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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES:        
Revenues $ 453,494 $ 378,941 $ 895,624 $ 758,918
EXPENSES:        
Operating (222,309) (190,920) (438,838) (381,899)
Depreciation and amortization (118,662) (89,777) (236,105) (185,131)
General and administrative (31,902) (30,602) (73,118) (74,788)
Benefit (expense) from deferred compensation plan liability 7,594 (3,378) 9,538 (6,623)
Transaction related costs and other (2,960) (106) (3,965) (949)
Total expenses (368,239) (314,783) (742,488) (649,390)
Income from partially owned entities 25,720 31,426 59,434 60,499
(Loss) income from real estate fund investments (142) 5,342 5,532 5,173
Interest and other investment income, net 3,036 1,539 4,054 3,061
(Loss) income from deferred compensation plan assets (7,594) 3,378 (9,538) 6,623
Interest and debt expense (62,640) (51,894) (114,749) (101,958)
Net gains on disposition of wholly owned and partially owned assets 28,832 25,724 35,384 25,724
Income before income taxes 72,467 79,673 133,253 108,650
Income tax expense (3,564) (2,841) (10,975) (4,825)
Net income 68,903 76,832 122,278 103,825
Less net (income) loss attributable to noncontrolling interests / consolidated subsidiaries in:        
Consolidated subsidiaries 826 (8,784) (8,548) (14,898)
Operating Partnership (3,782) (3,536) (5,776) (3,865)
Net income attributable to Vornado / Vornado Realty L.P. 65,947 64,512 107,954 85,062
Preferred share dividends / unit distributions (15,529) (16,467) (31,058) (32,934)
NET INCOME attributable to common shareholders / Class A unitholders $ 50,418 $ 48,045 $ 76,896 $ 52,128
INCOME PER COMMON SHARE - BASIC:        
Net income per common share (in dollars per share) $ 0.26 $ 0.25 $ 0.40 $ 0.27
Weighted average shares outstanding, basic (in shares) 191,750 191,527 191,737 191,473
INCOME PER COMMON SHARE - DILUTED:        
Net income per common share (in dollars per share) $ 0.26 $ 0.25 $ 0.40 $ 0.27
Weighted average shares outstanding, diluted (in shares) 192,039 192,380 192,047 192,207
Rental revenues        
REVENUES:        
Revenues $ 405,194 $ 339,596 $ 802,477 $ 678,913
Fee and other income        
REVENUES:        
Revenues $ 48,300 $ 39,345 $ 93,147 $ 80,005