CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands |
Total |
Preferred Stock |
Earnings Less Than Distributions |
Accumulated Other Comprehensive Income |
Non-controlling Interests in Consolidated Subsidiaries |
Vornado Realty L.P. |
Vornado Realty L.P.
Preferred Stock
|
Vornado Realty L.P.
Class A Units Owned by Vornado
|
Vornado Realty L.P.
Earnings Less Than Distributions
|
Vornado Realty L.P.
Accumulated Other Comprehensive Income
|
Vornado Realty L.P.
Non-controlling Interests in Consolidated Subsidiaries
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
48,793,000
|
|
|
|
|
48,793,000
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
$ 5,705,286
|
$ 1,182,459
|
$ (4,009,395)
|
$ 65,115
|
$ 196,222
|
$ 5,705,286
|
$ 1,182,459
|
$ 8,270,885
|
$ (4,009,395)
|
$ 65,115
|
$ 196,222
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
|
|
|
|
|
190,391,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net income attributable to Vornado |
57,284
|
|
57,284
|
|
|
59,698
|
|
|
59,698
|
|
|
| Net income attributable to redeemable partnership units |
(2,414)
|
|
|
|
|
(2,414)
|
|
|
(2,414)
|
|
|
| Net loss attributable to nonredeemable noncontrolling interests in consolidated subsidiaries |
(9,982)
|
|
|
|
(9,982)
|
(9,982)
|
|
|
|
|
(9,982)
|
| Distributions to preferred unitholders (see Note 11 for distributions per unit amounts) |
(31,058)
|
|
(31,058)
|
|
|
(31,058)
|
|
|
(31,058)
|
|
|
| Upon redemption of redeemable Class A units, at redemption value (in shares) |
|
|
|
|
|
|
|
115,000
|
|
|
|
| Common shares issued upon redemption of Class A units, at redemption value |
3,040
|
|
|
|
|
3,040
|
|
$ 3,040
|
|
|
|
| Contributions |
1,758
|
|
|
|
1,758
|
1,758
|
|
|
|
|
1,758
|
| Distributions |
(185)
|
|
|
|
(185)
|
(185)
|
|
|
|
|
(185)
|
| Other comprehensive loss of nonconsolidated subsidiaries |
(2,227)
|
|
|
(2,227)
|
|
(2,227)
|
|
|
|
(2,227)
|
|
| Change in fair value of consolidated interest rate hedges and other |
49,401
|
|
|
49,401
|
|
49,401
|
|
|
|
49,401
|
|
| Redeemable Class A unit measurement adjustment |
48,143
|
|
|
(43)
|
|
48,143
|
|
$ 48,186
|
|
(43)
|
|
| Operating Partnership |
(3,582)
|
|
|
(3,582)
|
|
(3,582)
|
|
|
|
(3,582)
|
|
| Consolidated subsidiaries |
0
|
|
|
(3,885)
|
3,885
|
0
|
|
|
|
(3,885)
|
3,885
|
| Other (in shares) |
|
|
|
|
|
|
|
(1,000)
|
|
|
|
| Other |
121
|
|
(25)
|
|
1
|
121
|
|
$ 145
|
(25)
|
|
1
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
48,793,000
|
|
|
|
|
48,793,000
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
5,817,999
|
$ 1,182,459
|
(3,983,194)
|
104,779
|
191,699
|
5,817,999
|
$ 1,182,459
|
$ 8,322,256
|
(3,983,194)
|
104,779
|
191,699
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
|
190,505,000
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2024 |
|
48,793,000
|
|
|
|
|
48,793,000
|
|
|
|
|
| Beginning balance at Mar. 31, 2024 |
5,734,168
|
$ 1,182,459
|
(4,018,454)
|
105,916
|
195,081
|
5,734,168
|
$ 1,182,459
|
$ 8,269,166
|
(4,018,454)
|
105,916
|
195,081
|
| Beginning balance (in shares) at Mar. 31, 2024 |
|
|
|
|
|
|
|
190,483,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net income attributable to Vornado |
