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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES:    
Revenues $ 442,130 $ 379,977
EXPENSES:    
Operating (216,529) (190,979)
Depreciation and amortization (117,443) (95,354)
General and administrative (41,216) (44,186)
Benefit (expense) from deferred compensation plan liability 1,944 (3,245)
Transaction related costs and other (1,005) (843)
Total expenses (374,249) (334,607)
Income from partially owned entities 33,714 29,073
Income (loss) from real estate fund investments 5,674 (169)
Interest and other investment income, net 1,018 1,522
(Loss) income from deferred compensation plan assets (1,944) 3,245
Interest and debt expense (52,109) (50,064)
Net gains on disposition of wholly owned and partially owned assets 6,552 0
Income before income taxes 60,786 28,977
Income tax expense (7,411) (1,984)
Net income 53,375 26,993
Less (income) loss attributable to noncontrolling interests in consolidated subsidiaries (9,374) (6,114)
Net income attributable to Vornado / Vornado Realty L.P. 42,007 20,550
Preferred share dividends / unit distributions (15,529) (16,467)
NET INCOME attributable to common shareholders / Class A unitholders 26,478 4,083
Vornado Realty L.P.    
REVENUES:    
Revenues 442,130 379,977
EXPENSES:    
Operating (216,529) (190,979)
Depreciation and amortization (117,443) (95,354)
General and administrative (41,216) (44,186)
Benefit (expense) from deferred compensation plan liability 1,944 (3,245)
Transaction related costs and other (1,005) (843)
Total expenses (374,249) (334,607)
Income from partially owned entities 33,714 29,073
Income (loss) from real estate fund investments 5,674 (169)
Interest and other investment income, net 1,018 1,522
(Loss) income from deferred compensation plan assets (1,944) 3,245
Interest and debt expense (52,109) (50,064)
Net gains on disposition of wholly owned and partially owned assets 6,552 0
Income before income taxes 60,786 28,977
Income tax expense (7,411) (1,984)
Net income 53,375 26,993
Less (income) loss attributable to noncontrolling interests in consolidated subsidiaries (9,374) (6,114)
Net income attributable to Vornado / Vornado Realty L.P. 44,001 20,879
Preferred share dividends / unit distributions (15,558) (16,508)
NET INCOME attributable to common shareholders / Class A unitholders $ 28,443 $ 4,371
Income from continuing operations, net    
Net income per Class A unit (in dollars per unit) $ 0.14 $ 0.02
Weighted average units outstanding, basic (in shares) 205,141 204,072
Income from continuing operations, net    
Net income per Class A unit (in dollars per unit) $ 0.14 $ 0.02
Weighted average units outstanding, diluted (in shares) 205,896 204,901
Rental revenues    
REVENUES:    
Revenues $ 397,283 $ 339,317
Rental revenues | Vornado Realty L.P.    
REVENUES:    
Revenues 397,283 339,317
Fee and other income    
REVENUES:    
Revenues 44,847 40,660
Fee and other income | Vornado Realty L.P.    
REVENUES:    
Revenues $ 44,847 $ 40,660