Vornado Realty Trust Trades Higher on Q2 Earnings Results

Shares of Vornado Realty Trust (NYSE: VNO) are rising in the after-hours trade following the release of the company's Q2 earnings results. Currently, shares are higher by 0.27%, trading at $92.55; they ended the regular session lower by 1.33%, at $92.31.

Vornado Realty Trust reported Q2 EPS of $1.27 on revenues of $730.2 million; the Street was looking for $1.16 per share on revenues of $683.6 million. Revenues increased 6.8% year over year.

FFO for the six months ended June 30, 2011 was $749.3 million, or $3.91 per diluted share, compared to $565.1 million, or $2.98 per diluted share, for the prior year's six months. Adjusting FFO for certain items that affect comparability which are listed in the table below, FFO for the six months ended June 30, 2011 and 2010 was $573.6 million and $569.8 million, or $2.99 and $3.01 per diluted share, respectively.

Vornado Realty Trust is an integrated real estate investment trust. Vornado conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a limited partnership