05:25 PM EDT, 05/06/2024 (MT Newswires) -- Vornado Realty Trust ( VNO ) reported Q1 adjusted funds from operations late Monday of $0.55 per diluted share, down from $0.60 per share a year earlier.

Analysts polled by Capital IQ expected FFO of $0.58.

Revenue in the quarter ended March 31 to fell to $436.4 million from $445.9 million a year earlier. Four analysts surveyed by Capital IQ expected $447.8 million.

Separately, the company said Vornado Realty LP extended an unsecured revolving credit facility to April 2029 from April 2026 and reduced its available borrowing amount to $915 million from $1.25 billion.

Vornado shares fell 1.6% in after-hours activity.

Price: 26.20, Change: -0.43, Percent Change: -1.61