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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES:        
Revenues $ 343,026 $ 463,103 $ 787,558 $ 997,771
EXPENSES:        
Operating (174,425) (220,752) (404,432) (467,647)
Depreciation and amortization (92,805) (113,035) (185,598) (229,744)
General and administrative (35,014) (38,872) (87,848) (96,892)
(Expense) benefit from deferred compensation plan liability (6,356) (1,315) 4,889 (6,748)
Lease liability extinguishment gain (transaction related costs and impairment losses) 69,221 (101,590) 69,150 (101,739)
Total expenses (239,379) (475,564) (603,839) (902,770)
(Loss) income from partially owned entities (291,873) 22,873 (272,770) 30,193
Loss from real estate fund investments (28,042) (15,803) (211,505) (15,970)
Interest and other investment (loss) income, net (2,893) 7,840 (8,797) 12,885
Income (loss) from deferred compensation plan assets 6,356 1,315 (4,889) 6,748
Interest and debt expense (58,405) (63,029) (117,247) (165,492)
Net gain on transfer to Fifth Avenue and Times Square JV 0 2,571,099 0 2,571,099
Net gains on disposition of wholly owned and partially owned assets 55,695 111,713 124,284 332,007
(Loss) income before income taxes (215,515) 2,623,547 (307,205) 2,866,471
Income tax expense (1,837) (26,914) (14,650) (56,657)
(Loss) income from continuing operations (217,352) 2,596,633 (321,855) 2,809,814
Income (loss) from discontinued operations 0 60 0 (77)
Net (loss) income (217,352) 2,596,693 (321,855) 2,809,737
Less net loss (income) attributable to noncontrolling interests / consolidated subsidiaries in:        
Consolidated subsidiaries 17,768 (21,451) 140,155 (28,271)
Operating Partnership 14,364 (162,515) 13,974 (174,717)
Net (loss) income attributable to Vornado / Vornado Realty L.P. (185,220) 2,412,727 (167,726) 2,606,749
Preferred share dividends / unit distributions (12,530) (12,532) (25,061) (25,066)
NET (LOSS) INCOME attributable to common shareholders / Class A unitholders $ (197,750) $ 2,400,195 $ (192,787) $ 2,581,683
(LOSS) INCOME PER COMMON SHARE - BASIC:        
Net (loss) income per common share (in dollars per share) $ (1.03) $ 12.58 $ (1.01) $ 13.53
Weighted average shares outstanding, basic (in shares) 191,104 190,781 191,071 190,735
(LOSS) INCOME PER COMMON SHARE - DILUTED:        
Net (loss) income per common share (in dollars per share) $ (1.03) $ 12.56 $ (1.01) $ 13.51
Weighted average shares outstanding, diluted (in shares) 191,104 191,058 191,071 191,030
Vornado Realty L.P.        
REVENUES:        
Revenues $ 343,026 $ 463,103 $ 787,558 $ 997,771
EXPENSES:        
Operating (174,425) (220,752) (404,432) (467,647)
Depreciation and amortization (92,805) (113,035) (185,598) (229,744)
General and administrative (35,014) (38,872) (87,848) (96,892)
(Expense) benefit from deferred compensation plan liability (6,356) (1,315) 4,889 (6,748)
Lease liability extinguishment gain (transaction related costs and impairment losses) 69,221 (101,590) 69,150 (101,739)
Total expenses (239,379) (475,564) (603,839) (902,770)
(Loss) income from partially owned entities (291,873) 22,873 (272,770) 30,193
Loss from real estate fund investments (28,042) (15,803) (211,505) (15,970)
Interest and other investment (loss) income, net (2,893) 7,840 (8,797) 12,885
Income (loss) from deferred compensation plan assets 6,356 1,315 (4,889) 6,748
Interest and debt expense (58,405) (63,029) (117,247) (165,492)
Net gain on transfer to Fifth Avenue and Times Square JV 0 2,571,099 0 2,571,099
Net gains on disposition of wholly owned and partially owned assets 55,695 111,713 124,284 332,007
(Loss) income before income taxes (215,515) 2,623,547 (307,205) 2,866,471
Income tax expense (1,837) (26,914) (14,650) (56,657)
(Loss) income from continuing operations (217,352) 2,596,633 (321,855) 2,809,814
Income (loss) from discontinued operations 0 60 0 (77)
Net (loss) income (217,352) 2,596,693 (321,855) 2,809,737
Less net loss (income) attributable to noncontrolling interests / consolidated subsidiaries in:        
Consolidated subsidiaries 17,768 (21,451) 140,155 (28,271)
Operating Partnership 14,364 (162,515) 13,974 (174,717)
Net (loss) income attributable to Vornado / Vornado Realty L.P. (199,584) 2,575,242 (181,700) 2,781,466
Preferred share dividends / unit distributions (12,571) (12,573) (25,143) (25,148)
NET (LOSS) INCOME attributable to common shareholders / Class A unitholders $ (212,155) $ 2,562,669 $ (206,843) $ 2,756,318
(LOSS) INCOME PER CLASS A UNIT - BASIC:        
Net (loss) income per Class A unit (in dollars per unit) $ (1.05) $ 12.58 $ (1.05) $ 13.53
Weighted average units outstanding, basic (in shares) 203,512 202,924 203,441 202,848
(LOSS) INCOME PER CLASS A UNIT - DILUTED:        
Net (loss) income per Class A unit (in dollars per unit) $ (1.05) $ 12.54 $ (1.05) $ 13.50
Weighted average units outstanding, diluted (in shares) 203,512 203,480 203,441 203,391
Rental revenues        
REVENUES:        
Revenues $ 315,194 $ 421,299 $ 716,468 $ 921,176
Rental revenues | Vornado Realty L.P.        
REVENUES:        
Revenues 315,194 421,299 716,468 921,176
Fee and other income        
REVENUES:        
Revenues 27,832 41,804 71,090 76,595
Fee and other income | Vornado Realty L.P.        
REVENUES:        
Revenues $ 27,832 $ 41,804 $ 71,090 $ 76,595