Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
REVENUES:
Property rentals	$ 440,110	$ 414,892
Tenant expense reimbursements	60,310	59,033
Fee and other income	36,017	34,133
Total revenues	536,437	508,058
EXPENSES:
Operating	237,602	220,659
Depreciation and amortization	108,686	105,128
General and administrative	43,633	47,237
(Income) expense from deferred compensation plan liability	(404)	2,469
Transaction related costs and other	13,156	752
Total expenses	402,673	376,245
Operating income	133,764	131,813
(Loss) income from partially owned entities	(9,904)	1,358
(Loss) income from real estate fund investments	(8,807)	268
Interest and other investment (loss) income, net	(24,384)	6,695
(Loss) income from deferred compensation plan assets	(404)	2,469
Interest and debt expense	(88,166)	(82,724)
Net gains on disposition of wholly owned and partially owned assets	0	501
Income before income taxes	2,099	60,380
Income tax expense	(1,454)	(1,851)
Income from continuing operations	645	58,529
(Loss) income from discontinued operations	(363)	15,318
Net income	282	73,847
Less net loss (income) attributable to noncontrolling interests in:
Consolidated subsidiaries	8,274	(6,737)
Operating Partnership	1,124	(3,229)
Net income attributable to Vornado / Vornado Realty L.P.	9,680	63,881
Preferred share dividends / unit distributions	(13,035)	(16,129)
Preferred share / unit issuance costs	(14,486)	0
NET (LOSS) INCOME attributable to common shareholders & Class A unitholders	$ (17,841)	$ 47,752
(LOSS) INCOME PER COMMON SHARE – BASIC:
(Loss) income from continuing operations, net (in dollars per share)	$ (0.09)	$ 0.18
Income from discontinued operations, net (in dollars per share)	0.00	0.07
Net (loss) income per common share (in dollars per share)	$ (0.09)	$ 0.25
Weighted average shares outstanding, basic	190,081	189,210
(LOSS) INCOME PER COMMON SHARE – DILUTED:
(Loss) income from continuing operations, net (in dollars per share)	$ (0.09)	$ 0.18
Income from discontinued operations, net (in dollars per share)	0.00	0.07
Net (loss) income per common share (in dollars per share)	$ (0.09)	$ 0.25
Weighted average shares outstanding, diluted	190,081	190,372
(LOSS) INCOME PER CLASS A UNIT – DILUTED:
DIVIDENDS PER COMMON SHARE (in dollars per share)	$ 0.63	$ 0.71
Vornado Realty L.P.
REVENUES:
Property rentals	$ 440,110	$ 414,892
Tenant expense reimbursements	60,310	59,033
Fee and other income	36,017	34,133
Total revenues	536,437	508,058
EXPENSES:
Operating	237,602	220,659
Depreciation and amortization	108,686	105,128
General and administrative	43,633	47,237
(Income) expense from deferred compensation plan liability	(404)	2,469
Transaction related costs and other	13,156	752
Total expenses	402,673	376,245
Operating income	133,764	131,813
(Loss) income from partially owned entities	(9,904)	1,358
(Loss) income from real estate fund investments	(8,807)	268
Interest and other investment (loss) income, net	(24,384)	6,695
(Loss) income from deferred compensation plan assets	(404)	2,469
Interest and debt expense	(88,166)	(82,724)
Net gains on disposition of wholly owned and partially owned assets	0	501
Income before income taxes	2,099	60,380
Income tax expense	(1,454)	(1,851)
Income from continuing operations	645	58,529
(Loss) income from discontinued operations	(363)	15,318
Net income	282	73,847
Less net loss (income) attributable to noncontrolling interests in:
Consolidated subsidiaries	8,274	(6,737)
Operating Partnership	1,124	(3,229)
Net income attributable to Vornado / Vornado Realty L.P.	8,556	67,110
Preferred share dividends / unit distributions	(13,084)	(16,178)
Preferred share / unit issuance costs	(14,486)	0
NET (LOSS) INCOME attributable to common shareholders & Class A unitholders	$ (19,014)	$ 50,932
(LOSS) INCOME PER CLASS A UNIT – BASIC:
(Loss) income from continuing operations, net (in dollars per unit)	$ (0.10)	$ 0.17
Income from discontinued operations, net (in dollars per unit)	0.00	0.08
Net (loss) income per Class A unit (in dollars per unit)	$ (0.10)	$ 0.25
Weighted average units outstanding, basic (in shares)	201,929	200,845
(LOSS) INCOME PER CLASS A UNIT – DILUTED:
(Loss) income from continuing operations, net (in dollars per unit)	$ (0.10)	$ 0.17
Income from discontinued operations, net (in dollars per unit)	0.00	0.08
Net (loss) income per Class A unit (in dollars per unit)	$ (0.10)	$ 0.25
Weighted average units outstanding, diluted (in shares)	201,929	202,647
DISTRIBUTIONS PER CLASS A UNIT (in dollars per share)	$ 0.63	$ 0.71