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Vornado Realty Trust Q1 Non-GAAP FFO, Revenue Fall; Shares Drop After Hours

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Vornado Realty Trust (VNO) reported Q1 non-GAAP funds from operations late Monday of $0.52 per diluted share, down from $0.63 a year earlier.

Analysts polled by FactSet expected $0.51.

Revenue in the three months ended March 31 fell to $459.1 million from $461.6 million a year earlier.

Analysts surveyed by FactSet expected $431.7 million.

Vornado shares fell 3% in after-hours trading.

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