XML 34 R14.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Preferred Shares
Earnings Less Than Distributions
Accumulated Other Comprehensive Income
Non-controlling Interests in Consolidated Subsidiaries
Vornado Realty L.P.
Vornado Realty L.P.
Preferred Shares
Vornado Realty L.P.
Class A Units Owned by Vornado
Vornado Realty L.P.
Earnings Less Than Distributions
Vornado Realty L.P.
Accumulated Other Comprehensive Income
Vornado Realty L.P.
Non-controlling Interests in Consolidated Subsidiaries
Beginning balance, shares at Dec. 31, 2020   48,793         48,793 191,355      
Beginning balance, value at Dec. 31, 2020 $ 6,948,155 $ 1,182,339 $ (2,774,182) $ (75,099) $ 414,957 $ 6,948,155 $ 1,182,339 $ 8,200,140 $ (2,774,182) $ (75,099) $ 414,957
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) attributable to Vornado / Vornado Realty L.P. 85,062   85,062     88,927     88,927    
Net income attributable to redeemable partnership units (3,865)         (3,865)     (3,865)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 14,505       14,505 14,505         14,505
Distributions to Vornado           (202,989)     (202,989)    
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts) (32,934)   (32,934)     (32,934)     (32,934)    
Common shares issued: / Class A Units issued to Vornado                      
Upon redemption of Class A units, at redemption value, shares               199      
Upon redemption of Class A units, at redemption value, value 8,309         8,309   $ 8,309      
Under employees' share option plan, shares               0      
Under employees' share option plan, value 10         10   $ 10      
Under dividend reinvestment plan, shares               10      
Under dividend reinvestment plan, value 430         430   $ 430      
Contributions:                      
Contributions 1,547       1,547 1,547         1,547
Distributions:                      
Distributions (145,057)       (145,057) (145,057)         (145,057)
Deferred compensation shares and options, shares               (3)      
Deferred compensation shares and options 335   (114)     335   $ 449 (114)    
Other comprehensive income of nonconsolidated subsidiaries 5,059     5,059   5,059       5,059  
Change in fair value of interest rate swaps and other 20,193     20,193   20,193       20,193  
Unearned 2018 Out-Performance Plan awards acceleration 10,283         10,283   10,283      
Redeemable Class A unit measurement adjustment (142,948)         (142,948)   $ (142,948)      
Redeemable noncontrolling interests' share of above adjustments (1,590)     (1,590)   (1,590)       (1,590)  
Other, shares               0      
Other, value (53) $ (48) (4) 0 (2) (53) $ (48) $ 1 (4) 0 (2)
Ending balance, shares at Jun. 30, 2021   48,793         48,793 191,561      
Ending balance, value at Jun. 30, 2021 6,568,317 $ 1,182,291 (2,925,161) (51,437) 285,950 6,568,317 $ 1,182,291 $ 8,076,674 (2,925,161) (51,437) 285,950
Beginning balance, shares at Mar. 31, 2021   48,793         48,793 191,465      
Beginning balance, value at Mar. 31, 2021 6,753,185 $ 1,182,311 (2,871,681) (60,753) 415,278 6,753,185 $ 1,182,311 $ 8,088,030 (2,871,681) (60,753) 415,278
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) attributable to Vornado / Vornado Realty L.P. 64,512   64,512     68,048     68,048    
Net income attributable to redeemable partnership units (3,536)         (3,536)     (3,536)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 8,308       8,308 8,308         8,308
Distributions to Vornado           (101,522)     (101,522)    
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts) (16,467)   (16,467)     (16,467)     (16,467)    
Common shares issued: / Class A Units issued to Vornado                      
Upon redemption of Class A units, at redemption value, shares               92      
Upon redemption of Class A units, at redemption value, value 4,206         4,206   $ 4,206      
Under employees' share option plan, shares               0      
Under employees' share option plan, value 6         6   $ 6      
Under dividend reinvestment plan, shares               4      
Under dividend reinvestment plan, value 219         219   $ 219      
Contributions:                      
Contributions 1,547       1,547 1,547         1,547
Distributions:                      
Distributions (139,180)       (139,180) (139,180)         (139,180)
Deferred compensation shares and options, shares               0      
Deferred compensation shares and options 225   0     225   $ 225 0    
Other comprehensive income of nonconsolidated subsidiaries 1,468     1,468   1,468       1,468  
Change in fair value of interest rate swaps and other 8,551     8,551   8,551       8,551  
Redeemable Class A unit measurement adjustment (16,012)         (16,012)   (16,012)      
