Vornado Q1 net income surpasses $200M

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Vornado Realty Trust, the New York City-based landlord which also owns shopping centers in Miami and Tampa, posted a $200.3 million first-quarter net income. That’s a significant increase over the net income from the same quarter a year earlier, which reached $125.8 million, according to a report from the company released today. The resulting funds from operations reached $1.87 per share to common shareholders. This FFO is up from $1.65 per share seen in the first quarter of 2009. TRD

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