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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES:    
Property rentals $ 557,413 $ 562,252
Tenant expense reimbursements 81,607 89,669
Cleveland Medical Mart development project 55,059 40,699
Fee and other income 33,387 34,263
Total revenues 727,466 726,883
EXPENSES:    
Operating 276,826 286,362
Depreciation and amortization 139,437 129,833
General and administrative 55,890 58,946
Cleveland Medical Mart development project 52,761 38,278
Acquisition related costs and tenant buy-outs 685 18,270
Total expenses 525,599 531,689
Operating income 201,867 195,194
Income from partially owned entities 136,504 129,228
Income from Real Estate Fund (of which $7,933 and ($74), respectively, are attributable to noncontrolling interests) 11,762 1,080
Interest and other investment income, net 15,681 117,108
Interest and debt expense (including amortization of deferred financing costs of $5,867 and $4,633, respectively) (135,169) (134,710)
Net gain on disposition of wholly owned and partially owned assets 0 6,677
Income before income taxes 230,645 314,577
Income tax expense (7,096) (6,382)
Income from continuing operations 223,549 308,195
Income from discontinued operations 56,715 137,626
Net income 280,264 445,821
Less (income) loss attributable to noncontrolling interests (9,597) (1,350)
Less net income attributable to noncontrolling interests in: Operating Partnership, including unit distributions (19,145) (31,808)
Net income attributable to Vornado 251,522 412,663
Preferred share dividends (17,787) (13,448)
NET INCOME attributable to common shareholders 233,735 399,215
INCOME PER COMMON SHARE - BASIC:    
Income from continuing operations, net $ 0.97 $ 1.47
Income from discontinued operations, net $ 0.29 $ 0.70
Net income per common share $ 1.26 $ 2.17
Weighted average shares outstanding 185,370 183,988
INCOME PER COMMON SHARE - DILUTED:    
Income from continuing operations, net $ 0.97 $ 1.45
Income from discontinued operations, net $ 0.28 $ 0.67
Net income per common share $ 1.25 $ 2.12
Weighted average shares outstanding 191,886 191,529
DIVIDENDS PER COMMON SHARE $ 0.69 $ 0.69
Toys R Us [Member]
   
EXPENSES:    
Income from partially owned entities 116,471 112,944
All Equity Method Investees Excluding Toys [Member]
   
EXPENSES:    
Income from partially owned entities $ 20,033 $ 16,284