Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Basis of Presentation and Significant Accounting Policies

Reconciliation Of Net Income Attributable To Common Shareholders To Estimated Taxable Income

(Amounts in thousands)			For the Year Ended December 31,
			2016		2015			2014
Net income attributable to Vornado common shareholders		$	823,606	$	679,856		$	783,388
Book to tax differences (unaudited):
	Net gain on extinguishment of Skyline properties debt		(457,970)		-			-
	Depreciation and amortization		302,092		227,297			219,403
	Impairment losses		170,332		20,281			34,670
	Earnings of partially owned entities		(149,094)		(5,299)			71,960
	Straight-line rent adjustments		(137,941)		(144,727)			(77,526)
	Sale of real estate and other capital transactions		(39,109)		320,326			(477,061)
	Vornado stock options		(3,593)		(8,278)			(9,566)
	Tangible Property Regulations		-		(575,618)	(1)		-
	Other, net		9,121		(26,114)			(33,410)
Estimated taxable income (unaudited)		$	517,444	$	487,724		$	511,858
(1)	Represents one-time deductions pursuant to the implementation of the Tangible Property Regulations issued by the Internal Revenue Service.