XML 30 R14.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
4.45% Series O
Series K Preferred Stock Preferred Shares / Units
Preferred Shares
Preferred Shares
4.45% Series O
Preferred Shares
Series K Preferred Stock Preferred Shares / Units
Earnings Less Than Distributions
Earnings Less Than Distributions
Series K Preferred Stock Preferred Shares / Units
Accumulated Other Comprehensive (Loss) Income
Non-controlling Interests in Consolidated Subsidiaries
Vornado Realty L.P.
Vornado Realty L.P.
4.45% Series O
Vornado Realty L.P.
Series K Preferred Stock Preferred Shares / Units
Vornado Realty L.P.
Preferred Shares
Vornado Realty L.P.
Preferred Shares
4.45% Series O
Vornado Realty L.P.
Preferred Shares
Series K Preferred Stock Preferred Shares / Units
Vornado Realty L.P.
Class A Units Owned by Vornado
Vornado Realty L.P.
Earnings Less Than Distributions
Vornado Realty L.P.
Earnings Less Than Distributions
Series K Preferred Stock Preferred Shares / Units
Vornado Realty L.P.
Accumulated Other Comprehensive (Loss) Income
Vornado Realty L.P.
Non-controlling Interests in Consolidated Subsidiaries
Beginning balance, shares at Dec. 31, 2020       48,793,000                   48,793,000              
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
Beginning balance, shares at Dec. 31, 2020                                 191,355,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income (loss) attributable to Vornado / Vornado Realty L.P. 148,584           148,584       155,267             155,267      
Net income attributable to redeemable partnership units (6,683)                   (6,683)             (6,683)      
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 18,804                 18,804 18,804                   18,804
Distributions to Vornado                     (304,516)             (304,516)      
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts) (49,734)           (49,734)       (49,734)             (49,734)      
Series O Cumulative redeemable preferred shares/units issuance, shares         12,000,000                   12,000,000            
Series O Cumulative redeemable preferred shares/units issuance   $ 291,195     $ 291,195             $ 291,195     $ 291,195            
Common shares issued: / Class A Units issued to Vornado                                          
Upon redemption of Class A units, at redemption value, shares                                 313,000        
Upon redemption of Class A units, at redemption value, value 13,058                   13,058           $ 13,058        
Under employees' share option plan, value 10                   10           $ 10        
Under dividend reinvestment plan, shares                                 16,000        
Under dividend reinvestment plan, value 654                   654           $ 654        
Contributions:                                          
Contributions 2,657                 2,657 2,657                   2,657
Distributions:                                          
Distributions (150,934)                 (150,934) (150,934)                   (150,934)
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, value 0     (13)             0     (13)     $ 13        
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, shares                                 1,000        
Deferred compensation shares and options, shares                                 (4,000)        
Deferred compensation shares and options 561           (114)       561           $ 675 (114)      
Other comprehensive income of nonconsolidated subsidiaries 6,381               6,381   6,381                 6,381  
Change in fair value of interest rate swaps and other 25,553               25,553   25,553                 25,553  
Unearned 2018 Out-Performance Plan awards acceleration 10,283                   10,283           10,283        
Redeemable Class A unit measurement adjustment (78,848)                   (78,848)           (78,848)        
Series K cumulative redeemable preferred shares/units called for redemption, shares           (12,000,000)                   (12,000,000)          
Series K cumulative redeemable preferred shares/units called for redemption     $ (300,000)     $ (290,967)   $ (9,033)         $ (300,000)     $ (290,967)     $ (9,033)    
Redeemable partnership units' share of above adjustments                     (2,016)                 (2,016)  
Redeemable noncontrolling interests' share of above adjustments (2,016)               (2,016)                        
Other, value (22)     $ (55)     (4)   2 37 (22)     $ (55)     (2) (4)   2 37
Ending balance, shares at Sep. 30, 2021       48,793,000                   48,793,000              
Ending balance, value at Sep. 30, 2021 6,579,825     $ 1,182,499     (2,988,999)   (45,179) 285,521 6,579,825     $ 1,182,499     $ 8,145,983 (2,988,999)   (45,179) 285,521
Ending balance, shares at Sep. 30, 2021                                 191,681,000        
Beginning balance, shares at Jun. 30, 2021       48,793,000                   48,793,000              
Beginning 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 Jun. 30, 2021                                 191,561,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income (loss) attributable to Vornado / Vornado Realty L.P. 63,522           63,522       66,340             66,340      
Net income attributable to redeemable partnership units (2,818)                   (2,818)             (2,818)      
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 4,299                 4,299 4,299                   4,299
Distributions to Vornado                     (101,527)             (101,527)      
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts) (16,800)           (16,800)       (16,800)             (16,800)      
Series O Cumulative redeemable preferred shares/units issuance, shares         12,000,000                   12,000,000            
Series O Cumulative redeemable preferred shares/units issuance   $ 291,195     $ 291,195             $ 291,195     $ 291,195            
Common shares issued: / Class A Units issued to Vornado                                          
Upon redemption of Class A units, at redemption value, shares                                 114,000        
Upon redemption of Class A units, at redemption value, value 4,749                   4,749           $ 4,749        
Under dividend reinvestment plan, shares                                 6,000        
Under dividend reinvestment plan, value 224                   224           $ 224        
Contributions:                                          
Contributions 1,110                 1,110 1,110                   1,110
Distributions:                                          
Distributions (5,877)                 (5,877) (5,877)                   (5,877)
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, value 0     (13)             0     (13)     $ 13        
