SEC Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2015

Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III Real Estate and Accumulated Depreciation

VORNADO REALTY TRUST
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)
COLUMN A				COLUMN B			COLUMN C				COLUMN D		COLUMN E						COLUMN F	COLUMN G	COLUMN H		COLUMN I
													Gross amount at which										Life on which
						Initial cost to company (1)							carried at close of period										depreciation
											Costs							Accumulated					in latest
								Building			capitalized			Buildings				depreciation					income
								and			subsequent			and				and		Date of		Date	statement
				Encumbrances (2)		Land		improvements			to acquisition		Land	improvements		Total (3)		amortization		construction (4)		acquired	is computed
	New York
		New York
			Manhattan
			1290 Avenue of the Americas	$	950,000	$	515,539	$	923,653	$	156,868	$	515,540	$	1,080,520	$	1,596,060	$	233,742	1963		2007	(5)
			697-703 Fifth Avenue (St. Regis - retail)		450,000		152,825		584,230		-		152,825		584,230		737,055		17,197			2014	(5)
			350 Park Avenue		289,242		265,889		363,381		45,811		265,889		409,192		675,081		94,115	1960		2006	(5)
			666 Fifth Avenue (Retail Condo)		390,000		189,005		471,072		-		189,005		471,072		660,077		37,030			2012	(5)
			One Penn Plaza		-		-		412,169		200,348		-		612,517		612,517		261,693	1972		1998	(5)
			100 West 33rd Street		398,402		242,776		247,970		31,934		242,776		279,904		522,680		61,476	1911		2007	(5)
			150 West 34th Street		205,000		119,657		268,509		1		119,658		268,509		388,167		3,916	1900		2015	(5)
			1535 Broadway (Marriott Marquis)		-		-		249,285		137,101		-		386,386		386,386		4,796			2012	(5)
			1540 Broadway		-		110,000		223,122		26,714		110,001		249,835		359,836		43,592			2006	(5)
			655 Fifth Avenue		140,000		102,594		231,903		-		102,594		231,903		334,497		13,149			2013	(5)
			Two Penn Plaza		575,000		53,615		164,903		98,098		52,689		263,927		316,616		133,450	1968		1997	(5)
			90 Park Avenue		-		8,000		175,890		96,269		8,000		272,159		280,159		98,331	1964		1997	(5)
			Manhattan Mall		181,598		88,595		113,473		71,400		88,595		184,873		273,468		48,993	2009		2007	(5)
			770 Broadway		353,000		52,898		95,686		97,290		52,898		192,976		245,874		75,613	1907		1998	(5)
			888 Seventh Avenue		375,000		-		117,269		115,848		-		233,117		233,117		97,680	1980		1998	(5)
			909 Third Avenue		350,000		-		120,723		80,715		-		201,438		201,438		76,663	1969		1999	(5)
			Eleven Penn Plaza		450,000		40,333		85,259		72,995		40,333		158,254		198,587		60,765	1923		1997	(5)
			7 West 34th Street		-		-		-		182,067		34,614		147,453		182,067		62,011	1901		2000	(5)
			640 Fifth Avenue		-		38,224		25,992		102,472		38,224		128,464		166,688		41,282	1950		1997	(5)
			150 East 58th Street		-		39,303		80,216		40,870		39,303		121,086		160,389		50,879	1969		1998	(5)
			595 Madison Avenue		-		62,731		62,888		26,218		62,731		89,106		151,837		33,566	1968		1999	(5)
			828-850 Madison Avenue		80,000		107,937		28,261		10		107,937		28,271		136,208		7,538			2005	(5)
			33-00 Northern Boulevard		61,759		46,505		86,226		-		46,505		86,226		132,731		2,189	1915		2015	(5)
			330 West 34th Street		-		-		8,599		111,810		-		120,409		120,409		6,530	1925		1998	(5)
			715 Lexington Avenue		-		-		26,903		63,002		63,000		26,905		89,905		7,243	1923		2001	(5)
			478-486 Broadway		-		30,000		20,063		33,827		30,000		53,890		83,890		9,610	2009		2007	(5)
			4 Union Square South		117,904		24,079		55,220		2,610		24,080		57,829		81,909		16,392	1965/2004		1993	(5)
			260 Eleventh Avenue		-		-		80,482		10		-		80,492		80,492		943	1911		2015	(5)
			510 Fifth Avenue		-		34,602		18,728		19,227		34,602		37,955		72,557		5,820			2010	(5)
			40 Fulton Street		-		15,732		26,388		15,153		15,732		41,541		57,273		16,888	1987		1998	(5)
			689 Fifth Avenue		-		19,721		13,446		22,809		19,721		36,255		55,976		9,492	1925		1998	(5)
			443 Broadway		-		11,187		41,186		-		11,187		41,186		52,373		2,693			2013	(5)
			40 East 66th Street		-		13,616		34,635		142		13,616		34,777		48,393		8,739			2005	(5)
			155 Spring Street		-		13,700		30,544		2,582		13,700		33,126		46,826		7,527			2007	(5)

