XML 26 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Income (VNO) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES:      
Total revenues $ 1,811,163 $ 1,799,995 $ 1,589,210
EXPENSES:      
Operating (905,158) (873,911) (797,315)
Depreciation and amortization (434,273) (504,502) (412,347)
General and administrative (162,883) (133,731) (134,545)
(Expense) benefit from deferred compensation plan liability (12,162) 9,617 (9,847)
Impairment losses, transaction related costs and other (50,691) (31,722) (13,815)
Total expenses (1,565,167) (1,534,249) (1,367,869)
Income (loss) from partially owned entities 38,689 (461,351) 130,517
Income from real estate fund investments 1,590 3,541 11,066
Interest and other investment income, net 41,697 19,869 4,612
Income (loss) from deferred compensation plan assets 12,162 (9,617) 9,847
Interest and debt expense (349,223) (279,765) (231,096)
Net gains on disposition of wholly owned and partially owned assets 71,199 100,625 50,770
Income (loss) before income taxes 62,110 (360,952) 197,057
Income tax (expense) benefit (29,222) (21,660) 10,496
Net income (loss) 32,888 (382,612) 207,553
Less net loss (income) attributable to noncontrolling interests in:      
Consolidated subsidiaries 75,967 5,737 (24,014)
Operating Partnership (3,361) 30,376 (7,540)
Net income (loss) attributable to Vornado / Vornado Realty L.P. 105,494 (346,499) 175,999
Preferred share dividends (62,116) (62,116) (65,880)
Series K preferred share issuance costs 0 0 (9,033)
Net income (loss) attributable to common shareholders/Class A unitholders $ 43,378 $ (408,615) $ 101,086
INCOME (LOSS) PER COMMON SHARE - BASIC:      
Net income (loss) per common share (in dollars per share) $ 0.23 $ (2.13) $ 0.53
Weighted average shares outstanding (in shares) 191,005 191,775 191,551
INCOME (LOSS) PER COMMON SHARE - DILUTED:      
Net income (loss) per common share (in dollars per share) $ 0.23 $ (2.13) $ 0.53
Weighted average shares outstanding (in shares) 191,856 191,775 192,122
Rental revenues      
REVENUES:      
Total revenues $ 1,607,486 $ 1,607,685 $ 1,424,531
Fee and other income      
REVENUES:      
Total revenues $ 203,677 $ 192,310 $ 164,679