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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES:        
Property rentals $ 545,194 $ 517,233 $ 1,079,050 $ 1,026,726
Tenant expense reimbursements 75,659 71,409 152,415 141,906
Cleveland Medical Mart development project 16,990 56,304 29,133 111,363
Fee and other income 48,015 33,037 145,239 66,315
Total revenues 685,858 677,983 1,405,837 1,346,310
EXPENSES:        
Operating 261,080 243,485 520,953 489,462
Depreciation and amortization 135,486 128,372 277,570 259,767
General and administrative 54,323 46,832 108,905 102,122
Cleveland Medical Mart development project 15,151 53,935 26,525 106,696
Acquisition related costs 3,350 2,559 3,951 3,244
Total expenses 469,390 475,183 937,904 961,291
Operating income 216,468 202,800 467,933 385,019
Income from partially owned entities (35,389) (6,627) (12,864) 129,504
Income from Real Estate Fund 34,470 20,301 51,034 32,063
Interest and other investment income (loss), net 26,416 (49,172) (22,658) (33,507)
Interest and debt expense (121,762) (124,320) (243,650) (254,379)
Net gain (loss) on disposition of wholly owned and partially owned assets 1,005 4,856 (35,719) 4,856
Income before income taxes 121,208 47,838 204,076 263,556
Income tax expense (2,877) (7,479) (3,950) (14,304)
Income from continuing operations 118,331 40,359 200,126 249,252
Income from discontinued operations 63,990 17,869 271,122 89,240
Net income 182,321 58,228 471,248 338,492
Less net income attributable to noncontrolling interests in:        
Consolidated subsidiaries (14,930) (14,721) (26,216) (24,318)
Operating Partnership (8,849) (1,337) (22,782) (16,608)
Preferred unit distributions of the Operating Partnership (348) (3,873) (1,134) (7,747)
Net income attributable to Vornado 158,194 38,297 421,116 289,819
Preferred share dividends (20,368) (17,787) (42,070) (35,574)
Preferred unit and share redemptions 8,100 0 (1,130) 0
NET INCOME attributable to common shareholders 145,926 20,510 377,916 254,245
INCOME PER COMMON SHARE - BASIC:        
Income from continuing operations, net (in dollars per share) $ 0.46 $ 0.02 $ 0.65 $ 0.91
Income from discontinued operations, net (in dollars per share) $ 0.32 $ 0.09 $ 1.37 $ 0.46
Net income per common share (in dollars per share) $ 0.78 $ 0.11 $ 2.02 $ 1.37
Weighted average shares outstanding (in shares) 186,931 185,673 186,842 185,521
INCOME PER COMMON SHARE - DILUTED:        
Income from continuing operations, net (in dollars per share) $ 0.46 $ 0.02 $ 0.65 $ 0.91
Income from discontinued operations, net (in dollars per share) $ 0.32 $ 0.09 $ 1.36 $ 0.45
Net income per common share (in dollars per share) $ 0.78 $ 0.11 $ 2.01 $ 1.36
Weighted average shares outstanding (in shares) 187,720 186,342 187,627 186,271
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.73 $ 0.69 $ 1.46 $ 1.38
Toys R Us [Member]
       
EXPENSES:        
Income from partially owned entities (36,861) (19,190) (35,102) 97,281
All Equity Method Investees Excluding Toys [Member]
       
EXPENSES:        
Income from partially owned entities $ 1,472 $ 12,563 $ 22,238 $ 32,223