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Vornado expects increase in Q3 results

Vornado Realty Trust expects an increase in its third-quarter funds from operations attributable to common shareholders, plus assumed conversions, of 57 cents per share.

The office real estate investment trust said the results will include, among other things, an approximately $109.0 million, or 54-cent-per-share, posttax net gain on sale of condominium units at the 220 Central Park South property in New York City.