The Real Deal Miami

Vornado Q1 net income surpasses $200M

May 04, 2010 02:38PM

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