CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| REVENUES: | ||||
| Total revenues | $ 441,437 | $ 450,266 | $ 903,016 | $ 886,641 |
| EXPENSES: | ||||
| Operating | (219,348) | (229,380) | (444,088) | (455,604) |
| Depreciation and amortization | (115,574) | (109,774) | (231,729) | (218,433) |
| General and administrative | (39,978) | (38,475) | (78,575) | (76,372) |
| Expense from deferred compensation plan liability | (3,123) | (1,398) | (2,034) | (5,918) |
| Transaction related costs and other | (721) | (3,361) | (764) | (4,014) |
| Total expenses | (378,744) | (382,388) | (757,190) | (760,341) |
| Income from partially owned entities | 16,671 | 47,949 | 113,648 | 64,228 |
| Interest and other investment income, net | 11,056 | 10,511 | 19,317 | 22,235 |
| Income from deferred compensation plan assets | 3,123 | 1,398 | 2,034 | 5,918 |
| Interest and debt expense | (87,929) | (98,401) | (183,745) | (188,879) |
| Gain on sales-type lease | 803,248 | 0 | 803,248 | 0 |
| Net gains on disposition of wholly owned and partially owned assets | 8,488 | 16,048 | 24,039 | 16,048 |
| Income before income taxes | 817,350 | 45,383 | 924,367 | 45,850 |
| Income tax expense | (4,123) | (5,284) | (11,316) | (12,024) |
| Net income | 813,227 | 40,099 | 913,051 | 33,826 |
| Less net loss (income) attributable to noncontrolling interests in: | ||||
| Consolidated subsidiaries | 10,981 | 13,890 | 21,414 | 25,872 |
| Operating Partnership | (64,863) | (3,200) | (72,752) | (2,414) |
| Net income attributable to Vornado | 759,345 | 50,789 | 861,713 | 57,284 |
| Preferred share dividends | (15,526) | (15,529) | (31,052) | (31,058) |
| NET INCOME attributable to common shareholders | $ 743,819 | $ 35,260 | $ 830,661 | $ 26,226 |
| INCOME PER COMMON SHARE - BASIC: | ||||
| Net income per common share (in dollars per share) | $ 3.87 | $ 0.19 | $ 4.33 | $ 0.14 |
| Weighted average shares outstanding (in shares) | 191,984 | 190,492 | 191,680 | 190,460 |
| INCOME PER COMMON SHARE - DILUTED: | ||||
| Net income per common share (in dollars per share) | $ 3.70 | $ 0.18 | $ 4.14 | $ 0.13 |
| Weighted average shares outstanding (in shares) | 201,066 | 194,405 | 200,927 | 194,518 |
| Rental revenues | ||||
| REVENUES: | ||||
| Total revenues | $ 382,252 | $ 393,595 | $ 787,007 | $ 782,873 |
| Fee and other income | ||||
| REVENUES: | ||||
| Total revenues | $ 59,185 | $ 56,671 | $ 116,009 | $ 103,768 |
| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) attributable to nonredeemable noncontrolling shareholder, unit holder, partner, or other equity holder of a joint venture. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of restructuring charges, remediation cost, and asset impairment loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Gain Loss of investments in deferred compensation plan No definition available.
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- Definition Income (Loss) From Equity Method Investments, Including Fees Earned No definition available.
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- Definition This element represents interest and other investment loss income net of tax including impairment losses, mark-to-market adjustments for derivatives or mark-to-market investments in deferred compensation. No definition available.
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- Definition Mark-to-market Expense (Benefit) of Investments in Deferred Compensation Plan No definition available.
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- Definition Sales-Type Lease, Derecognized Assets, Gain (Loss) No definition available.
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