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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Real estate, at cost:    
Land $ 2,394,865 $ 2,420,054
Buildings and improvements 7,910,088 7,933,030
Development costs and construction in progress 1,832,997 1,604,637
Leasehold improvements and equipment 133,379 130,222
Total 12,271,329 12,087,943
Less accumulated depreciation and amortization (3,269,196) (3,169,446)
Real estate, net 9,002,133 8,918,497
Right-of-use assets 365,219 367,365
Cash and cash equivalents 2,172,195 1,624,482
Restricted cash 145,142 105,887
Tenant and other receivables 62,294 77,658
Investments in partially owned entities 3,355,401 3,491,107
Real estate fund investments 3,739 3,739
220 Central Park South condominium units ready for sale 90,498 128,215
Receivable arising from the straight-lining of rents 661,552 674,075
Deferred leasing costs, net of accumulated amortization of $201,522 and $196,972 370,169 372,919
Identified intangible assets, net of accumulated amortization of $91,187 and $93,113 21,347 23,856
Other assets 407,104 434,022
Assets 16,656,793 16,221,822
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,547,605 5,580,549
Senior unsecured notes, net 1,189,861 446,685
Unsecured term loan, net 797,287 796,762
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 400,584 401,008
Accounts payable and accrued expenses 399,497 427,202
Deferred revenue 33,965 40,110
Deferred compensation plan 107,237 105,564
Other liabilities 287,756 294,520
Total liabilities 9,338,792 8,667,400
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 749,684 606,267
Shareholders' / Partner's Equity    
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,793,402 shares 1,182,291 1,182,339
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 191,560,756 and 191,354,679 shares 7,641 7,633
Additional capital 8,069,033 8,192,507
Earnings less than distributions (2,925,161) (2,774,182)
Accumulated other comprehensive loss (51,437) (75,099)
Total Vornado shareholders' / partners equity 6,282,367 6,533,198
Noncontrolling interests in consolidated subsidiaries 285,950 414,957
Total equity 6,568,317 6,948,155
Total liabilities, redeemable noncontrolling interests / partnership units and equity 16,656,793 16,221,822
Vornado Realty L.P.    
Real estate, at cost:    
Land 2,394,865 2,420,054
Buildings and improvements 7,910,088 7,933,030
Development costs and construction in progress 1,832,997 1,604,637
Leasehold improvements and equipment 133,379 130,222
Total 12,271,329 12,087,943
Less accumulated depreciation and amortization (3,269,196) (3,169,446)
Real estate, net 9,002,133 8,918,497
Right-of-use assets 365,219 367,365
Cash and cash equivalents 2,172,195 1,624,482
Restricted cash 145,142 105,887
Tenant and other receivables 62,294 77,658
Investments in partially owned entities 3,355,401 3,491,107
Real estate fund investments 3,739 3,739
220 Central Park South condominium units ready for sale 90,498 128,215
Receivable arising from the straight-lining of rents 661,552 674,075
Deferred leasing costs, net of accumulated amortization of $201,522 and $196,972 370,169 372,919
Identified intangible assets, net of accumulated amortization of $91,187 and $93,113 21,347 23,856
Other assets 407,104 434,022
Assets 16,656,793 16,221,822
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,547,605 5,580,549
Senior unsecured notes, net 1,189,861 446,685
Unsecured term loan, net 797,287 796,762
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 400,584 401,008
Accounts payable and accrued expenses 399,497 427,202
Deferred revenue 33,965 40,110
Deferred compensation plan 107,237 105,564
Other liabilities 287,756 294,520
Total liabilities 9,338,792 8,667,400
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 749,684 606,267
Shareholders' / Partner's Equity    
Partners' capital 9,258,965 9,382,479
Earnings less than distributions (2,925,161) (2,774,182)
Accumulated other comprehensive loss (51,437) (75,099)
Total Vornado shareholders' / partners equity 6,282,367 6,533,198
Noncontrolling interests in consolidated subsidiaries 285,950 414,957
Total equity 6,568,317 6,948,155
Total liabilities, redeemable noncontrolling interests / partnership units and equity 16,656,793 16,221,822
Partnership Interest    
Redeemable noncontrolling interests:    
Class A units - 13,932,635 and 13,583,607 units outstanding 650,236 507,212
Series D cumulative redeemable preferred units - 141,401 units outstanding 4,535 4,535
Total redeemable noncontrolling interests 654,771 511,747
Partnership Interest | Vornado Realty L.P.    
Redeemable noncontrolling interests:    
Class A units - 13,932,635 and 13,583,607 units outstanding 650,236 507,212
Series D cumulative redeemable preferred units - 141,401 units outstanding 4,535 4,535
Total redeemable noncontrolling interests 654,771 511,747
Subsidiary    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 94,913 94,520
Subsidiary | Vornado Realty L.P.    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests $ 94,913 $ 94,520