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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES:        
Property rentals $ 532,691 $ 511,561 $ 1,609,442 $ 1,536,216
Tenant expense reimbursements 84,638 79,215 236,580 220,679
Cleveland Medical Mart development project 4,893 72,651 34,026 184,014
Fee and other income 61,158 39,625 206,330 105,889
Total revenues 683,380 703,052 2,086,378 2,046,798
EXPENSES:        
Operating 264,422 261,512 784,031 749,213
Depreciation and amortization 124,079 122,241 400,952 381,270
General and administrative 48,250 48,456 157,155 150,578
Cleveland Medical Mart development project 3,239 70,431 29,764 177,127
Acquisition related costs 2,818 1,070 6,769 4,314
Total expenses 442,808 503,710 1,378,671 1,462,502
Operating income 240,572 199,342 707,707 584,296
Income from partially owned entities (32,756) 12,683 (45,620) 142,187
Income from Real Estate Fund 22,913 5,509 73,947 37,572
Interest and other investment (loss) income, net (10,275) 10,523 (32,933) (22,984)
Interest and debt expense (119,870) (119,330) (363,128) (373,257)
Net gain (loss) on disposition of wholly owned and partially owned assets 15,138 0 (20,581) 4,856
Income before income taxes 115,722 108,727 319,392 372,670
Income tax expense (2,222) (3,015) (6,172) (17,319)
Income from continuing operations 113,500 105,712 313,220 355,351
Income from discontinued operations 18,751 158,444 290,279 247,297
Net income 132,251 264,156 603,499 602,648
Less net income attributable to noncontrolling interests in:        
Consolidated subsidiaries (23,833) (6,610) (50,049) (30,928)
Operating Partnership (5,032) (14,837) (27,814) (31,445)
Preferred unit distributions of the Operating Partnership (12) (1,403) (1,146) (9,150)
Net income attributable to Vornado 103,374 241,306 524,490 531,125
Preferred share dividends (20,369) (20,613) (62,439) (56,187)
Preferred unit and share redemptions 0 11,700 (1,130) 11,700
NET INCOME attributable to common shareholders 83,005 232,393 460,921 486,638
INCOME PER COMMON SHARE - BASIC:        
Income from continuing operations, net (in dollars per share) $ 0.36 $ 0.45 $ 1.02 $ 1.36
Income from discontinued operations, net (in dollars per share) $ 0.08 $ 0.80 $ 1.45 $ 1.26
Net income per common share (in dollars per share) $ 0.44 $ 1.25 $ 2.47 $ 2.62
Weighted average shares outstanding (in shares) 186,969 185,924 186,885 185,656
INCOME PER COMMON SHARE - DILUTED:        
Income from continuing operations, net (in dollars per share) $ 0.36 $ 0.44 $ 1.01 $ 1.36
Income from discontinued operations, net (in dollars per share) $ 0.08 $ 0.80 $ 1.45 $ 1.25
Net income per common share (in dollars per share) $ 0.44 $ 1.24 $ 2.46 $ 2.61
Weighted average shares outstanding (in shares) 187,724 186,655 187,679 186,399
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.73 $ 0.69 $ 2.19 $ 2.07
Toys R Us [Member]
       
EXPENSES:        
Income from partially owned entities (34,209) (8,585) (69,311) 88,696
All Equity Method Investees Excluding Toys [Member]
       
EXPENSES:        
Income from partially owned entities $ 1,453 $ 21,268 $ 23,691 $ 53,491