50,789
|
|
50,789
|
|
|
53,989
|
|
|
53,989
|
|
|
| Net income attributable to redeemable partnership units |
(3,200)
|
|
|
|
|
(3,200)
|
|
|
(3,200)
|
|
|
| Net loss attributable to nonredeemable noncontrolling interests in consolidated subsidiaries |
(5,487)
|
|
|
|
(5,487)
|
(5,487)
|
|
|
|
|
(5,487)
|
| Distributions to preferred unitholders (see Note 11 for distributions per unit amounts) |
(15,529)
|
|
(15,529)
|
|
|
(15,529)
|
|
|
(15,529)
|
|
|
| Upon redemption of redeemable Class A units, at redemption value (in shares) |
|
|
|
|
|
|
|
22,000
|
|
|
|
| Common shares issued upon redemption of Class A units, at redemption value |
551
|
|
|
|
|
551
|
|
$ 551
|
|
|
|
| Contributions |
1,488
|
|
|
|
1,488
|
1,488
|
|
|
|
|
1,488
|
| Distributions |
(107)
|
|
|
|
(107)
|
(107)
|
|
|
|
|
(107)
|
| Other comprehensive loss of nonconsolidated subsidiaries |
(1,685)
|
|
|
(1,685)
|
|
(1,685)
|
|
|
|
(1,685)
|
|
| Change in fair value of consolidated interest rate hedges and other |
1,192
|
|
|
1,192
|
|
1,192
|
|
|
|
1,192
|
|
| Redeemable Class A unit measurement adjustment |
52,518
|
|
|
(21)
|
|
52,518
|
|
52,539
|
|
(21)
|
|
| Operating Partnership |
100
|
|
|
100
|
|
100
|
|
|
|
100
|
|
| Consolidated subsidiaries |
0
|
|
|
(723)
|
723
|
0
|
|
|
|
(723)
|
723
|
| Other |
1
|
|
0
|
|
1
|
1
|
|
|
|
|
1
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
48,793,000
|
|
|
|
|
48,793,000
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
$ 5,817,999
|
$ 1,182,459
|
(3,983,194)
|
104,779
|
191,699
|
5,817,999
|
$ 1,182,459
|
$ 8,322,256
|
(3,983,194)
|
104,779
|
191,699
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
|
190,505,000
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2024 |
48,789,180
|
48,789,000
|
|
|
|
|
48,789,000
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 5,337,211
|
$ 1,182,364
|
(4,142,249)
|
57,700
|
178,969
|
5,337,211
|
$ 1,182,364
|
$ 8,060,427
|
(4,142,249)
|
57,700
|
178,969
|
| Beginning balance (in shares) at Dec. 31, 2024 |
190,846,580
|
|
|
|
|
|
|
190,847,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net income attributable to Vornado |
$ 861,713
|
|
861,713
|
|
|
934,465
|
|
|
934,465
|
|
|
| Net income attributable to redeemable partnership units |
(72,752)
|
|
|
|
|
(72,752)
|
|
|
(72,752)
|
|
|
| Net loss attributable to nonredeemable noncontrolling interests in consolidated subsidiaries |
(6,988)
|
|
|
|
(6,988)
|
(6,988)
|
|
|
|
|
(6,988)
|
| Distributions to preferred unitholders (see Note 11 for distributions per unit amounts) |
(31,052)
|
|
(31,052)
|
|
|
(31,052)
|
|
|
(31,052)
|
|
|
| Upon redemption of redeemable Class A units, at redemption value (in shares) |
|
|
|
|
|
|
|
1,193,000
|
|
|
|
| Common shares issued upon redemption of Class A units, at redemption value |
48,578
|
|
|
|
|
48,578
|
|
$ 48,578
|
|
|
|
| Under Vornado's employees' share option plan (in shares) |
|
|
|
|
|
|
|
1,000
|
|
|
|
| Under Vornado's employees' share option plan |
|
|
|
|
|
36
|
|
$ 36
|
|
|
|
| Contributions |
673
|
|
|
|
673
|
673
|
|
|
|
|
673
|
| Distributions |
(186)
|
|
|
|
(186)
