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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES:    
Property rentals $ 513,818 $ 519,492
Tenant expense reimbursements 67,670 59,575
Fee and other income 39,360 33,970
Total revenues 620,848 613,037
EXPENSES:    
Operating 260,907 256,349
Depreciation and amortization 138,811 142,957
General and administrative 56,658 48,704
Acquisition and transaction related costs 8,005 4,607
Skyline properties impairment loss 0 160,700
Total expenses 464,381 613,317
Operating income (loss) 156,467 (280)
Income (loss) from partially owned entities 1,445 (4,240)
Income from real estate fund investments 268 11,284
Interest and other investment income, net 9,228 3,518
Interest and debt expense (94,285) (100,489)
Net gains on disposition of wholly owned and partially owned assets 501 714
Income (loss) before income taxes 73,624 (89,493)
Income tax expense (2,205) (2,831)
Income (loss) from continuing operations 71,419 (92,324)
Income from discontinued operations 2,428 716
Net income (loss) 73,847 (91,608)
Less net (income) loss attributable to noncontrolling interests in:    
Consolidated subsidiaries (6,737) (9,678)
Operating Partnership (3,229) 7,487
Net income (loss) attributable to Vornado / Vornado Realty L.P. 63,881 (93,799)
Preferred share dividends / Preferred unit distributions (16,129) (20,364)
NET INCOME (LOSS) attributable to common shareholders / Class A unitholders $ 47,752 $ (114,163)
INCOME (LOSS) PER COMMON SHARE / CLASS A UNIT - BASIC:    
Income (loss) from continuing operations, net (in dollars per share) $ 0.24 $ (0.61)
Income from discontinued operations, net (in dollars per share) 0.01 0
Net income (loss) per common share (in dollars per share) $ 0.25 $ (0.61)
Weighted average shares outstanding 189,210 188,658
INCOME (LOSS) PER COMMON SHARE / CLASS A UNIT - DILUTED:    
Income (loss) from continuing operations, net (in dollars per share) $ 0.24 $ (0.61)
Income from discontinued operations, net (in dollars per share) 0.01 0
Net income (loss) per common share (in dollars per share) $ 0.25 $ (0.61)
Weighted average shares outstanding 190,372 188,658
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.71 $ 0.63
Vornado Realty L.P.    
REVENUES:    
Property rentals $ 513,818 $ 519,492
Tenant expense reimbursements 67,670 59,575
Fee and other income 39,360 33,970
Total revenues 620,848 613,037
EXPENSES:    
Operating 260,907 256,349
Depreciation and amortization 138,811 142,957
General and administrative 56,658 48,704
Acquisition and transaction related costs 8,005 4,607
Skyline properties impairment loss 0 160,700
Total expenses 464,381 613,317
Operating income (loss) 156,467 (280)
Income (loss) from partially owned entities 1,445 (4,240)
Income from real estate fund investments 268 11,284
Interest and other investment income, net 9,228 3,518
Interest and debt expense (94,285) (100,489)
Net gains on disposition of wholly owned and partially owned assets 501 714
Income (loss) before income taxes 73,624 (89,493)
Income tax expense (2,205) (2,831)
Income (loss) from continuing operations 71,419 (92,324)
Income from discontinued operations 2,428 716
Net income (loss) 73,847 (91,608)
Less net (income) loss attributable to noncontrolling interests in:    
Consolidated subsidiaries (6,737) (9,678)
Operating Partnership 3,229 (7,487)
Net income (loss) attributable to Vornado / Vornado Realty L.P. 67,110 (101,286)
Preferred share dividends / Preferred unit distributions (16,178) (20,412)
NET INCOME (LOSS) attributable to common shareholders / Class A unitholders $ 50,932 $ (121,698)
INCOME (LOSS) PER COMMON SHARE / CLASS A UNIT - BASIC:    
Income (loss) from continuing operations, net $ 0.24 $ (0.61)
Income from discontinued operations, net 0.01 0
Net income (loss) per Class A unit $ 0.25 $ (0.61)
Weighted average units outstanding 200,845 200,072
INCOME (LOSS) PER COMMON SHARE / CLASS A UNIT - DILUTED:    
Income (loss) from continuing operations, net $ 0.24 $ (0.61)
Income from discontinued operations, net 0.01 0
Net income (loss) per Class A unit $ 0.25 $ (0.61)
Weighted average units outstanding 202,647 200,072
DISTRIBUTIONS PER CLASS A UNIT $ 0.71 $ 0.63