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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
Property rentals $ 2,076,586 $ 1,911,487 $ 1,880,405
Tenant expense reimbursements 260,976 245,819 226,831
Cleveland Medical Mart development project 0 0 36,369
Fee and other income 164,705 155,206 155,571
Total revenues 2,502,267 2,312,512 2,299,176
EXPENSES:      
Operating 1,011,249 953,611 928,565
Depreciation and amortization 542,952 481,303 461,627
General and administrative 175,307 169,270 177,366
Cleveland Medical Mart development project 0 0 32,210
Acquisition and transaction related costs 12,511 18,435 24,857
Total expenses 1,742,019 1,622,619 1,624,625
Operating income 760,248 689,893 674,551
Income from real estate fund investments 74,081 163,034 102,898
Loss from partially owned entities (12,630) (59,861) (340,882)
Interest and other investment income (loss), net 26,978 38,752 (24,887)
Interest and debt expense (378,025) (412,755) (425,782)
Net gain on disposition of wholly owned and partially owned assets 251,821 13,568 2,030
Income (loss) before income taxes 722,473 432,631 (12,072)
Income tax benefit (expense) 84,695 (9,281) 8,717
Income (loss) from continuing operations 807,168 423,350 (3,355)
Income from discontinued operations 52,262 585,676 568,095
Net income 859,430 1,009,026 564,740
Less net income attributable to noncontrolling interests in consolidated subsidiaries (55,765) (96,561) (63,952)
Net income attributable to Vornado Realty L.P. 803,665 912,465 500,788
Preferred unit distributions (80,736) (81,514) (83,965)
Preferred unit redemptions 0 0 (1,130)
NET INCOME attributable to Class A unitholders $ 722,929 $ 830,951 $ 415,693
INCOME (LOSS) PER CLASS A UNIT - BASIC:      
Income (loss) from continuing operations, net (in dollars per unit) $ 3.35 $ 1.22 $ (0.79)
Income from discontinued operations, net (in dollars per unit) 0.26 2.95 2.88
Net income per Class A unit (in dollars per unit) $ 3.61 $ 4.17 $ 2.09
Weighted average units outstanding (in units) 199,309 198,213 197,551
INCOME (LOSS) PER CLASS A UNIT - DILUTED:      
Income (loss) from continuing operations, net (in dollars per unit) $ 3.31 $ 1.21 $ (0.78)
Income from discontinued operations, net (in dollars per unit) 0.26 2.93 2.86
Net income per Class A unit (in dollars per unit) $ 3.57 $ 4.14 $ 2.08
Weighted average units outstanding (in units) 201,158 199,813 198,643