Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2017

The following table sets forth the details of our preferred shares of beneficial interest and the preferred units of the Operating Partnership as of December 31, 2017 and 2016.



(Amounts in thousands, except share/unit and per share/per unit amounts)
							Per Share/Unit
	Balance as of December 31,				Shares/Units Outstanding at December 31,		Liquidation Preference		Annual Dividend/ Distribution⁽¹⁾
Preferred Shares/Units	2017		2016		2017	2016	Liquidation Preference		Annual Dividend/ Distribution⁽¹⁾
Convertible Preferred:
6.5% Series A: authorized 83,977 shares/units⁽²⁾	$	1,102	$	1,264	19,573	24,829	$	50.00	$	3.25
Cumulative Redeemable Preferred:
6.625% Series G: authorized 8,000,000 shares/units⁽³⁾⁽⁴⁾	—		193,135		—	8,000,000	25.00		1.65625
6.625% Series I: authorized 10,800,000 shares/units⁽³⁾⁽⁴⁾	—		262,379		—	10,800,000	25.00		1.65625
5.70% Series K: authorized 12,000,000 shares/units⁽³⁾	290,971		290,971		12,000,000	12,000,000	25.00		1.425
5.40% Series L: authorized 12,000,000 shares/units⁽³⁾	290,306		290,306		12,000,000	12,000,000	25.00		1.35
5.25% Series M: authorized 12,780,000 shares/units⁽³⁾	309,609		—		12,780,000	—	25.00		1.3125		⁽⁵⁾
	$	891,988	$	1,038,055	36,799,573	42,824,829

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(1)	Dividends on preferred shares and distributions on preferred units are cumulative and are payable quarterly in arrears.


(2)	Redeemable at the option of Vornado under certain circumstances, at a redemption price of 1.9531 common shares/Class A units per Series A Preferred Share/Unit plus accrued and unpaid dividends/distributions through the date of redemption, or convertible at any time at the option of the holder for 1.9531 common shares/Class A units per Series A Preferred Share/Unit.


(3)	Redeemable at Vornado's option at a redemption price of $25.00 per share/unit, plus accrued and unpaid dividends/distributions through the date of redemption.


(4)	In December 2017, we called for redemption all of the outstanding 6.625% Series G and 6.625% Series I cumulative redeemable preferred shares/units. These shares were redeemed on January 4 and 11, 2018. As a result, we reclassed to liabilities all of the outstanding shares/units with the aggregate amount of $455,514 on our consolidated balance sheets as of December 31, 2017.


(5)	Annual dividend/distribution rate commencing in December 2017.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table sets forth the changes in accumulated other comprehensive income (loss) by component.



(Amounts in thousands)	For the Year Ended December 31, 2017
	Total			Securities available- for-sale			Pro rata share of nonconsolidated subsidiaries' OCI			Interest rate swap		Other
Balance as of December 31, 2016	$	118,972		$	130,505		$	(12,058	)	$	8,066	$	(7,541	)
OCI before classifications	(4,692		)	(20,951		)	1,425			15,476		(642		)
Amounts reclassified from AOCI	14,402			—			14,402			—		—
Balance as of December 31, 2017	$	128,682		$	109,554		$	3,769		$	23,542	$	(8,183	)