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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Real estate, at cost:        
Land $ 2,420,054 $ 2,591,261    
Buildings and improvements 7,933,030 7,953,163    
Development costs and construction in progress 1,604,637 1,490,614    
Moynihan Train Hall development expenditures 0 914,960    
Leasehold improvements and equipment 130,222 124,014    
Total 12,087,943 13,074,012 $ 16,237,883 $ 14,756,295
Less accumulated depreciation and amortization (3,169,446) (3,015,958)    
Real estate, net 8,918,497 10,058,054    
Right-of-use assets 367,365 379,546    
Cash and cash equivalents 1,624,482 1,515,012 570,916 1,817,655
Restricted cash 105,887 92,119    
Marketable securities 0 33,313 152,198  
Tenant and other receivables 77,658 95,733    
Investments in partially owned entities 3,491,107 3,999,165    
Real estate fund investments 3,739 222,649    
220 Central Park South condominium units ready for sale 128,215 408,918    
Receivable arising from the straight-lining of rents 674,075 742,206    
Deferred leasing costs, net of accumulated amortization of $196,972 and $196,229 372,919 353,986    
Identified intangible assets, net of accumulated amortization of $93,113 and $98,587 23,856 30,965    
Other assets 434,022 355,347    
Assets 16,221,822 18,287,013    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY        
Mortgages payable, net 5,580,549 5,639,897    
Senior unsecured notes, net 446,685 445,872    
Unsecured term loan, net 796,762 745,840    
Unsecured revolving credit facilities 575,000 575,000    
Lease liabilities 401,008 498,254    
Moynihan Train Hall obligation 0 914,960    
Special dividend/distribution payable 0 398,292    
Accounts payable and accrued expenses 427,202 440,049    
Deferred revenue 40,110 59,429    
Deferred compensation plan 105,564 103,773    
Other liabilities 294,520 265,754    
Total liabilities 8,667,400 10,087,120    
Commitments and contingencies    
Redeemable noncontrolling interests:        
Total redeemable noncontrolling interests / partnership units 606,267 888,915    
Shareholders' / Partners' equity:        
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,793,402 and 36,795,640 shares 1,182,339 891,214    
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 191,354,679 and 190,985,677 shares 7,633 7,618    
Additional capital 8,192,507 7,827,697    
Earnings less than distributions (2,774,182) (1,954,266)    
Accumulated other comprehensive loss (75,099) (40,233)    
Total Vornado and Vornado Realty L.P. shareholders' equity 6,533,198 6,732,030    
Noncontrolling interests in consolidated subsidiaries 414,957 578,948    
Total equity 6,948,155 7,310,978 5,107,883 5,007,701
Total liabilities, redeemable noncontrolling interests / partnership units and equity 16,221,822 18,287,013    
Class A        
Redeemable noncontrolling interests:        
Class A units - 13,583,607 and 13,298,956 units outstanding 507,212 884,380    
Partnership Interest        
Redeemable noncontrolling interests:        
Class A units - 13,583,607 and 13,298,956 units outstanding 507,212 884,380    
Series D cumulative redeemable preferred units - 141,401 units outstanding 4,535 4,535    
Total redeemable noncontrolling interests / partnership units 511,747 888,915 783,562  
Subsidiaries        
Redeemable noncontrolling interests:        
Total redeemable noncontrolling interests / partnership units 94,520 0    
Vornado Realty L.P.        
Real estate, at cost:        
Land 2,420,054 2,591,261    
Buildings and improvements 7,933,030 7,953,163    
Development costs and construction in progress 1,604,637 1,490,614    
Moynihan Train Hall development expenditures 0 914,960    
Leasehold improvements and equipment 130,222 124,014    
Total 12,087,943 13,074,012    
Less accumulated depreciation and amortization (3,169,446) (3,015,958)    
Real estate, net 8,918,497 10,058,054    
Right-of-use assets 367,365 379,546    
Cash and cash equivalents 1,624,482 1,515,012 570,916 1,817,655
Restricted cash 105,887 92,119 145,989 97,157
Marketable securities 0 33,313    
Tenant and other receivables 77,658 95,733    
Investments in partially owned entities 3,491,107 3,999,165    
Real estate fund investments 3,739 222,649    
220 Central Park South condominium units ready for sale 128,215 408,918    
Receivable arising from the straight-lining of rents 674,075 742,206    
Deferred leasing costs, net of accumulated amortization of $196,972 and $196,229 372,919 353,986    
Identified intangible assets, net of accumulated amortization of $93,113 and $98,587 23,856 30,965    
Other assets 434,022 355,347    
Assets 16,221,822 18,287,013    
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY        
Mortgages payable, net 5,580,549 5,639,897    
Senior unsecured notes, net 446,685 445,872    
Unsecured term loan, net 796,762 745,840    
Unsecured revolving credit facilities 575,000 575,000    
Lease liabilities 401,008 498,254    
Moynihan Train Hall obligation 0 914,960    
Special dividend/distribution payable 0 398,292    
Accounts payable and accrued expenses 427,202 440,049    
Deferred revenue 40,110 59,429    
Deferred compensation plan 105,564 103,773    
Other liabilities 294,520 265,754    
Total liabilities 8,667,400 10,087,120    
Commitments and contingencies    
Redeemable noncontrolling interests:        
Total redeemable noncontrolling interests / partnership units 606,267 888,915    
Shareholders' / Partners' equity:        
Partners' capital 9,382,479 8,726,529    
Earnings less than distributions (2,774,182) (1,954,266)    
Accumulated other comprehensive loss (75,099) (40,233)    
Total Vornado and Vornado Realty L.P. shareholders' equity 6,533,198 6,732,030    
Noncontrolling interests in consolidated subsidiaries 414,957 578,948    
Total equity 6,948,155 7,310,978 $ 5,107,883 $ 5,007,701
Total liabilities, redeemable noncontrolling interests / partnership units and equity 16,221,822 18,287,013    
Vornado Realty L.P. | Partnership Interest        
Redeemable noncontrolling interests:        
Class A units - 13,583,607 and 13,298,956 units outstanding 507,212 884,380    
Series D cumulative redeemable preferred units - 141,401 units outstanding 4,535 4,535    
Total redeemable noncontrolling interests / partnership units 511,747 888,915    
Vornado Realty L.P. | Subsidiaries        
Redeemable noncontrolling interests:        
Total redeemable noncontrolling interests / partnership units $ 94,520 $ 0