XML 49 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Redeemable Noncontrolling Interests (Tables)
12 Months Ended
Dec. 31, 2012
Redeemable Noncontrolling Interests Tables [Abstract]  
Operating Partnership Units Held By Third Parties
                  
(Amounts in thousands, except units and              Preferred or
per unit amounts) Balance as of  Units Outstanding at Per Unit Annual
   December 31, December 31, Liquidation Distribution
Unit Series 2012  2011 2012 2011 Preference Rate
Common:                
 Class A  $ 898,152 $ 934,677  11,215,682  12,160,771  N/A $2.76
                  
Perpetual Preferred: (1)                
 6.875% D-15 Cumulative Redeemable  $ 45,000 $ 45,000  1,800,000  1,800,000 $ 25.00 $ 1.71875
 5.00% D-16 Cumulative Redeemable    1,000   1,000  1  1 $ 1,000,000.00 $ 50,000.00
 7.00% D-10 Cumulative Redeemable(2)   -   80,000  -  3,200,000 $ 25.00 $ 1.75
 6.75% D-14 Cumulative Redeemable(2)   -   100,000  -  4,000,000 $ 25.00 $ 1.6875
   $ 46,000 $ 226,000  1,800,001  9,000,001      
    
                  
(1)Holders may tender units for redemption to the Operating Partnership for cash at their stated redemption amount; we, at our option, may assume that obligation and pay the holders either cash or Vornado preferred shares on a one-for-one basis. These units are redeemable at our option at any time.
(2)On July 19, 2012, we redeemed all of the outstanding 7.0% Series D-10 and 6.75% Series D-14 cumulative redeemable preferred units with an aggregate face amount of $180,000 for $168,300 in cash, plus accrued and unpaid distributions through the date of redemption.
Summary Of Activity Of Redeemable Noncontrolling Interests
 (Amounts in thousands)   
 Balance at December 31, 2010$ 1,327,974 
 Net income  55,912 
 Distributions  (50,865) 
 Conversion of Class A units into common shares, at redemption value  (64,830) 
 Adjustment to carry redeemable Class A units at redemption value  (98,092) 
 Redemption of Series D-11 redeemable units  (28,000) 
 Other, net  18,578 
 Balance at December 31, 2011  1,160,677 
 Net income  45,263 
 Distributions  (54,315) 
 Conversion of Class A units into common shares, at redemption value  (89,762) 
 Adjustment to carry redeemable Class A units at redemption value  52,117 
 Redemption of Series D-10 and Series D-14 redeemable units  (168,300) 
 Other, net  (1,528) 
 Balance at December 31, 2012$ 944,152