Vornado Reports Loss From Its Stake In Toys R Us

PARAMUS, N.J. (AP) — Vornado Realty Trust said Wednesday it expects to report a narrower loss from its 33 percent stake in Toys R Us for the second quarter.

The real estate investment trust said funds from operations from its Toys R Us holding would be a loss of $4.2 million, or 2 cents per share. That compares to a loss of $5.4 million, or 3 cents per share, in the same quarter of the previous year.

Funds from operations, which adds such items as amortization and depreciation to net income, is considered a key measure of strength for REITs because it provides a more accurate picture of cash performance. ...