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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES:    
Revenues $ 534,668 $ 536,437
EXPENSES:    
Operating (246,895) (237,602)
Depreciation and amortization (116,709) (108,686)
General and administrative (58,020) (42,533)
(Expense) benefit from deferred compensation plan liability (5,433) 404
Transaction related costs and other (149) (13,156)
Total expenses (427,206) (401,573)
Income (loss) from partially owned entities 7,320 (9,904)
Loss from real estate fund investments (167) (8,807)
Interest and other investment income (loss), net 5,045 (24,384)
Income (loss) from deferred compensation plan assets 5,433 (404)
Interest and debt expense (102,463) (88,166)
Net gains on disposition of wholly owned and partially owned assets 220,294 0
Income before income taxes 242,924 3,199
Income tax expense (29,743) (2,554)
Income from continuing operations 213,181 645
Loss from discontinued operations (137) (363)
Net income 213,044 282
Less net (income) loss attributable to noncontrolling interests / noncontrolling interests in consolidated subsidiaries    
Consolidated subsidiaries (6,820) 8,274
Operating Partnership (12,202) 1,124
Net income attributable to Vornado / Vornado Realty L.P. 194,022 9,680
Preferred share dividends / unit distributions (12,534) (13,035)
Preferred share / unit issuance costs 0 (14,486)
NET INCOME (LOSS) attributable to common shareholders / Class A unitholders $ 181,488 $ (17,841)
INCOME (LOSS) PER COMMON SHARE – BASIC:    
Net income (loss) per common share (in dollars per share) $ 0.95 $ (0.09)
Weighted average shares outstanding, basic (in shares) 190,689 190,081
INCOME (LOSS) PER COMMON SHARE – DILUTED:    
Net income (loss) per common share (in dollars per share) $ 0.95 $ (0.09)
Weighted average shares outstanding, diluted (in shares) 190,996 190,081
Vornado Realty L.P.    
REVENUES:    
Revenues $ 534,668 $ 536,437
EXPENSES:    
Operating (246,895) (237,602)
Depreciation and amortization (116,709) (108,686)
General and administrative (58,020) (42,533)
(Expense) benefit from deferred compensation plan liability (5,433) 404
Transaction related costs and other (149) (13,156)
Total expenses (427,206) (401,573)
Income (loss) from partially owned entities 7,320 (9,904)
Loss from real estate fund investments (167) (8,807)
Interest and other investment income (loss), net 5,045 (24,384)
Income (loss) from deferred compensation plan assets 5,433 (404)
Interest and debt expense (102,463) (88,166)
Net gains on disposition of wholly owned and partially owned assets 220,294 0
Income before income taxes 242,924 3,199
Income tax expense (29,743) (2,554)
Income from continuing operations 213,181 645
Loss from discontinued operations (137) (363)
Net income 213,044 282
Less net (income) loss attributable to noncontrolling interests / noncontrolling interests in consolidated subsidiaries    
Consolidated subsidiaries (6,820) 8,274
Operating Partnership (12,202) 1,124
Net income attributable to Vornado / Vornado Realty L.P. 206,224 8,556
Preferred share dividends / unit distributions (12,575) (13,084)
Preferred share / unit issuance costs 0 (14,486)
NET INCOME (LOSS) attributable to common shareholders / Class A unitholders $ 193,649 $ (19,014)
INCOME (LOSS) PER CLASS A UNIT – BASIC:    
Net income (loss) per Class A unit (in dollars per unit) $ 0.95 $ (0.10)
Weighted average units outstanding, basic (in shares) 202,772 201,929
INCOME (LOSS) PER CLASS A UNIT – DILUTED:    
Net income (loss) per Class A unit (in dollars per unit) $ 0.95 $ (0.10)
Weighted average units outstanding, diluted (in shares) 203,344 201,929
Rental revenues    
REVENUES:    
Revenues $ 499,877 $ 500,420
Rental revenues | Vornado Realty L.P.    
REVENUES:    
Revenues 499,877 500,420
Fee and other income    
REVENUES:    
Revenues 34,791 36,017
Fee and other income | Vornado Realty L.P.    
REVENUES:    
Revenues $ 34,791 $ 36,017