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, shares                                 1,000        
Deferred compensation shares and options, shares                                 (1,000)        
Deferred compensation shares and options 226                   226           $ 226 0      
Other comprehensive income of nonconsolidated subsidiaries 1,322               1,322   1,322                 1,322  
Change in fair value of interest rate swaps and other 5,360               5,360   5,360                 5,360  
Redeemable Class A unit measurement adjustment 64,100                   64,100           64,100        
Series K cumulative redeemable preferred shares/units called for redemption, shares           (12,000,000)                   (12,000,000)          
Series K cumulative redeemable preferred shares/units called for redemption     $ (300,000)     $ (290,967)   $ (9,033)         $ (300,000)     $ (290,967)     $ (9,033)    
Redeemable partnership units' share of above adjustments                     (426)                 (426)  
Redeemable noncontrolling interests' share of above adjustments (426)               (426)                        
Other, value 31     $ (7)         2 39 31     $ (7)     (3)     2 39
Ending balance, shares at Sep. 30, 2021       48,793,000                   48,793,000              
Ending balance, value at Sep. 30, 2021 $ 6,579,825     $ 1,182,499     (2,988,999)   (45,179) 285,521 6,579,825     $ 1,182,499     $ 8,145,983 (2,988,999)   (45,179) 285,521
Ending balance, shares at Sep. 30, 2021                                 191,681,000        
Beginning balance, shares at Dec. 31, 2021 48,792,902     48,793,000                   48,793,000              
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
Beginning balance, shares at Dec. 31, 2021 191,723,608                               191,724,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income (loss) attributable to Vornado / Vornado Realty L.P. $ 131,252           131,252       137,634             137,634      
Net income attributable to redeemable partnership units (6,382)                   (6,382)             (6,382)      
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 13,236                 13,236 13,236                   13,236
Distributions to Vornado                     (304,896)             (304,896)      
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts) (46,587)           (46,587)       (46,587)             (46,587)      
Common shares issued: / Class A Units issued to Vornado                                          
Upon redemption of Class A units, at redemption value, shares                                 76,000        
Upon redemption of Class A units, at redemption value, value 2,569                   2,569           $ 2,569        
Under employees' share option plan, value 7                   7           $ 7        
Under dividend reinvestment plan, shares                                 19,000        
Under dividend reinvestment plan, value 655                   655           $ 655        
Contributions:                                          
Contributions 4,903                 4,903 4,903                   4,903
Distributions:                                          
Distributions (45,976)                 (45,976) (45,976)                   (45,976)
Deferred compensation shares and options, shares                                 (2,000)        
Deferred compensation shares and options 362           (85)       362           $ 447 (85)      
Other comprehensive income of nonconsolidated subsidiaries 19,084               19,084   19,084                 19,084  
Change in fair value of interest rate swaps and other 200,838               200,838   200,838                 200,838  
Redeemable Class A unit measurement adjustment 215,619                   215,619           215,619        
Redeemable noncontrolling interests' share of above adjustments (15,044)               (17,210) 2,166 (15,044)                 (17,210) 2,166
Other, value $ 14           6     7 14           1 6     7
Ending balance, shares at Sep. 30, 2022 48,792,902     48,793,000                   48,793,000              
Ending balance, value at Sep. 30, 2022 $ 6,691,274     $ 1,182,459     (3,299,630)   185,178 253,228 6,691,274     $ 1,182,459     $ 8,370,039 (3,299,630)   185,178 253,228
Ending balance, shares at Sep. 30, 2022 191,816,684                               191,817,000        
Beginning balance, shares at Jun. 30, 2022       48,793,000                   48,793,000              
Beginning 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 Jun. 30, 2022                                 191,775,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income (loss) attributable to Vornado / Vornado Realty L.P. 23,298           23,298       23,904             23,904      
Net income attributable to redeemable partnership units (606)                   (606)             (606)      
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 967                 967 967                   967
Distributions to Vornado                     (101,656)             (101,656)      
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                                 34,000        
Upon redemption of Class A units, at redemption value, value 992                   992           $ 992        
Under dividend reinvestment plan, shares                                 7,000        
Under dividend reinvestment plan, value 221                   221           $ 221        
Contributions:                                          
Contributions 650                 650 650                   650
Distributions:                                          
Distributions (4,548)                 (4,548) (4,548)                   (4,548)
Deferred compensation shares and options 155                   155           155        
Other comprehensive income of nonconsolidated subsidiaries 5,124               5,124   5,124                 5,124  
Change in fair value of interest rate swaps and other 117,219               117,219   117,219                 117,219  
Redeemable Class A unit measurement adjustment 21,857                   21,857           $ 21,857        
Redeemable noncontrolling interests' share of above adjustments (8,299)               (10,465) 2,166 (8,299)                 (10,465) 2,166
Other, shares                                 1,000        
Other, value $ 10           8     (1) 10           $ 3 8     (1)
Ending balance, shares at Sep. 30, 2022 48,792,902     48,793,000                   48,793,000              
Ending balance, value at Sep. 30, 2022 $ 6,691,274     $ 1,182,459     $ (3,299,630)   $ 185,178 $ 253,228 $ 6,691,274     $ 1,182,459     $ 8,370,039 $ (3,299,630)   $ 185,178 $ 253,228
Ending balance, shares at Sep. 30, 2022 191,816,684                               191,817,000