VORNADO REALTY TRUST
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)
COLUMN A						COLUMN B		COLUMN C				COLUMN D		COLUMN E						COLUMN F	COLUMN G	COLUMN H	COLUMN I
														Gross amount at which									Life on which
							Initial cost to company (1)							carried at close of period									depreciation
												Costs							Accumulated				in latest
									Building			capitalized			Buildings				depreciation				income
									and			subsequent			and				and		Date of	Date	statement
Description					Encumbrances (2)		Land		improvements			to acquisition		Land	improvements		Total (3)		amortization		construction (4)	acquired	is computed
			435 Seventh Avenue		$	98,000	$	19,893	$	19,091	$	37	$	19,893	$	19,128	$	39,021	$	6,449	2002	1997	(5)
			3040 M Street			-		7,830		27,490		3,256		7,830		30,746		38,576		7,960		2006	(5)
			608 Fifth Avenue			-		-		-		33,906		-		33,906		33,906		3,601	1932	2012	(5)
			692 Broadway			-		6,053		22,908		3,540		6,053		26,448		32,501		6,895		2005	(5)
			265 West 34th Street			-		28,500		-		-		28,500		-		28,500		-	1920	2015	(5)
			677-679 Madison Avenue			-		13,070		9,640		388		13,070		10,028		23,098		2,401		2006	(5)
			1131 Third Avenue			-		7,844		7,844		5,198		7,844		13,042		20,886		719		1997	(5)
			431 Seventh Avenue			-		16,700		2,751		-		16,700		2,751		19,451		602		2007	(5)
			138-142 West 32nd Street			-		9,252		9,936		-		9,252		9,936		19,188		228	1920	2015	(5)
			304 Canal Street			-		3,511		12,905		1,109		-		17,525		17,525		-	1910	2014	(5)
			334 Canal Street			-		1,693		6,507		7,264		1,693		13,771		15,464		221		2011	(5)
			267 West 34th Street			-		5,099		10,037		-		5,099		10,037		15,136		548		2013	(5)
			966 Third Avenue			-		8,869		3,631		-		8,869		3,631		12,500		212		2013	(5)
			148 Spring Street			-		3,200		8,112		406		3,200		8,518		11,718		1,621		2008	(5)
			150 Spring Street			-		3,200		5,822		258		3,200		6,080		9,280		1,175		2008	(5)
			137 West 33rd Street			-		6,398		1,550		-		6,398		1,550		7,948		29	1932	2015	(5)
			488 Eighth Avenue			-		10,650		1,767		(4,674)		6,859		884		7,743		178		2007	(5)
			484 Eighth Avenue			-		3,856		762		399		3,856		1,161		5,017		365		1997	(5)
			825 Seventh Avenue			-		1,483		697		33		1,483		730		2,213		341		1997	(5)
			Other (Including signage)			-		70,683		20,378		98,431		70,683		118,809		189,492		21,395
				Total New York		5,464,905		2,626,847		5,660,102		2,003,752		2,716,237		7,574,464		10,290,701		1,706,483
		New Jersey
			Paramus			-		-		-		25,339		1,033		24,306		25,339		12,194	1967	1987	(5)
		Other Properties
			Hotel Pennsylvania			-		29,903		121,712		86,609		29,903		208,321		238,224		95,882	1919	1997	(5)
	Total New York					5,464,905		2,656,750		5,781,814		2,115,700		2,747,173		7,807,091		10,554,264		1,814,559

