-- 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.