v3.25.2
Income Per Share and Per Class A Unit (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Basic and Diluted
(Amounts in thousands, except per share amounts)For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
Numerator:
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 shareholders743,819 35,260 830,661 26,226 
Distributions and earnings allocated to unvested participating securities— — — — 
Numerator for basic income per common share743,819 35,260 830,661 26,226 
Impact of assumed conversion of dilutive convertible securities425 — 735 — 
Numerator for diluted income per common share$744,244 $35,260 $831,396 $26,226 
Denominator:
Denominator for basic income per common share - weighted average shares191,984 190,492 191,680 190,460 
Effect of dilutive securities(1):
Share-based payment awards7,740 3,913 7,951 4,058 
Convertible securities1,342 — 1,296 — 
Denominator for diluted income per common share - weighted average shares and assumed conversions201,066 194,405 200,927 194,518 
 INCOME PER COMMON SHARE:
Basic$3.87 $0.19 $4.33 $0.14 
Diluted$3.70 $0.18 $4.14 $0.13 
____________________
(1)For the three and six months ended June 30, 2025, there were no antidilutive potential common share equivalents.
(Amounts in thousands, except per unit amounts)For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
Numerator:
Net income attributable to Vornado Realty L.P.$824,208 $53,989 $934,465 $59,698 
Preferred unit distributions(15,554)(15,557)(31,109)(31,115)
Net income attributable to Class A unitholders808,654 38,432 903,356 28,583 
Distributions and earnings allocated to unvested participating securities(11,272)(494)(12,644)(372)
Numerator for basic income per Class A unit797,382 37,938 890,712 28,211 
Impact of assumed conversion of dilutive convertible securities425 — 735 — 
Numerator for diluted income per Class A unit$797,807 $37,938 $891,447 $28,211 
Denominator:
Denominator for basic income per Class A unit - weighted average units205,809 204,960 205,785 204,917 
Effect of dilutive securities(1):
Unit-based payment awards7,740 3,913 7,951 4,058 
Convertible securities1,342 — 1,296 — 
Denominator for diluted income per Class A unit - weighted average units and assumed conversions214,891 208,873 215,032 208,975 
 INCOME PER CLASS A UNIT:
Basic$3.87 $0.19 $4.33 $0.14 
Diluted$3.71 $0.18 $4.15 $0.13 
____________________
(1)For the three and six months ended June 30, 2025, there were no antidilutive potential Class A unit equivalents.