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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
Property rentals $ 2,076,586 $ 1,911,487 $ 1,880,405
Tenant expense reimbursements 260,976 245,819 226,831
Cleveland Medical Mart development project 0 0 36,369
Fee and other income 164,705 155,206 155,571
Total revenues 2,502,267 2,312,512 2,299,176
EXPENSES:      
Operating 1,011,249 953,611 928,565
Depreciation and amortization 542,952 481,303 461,627
General and administrative 175,307 169,270 177,366
Cleveland Medical Mart development project 0 0 32,210
Acquisition and transaction related costs 12,511 18,435 24,857
Total expenses 1,742,019 1,622,619 1,624,625
Operating income 760,248 689,893 674,551
Income from real estate fund investments 74,081 163,034 102,898
Loss from partially owned entities (12,630) (59,861) (340,882)
Interest and other investment income (loss), net 26,978 38,752 (24,887)
Interest and debt expense (378,025) (412,755) (425,782)
Net gain on disposition of wholly owned and partially owned assets 251,821 13,568 2,030
Income (loss) before income taxes 722,473 432,631 (12,072)
Income tax benefit (expense) 84,695 (9,281) 8,717
Income (loss) from continuing operations 807,168 423,350 (3,355)
Income from discontinued operations 52,262 585,676 568,095
Net income 859,430 1,009,026 564,740
Less net income attributable to noncontrolling interests in:      
Consolidated subsidiaries (55,765) (96,561) (63,952)
Operating Partnership (43,231) (47,613) (24,817)
Net income attributable to Vornado 760,434 864,852 475,971
Preferred share dividends (80,578) (81,464) (82,807)
Preferred unit and share redemptions 0 0 (1,130)
NET INCOME attributable to common shareholders $ 679,856 $ 783,388 $ 392,034
INCOME (LOSS) PER COMMON SHARE - BASIC:      
Income (loss) from continuing operations, net (in dollars per share) $ 3.35 $ 1.23 $ (0.75)
Income from discontinued operations, net (in dollars per share) 0.26 2.95 2.85
Net income per common share (in dollars per share) $ 3.61 $ 4.18 $ 2.10
Weighted average shares outstanding 188,353 187,572 186,941
INCOME (LOSS) PER COMMON SHARE - DILUTED:      
Income (loss) from continuing operations, net (in dollars per share) $ 3.33 $ 1.22 $ (0.75)
Income from discontinued operations, net (in dollars per share) 0.26 2.93 2.84
Net income per common share (in dollars per share) $ 3.59 $ 4.15 $ 2.09
Weighted average shares outstanding 189,564 188,690 187,709