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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES:        
Revenues $ 378,941 $ 343,026 $ 758,918 $ 787,558
EXPENSES:        
Operating (190,920) (174,425) (381,899) (404,432)
Depreciation and amortization (89,777) (92,805) (185,131) (185,598)
General and administrative (30,602) (35,014) (74,788) (87,848)
(Expense) benefit from deferred compensation plan liability (3,378) (6,356) (6,623) 4,889
(Transaction related costs and other) lease liability extinguishment gain (106) 69,221 (949) 69,150
Total expenses (314,783) (239,379) (649,390) (603,839)
Income (loss) from partially owned entities 31,426 (291,873) 60,499 (272,770)
Income (loss) from real estate fund investments 5,342 (28,042) 5,173 (211,505)
Interest and other investment income (loss), net 1,539 (2,893) 3,061 (8,797)
Income (loss) from deferred compensation plan assets 3,378 6,356 6,623 (4,889)
Interest and debt expense (51,894) (58,405) (101,958) (117,247)
Net gains on disposition of wholly owned and partially owned assets 25,724 55,695 25,724 124,284
Income (loss) before income taxes 79,673 (215,515) 108,650 (307,205)
Income tax expense (2,841) (1,837) (4,825) (14,650)
Net income (loss) 76,832 (217,352) 103,825 (321,855)
Less net loss (income) attributable to noncontrolling interests / consolidated subsidiaries in:        
Consolidated subsidiaries (8,784) 17,768 (14,898) 140,155
Operating Partnership (3,536) 14,364 (3,865) 13,974
Net income (loss) attributable to Vornado / Vornado Realty L.P. 64,512 (185,220) 85,062 (167,726)
Preferred share dividends / unit distributions (16,467) (12,530) (32,934) (25,061)
NET INCOME (LOSS) attributable to common shareholders / Class A unitholders $ 48,045 $ (197,750) $ 52,128 $ (192,787)
INCOME (LOSS) PER COMMON SHARE - BASIC:        
Net income (loss) per common share (in dollars per share) $ 0.25 $ (1.03) $ 0.27 $ (1.01)
Weighted average shares outstanding, basic (in shares) 191,527 191,104 191,473 191,071
INCOME (LOSS) PER COMMON SHARE - DILUTED:        
Net income (loss) per common share (in dollars per share) $ 0.25 $ (1.03) $ 0.27 $ (1.01)
Weighted average shares outstanding, diluted (in shares) 192,380 191,104 192,207 191,071
Vornado Realty L.P.        
REVENUES:        
Revenues $ 378,941 $ 343,026 $ 758,918 $ 787,558
EXPENSES:        
Operating (190,920) (174,425) (381,899) (404,432)
Depreciation and amortization (89,777) (92,805) (185,131) (185,598)
General and administrative (30,602) (35,014) (74,788) (87,848)
(Expense) benefit from deferred compensation plan liability (3,378) (6,356) (6,623) 4,889
(Transaction related costs and other) lease liability extinguishment gain (106) 69,221 (949) 69,150
Total expenses (314,783) (239,379) (649,390) (603,839)
Income (loss) from partially owned entities 31,426 (291,873) 60,499 (272,770)
Income (loss) from real estate fund investments 5,342 (28,042) 5,173 (211,505)
Interest and other investment income (loss), net 1,539 (2,893) 3,061 (8,797)
Income (loss) from deferred compensation plan assets 3,378 6,356 6,623 (4,889)
Interest and debt expense (51,894) (58,405) (101,958) (117,247)
Net gains on disposition of wholly owned and partially owned assets 25,724 55,695 25,724 124,284
Income (loss) before income taxes 79,673 (215,515) 108,650 (307,205)
Income tax expense (2,841) (1,837) (4,825) (14,650)
Net income (loss) 76,832 (217,352) 103,825 (321,855)
Less net loss (income) attributable to noncontrolling interests / consolidated subsidiaries in:        
Consolidated subsidiaries (8,784) 17,768 (14,898) 140,155
Operating Partnership (3,536) 14,364 (3,865) 13,974
Net income (loss) attributable to Vornado / Vornado Realty L.P. 68,048 (199,584) 88,927 (181,700)
Preferred share dividends / unit distributions (16,508) (12,571) (33,016) (25,143)
NET INCOME (LOSS) attributable to common shareholders / Class A unitholders $ 51,540 $ (212,155) $ 55,911 $ (206,843)
INCOME (LOSS) PER CLASS A UNIT - BASIC:        
Net income (loss) per Class A unit (in dollars per unit) $ 0.25 $ (1.05) $ 0.27 $ (1.05)
Weighted average units outstanding, basic (in shares) 204,621 203,512 204,560 203,441
INCOME (LOSS) PER CLASS A UNIT - DILUTED:        
Net income (loss) per Class A unit (in dollars per unit) $ 0.25 $ (1.05) $ 0.27 $ (1.05)
Weighted average units outstanding, diluted (in shares) 205,814 203,512 205,572 203,441
Rental revenues        
REVENUES:        
Revenues $ 339,596 $ 315,194 $ 678,913 $ 716,468
Rental revenues | Vornado Realty L.P.        
REVENUES:        
Revenues 339,596 315,194 678,913 716,468
Fee and other income        
REVENUES:        
Revenues 39,345 27,832 80,005 71,090
Fee and other income | Vornado Realty L.P.        
REVENUES:        
Revenues $ 39,345 $ 27,832 $ 80,005 $ 71,090