VORNADO REALTY TRUST
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)
COLUMN A						COLUMN B		COLUMN C				COLUMN D		COLUMN E						COLUMN F	COLUMN G	COLUMN H	COLUMN I
														Gross amount at which									Life on which
							Initial cost to company (1)							carried at close of period									depreciation
												Costs							Accumulated				in latest
									Building			capitalized			Buildings				depreciation				income
									and			subsequent			and				and		Date of	Date	statement
Description					Encumbrances (2)		Land		improvements			to acquisition		Land	improvements		Total (3)		amortization		construction (4)	acquired	is computed
	Washington, DC
		Washington, DC
			2011-2451 Crystal Drive - 5 buildings		$	220,248	$	100,935	$	409,920	$	149,218	$	100,228	$	559,845	$	660,073	$	213,614	1984-1989	2002	(5)
			Skyline Properties - 8 buildings			696,319		64,544		355,563		88,132		64,355		443,884		508,239		152,263	1973-2001	2002	(5)
			2001 Jefferson Davis Highway,			69,869		57,213		131,206		404,016		57,070		346,946		404,016		81,180	1964-1969	2002	(5)
				2100/2200 Crystal Drive, 223 23rd
				Street, 2221 South Clark Street, Crystal
				City Shops at 2100, 220 20th Street
			S. Clark Street/12th Street - 5 buildings			55,722		63,420		231,267		78,426		63,291		309,822		373,113		101,024	1981, 1983-1987	2002	(5)
			1550-1750 Crystal Drive/			38,707		64,817		218,330		79,201		64,652		297,696		362,348		101,272	1974-1980	2002	(5)
				241-251 18th Street - 4 buildings
			RiverHouse Apartments			307,710		118,421		125,078		73,611		138,854		178,256		317,110		40,965		2007	(5)
			Met Park / Warehouses			-		106,946		1,326		186,466		124,585		170,153		294,738		67		2007	(5)
			1825 - 1875 Connecticut Ave NW -			185,000		69,393		143,320		116,996		68,612		156,656		225,268		38,670	1956, 1963	2007
				(Universal Buildings) - 2 buildings																			(5)
			West End 25			101,671		67,049		5,039		106,814		68,198		110,704		178,902		17,389		2007	(5)
			2101 L Street, NW			146,222		32,815		51,642		84,372		39,768		129,061		168,829		35,595	1975	2003	(5)
			2200 / 2300 Clarendon Blvd			23,250		-		105,475		49,165		-		154,640		154,640		56,063	1988-1989	2002	(5)
				(Courthouse Plaza) - 2 buildings
			1800, 1851 and 1901 South Bell Street			-		37,551		118,806		(4,269)		37,551		114,537		152,088		35,454	1968	2002	(5)
				- 3 buildings
			875 15th Street, NW (Bowen Building)			115,022		30,077		98,962		2,835		30,176		101,698		131,874		26,980	2004	2005	(5)
			1399 New York Avenue, NW			-		33,481		67,363		7,047		34,178		73,713		107,891		10,138		2011	(5)
			Commerce Executive - 3 buildings			-		13,401		58,705		25,080		13,140		84,046		97,186		29,088	1985-1989	2002	(5)
			H Street - North 10-1D Land Parcel			-		104,473		55		(33,069)		61,970		9,489		71,459		-		2007	(5)
			Crystal City Hotel			-		8,000		47,191		10,888		8,000		58,079		66,079		16,263	1968	2004	(5)
			1150 17th Street, NW			28,728		23,359		24,876		14,388		24,723		37,900		62,623		31,700	1970	2002	(5)
			Democracy Plaza One			-		-		33,628		6,103		-		39,731		39,731		18,189	1987	2002	(5)
			1730 M Street, NW			14,853		10,095		17,541		11,863		10,687		28,812		39,499		11,086	1963	2002	(5)
			1726 M Street, NW			-		9,450		22,062		3,433		9,455		25,490		34,945		21,502	1964	2006	(5)
			Crystal Drive Retail			-		-		20,465		7,294		-		27,759		27,759		11,493	2004	2004	(5)
			1109 South Capitol Street			-		11,541		178		(253)		11,597		(131)		11,466		-		2007	(5)
			South Capitol			-		4,009		6,273		(1,920)		-		8,362		8,362		-		2005	(5)
			Other			-		1,763		52,408		(27,100)		1,763		25,308		27,071		705
	Total Washington, DC					2,003,321		1,032,753		2,346,679		1,438,737		1,032,853		3,492,456		4,525,309		1,050,700

