XML 141 R46.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
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.