Redeemable noncontrolling interests' share of above adjustments (704)     (704)   (704)       (704)  
Other, value (25) $ (20) (3) 1 (3) (25) $ (20) $ 0 (3) 1 (3)
Ending balance, shares at Jun. 30, 2021   48,793         48,793 191,561      
Ending balance, value at Jun. 30, 2021 6,568,317 $ 1,182,291 (2,925,161) (51,437) 285,950 6,568,317 $ 1,182,291 $ 8,076,674 (2,925,161) (51,437) 285,950
Beginning balance, shares at Dec. 31, 2021   48,793         48,793 191,724      
Beginning balance, value at Dec. 31, 2021 6,515,238 $ 1,182,459 (3,079,320) (17,534) 278,892 6,515,238 $ 1,182,459 $ 8,150,741 (3,079,320) (17,534) 278,892
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) attributable to Vornado / Vornado Realty L.P. 107,954   107,954     113,730     113,730    
Net income attributable to redeemable partnership units (5,776)         (5,776)     (5,776)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 12,269       12,269 12,269         12,269
Distributions to Vornado           (203,240)     (203,240)    
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts) (31,058)   (31,058)     (31,058)     (31,058)    
Common shares issued: / Class A Units issued to Vornado                      
Upon redemption of Class A units, at redemption value, shares               42      
Upon redemption of Class A units, at redemption value, value 1,577         1,577   $ 1,577      
Under employees' share option plan, value 7         7   $ 7      
Under dividend reinvestment plan, shares               12      
Under dividend reinvestment plan, value 434         434   $ 434      
Contributions:                      
Contributions 4,253       4,253 4,253         4,253
Distributions:                      
Distributions (41,428)       (41,428) (41,428)         (41,428)
Deferred compensation shares and options, shares               (2)      
Deferred compensation shares and options 207   (85)     207   $ 292 (85)    
Other comprehensive income of nonconsolidated subsidiaries 13,960     13,960   13,960       13,960  
Change in fair value of interest rate swaps and other 83,619     83,619   83,619       83,619  
Redeemable Class A unit measurement adjustment 193,762         193,762   $ 193,762      
Redeemable noncontrolling interests' share of above adjustments (6,745)     (6,745)   (6,745)       (6,745)  
Other, shares               (1)      
Other, value 4 $ 0 (2) 0 8 4 $ 0 $ (2) (2) 0 8
Ending balance, shares at Jun. 30, 2022   48,793         48,793 191,775      
Ending balance, value at Jun. 30, 2022 6,650,813 $ 1,182,459 (3,205,751) 73,300 253,994 6,650,813 $ 1,182,459 $ 8,346,811 (3,205,751) 73,300 253,994
Beginning balance, shares at Mar. 31, 2022   48,793         48,793 191,743      
Beginning balance, value at Mar. 31, 2022 6,437,970 $ 1,182,459 (3,154,549) 51,776 253,112 6,437,970 $ 1,182,459 $ 8,105,172 (3,154,549) 51,776 253,112
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) attributable to Vornado / Vornado Realty L.P. 65,947   65,947     69,729     69,729    
Net income attributable to redeemable partnership units (3,782)         (3,782)     (3,782)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 2,590       2,590 2,590         2,590
Distributions to Vornado           (101,624)     (101,624)    
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts) (15,529)   (15,529)     (15,529)     (15,529)    
Common shares issued: / Class A Units issued to Vornado                      
Upon redemption of Class A units, at redemption value, shares               26      
Upon redemption of Class A units, at redemption value, value 860         860   $ 860      
Under dividend reinvestment plan, shares               7      
Under dividend reinvestment plan, value 222         222   $ 222      
Contributions:                      
Contributions 3,772       3,772 3,772         3,772
Distributions:                      
Distributions (5,467)       (5,467) (5,467)         (5,467)
Deferred compensation shares and options, shares               0      
Deferred compensation shares and options 146   0     146   $ 146 0    
Other comprehensive income of nonconsolidated subsidiaries 4,755     4,755   4,755       4,755  
Change in fair value of interest rate swaps and other 18,380     18,380   18,380       18,380  
Redeemable Class A unit measurement adjustment 240,413         240,413   $ 240,413      
Redeemable noncontrolling interests' share of above adjustments (1,611)     (1,611)   (1,611)       (1,611)  
Other, shares               (1)      
Other, value (11)   4 0 (13) (11) $ 0 $ (2) 4 0 (13)
Ending balance, shares at Jun. 30, 2022   48,793         48,793 191,775      
Ending balance, value at Jun. 30, 2022 $ 6,650,813 $ 1,182,459 $ (3,205,751) $ 73,300 $ 253,994 $ 6,650,813 $ 1,182,459 $ 8,346,811 $ (3,205,751) $ 73,300 $ 253,994