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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES:      
Property rentals $ 2,103,728 $ 2,076,586 $ 1,911,487
Tenant expense reimbursements 260,667 260,976 245,819
Fee and other income 141,807 164,705 155,206
Total revenues 2,506,202 2,502,267 2,312,512
EXPENSES:      
Operating 1,024,336 1,011,249 953,611
Depreciation and amortization 565,059 542,952 481,303
General and administrative 179,279 175,307 169,270
Skyline properties impairment loss 160,700 0 0
Acquisition and transaction related costs 26,037 12,511 18,435
Total expenses 1,955,411 1,742,019 1,622,619
Operating income 550,791 760,248 689,893
(Loss) income from real estate fund investments (23,602) 74,081 163,034
Income (loss) from partially owned entities 165,389 (12,630) (59,861)
Interest and other investment income, net 29,546 26,978 38,752
Interest and debt expense (402,674) (378,025) (412,755)
Net gain on extinguishment of Skyline properties debt 487,877 0 0
Net gain on disposition of wholly owned and partially owned assets 175,735 251,821 13,568
Income before income taxes 983,062 722,473 432,631
Income tax (expense) benefit (8,312) 84,695 (9,281)
Income from continuing operations 974,750 807,168 423,350
Income from discontinued operations 7,172 52,262 585,676
Net income 981,922 859,430 1,009,026
Less net income attributable to noncontrolling interests in:      
Consolidated subsidiaries (21,351) (55,765) (96,561)
Operating Partnership (53,654) (43,231) (47,613)
Net income attributable to Vornado 906,917 760,434 864,852
Preferred share dividends / Preferred unit distributions (75,903) (80,578) (81,464)
Preferred share / unit issuance cost (Series J redemption) (7,408) 0 0
NET INCOME attributable to common shareholders / Class A unitholders $ 823,606 $ 679,856 $ 783,388
INCOME PER COMMON SHARE / CLASS A UNIT - BASIC:      
Income from continuing operations, net (in dollars per share) $ 4.32 $ 3.35 $ 1.23
Income from discontinued operations, net (in dollars per share) 0.04 0.26 2.95
Net income per common share (in dollars per share) $ 4.36 $ 3.61 $ 4.18
Weighted average shares outstanding 188,837 188,353 187,572
INCOME PER COMMON SHARE / CLASS A UNIT - DILUTED:      
Income from continuing operations, net (in dollars per share) $ 4.3 $ 3.33 $ 1.22
Income from discontinued operations, net (in dollars per share) 0.04 0.26 2.93
Net income per common share (in dollars per share) $ 4.34 $ 3.59 $ 4.15
Weighted average shares outstanding 190,173 189,564 188,690
Vornado Realty L.P.      
REVENUES:      
Property rentals $ 2,103,728 $ 2,076,586 $ 1,911,487
Tenant expense reimbursements 260,667 260,976 245,819
Fee and other income 141,807 164,705 155,206
Total revenues 2,506,202 2,502,267 2,312,512
EXPENSES:      
Operating 1,024,336 1,011,249 953,611
Depreciation and amortization 565,059 542,952 481,303
General and administrative 179,279 175,307 169,270
Skyline properties impairment loss 160,700 0 0
Acquisition and transaction related costs 26,037 12,511 18,435
Total expenses 1,955,411 1,742,019 1,622,619
Operating income 550,791 760,248 689,893
(Loss) income from real estate fund investments (23,602) 74,081 163,034
Income (loss) from partially owned entities 165,389 (12,630) (59,861)
Interest and other investment income, net 29,546 26,978 38,752
Interest and debt expense (402,674) (378,025) (412,755)
Net gain on extinguishment of Skyline properties debt 487,877 0 0
Net gain on disposition of wholly owned and partially owned assets 175,735 251,821 13,568
Income before income taxes 983,062 722,473 432,631
Income tax (expense) benefit (8,312) 84,695 (9,281)
Income from continuing operations 974,750 807,168 423,350
Income from discontinued operations 7,172 52,262 585,676
Net income 981,922 859,430 1,009,026
Less net income attributable to noncontrolling interests in:      
Consolidated subsidiaries (21,351) (55,765) (96,561)
Operating Partnership (53,654) (43,231) (47,613)
Net income attributable to Vornado 960,571 803,665 912,465
Preferred share dividends / Preferred unit distributions (76,097) (80,736) (81,514)
Preferred share / unit issuance cost (Series J redemption) (7,408) 0 0
NET INCOME attributable to common shareholders / Class A unitholders $ 877,066 $ 722,929 $ 830,951
INCOME PER COMMON SHARE / CLASS A UNIT - BASIC:      
Income from continuing operations, net $ 4.32 $ 3.35 $ 1.22
Income from discontinued operations, net 0.04 0.26 2.95
Net income per Class A unit $ 4.36 $ 3.61 $ 4.17
Weighted average units outstanding 200,350 199,309 198,213
INCOME PER COMMON SHARE / CLASS A UNIT - DILUTED:      
Income from continuing operations, net $ 4.29 $ 3.31 $ 1.21
Income from discontinued operations, net 0.03 0.26 2.93
Net income per Class A unit $ 4.32 $ 3.57 $ 4.14
Weighted average units outstanding 202,017 201,158 199,813