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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:                      
Property rentals                 $ 2,085,582 $ 2,114,255 $ 2,093,475
Tenant expense reimbursements                 301,092 314,752 317,777
Cleveland Medical Mart development project                 235,234 154,080 0
Fee and other income                 144,549 149,749 146,955
Total revenues 697,654 710,538 683,985 674,280 689,959 689,190 679,084 674,603 2,766,457 2,732,836 2,558,207
EXPENSES:                      
Operating                 1,021,719 995,586 983,424
Depreciation and amortization                 517,811 524,550 494,898
General and administrative                 201,894 208,008 211,399
Cleveland Medical Mart development project                 226,619 145,824 0
Impairment losses, acquisition related costs and tenant buy-outs                 120,786 35,299 109,458
Total expenses                 2,088,829 1,909,267 1,799,179
Operating income                 677,628 823,569 759,028
Income from partially owned entities                 423,126 118,612 92,493
Income (loss) from Real Estate Fund                 63,936 22,886 (303)
Interest and other investment (loss) income, net                 (260,945) 148,784 235,267
Interest and debt expense                 (500,361) (526,175) (539,370)
Net gain on extinguishment of debt                 0 0 94,789
Net gain on disposition of wholly owned and partially owned assets                 13,347 15,134 81,432
Income before income taxes                 416,731 602,810 723,336
Income tax expense                 (8,132) (23,925) (22,137)
Income from continuing operations                 408,599 578,885 701,199
Income from discontinued operations                 285,942 161,115 6,832
Net income                 694,541 740,000 708,031
Less net income attributable to noncontrolling interests in:                      
Consolidated subsidiaries                 (32,018) (21,786) (4,920)
Operating Partnership                 (35,327) (41,059) (44,033)
Preferred unit distributions of the Operating Partnership                 (9,936) (14,853) (11,195)
Net income attributable to Vornado                 617,260 662,302 647,883
Preferred share dividends                 (76,937) (65,531) (55,534)
Discount on preferred share and unit redemptions                 8,948 5,000 4,382
NET INCOME attributable to common shareholders 62,633 232,393 20,510 233,735 69,508 41,135 91,913 399,215 549,271 601,771 596,731
INCOME PER COMMON SHARE - BASIC:                      
Income from continuing operations, net (in dollars per share)                 $ 1.50 $ 2.44 $ 3.24
Income from discontinued operations, net (in dollars per share)                 $ 1.45 $ 0.82 $ 0.03
Net income per common share (in dollars per share) $ 0.34 $ 1.25 $ 0.11 $ 1.26 $ 0.38 $ 0.22 $ 0.50 $ 2.17 $ 2.95 $ 3.26 $ 3.27
Weighted average shares outstanding                 185,810 184,308 182,340
INCOME PER COMMON SHARE - DILUTED:                      
Income from continuing operations, net (in dollars per share)                 $ 1.49 $ 2.42 $ 3.21
Income from discontinued operations, net (in dollars per share)                 $ 1.45 $ 0.81 $ 0.03
Net income per common share $ 0.33 $ 1.24 $ 0.11 $ 1.25 $ 0.37 $ 0.22 $ 0.49 $ 2.12 $ 2.94 $ 3.23 $ 3.24
Weighted average shares outstanding                 186,530 186,021 184,159
Toys R Us [Member]
                     
EXPENSES:                      
Income from partially owned entities                 14,859 48,540 71,624
All Equity Method Investees Excluding Toys [Member]
                     
EXPENSES:                      
Income from partially owned entities                 $ 408,267 $ 70,072 $ 20,869