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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES:    
Property rentals$ 561,149$ 559,518$ 1,688,551$ 1,661,967
Tenant expense reimbursements94,05395,341264,857271,040
Cleveland Medical Mart development project35,1350108,2030
Fee and other income37,00632,266112,239104,838
Total Revenues727,343687,1252,173,8502,037,845
EXPENSES:    
Operating285,659275,077841,266802,927
Depreciation and amortization134,074130,599393,846393,259
General and administrative46,45255,200155,566153,231
Cleveland Medical Mart development project33,4190101,6370
Tenant buy-outs and other acquisition related costs2,28892122,4552,851
Total expenses501,892461,7971,514,7701,352,268
Operating income225,451225,328659,080685,577
Income (loss) from partially owned entities4,248(4,553)137,033116,109
Income (loss) from Real Estate Fund (of which $3,675 and $1,091 is attributable to noncontrolling interests, in each three-month period, respectively, and $15,703 and $1,091 in each nine-month period, respectively)5,353(1,410)25,491(1,410)
Interest and other investment (loss) income, net(29,994)47,09695,12165,676
Interest and debt expense (including amortization of deferred financing costs of $4,828 and $5,170 in each three-month period, respectively, and $14,696 and $14,085 in each nine-month period, respectively)(136,672)(145,561)(408,532)(423,354)
Net (loss) on extinguishment of debt0(724)0(1,796)
Net gain on disposition of wholly owned and partially owned assets1,2985,0727,97512,759
Income before income taxes69,684125,248516,168453,561
Income tax expense(7,144)(5,449)(19,448)(15,993)
Income from continuing operations62,540119,799496,720437,568
Income (loss) from discontinued operations3,683(3,667)146,293(11,681)
Net income66,223116,132643,013425,887
Net (income) loss attributable to noncontrolling interests in consolidated subsidiaries(5,636)(296)(20,643)(1,490)
Net income attributable to noncontrolling interests in the Operating Partnership, including unit distributions(6,825)(11,584)(47,364)(33,487)
Net income attributable to Vornado53,762104,252575,006390,910
Preferred share dividends(17,627)(13,442)(47,743)(41,975)
Discount on preferred share and unit redemptions5,0004,3825,0004,382
NET INCOME attributable to common shareholders41,13595,192532,263353,317
INCOME PER COMMON SHARE - BASIC:    
Income from continuing operations, net$ 0.20$ 0.54$ 2.14$ 2.00
Income (loss) from discontinued operations, net$ 0.02$ (0.02)$ 0.75$ (0.06)
Net income per common share$ 0.22$ 0.52$ 2.89$ 1.94
Weighted average shares184,398182,462184,220182,014
INCOME PER COMMON SHARE - DILUTED:    
Income from continuing operations, net$ 0.20$ 0.54$ 2.12$ 1.98
Income (loss) from discontinued operations, net$ 0.02$ (0.02)$ 0.74$ (0.06)
Net income per common share$ 0.22$ 0.52$ 2.86$ 1.92
Weighted average shares186,065184,168186,039183,826
DIVIDENDS PER COMMON SHARE$ 0.69$ 0.65$ 2.07$ 1.95
Toys R Us [Member]
    
EXPENSES:    
Income (loss) from partially owned entities(9,304)(2,557)80,794102,309
All Equity Method Investees Excluding Toys [Member]
    
EXPENSES:    
Income (loss) from partially owned entities$ 13,552$ (1,996)$ 56,239$ 13,800