Schedule Of Preferred Units |
The following table sets forth the details of our preferred shares of beneficial interest and the preferred units of the Operating Partnership as of December 31, 2019 and 2018. | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in thousands, except share/unit and per share/per unit amounts) | | | | | | | | | | | | | | | | | | | | | Per Share/Unit | | | Balance as of December 31, | | Shares/Units Outstanding as of December 31, | | Liquidation Preference | | Annual Dividend/ Distribution(1) | Preferred Shares/Units | | 2019 | | 2018 | | 2019 | | 2018 | | | Convertible Preferred: | | | | | | | | | | | | | 6.5% Series A: authorized 15,640 shares/units(2) | | $ | 991 |
| | $ | 1,071 |
| | 15,640 |
| | 18,580 |
| | $ | 50.00 |
| | $ | 3.25 |
| Cumulative Redeemable Preferred: | | | | | | | | | | | | | 5.70% Series K: authorized 12,000,000 shares/units(3) | | 290,971 |
| | 290,971 |
| | 12,000,000 |
| | 12,000,000 |
| | 25.00 |
| | 1.425 |
| 5.40% Series L: authorized 13,800,000 shares/units(3) | | 290,306 |
| | 290,306 |
| | 12,000,000 |
| | 12,000,000 |
| | 25.00 |
| | 1.35 |
| 5.25% Series M: authorized 13,800,000 shares/units(3) | | 308,946 |
| | 308,946 |
| | 12,780,000 |
| | 12,780,000 |
| | 25.00 |
| | 1.3125 |
| | | $ | 891,214 |
| | $ | 891,294 |
| | 36,795,640 |
| | 36,798,580 |
| | | | |
________________________________________ | | (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) 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.
|
Schedule of Accumulated Other Comprehensive Income (Loss) |
The following table sets forth the changes in accumulated other comprehensive (loss) income by component for the year ended December 31, 2019. | | | | | | | | | | | | | | | | | (Amounts in thousands) | | | Total | | Accumulated other comprehensive income of nonconsolidated subsidiaries | | Interest rate swaps | | Other | Accumulated other comprehensive income (loss) as of December 31, 2018 | $ | 7,664 |
| | $ | 3,253 |
| | $ | 11,759 |
| | $ | (7,348 | ) | Other comprehensive (loss) income | (45,586 | ) | | (938 | ) | | (47,885 | ) | | 3,237 |
| Amount reclassified from accumulated other comprehensive income(1) | (2,311 | ) | | (2,311 | ) | | — |
| | — |
| Accumulated other comprehensive (loss) income as of December 31, 2019 | $ | (40,233 | ) | | $ | 4 |
| | $ | (36,126 | ) | | $ | (4,111 | ) |
________________________________________ (1) Amount reclassified related to the conversion of our PREIT operating partnership units into common shares.
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