v3.25.2
Income Per Share and Per Class A Unit - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Numerator:        
Net income attributable to Vornado $ 759,345 $ 50,789 $ 861,713 $ 57,284
Preferred share dividends/unit distributions (15,526) (15,529) (31,052) (31,058)
Net income attributable to common shareholders/Class A unitholders 743,819 35,260 830,661 26,226
Distributions and earnings allocated to unvested participating securities 0 0 0 0
Numerator for basic income per common share/Class A unit 743,819 35,260 830,661 26,226
Impact of assumed conversion of dilutive convertible securities 425 0 735 0
Numerator for diluted income per common share/Class A unit $ 744,244 $ 35,260 $ 831,396 $ 26,226
Denominator:        
Denominator for basic income per common share - weighted average shares (in shares) 191,984 190,492 191,680 190,460
Effect of dilutive securities:        
Share-based and Unit-based payment awards (in shares) 7,740 3,913 7,951 4,058
Convertible securities (in shares) 1,342 0 1,296 0
Denominator for diluted income per common share - weighted average shares and assumed conversions (in shares) 201,066 194,405 200,927 194,518
INCOME PER COMMON SHARE/CLASS A UNIT:        
Basic (in dollars per share) $ 3.87 $ 0.19 $ 4.33 $ 0.14
Diluted (in dollars per share) $ 3.70 $ 0.18 $ 4.14 $ 0.13
Vornado Realty L.P.        
Numerator:        
Net income attributable to Vornado $ 824,208 $ 53,989 $ 934,465 $ 59,698
Preferred share dividends/unit distributions (15,554) (15,557) (31,109) (31,115)
Net income attributable to common shareholders/Class A unitholders 808,654 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 common share/Class A unit 797,382 37,938 890,712 28,211
Impact of assumed conversion of dilutive convertible securities 425 0 735 0
Numerator for diluted income per common share/Class A unit $ 797,807 $ 37,938 $ 891,447 $ 28,211
Denominator:        
Denominator for basic income per Class A unit - weighted average shares (in shares) 205,809 204,960 205,785 204,917
Effect of dilutive securities:        
Share-based and Unit-based payment awards (in shares) 7,740 3,913 7,951 4,058
Convertible securities (in shares) 1,342 0 1,296 0
Denominator for diluted income per Class A unit - weighted average shares and assumed conversions (in shares) 214,891 208,873 215,032 208,975
INCOME PER COMMON SHARE/CLASS A UNIT:        
Basic (in dollars per unit) $ 3.87 $ 0.19 $ 4.33 $ 0.14
Diluted (in dollars per unit) $ 3.71 $ 0.18 $ 4.15 $ 0.13