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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES:    
Revenues $ 442,130 $ 379,977
EXPENSES:    
Operating (216,529) (190,979)
Depreciation and amortization (117,443) (95,354)
General and administrative (41,216) (44,186)
Benefit (expense) from deferred compensation plan liability 1,944 (3,245)
Transaction related costs and other (1,005) (843)
Total expenses (374,249) (334,607)
Income from partially owned entities 33,714 29,073
Income (loss) from real estate fund investments 5,674 (169)
Interest and other investment income, net 1,018 1,522
(Loss) income from deferred compensation plan assets (1,944) 3,245
Interest and debt expense (52,109) (50,064)
Net gains on disposition of wholly owned and partially owned assets 6,552 0
Income before income taxes 60,786 28,977
Income tax expense (7,411) (1,984)
Net income 53,375 26,993
Less net (income) loss attributable to noncontrolling interests / consolidated subsidiaries in:    
Consolidated subsidiaries (9,374) (6,114)
Operating Partnership (1,994) (329)
Net income attributable to Vornado / Vornado Realty L.P. 42,007 20,550
Preferred share dividends / unit distributions (15,529) (16,467)
NET INCOME attributable to common shareholders / Class A unitholders $ 26,478 $ 4,083
INCOME PER COMMON SHARE - BASIC:    
Net income per common share (in dollars per share) $ 0.14 $ 0.02
Weighted average shares outstanding, basic (in shares) 191,724 191,418
INCOME PER COMMON SHARE - DILUTED:    
Net income per common share (in dollars per share) $ 0.14 $ 0.02
Weighted average shares outstanding, diluted (in shares) 192,038 192,031
Rental revenues    
REVENUES:    
Revenues $ 397,283 $ 339,317
Fee and other income    
REVENUES:    
Revenues $ 44,847 $ 40,660