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Stock Market & Financial Investment News

News Breaks
December 24, 2013
12:27 EDTVNOVornado announces its share of Toys 'R' Us' Q3 financial results
Vornado Realty Trust announced that it will record its 32.6% share of Toys "R" Us' third quarter financial results in its fourth quarter ending December 31. Based on Toys information currently available to Vornado, Vornado's results will include in its fourth quarter a net loss of $130,851,000, or 66c per diluted share, attributable to Toys 2013 third quarter, compared to a net loss of $73,837,000, or 37c per diluted share in Vornado's fourth quarter ending December 31, 2012, attributable to Toys' 2012 third quarter which includes a $40,000,000 non-cash impairment loss on Vornado's investment in Toys. Vornado's share of Toys' negative Funds From Operations, FFO, before income taxes for the fourth quarter 2013 will be $91,316,000 or 46c per diluted share, compared to negative FFO before income taxes and impairment of $49,241,000, or 25c per diluted share in the prior year's quarter. Vornado's share of negative FFO after income taxes for the fourth quarter 2013 will be $119,826,000 or 60c per diluted share, compared to negative FFO after income taxes of $61,358,000 or 31c per diluted share in the prior year's quarter.
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April 14, 2014
09:04 EDTVNOVornado to host conference call
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April 11, 2014
16:26 EDTVNOVornado to spin-off shopping center business
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