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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Real estate, at cost:    
Land $ 2,528,207 $ 2,420,054
Buildings and improvements 8,449,768 7,933,030
Development costs and construction in progress 1,830,660 1,604,637
Leasehold improvements and equipment 111,233 130,222
Total 12,919,868 12,087,943
Less accumulated depreciation and amortization (3,309,273) (3,169,446)
Real estate, net 9,610,595 8,918,497
Right-of-use assets 337,130 367,365
Cash and cash equivalents 2,128,964 1,624,482
Restricted cash 139,233 105,887
Tenant and other receivables 89,606 77,658
Investments in partially owned entities 3,287,870 3,491,107
Real estate fund investments 3,739 3,739
220 Central Park South condominium units ready for sale 77,658 128,215
Receivable arising from the straight-lining of rents 656,137 674,075
Deferred leasing costs, net of accumulated amortization of $209,266 and $196,972 386,273 372,919
Identified intangible assets, net of accumulated amortization of $93,643 and $93,113 158,438 23,856
Other assets 613,157 434,022
Assets 17,488,800 16,221,822
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 6,069,512 5,580,549
Senior unsecured notes, net 1,189,680 446,685
Unsecured term loan, net 797,549 796,762
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 372,908 401,008
Accounts payable and accrued expenses 449,768 427,202
Deferred revenue 50,064 40,110
Deferred compensation plan 107,860 105,564
Preferred shares to be redeemed on October 13, 2021 300,000 0
Other liabilities 305,946 294,520
Total liabilities 10,218,287 8,667,400
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 690,688 606,267
Shareholders' / Partner's Equity    
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,792,902 and 48,793,402 shares 1,182,499 1,182,339
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 191,680,984 and 191,354,679 shares 7,646 7,633
Additional capital 8,138,337 8,192,507
Earnings less than distributions (2,988,999) (2,774,182)
Accumulated other comprehensive loss (45,179) (75,099)
Total Vornado shareholders' / partners equity 6,294,304 6,533,198
Noncontrolling interests in consolidated subsidiaries 285,521 414,957
Total equity 6,579,825 6,948,155
Total liabilities, redeemable noncontrolling interests / partnership units and equity 17,488,800 16,221,822
Vornado Realty L.P.    
Real estate, at cost:    
Land 2,528,207 2,420,054
Buildings and improvements 8,449,768 7,933,030
Development costs and construction in progress 1,830,660 1,604,637
Leasehold improvements and equipment 111,233 130,222
Total 12,919,868 12,087,943
Less accumulated depreciation and amortization (3,309,273) (3,169,446)
Real estate, net 9,610,595 8,918,497
Right-of-use assets 337,130 367,365
Cash and cash equivalents 2,128,964 1,624,482
Restricted cash 139,233 105,887
Tenant and other receivables 89,606 77,658
Investments in partially owned entities 3,287,870 3,491,107
Real estate fund investments 3,739 3,739
220 Central Park South condominium units ready for sale 77,658 128,215
Receivable arising from the straight-lining of rents 656,137 674,075
Deferred leasing costs, net of accumulated amortization of $209,266 and $196,972 386,273 372,919
Identified intangible assets, net of accumulated amortization of $93,643 and $93,113 158,438 23,856
Other assets 613,157 434,022
Assets 17,488,800 16,221,822
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 6,069,512 5,580,549
Senior unsecured notes, net 1,189,680 446,685
Unsecured term loan, net 797,549 796,762
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 372,908 401,008
Accounts payable and accrued expenses 449,768 427,202
Deferred revenue 50,064 40,110
Deferred compensation plan 107,860 105,564
Preferred shares to be redeemed on October 13, 2021 300,000 0
Other liabilities 305,946 294,520
Total liabilities 10,218,287 8,667,400
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 690,688 606,267
Shareholders' / Partner's Equity    
Partners' capital 9,328,482 9,382,479
Earnings less than distributions (2,988,999) (2,774,182)
Accumulated other comprehensive loss (45,179) (75,099)
Total Vornado shareholders' / partners equity 6,294,304 6,533,198
Noncontrolling interests in consolidated subsidiaries 285,521 414,957
Total equity 6,579,825 6,948,155
Total liabilities, redeemable noncontrolling interests / partnership units and equity 17,488,800 16,221,822
Partnership Interest    
Redeemable noncontrolling interests:    
Class A units - 14,070,794 and 13,583,607 units outstanding 591,114 507,212
Series D cumulative redeemable preferred units - 141,400 and 141,401 units outstanding 3,535 4,535
Total redeemable noncontrolling interests 594,649 511,747
Partnership Interest | Vornado Realty L.P.    
Redeemable noncontrolling interests:    
Class A units - 14,070,794 and 13,583,607 units outstanding 591,114 507,212
Series D cumulative redeemable preferred units - 141,400 and 141,401 units outstanding 3,535 4,535
Total redeemable noncontrolling interests 594,649 511,747
Subsidiary    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 96,039 94,520
Subsidiary | Vornado Realty L.P.    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests $ 96,039 $ 94,520