$Vornado Realty Trust(VNO-N)$ (VNO) reported Q3 adjusted funds from operations Monday of $0.52 per diluted share, down from $0.66 a year earlier.
Four analysts polled by Capital IQ expected $0.39.
Revenue for the quarter ended Sept. 30 was $443.3 million, down from $451 million a year earlier.
Three analysts surveyed by Capital IQ expected $445.9 million.