v3.26.3
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Class A Units
Series A Preferred Stock
Preferred Shares
Preferred Shares
Series A Preferred Stock
Common Shares
Common Shares
Class A Units
Common Shares
Series A Preferred Stock
Additional Capital
Additional Capital
Class A Units
Additional Capital
Series A Preferred Stock
Earnings Less Than Distributions
Accumulated Other Comprehensive (Loss) Income
Non-controlling Interests in Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2024       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           190,847,000                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net (loss) income attributable to Vornado/Vornado Realty L.P. 888,828                     888,828    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (8,131)                         (8,131)
Dividends on preferred shares (see Note 11 for dividends per share amounts) (46,578)                     (46,578)    
Common shares issued:                            
Common shares issued upon redemption of Class A units, at redemption value and Conversion of Series A Preferred shares to common shares (in shares)           1,207,000                
Common shares issued upon redemption of Class A units, at redemption value and Conversion of Series A Preferred shares to common shares 49,129         $ 48     49,081          
Under employees' share option plan (in shares)           1,000                
Under employees’ share option plan 42               42          
Contributions 673                         673
Distributions (188)                         (188)
Other comprehensive income (loss) of nonconsolidated subsidiaries (11,121)                       (11,121)  
Change in fair value of consolidated interest rate hedges and other (48,183)                       (48,183)  
Redeemable Class A unit measurement adjustment 70,160               70,191       (31)  
Operating Partnership 4,780                       4,780  
Consolidated subsidiaries 0                       827 (827)
Other (296)               (1)     (2) 1 (294)
Ending balance (in shares) at Sep. 30, 2025       48,789,000                    
Ending balance at Sep. 30, 2025 6,236,326     $ 1,182,364   $ 7,682     8,172,106     (3,300,001) 3,973 170,202
Ending balance (in shares) at Sep. 30, 2025           192,055,000                
Beginning balance (in shares) at Jun. 30, 2025       48,789,000                    
Beginning balance at Jun. 30, 2025 6,263,961     $ 1,182,364   $ 7,682     8,203,781     (3,311,586) 9,857 171,863
Beginning balance (in shares) at Jun. 30, 2025           192,041,000                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net (loss) income attributable to Vornado/Vornado Realty L.P. 27,115                     27,115    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (1,143)                         (1,143)
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 and Conversion of Series A Preferred shares to common shares (in shares)           14,000                
Common shares issued upon redemption of Class A units, at redemption value and Conversion of Series A Preferred shares to common shares 551               551          
Under employees’ share option plan 6               6          
Distributions (2)                         (2)
Other comprehensive income (loss) of nonconsolidated subsidiaries 130                       130  
Change in fair value of consolidated interest rate hedges and other (7,041)                       (7,041)  
Redeemable Class A unit measurement adjustment (32,228)               (32,231)       3  
Operating Partnership 509                       509  
Consolidated subsidiaries 0                       516 (516)
Other (6)               (1)     (4) (1)  
Ending balance (in shares) at Sep. 30, 2025       48,789,000                    
Ending balance at Sep. 30, 2025 $ 6,236,326     $ 1,182,364   $ 7,682     8,172,106     (3,300,001) 3,973 170,202
Ending balance (in shares) at Sep. 30, 2025           192,055,000                
Beginning balance (in shares) at Dec. 31, 2025 48,788,450     48,788,000                    
Beginning balance at Dec. 31, 2025 $ 6,156,572     $ 1,182,345   $ 7,627     8,288,363     (3,491,603) (5) 169,845
Beginning balance (in shares) at Dec. 31, 2025 190,666,367         190,666,000                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net (loss) income attributable to Vornado/Vornado Realty L.P. $ (6,971)                     (6,971)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 4,610                         4,610
Dividends on preferred shares (see Note 11 for dividends per share amounts) (46,575)                     (46,575)    
Common shares issued:                            
Common shares issued upon redemption of Class A units, at redemption value and Conversion of Series A Preferred shares to common shares (in shares)         (2,000)   823,000 2,000            
Common shares issued upon redemption of Class A units, at redemption value and Conversion of Series A Preferred shares to common shares   $ 25,935 $ 0   $ (28)   $ 33     $ 25,902 $ 28      
Contributions 882                         882
Distributions (1,556)                         (1,556)
Repurchase of common shares (in shares)           (4,533,000)                
Repurchase of common shares (133,396)         $ (181)           (133,215)    
Other comprehensive income (loss) of nonconsolidated subsidiaries 16,641                       16,641  
Change in fair value of consolidated interest rate hedges and other 23,658                       23,658  
Redeemable Class A unit measurement adjustment (16,803)               (16,824)       21  
Operating Partnership (3,292)                       (3,292)  
Consolidated subsidiaries 0                       (132) 132
Other (in shares)       1,000                    
Other $ 168     $ 176   (1)     1     20 (1) (27)
Ending balance (in shares) at Sep. 30, 2026 48,787,338     48,787,000                    
Ending balance at Sep. 30, 2026 $ 6,019,873     $ 1,182,493   $ 7,478     8,297,470     (3,678,344) 36,890 173,886
Ending balance (in shares) at Sep. 30, 2026 186,958,059         186,958,000                
Beginning balance (in shares) at Jun. 30, 2026       48,788,000                    
Beginning balance at Jun. 30, 2026 $ 5,963,284     $ 1,182,505   $ 7,469     8,202,784     (3,631,204) 26,033 175,697
Beginning balance (in shares) at Jun. 30, 2026           186,721,000                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net (loss) income attributable to Vornado/Vornado Realty L.P. (31,613)                     (31,613)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (2,670)                         (2,670)
Dividends on preferred shares (see Note 11 for dividends per share amounts) (15,525)                     (15,525)    
Common shares issued:                            
Common shares issued upon redemption of Class A units, at redemption value and Conversion of Series A Preferred shares to common shares (in shares)         (1,000)   237,000 1,000            
Common shares issued upon redemption of Class A units, at redemption value and Conversion of Series A Preferred shares to common shares   $ 8,948 $ 0   $ (12)   $ 10     $ 8,938 $ 12      
Contributions 882                         882
Distributions (8)                         (8)
Other comprehensive income (loss) of nonconsolidated subsidiaries 7,337                       7,337  
Change in fair value of consolidated interest rate hedges and other 4,977                       4,977  
Redeemable Class A unit measurement adjustment 85,294               85,734       (440)  
Operating Partnership (1,006)                       (1,006)  
Consolidated subsidiaries 0                       (11) 11
Other (in shares)           (1,000)                
Other $ (27)         $ (1)     2     (2)   (26)
Ending balance (in shares) at Sep. 30, 2026 48,787,338     48,787,000                    
Ending balance at Sep. 30, 2026 $ 6,019,873     $ 1,182,493   $ 7,478     $ 8,297,470     $ (3,678,344) $ 36,890 $ 173,886
Ending balance (in shares) at Sep. 30, 2026 186,958,059         186,958,000