v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Preferred Shares
Common Shares
Additional Capital
Earnings Less Than Distributions
Accumulated Other Comprehensive Income
Non-controlling Interests in Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2023   48,793,000          
Beginning balance at Dec. 31, 2023 $ 5,705,286 $ 1,182,459 $ 7,594 $ 8,263,291 $ (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    
Net loss attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (9,982)           (9,982)
Dividends on preferred shares (see Note 11 for dividends per share amounts) (31,058)       (31,058)    
Common shares issued:              
Common shares issued upon redemption of Class A units, at redemption value (in shares)     115,000        
Common shares issued upon redemption of Class A units, at redemption value 3,040   $ 5 3,035      
Contributions 1,758           1,758
Distributions (185)           (185)
Other comprehensive loss of nonconsolidated subsidiaries (2,227)         (2,227)  
Change in fair value of consolidated interest rate hedges and other 49,401         49,401  
Redeemable Class A unit measurement adjustment 48,143     48,186   (43)  
Operating Partnership (3,582)         (3,582)  
Consolidated subsidiaries 0         (3,885) 3,885
Other (in shares)     (1,000)        
Other 121   $ 0 145 (25)   1
Ending balance (in shares) at Jun. 30, 2024   48,793,000          
Ending balance at Jun. 30, 2024 5,817,999 $ 1,182,459 $ 7,599 8,314,657 (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          
Beginning balance at Mar. 31, 2024 5,734,168 $ 1,182,459 $ 7,598 8,261,568 (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    
Net loss attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (5,487)           (5,487)
Dividends on preferred shares (see Note 11 for dividends per share amounts) (15,529)       (15,529)    
Common shares issued:              
Common shares issued upon redemption of Class A units, at redemption value (in shares)     22,000        
Common shares issued upon redemption of Class A units, at redemption value 551   $ 1 550      
Contributions 1,488           1,488
Distributions (107)           (107)
Other comprehensive loss of nonconsolidated subsidiaries (1,685)         (1,685)  
Change in fair value of consolidated interest rate hedges and other 1,192         1,192  
Redeemable Class A unit measurement adjustment 52,518     52,539   (21)  
Operating Partnership 100         100  
Consolidated subsidiaries 0         (723) 723
Other (in shares)     0        
Other 1   $ 0 0 0   1
Ending balance (in shares) at Jun. 30, 2024   48,793,000          
Ending balance at Jun. 30, 2024 $ 5,817,999 $ 1,182,459 $ 7,599 8,314,657 (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          
Beginning balance at Dec. 31, 2024 $ 5,337,211 $ 1,182,364 $ 7,634 8,052,793 (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    
Net loss attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (6,988)           (6,988)
Dividends on preferred shares (see Note 11 for dividends per share amounts) (31,052)       (31,052)    
Common shares issued:              
Common shares issued upon redemption of 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 48,530      
Under employees’ share option plan (in shares)     1,000        
Under employees’ share option plan 36     36      
Contributions 673           673
Distributions (186)           (186)
Other comprehensive loss of nonconsolidated subsidiaries (11,251)         (11,251)  
Change in fair value of consolidated interest rate hedges and other (41,142)         (41,142)  
Redeemable Class A unit measurement adjustment 102,388     102,422   (34)  
Operating Partnership 4,271         4,271  
Consolidated subsidiaries 0         311 (311)
Other $ (290)       2 2 (294)
Ending balance (in shares) at Jun. 30, 2025 48,789,180 48,789,000          
Ending balance at Jun. 30, 2025 $ 6,263,961 $ 1,182,364 $ 7,682 8,203,781 (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          
Beginning balance at Mar. 31, 2025 $ 5,489,969 $ 1,182,364 $ 7,678 8,152,507 (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    
Net loss attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (3,987)           (3,987)
Dividends on preferred shares (see Note 11 for dividends per share amounts) (15,526)       (15,526)    
Common shares issued:              
Common shares issued upon redemption of Class A units, at redemption value (in shares)     92,000        
Common shares issued upon redemption of Class A units, at redemption value 3,427   $ 4 3,423      
Contributions 620           620
Distributions (177)           (177)
Other comprehensive loss of nonconsolidated subsidiaries (3,668)         (3,668)  
Change in fair value of consolidated interest rate hedges and other (15,080)         (15,080)  
Redeemable Class A unit measurement adjustment 47,853     47,851   2  
Operating Partnership 1,494         1,494  
Consolidated subsidiaries 0         124 (124)
Other $ (309)       10 1 (320)
Ending balance (in shares) at Jun. 30, 2025 48,789,180 48,789,000          
Ending balance at Jun. 30, 2025 $ 6,263,961 $ 1,182,364 $ 7,682 $ 8,203,781 $ (3,311,586) $ 9,857 $ 171,863
Ending balance (in shares) at Jun. 30, 2025 192,040,522   192,041,000