PARAMUS, NJ-Vornado Realty Trust reports it will post a $36.8 million loss in the second quarter due to its 32.6% share in Wayne, NJ-based retailer Toys “R” Us.
The second quarter loss represents the REIT's share of the $111-million loss Toys “R” Us reported for its first quarter 2013 fiscal quarter, which was one of its worst in at least a decade, according to The Record.
The 2013 loss amounts to 19 cents per share for Vornado, compared to a loss of $19.1 million, or 10 cents per share for the same period in 2012. See story in The Record.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