VORNADO REALTY TRUST
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)
COLUMN A						COLUMN B		COLUMN C				COLUMN D		COLUMN E						COLUMN F	COLUMN G	COLUMN H	COLUMN I
														Gross amount at which									Life on which
							Initial cost to company (1)							carried at close of period									depreciation
												Costs							Accumulated				in latest
									Building			capitalized			Buildings				depreciation				income
									and			subsequent			and				and		Date of	Date	statement
Description					Encumbrances (2)		Land		improvements			to acquisition		Land	improvements		Total (3)		amortization		construction (4)	acquired	is computed
	Other
		theMart
		Illinois
			theMart, Chicago		$	550,000	$	64,528	$	319,146	$	307,313	$	64,535	$	626,452	$	690,987	$	232,480	1930	1998	(5)
			527 West Kinzie, Chicago			-		5,166		-		25		5,166		25		5,191		-
				Total Illinois		550,000		69,694		319,146		307,338		69,701		626,477		696,178		232,480
		New York
			MMPI Piers			-		-		-		13,840		-		13,840		13,840		1,426		2008	(5)
	Total theMart					550,000		69,694		319,146		321,178		69,701		640,317		710,018		233,906
			555 California Street			589,063		221,903		893,324		91,882		221,903		985,206		1,207,109		217,490	1922/1969/1970	2007	(5)
			220 Central Park South			950,000		115,720		16,420		654,912		-		787,052		787,052		-		2005	(5)
			Borgata Land, Atlantic City, NJ			57,549		83,089		-		-		83,089		-		83,089		-		2010	(5)
			Wayne Towne Center			-		-		26,137		42,628		-		68,765		68,765		8,254		2010	(5)
			40 East 66th Residential			-		29,199		85,798		(93,222)		8,454		13,321		21,775		3,142		2005	(5)
			Annapolis			-		-		9,652		-		-		9,652		9,652		3,207		2005	(5)
			677-679 Madison			-		1,462		1,058		284		1,626		1,178		2,804		361		2006	(5)
			Other			-		-		-		4,270		-		4,270		4,270		785		2005	(5)
	Total Other					2,146,612		521,067		1,351,535		1,021,932		384,773		2,509,761		2,894,534		467,145
	Leasehold Improvements
		Equipment and Other				-		-		-		116,030		-		116,030		116,030		85,863
		Total December 31, 2015			$	9,614,838	$	4,210,570	$	9,480,028	$	4,692,399	$	4,164,799	$	13,925,338	$	18,090,137	$	3,418,267
(1)		Initial cost is cost as of January 30, 1982 (the date on which we commenced real estate operations) unless acquired subsequent to that date see Column H.
(2)		Represents the contractual debt obligations.
(3)		The net basis of our assets and liabilities for tax reporting purposes is approximately $3.4 billion lower than the amount reported for financial statement purposes.
(4)		Date of original construction –– many properties have had substantial renovation or additional construction –– see Column D.
(5)		Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to forty years.

VORNADO REALTY TRUST
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
Notes:
(1)	Initial cost is cost as of January 30, 1982 (the date on which Vornado commenced real estate operations) unless acquired subsequent to that date see Column H.
(2)	Excludes deferred financing costs, net and other of $101,125,000.
(3)	The net basis of the Company’s assets and liabilities for tax reporting purposes is approximately $3.4 billion lower than the amount reported for financial statement purposes.
(4)	Date of original construction –– many properties have had substantial renovation or additional construction –– see Column D.
(5)	Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to forty years.

VORNADO REALTY TRUST
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
(AMOUNTS IN THOUSANDS)
	The following is a reconciliation of real estate assets and accumulated depreciation:
				Year Ended December 31,
				2015		2014		2013
	Real Estate
		Balance at beginning of period		$	16,822,358	$	15,392,968	$	15,287,078
		Additions during the period:
			Land		281,048		225,536		131,646
			Buildings & improvements		1,288,136		1,348,153		1,014,876
					18,391,542		16,966,657		16,433,600
		Less: Assets sold, written-off and deconsolidated			301,405		144,299		1,040,632
		Balance at end of period		$	18,090,137	$	16,822,358	$	15,392,968
	Accumulated Depreciation
		Balance at beginning of period		$	3,161,633	$	2,829,862	$	2,524,718
		Additions charged to operating expenses			459,612		461,689		423,844
					3,621,245		3,291,551		2,948,562
		Less: Accumulated depreciation on assets sold and written-off			202,978		129,918		118,700
		Balance at end of period		$	3,418,267	$	3,161,633	$	2,829,862