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Income (Loss) Per Share/Income (Loss) Per Class A Unit (Tables)
 12 Months Ended
Dec. 31, 2021
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, OP Units, OPPs, 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 Year Ended December 31,
 202120202019
Numerator:   
Income (loss) from continuing operations, net of (income) loss attributable to noncontrolling interests$175,999 $(297,005)$3,147,965 
Loss from discontinued operations— — (28)
Net income (loss) attributable to Vornado175,999 (297,005)3,147,937 
Preferred share dividends(65,880)(51,739)(50,131)
Series K preferred share issuance costs(9,033)— — 
Net income (loss) attributable to common shareholders101,086 (348,744)3,097,806 
Earnings allocated to unvested participating securities(34)(99)(309)
Numerator for basic income (loss) per share101,052 (348,843)3,097,497 
Impact of assumed conversions:
Convertible preferred share dividends— — 57 
Earnings allocated to Out-Performance Plan units— — 9 
Numerator for basic and diluted income (loss) per share$101,052 $(348,843)$3,097,563 
Denominator:
Denominator for basic income (loss) per share – weighted average shares 191,551 191,146 190,801 
Effect of dilutive securities(1):
Employee stock options, restricted stock awards, AO LTIP Units and OPPs571 — 218 
Convertible preferred shares— — 34 
Denominator for diluted income (loss) per share – weighted average shares and assumed conversions192,122 191,146 191,053 
INCOME (LOSS) PER COMMON SHARE - BASIC:
Net income (loss) per common share$0.53 $(1.83)$16.23 
INCOME (LOSS) PER COMMON SHARE - DILUTED:
Net income (loss) per common share$0.53 $(1.83)$16.21 
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(1)The effect of dilutive securities excluded an aggregate of 13,835, 14,007 and 13,020 weighted average common share equivalents in the years ended December 31, 2021, 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 units 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 Year Ended December 31,
 202120202019
Numerator:   
Income (loss) from continuing operations, net of (income) loss attributable to noncontrolling interests in consolidated subsidiaries$183,539 $(321,951)$3,358,839 
Loss from discontinued operations— — (30)
Net income (loss) attributable to Vornado Realty L.P.183,539 (321,951)3,358,809 
Preferred unit distributions(66,035)(51,904)(50,296)
Series K preferred unit issuance costs(9,033)— — 
Net income (loss) attributable to Class A unitholders108,471 (373,855)3,308,513 
Earnings allocated to unvested participating securities(2,668)(5,417)(17,296)
Numerator for basic income (loss) per Class A unit105,803 (379,272)3,291,217 
Impact of assumed conversions:
Convertible preferred unit distributions— — 57 
Numerator for basic and diluted income (loss) per Class A unit$105,803 $(379,272)$3,291,274 
Denominator:
Denominator for basic income (loss) per Class A unit – weighted average units204,728 203,503 202,947 
Effect of dilutive securities(1):
Vornado stock options, Vornado restricted stock awards, OP Units, AO LTIP Units and OPPs916 — 267 
Convertible preferred units— — 34 
Denominator for diluted income (loss) per Class A unit – weighted average units and assumed conversions205,644 203,503 203,248 
INCOME (LOSS) PER CLASS A UNIT - BASIC:
Net income (loss) per Class A unit$0.52 $(1.86)$16.22 
INCOME (LOSS) PER CLASS A UNIT - DILUTED:
Net income (loss) per Class A unit$0.51 $(1.86)$16.19 
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(1)The effect of dilutive securities excluded an aggregate of 313, 1,650 and 825 weighted average Class A unit equivalents in the years ended December 31, 2021, 2020 and 2019 respectively, as their effect was anti-dilutive.