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Shareholders' Equity/Partners' Capital (Tables)
12 Months Ended
Dec. 31, 2020
Schedule Of Preferred Units
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, 2020 and 2019.
(Amounts in thousands, except share/unit and per share/per unit amounts)
Per Share/Unit
Balance as of December 31,Shares/Units Outstanding as of December 31,Liquidation
Preference
Annual
Dividend/
Distribution
(1)
Preferred Shares/Units2020201920202019
Convertible Preferred:      
6.5% Series A: authorized 13,402 and 15,640 shares/units(2)
$934 $991 13,402 15,640 $50.00 $3.25 
Cumulative Redeemable Preferred:
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 13,800,000 shares/units(3)
290,306 290,306 12,000,000 12,000,000 25.00 1.35 
5.25% Series M: authorized 13,800,000 shares/units(3)
308,946 308,946 12,780,000 12,780,000 25.00 1.3125 
5.25% Series N: authorized 12,000,000 shares/units(3)
291,182 — 12,000,000 — 25.00 1.3125 
(4)
$1,182,339 $891,214 48,793,402 36,795,640   
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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 $25.00 per share/unit, plus accrued and unpaid dividends/distributions through the date of redemption.
(4)Annual dividend/distribution rate commencing in November 2020.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table sets forth the changes in accumulated other comprehensive loss by component for the year ended December 31, 2020.
(Amounts in thousands)TotalAccumulated other comprehensive income (loss) of nonconsolidated subsidiariesInterest rate
swaps
Other
Balance as of December 31, 2019$(40,233)$$(36,126)$(4,111)
Other comprehensive (loss) income(34,866)(14,342)(29,972)9,448 
Balance as of December 31, 2020$(75,099)$(14,338)$(66,098)$5,337