|
(186)
|
|
|
|
|
(186)
|
| Other comprehensive loss of nonconsolidated subsidiaries |
(11,251)
|
|
|
(11,251)
|
|
(11,251)
|
|
|
|
(11,251)
|
|
| Change in fair value of consolidated interest rate hedges and other |
(41,142)
|
|
|
(41,142)
|
|
(41,142)
|
|
|
|
(41,142)
|
|
| Redeemable Class A unit measurement adjustment |
102,388
|
|
|
(34)
|
|
102,388
|
|
102,422
|
|
(34)
|
|
| Operating Partnership |
4,271
|
|
|
4,271
|
|
4,271
|
|
|
|
4,271
|
|
| Consolidated subsidiaries |
0
|
|
|
311
|
(311)
|
0
|
|
|
|
311
|
(311)
|
| Other |
$ (290)
|
|
2
|
2
|
(294)
|
(290)
|
|
|
2
|
2
|
(294)
|
| Ending balance (in shares) at Jun. 30, 2025 |
48,789,180
|
48,789,000
|
|
|
|
|
48,789,000
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 6,263,961
|
$ 1,182,364
|
(3,311,586)
|
9,857
|
171,863
|
6,263,961
|
$ 1,182,364
|
$ 8,211,463
|
(3,311,586)
|
9,857
|
171,863
|
| Ending balance (in shares) at Jun. 30, 2025 |
192,040,522
|
|
|
|
|
|
|
192,041,000
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
48,789,000
|
|
|
|
|
48,789,000
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
$ 5,489,969
|
$ 1,182,364
|
(4,055,415)
|
26,984
|
175,851
|
5,489,969
|
$ 1,182,364
|
$ 8,160,185
|
(4,055,415)
|
26,984
|
175,851
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
|
191,949,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net income attributable to Vornado |
759,345
|
|
759,345
|
|
|
824,208
|
|
|
824,208
|
|
|
| Net income attributable to redeemable partnership units |
(64,863)
|
|
|
|
|
(64,863)
|
|
|
(64,863)
|
|
|
| Net loss attributable to nonredeemable noncontrolling interests in consolidated subsidiaries |
(3,987)
|
|
|
|
(3,987)
|
(3,987)
|
|
|
|
|
(3,987)
|
| Distributions to preferred unitholders (see Note 11 for distributions per unit amounts) |
(15,526)
|
|
(15,526)
|
|
|
(15,526)
|
|
|
(15,526)
|
|
|
| Upon redemption of redeemable Class A units, at redemption value (in shares) |
|
|
|
|
|
|
|
92,000
|
|
|
|
| Common shares issued upon redemption of Class A units, at redemption value |
3,427
|
|
|
|
|
3,427
|
|
$ 3,427
|
|
|
|
| Contributions |
620
|
|
|
|
620
|
620
|
|
|
|
|
620
|
| Distributions |
(177)
|
|
|
|
(177)
|
(177)
|
|
|
|
|
(177)
|
| Other comprehensive loss of nonconsolidated subsidiaries |
(3,668)
|
|
|
(3,668)
|
|
(3,668)
|
|
|
|
(3,668)
|
|
| Change in fair value of consolidated interest rate hedges and other |
(15,080)
|
|
|
(15,080)
|
|
(15,080)
|
|
|
|
(15,080)
|
|
| Redeemable Class A unit measurement adjustment |
47,853
|
|
|
2
|
|
47,853
|
|
47,851
|
|
2
|
|
| Operating Partnership |
1,494
|
|
|
1,494
|
|
1,494
|
|
|
|
1,494
|
|
| Consolidated subsidiaries |
0
|
|
|
124
|
(124)
|
0
|
|
|
|
124
|
(124)
|
| Other |
$ (309)
|
|
10
|
1
|
(320)
|
(309)
|
|
|
10
|
1
|
(320)
|
| Ending balance (in shares) at Jun. 30, 2025 |
48,789,180
|
48,789,000
|
|
|
|
|
48,789,000
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 6,263,961
|
$ 1,182,364
|
$ (3,311,586)
|
$ 9,857
|
$ 171,863
|
$ 6,263,961
|
$ 1,182,364
|
$ 8,211,463
|
$ (3,311,586)
|
$ 9,857
|
$ 171,863
|
| Ending balance (in shares) at Jun. 30, 2025 |
192,040,522
|
|
|
|
|
|
|
192,041,000
|
|
|
|