v3.25.2
Shareholders' Equity/Partners' Capital (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Common and Preferred Shares/Units
The following table sets forth the details of our dividends/distributions per common share/Class A unit and dividends/distributions per share/unit for each class of preferred shares/units of beneficial interest.
(Per share/unit)For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
Common shares/Class A units held by Vornado: authorized 250,000,000 shares/units
$— $— $— $— 
Preferred shares/units(1):
Convertible preferred:  
6.5% Series A: authorized 9,180 shares/units(2)
0.8125 0.8125 1.6250 1.6250 
Cumulative redeemable preferred(3):
   
5.40% Series L: authorized 13,800,000 shares/units
0.3375 0.3375 0.6750 0.6750 
5.25% Series M: authorized 13,800,000 shares/units
0.3281 0.3281 0.6562 0.6562 
5.25% Series N: authorized 12,000,000 shares/units
0.3281 0.3281 0.6562 0.6562 
4.45% Series O: authorized 12,000,000 shares/units
0.2781 0.2781 0.5562 0.5562 
____________________
(1)Preferred share dividends/preferred unit distributions 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)Series L and Series M preferred shares/units are 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. Series N preferred shares/units are redeemable commencing November 2025 and Series O preferred shares/units are redeemable commencing September 2026, each at a redemption price of $25.00 per share/unit.