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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES:      
Total revenues $ 1,527,951 $ 1,924,700 $ 2,163,720
EXPENSES:      
Operating (789,066) (917,981) (963,478)
Depreciation and amortization (399,695) (419,107) (446,570)
General and administrative (181,509) (169,920) (141,871)
(Expense) benefit from deferred compensation plan liability (6,443) (11,609) 2,480
Impairment losses and transaction related costs, net (174,027) (106,538) (31,320)
Total expenses (1,550,740) (1,625,155) (1,580,759)
(Loss) income from partially owned entities (329,112) 78,865 9,149
Loss from real estate fund investments (226,327) (104,082) (89,231)
Interest and other investment (loss) income, net (5,499) 21,819 17,057
Income (loss) from deferred compensation plan assets 6,443 11,609 (2,480)
Interest and debt expense (229,251) (286,623) (347,949)
Net gain on transfer to Fifth Avenue and Times Square JV 0 2,571,099 0
Purchase price fair value adjustment 0 0 44,060
Net gains on disposition of wholly owned and partially owned assets 381,320 845,499 246,031
(Loss) income before income taxes (425,215) 3,437,731 459,598
Income tax expense (36,630) (103,439) (37,633)
(Loss) income from continuing operations (461,845) 3,334,292 421,965
(Loss) income from discontinued operations 0 (30) 638
Net (loss) income (461,845) 3,334,262 422,603
Less net loss (income) attributable to noncontrolling interests in:      
Consolidated subsidiaries 139,894 24,547 53,023
Operating Partnership 24,946 (210,872) (25,672)
Net (loss) income attributable to Vornado / Vornado Realty L.P. (297,005) 3,147,937 449,954
Preferred share dividends / unit distributions (51,739) (50,131) (50,636)
Preferred share / unit issuance costs 0 0 (14,486)
NET (LOSS) INCOME attributable to common shareholders / Class A unitholders $ (348,744) $ 3,097,806 $ 384,832
(LOSS) INCOME PER COMMON SHARE - BASIC:      
Net (loss) income per common share - Basic (in dollars per share) $ (1.83) $ 16.23 $ 2.02
Weighted average shares outstanding 191,146 190,801 190,219
(LOSS) INCOME PER COMMON SHARE - DILUTED:      
Net (loss) income per common share - Diluted (in dollars per share) $ (1.83) $ 16.21 $ 2.01
Weighted average shares outstanding 191,146 191,053 191,290
Vornado Realty L.P.      
REVENUES:      
Total revenues $ 1,527,951 $ 1,924,700 $ 2,163,720
EXPENSES:      
Operating (789,066) (917,981) (963,478)
Depreciation and amortization (399,695) (419,107) (446,570)
General and administrative (181,509) (169,920) (141,871)
(Expense) benefit from deferred compensation plan liability (6,443) (11,609) 2,480
Impairment losses and transaction related costs, net (174,027) (106,538) (31,320)
Total expenses (1,550,740) (1,625,155) (1,580,759)
(Loss) income from partially owned entities (329,112) 78,865 9,149
Loss from real estate fund investments (226,327) (104,082) (89,231)
Interest and other investment (loss) income, net (5,499) 21,819 17,057
Income (loss) from deferred compensation plan assets 6,443 11,609 (2,480)
Interest and debt expense (229,251) (286,623) (347,949)
Net gain on transfer to Fifth Avenue and Times Square JV 0 2,571,099 0
Purchase price fair value adjustment 0 0 44,060
Net gains on disposition of wholly owned and partially owned assets 381,320 845,499 246,031
(Loss) income before income taxes (425,215) 3,437,731 459,598
Income tax expense (36,630) (103,439) (37,633)
(Loss) income from continuing operations (461,845) 3,334,292 421,965
(Loss) income from discontinued operations 0 (30) 638
Net (loss) income (461,845) 3,334,262 422,603
Less net loss (income) attributable to noncontrolling interests in:      
Consolidated subsidiaries 139,894 24,547 53,023
Operating Partnership 24,946 (210,872) (25,672)
Net (loss) income attributable to Vornado / Vornado Realty L.P. (321,951) 3,358,809 475,626
Preferred share dividends / unit distributions (51,904) (50,296) (50,830)
Preferred share / unit issuance costs 0 0 (14,486)
NET (LOSS) INCOME attributable to common shareholders / Class A unitholders $ (373,855) $ 3,308,513 $ 410,310
(LOSS) INCOME PER CLASS A UNIT - BASIC:      
(Loss) income from continuing operations, net (in dollars per share) $ (1.86) $ 16.22 $ 2.01
Income (loss) from discontinued operations, net (in dollars per share) 0 0 0.01
Net (loss) income per Class A unit (in dollars per share) $ (1.86) $ 16.22 $ 2.02
Weighted average units outstanding 203,503 202,947 202,068
(LOSS) INCOME PER CLASS A UNIT - DILUTED:      
Net (loss) income per Class A unit (in dollars per share) $ (1.86) $ 16.19 $ 2.00
Weighted average units outstanding 203,503 203,248 203,412
Rental revenues      
REVENUES:      
Total revenues $ 1,377,635 $ 1,767,222 $ 2,007,333
Rental revenues | Vornado Realty L.P.      
REVENUES:      
Total revenues 1,377,635 1,767,222 2,007,333
Fee and other income      
REVENUES:      
Total revenues 150,316 157,478 156,387
Fee and other income | Vornado Realty L.P.      
REVENUES:      
Total revenues $ 150,316 $ 157,478 $ 156,387