Vornado Realty Trust, Paramus, N.J., has announced that its Form 10-K filing for 2006 will include a third-quarter net loss of approximately $51.7 million for Toys "R" Us, in which Vornado has a 32.9% ownership stake.The loss is an increase from the approximately $8.5 million net loss disclosed by Vornado in a December news release, the real estate investment trust noted. The reason for the revision was a determination that $36 million of certain tax benefits relating to Toys' foreign operations must be recorded as a reduction of goodwill under the purchase accounting methodology used by the REIT. The $36 million had previously been recorded as income, Vornado said. The company can be found online at http://www.vno.com.
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