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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES:        
Property rentals $ 538,168 $ 521,433 $ 1,606,120 $ 1,589,038
Tenant expense reimbursements 86,330 81,814 248,964 229,938
Cleveland Medical Mart development project 0 4,893 0 34,026
Fee and other income 46,411 60,849 142,618 205,523
Total revenues 670,909 668,989 1,997,702 2,058,525
EXPENSES:        
Operating 268,450 261,776 802,505 785,992
Depreciation and amortization 130,208 122,119 406,868 394,579
General and administrative 44,547 44,186 141,273 145,871
Cleveland Medical Mart development project 0 3,239 0 29,764
Impairment losses, acquisition and transaction related costs 7,105 2,818 32,972 6,769
Total expenses 450,310 434,138 1,383,618 1,362,975
Operating income 220,599 234,851 614,084 695,550
(Loss) income from partially owned entities (25,663) (32,756) (77,426) (45,620)
Income from Real Estate Fund 24,160 22,913 142,418 73,947
Interest and other investment income (loss), net 7,602 (10,275) 28,930 (32,935)
Interest and debt expense (115,120) (119,676) (341,613) (360,679)
Net gain (loss) on disposition of wholly owned and partially owned assets 2,665 15,138 13,205 (20,581)
Income before income taxes 114,243 110,195 379,598 309,682
Income tax expense (3,177) (2,222) (8,358) (6,172)
Income from continuing operations 111,066 107,973 371,240 303,510
Income from discontinued operations 58,131 24,278 61,800 299,989
Net income 169,197 132,251 433,040 603,499
Less net income attributable to noncontrolling interests in:        
Consolidated subsidiaries (9,685) (23,833) (85,239) (50,049)
Operating Partnership (7,975) (5,032) (16,514) (27,814)
Preferred unit distributions of the Operating Partnership (13) (12) (38) (1,146)
Net income attributable to Vornado 151,524 103,374 331,249 524,490
Preferred share dividends (20,365) (20,369) (61,099) (62,439)
Preferred unit and share redemptions 0 0 0 (1,130)
NET INCOME attributable to common shareholders 131,159 83,005 270,150 460,921
INCOME PER COMMON SHARE - BASIC:        
Income from continuing operations, net (in dollars per share) $ 0.41 $ 0.33 $ 1.13 $ 0.97
Income from discontinued operations, net (in dollars per share) $ 0.29 $ 0.11 $ 0.31 $ 1.50
Net income per common share (in dollars per share) $ 0.70 $ 0.44 $ 1.44 $ 2.47
Weighted average shares outstanding 187,671 186,969 187,503 186,885
INCOME PER COMMON SHARE - DILUTED:        
Income from continuing operations, net (in dollars per share) $ 0.40 $ 0.33 $ 1.12 $ 0.96
Income from discontinued operations, net (in dollars per share) $ 0.29 $ 0.11 $ 0.31 $ 1.50
Net income per common share (in dollars per share) $ 0.69 $ 0.44 $ 1.43 $ 2.46
Weighted average shares outstanding 188,812 187,724 188,592 187,679
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.73 $ 0.73 $ 2.19 $ 2.19
Toys R Us [Member]
       
EXPENSES:        
(Loss) income from partially owned entities (18,418) (34,209) (74,162) (69,311)
All Equity Method Investees Excluding Toys [Member]
       
EXPENSES:        
(Loss) income from partially owned entities $ (7,245) $ 1,453 $ (3,264) $ 23,691