Shareholders' Equity/Partners' Capital

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Shareholders' Equity/Partners' Capital

Shareholders' Equity/Partners' Capital

The following table sets forth the details of our dividends/distributions per common share/Class A unit and dividends/distributions per share/unit for each class of preferred shares/units of beneficial interest.

(Per share/unit)	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
Shares/Units:
Common shares/Class A units held by Vornado: authorized 250,000,000 shares/units	$	0.53	$	0.66	$	1.06	$	1.32
Convertible Preferred(1):
6.5% Series A: authorized 13,402 and 13,694 shares/units(2)	0.8125		0.8125		1.6250		1.6250
Cumulative Redeemable Preferred(1):
5.70% Series K: authorized 12,000,000 shares/units(3)	0.3563		0.3563		0.7126		0.7126
5.40% Series L: authorized 13,800,000 shares/units(3)	0.3375		0.3375		0.6750		0.6750
5.25% Series M: authorized 13,800,000 shares/units(3)	0.3281		0.3281		0.6562		0.6562
5.25% Series N: authorized 12,000,000 shares/units(3)(4)	0.3281		N/A		0.6562		N/A

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(1)Dividends on preferred shares and distributions on preferred units are cumulative and are payable quarterly in arrears.

(2)Redeemable at the option of Vornado under certain circumstances, at a redemption price of 1.9531 common shares/Class A units per Series A Preferred Share/Unit plus accrued and unpaid dividends/distributions through the date of redemption, or convertible at any time at the option of the holder for 1.9531 common shares/Class A units per Series A Preferred Share/Unit.

(3)Series K and L cumulative redeemable preferred shares/units are redeemable at Vornado's option at a redemption price of $25.00 per share/unit, plus accrued and unpaid dividends/distributions through the date of redemption. Series M cumulative redeemable preferred shares/units are not redeemable until December 2022 and Series N cumulative redeemable preferred shares/units are not redeemable until November 2025.

(4)Issued in November 2020.

Accumulated Other Comprehensive Loss

The following tables set forth the changes in accumulated other comprehensive loss by component.

(Amounts in thousands) For the three months ended June 30, 2021:	Total		Accumulated other comprehensive (loss) income of nonconsolidated subsidiaries		Interest rate swaps		Other
Balance as of March 31, 2021	$	(60,753)	$	(10,747)	$	(54,456)	$	4,450
Other comprehensive income (loss)	9,316		1,468		8,551		(703)
Balance as of June 30, 2021	$	(51,437)	$	(9,279)	$	(45,905)	$	3,747
For the three months ended June 30, 2020:
Balance as of March 31, 2020	$	(82,719)	$	12	$	(81,603)	$	(1,128)
Other comprehensive income (loss)	73		—		78		(5)
Balance as of June 30, 2020	$	(82,646)	$	12	$	(81,525)	$	(1,133)
For the six months ended June 30, 2021:
Balance as of December 31, 2020	$	(75,099)	$	(14,338)	$	(66,098)	$	5,337
Other comprehensive income (loss)	23,662		5,059		20,193		(1,590)
Balance as of June 30, 2021	$	(51,437)	$	(9,279)	$	(45,905)	$	3,747
For the six months ended June 30, 2020:
Balance as of December 31, 2019	$	(40,233)	$	4	$	(36,126)	$	(4,111)
Other comprehensive (loss) income	(42,413)		8		(45,399)		2,978
Balance as of June 30, 2020	$	(82,646)	$	12	$	(81,525)	$	(1,133)