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BRIEF-Vornado to post $59 mln in Q1 income from settlement with Stop & Shop
February 6, 2013 / 9:45 PM / 5 years ago

BRIEF-Vornado to post $59 mln in Q1 income from settlement with Stop & Shop

Feb 6 (Reuters) - Vornado Realty Trust : * Says it has received $124 million pursuant to a settlement agreement with

stop & shop for its claim under a 1992 agreement which provided for annual

rent of $6 million potentially through 2031 * Says the settlement ends vornado’s right to receive this rent under the 1992

agreement and ends litigation between the parties which started ten years ago * Says the settlement, net of expenses, will result in Vornado recognizing $59

million of income in the first quarter of 2013

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