Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
REVENUES:
Property rentals	$ 432,062	$ 411,153	$ 1,275,597	$ 1,238,903
Tenant expense reimbursements	63,401	60,957	174,091	162,831
Fee and other income	33,292	30,643	98,212	88,034
Total revenues	528,755	502,753	1,547,900	1,489,768
EXPENSES:
Operating	225,226	213,762	661,585	626,546
Depreciation and amortization	104,972	105,877	315,223	316,383
General and administrative	36,261	33,584	122,161	112,593
Acquisition and transaction related costs	61	1,069	1,073	6,697
Total expenses	366,520	354,292	1,100,042	1,062,219
Operating income	162,235	148,461	447,858	427,549
(Loss) income from partially owned entities	(41,801)	3,811	5,578	3,892
(Loss) income from real estate fund investments	(6,308)	1,077	(1,649)	28,750
Interest and other investment income, net	9,306	6,459	27,800	20,121
Interest and debt expense	(85,068)	(79,721)	(252,581)	(250,034)
Net gains on disposition of wholly owned and partially owned assets	0	0	501	160,225
Income before income taxes	38,364	80,087	227,507	390,503
Income tax expense	(1,188)	(4,563)	(2,429)	(8,921)
Income from continuing operations	37,176	75,524	225,078	381,582
(Loss) income from discontinued operations	(47,930)	25,080	(14,501)	(104,204)
Net (loss) income	(10,754)	100,604	210,577	277,378
Less net (income) loss attributable to noncontrolling interests in:
Consolidated subsidiaries	(4,022)	(3,658)	(18,436)	(26,361)
Operating Partnership	1,878	(4,366)	(9,057)	(11,410)
Net (loss) income attributable to Vornado / Vornado Realty L.P.	(12,898)	92,580	183,084	239,607
Preferred share dividends / unit distributions	(16,128)	(19,047)	(48,386)	(59,774)
Preferred share / unit issuance costs (Series J redemption)	0	(7,408)	0	(7,408)
NET (LOSS) INCOME attributable to common shareholders & Class A unitholders	$ (29,026)	$ 66,125	$ 134,698	$ 172,425
(LOSS) INCOME PER COMMON SHARE – BASIC:
Income from continuing operations, net (in dollars per share)	$ 0.09	$ 0.23	$ 0.78	$ 1.43
(Loss) income from discontinued operations, net (in dollars per share)	(0.24)	0.12	(0.07)	(0.52)
Net (loss) income per common share (in dollars per share)	$ (0.15)	$ 0.35	$ 0.71	$ 0.91
Weighted average shares outstanding, basic	189,593	188,901	189,401	188,778
(LOSS) INCOME PER COMMON SHARE – DILUTED:
Income from continuing operations, net (in dollars per share)	$ 0.09	$ 0.23	$ 0.78	$ 1.42
(Loss) income from discontinued operations, net (in dollars per share)	(0.24)	0.12	(0.07)	(0.51)
Net (loss) income per common share (in dollars per share)	$ (0.15)	$ 0.35	$ 0.71	$ 0.91
Weighted average shares outstanding, diluted	190,847	190,048	191,257	190,086
(LOSS) INCOME PER CLASS A UNIT – DILUTED:
DIVIDENDS PER COMMON SHARE (in dollars per share)	$ 0.60	$ 0.63	$ 2.02	$ 1.89
Vornado Realty L.P.
REVENUES:
Property rentals	$ 432,062	$ 411,153	$ 1,275,597	$ 1,238,903
Tenant expense reimbursements	63,401	60,957	174,091	162,831
Fee and other income	33,292	30,643	98,212	88,034
Total revenues	528,755	502,753	1,547,900	1,489,768
EXPENSES:
Operating	225,226	213,762	661,585	626,546
Depreciation and amortization	104,972	105,877	315,223	316,383
General and administrative	36,261	33,584	122,161	112,593
Acquisition and transaction related costs	61	1,069	1,073	6,697
Total expenses	366,520	354,292	1,100,042	1,062,219
Operating income	162,235	148,461	447,858	427,549
(Loss) income from partially owned entities	(41,801)	3,811	5,578	3,892
(Loss) income from real estate fund investments	(6,308)	1,077	(1,649)	28,750
Interest and other investment income, net	9,306	6,459	27,800	20,121
Interest and debt expense	(85,068)	(79,721)	(252,581)	(250,034)
Net gains on disposition of wholly owned and partially owned assets	0	0	501	160,225
Income before income taxes	38,364	80,087	227,507	390,503
Income tax expense	(1,188)	(4,563)	(2,429)	(8,921)
Income from continuing operations	37,176	75,524	225,078	381,582
(Loss) income from discontinued operations	(47,930)	25,080	(14,501)	(104,204)
Net (loss) income	(10,754)	100,604	210,577	277,378
Less net (income) loss attributable to noncontrolling interests in:
Consolidated subsidiaries	(4,022)	(3,658)	(18,436)	(26,361)
Operating Partnership			(9,057)	(11,410)
Net (loss) income attributable to Vornado / Vornado Realty L.P.	(14,776)	96,946	192,141	251,017
Preferred share dividends / unit distributions	(16,176)	(19,096)	(48,531)	(59,920)
Preferred share / unit issuance costs (Series J redemption)	0	(7,408)	0	(7,408)
NET (LOSS) INCOME attributable to common shareholders & Class A unitholders	$ (30,952)	$ 70,442	$ 143,610	$ 183,689
(LOSS) INCOME PER CLASS A UNIT – BASIC:
Income from continuing operations, net (in dollars per unit)	$ 0.08	$ 0.22	$ 0.77	$ 1.43
(Loss) income from discontinued operations, net (in dollars per unit)	(0.24)	0.13	(0.07)	(0.52)
Net (loss) income per Class A unit (in dollars per unit)	$ (0.16)	$ 0.35	$ 0.70	$ 0.91
Weighted average units outstanding, basic	201,300	200,458	201,093	200,300
(LOSS) INCOME PER CLASS A UNIT – DILUTED:
Income from continuing operations, net (in dollars per unit)	$ 0.08	$ 0.22	$ 0.76	$ 1.42
(Loss) income from discontinued operations, net (in dollars per unit)	(0.24)	0.13	(0.07)	(0.52)
Net (loss) income per Class A unit (in dollars per unit)	$ (0.16)	$ 0.35	$ 0.69	$ 0.90
Weighted average units outstanding, diluted (in shares)	203,113	202,141	203,311	201,932
DISTRIBUTIONS PER CLASS A UNIT (in dollars per share)	$ 0.60	$ 0.63	$ 2.02	$ 1.89