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Income (Loss) Per Share/Income (Loss) Per Class A Unit (Tables)
 9 Months Ended
Sep. 30, 2020
Earnings per share  
Schedule Of Earnings Per Share Basic And Diluted
Vornado Realty Trust
The following table presents the calculations of (i) basic income (loss) per common share which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares and (ii) diluted income (loss) per common share which includes the weighted average common shares and dilutive share equivalents. Unvested share-based payment awards that contain nonforfeitable rights to dividends, whether paid or unpaid, are accounted for as participating securities. Earnings are allocated to participating securities, which include restricted stock awards, based on the two-class method. Other potential dilutive share equivalents such as our employee stock options, restricted Operating Partnership units ("OP Units"), out-performance plan awards ("OPPs"), appreciation-only long term incentive plan units ("AO LTIP Units") and Performance Conditioned AO LTIP Units are included in the computation of diluted Earnings Per Share ("EPS") using the treasury stock method, while the dilutive effect of our Series A convertible preferred shares is reflected in diluted EPS by application of the if-converted method.
(Amounts in thousands, except per share amounts)For the Three Months Ended September 30,For the Nine Months Ended September 30,
2020201920202019
Numerator:
Income (loss) from continuing operations, net of (income) loss attributable to noncontrolling interests$65,700 $335,445 $(102,026)$2,942,267 
Loss from discontinued operations— (7)— (80)
Net income (loss) attributable to Vornado65,700 335,438 (102,026)2,942,187 
Preferred share dividends(12,530)(12,532)(37,591)(37,598)
Net income (loss) attributable to common shareholders53,170 322,906 (139,617)2,904,589 
Earnings allocated to unvested participating securities(15)(33)(84)(291)
Numerator for basic income (loss) per share53,155 322,873 (139,701)2,904,298 
Impact of assumed conversions:
Convertible preferred share dividends— 14 — 43 
Earnings allocated to Out-Performance Plan units— — — 9 
Numerator for diluted income (loss) per share$53,155 $322,887 $(139,701)$2,904,350 
Denominator:
Denominator for basic income (loss) per share – weighted average shares 191,162 190,814 191,102 190,762 
Effect of dilutive securities(1):
Employee stock options and restricted stock awards— 176 — 227 
Convertible preferred shares— 34 — 35 
Out-Performance Plan units— — — 3 
Denominator for diluted income (loss) per share – weighted average shares and assumed conversions191,162 191,024 191,102 191,027 
INCOME (LOSS) PER COMMON SHARE - BASIC:
Net income (loss) per common share$0.28 $1.69 $(0.73)$15.22 
INCOME (LOSS) PER COMMON SHARE - DILUTED:
Net income (loss) per common share$0.28 $1.69 $(0.73)$15.20 
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(1)The effect of dilutive securities excluded an aggregate of 14,159 and 13,431 weighted average common share equivalents for the three months ended September 30, 2020 and 2019, respectively, and 14,007 and 13,067 weighted average common share equivalents for the nine months ended September 30, 2020 and 2019, respectively, as their effect was anti-dilutive.
Vornado Realty L.P.  
Earnings per share  
Schedule Of Earnings Per Share Basic And Diluted
Vornado Realty L.P.
The following table presents the calculations of (i) basic income (loss) per Class A unit which includes the weighted average number of Class A units outstanding without regard to dilutive potential Class A units and (ii) diluted income (loss) per Class A unit which includes the weighted average Class A unit and dilutive Class A unit equivalents. Unvested share-based payment awards that contain non-forfeitable rights to dividends, whether paid or unpaid, are accounted for as participating securities. Earnings are allocated to participating securities, which include Vornado restricted stock awards, OP Units and OPPs, based on the two-class method. Other potential dilutive unit equivalents such as Vornado stock options, AO LTIP Units and Performance Conditioned AO LTIP Units are included in the computation of diluted income per unit ("EPU") using the treasury stock method, while the dilutive effect of our Series A convertible preferred units is reflected in diluted EPU by application of the if-converted method.
(Amounts in thousands, except per unit amounts)For the Three Months Ended September 30,For the Nine Months Ended September 30,
2020201920202019
Numerator:
Income (loss) from continuing operations, net of (income) loss attributable to noncontrolling interests in consolidated subsidiaries$69,584 $358,083 $(112,116)$3,139,626 
Loss from discontinued operations— (8)— (85)
Net income (loss) attributable to Vornado Realty L.P.69,584 358,075 (112,116)3,139,541 
Preferred unit distributions(12,572)(12,574)(37,715)(37,722)
Net income (loss) attributable to Class A unitholders57,012 345,501 (149,831)3,101,819 
Earnings allocated to unvested participating securities(734)(2,449)(4,685)(14,807)
Numerator for basic income (loss) per Class A unit56,278 343,052 (154,516)3,087,012 
Impact of assumed conversions:
Convertible preferred unit distributions— 14 — 43 
Numerator for diluted income (loss) per Class A unit$56,278 $343,066 $(154,516)$3,087,055 
Denominator:
Denominator for basic income (loss) per Class A unit – weighted average units203,554 203,009 203,480 202,903 
Effect of dilutive securities(1):
Vornado stock options, Vornado restricted stock awards, OP Units, AO LTIP Units and OPPs— 507 — 478 
Convertible preferred units— 34 — 35 
Denominator for diluted income (loss) per Class A unit – weighted average units and assumed conversions203,554 203,550 203,480 203,416 
INCOME (LOSS) PER CLASS A UNIT - BASIC:
Net income (loss) per Class A unit$0.28 $1.69 $(0.76)$15.21 
INCOME (LOSS) PER CLASS A UNIT - DILUTED:
Net income (loss) per Class A unit$0.28 $1.69 $(0.76)$15.18 
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(1)The effect of dilutive securities excluded an aggregate of 1,767 and 905 weighted average Class A unit equivalents for the three months ended September 30, 2020 and 2019, respectively, and 1,629 and 678 weighted average Class A unit equivalents for the nine months ended September 30, 2020 and 2019, respectively, as their effect was anti-dilutive.