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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:        
Revenues $ 457,431 $ 409,212 $ 1,353,055 $ 1,168,130
EXPENSES:        
Operating (221,596) (212,699) (660,434) (594,598)
Depreciation and amortization (134,526) (100,867) (370,631) (285,998)
General and administrative (29,174) (25,553) (102,292) (100,341)
Benefit (expense) from deferred compensation plan liability 600 (799) 10,138 (7,422)
Transaction related costs and other (996) (9,681) (4,961) (10,630)
Total expenses (385,692) (349,599) (1,128,180) (998,989)
Income from partially owned entities 24,341 26,269 83,775 86,768
(Loss) income from real estate fund investments (111) (66) 5,421 5,107
Interest and other investment income, net 5,228 633 9,282 3,694
(Loss) income from deferred compensation plan assets (600) 799 (10,138) 7,422
Interest and debt expense (76,774) (50,946) (191,523) (152,904)
Net gains on disposition of wholly owned and partially owned assets 0 10,087 35,384 35,811
Income before income taxes 23,823 46,389 157,076 155,039
Income tax (expense) benefit (3,711) 25,376 (14,686) 20,551
Net income 20,112 71,765 142,390 175,590
Less net (income) loss attributable to noncontrolling interests / consolidated subsidiaries in:        
Consolidated subsidiaries 3,792 (5,425) (4,756) (20,323)
Operating Partnership (606) (2,818) (6,382) (6,683)
Net income attributable to Vornado / Vornado Realty L.P. 23,298 63,522 131,252 148,584
Preferred share dividends / unit distributions (15,529) (16,800) (46,587) (49,734)
Series K preferred share / unit issuance costs 0 (9,033) 0 (9,033)
NET INCOME attributable to common shareholders / Class A unitholders $ 7,769 $ 37,689 $ 84,665 $ 89,817
INCOME PER COMMON SHARE - BASIC:        
Net income per common share (in dollars per share) $ 0.04 $ 0.20 $ 0.44 $ 0.47
Weighted average shares outstanding, basic (in shares) 191,793 191,577 191,756 191,508
INCOME PER COMMON SHARE - DILUTED:        
Net income per common share (in dollars per share) $ 0.04 $ 0.20 $ 0.44 $ 0.47
Weighted average shares outstanding, diluted (in shares) 192,018 192,041 192,042 192,151
Rental revenues        
REVENUES:        
Revenues $ 409,144 $ 369,203 $ 1,211,621 $ 1,048,116
Fee and other income        
REVENUES:        
Revenues $ 48,287 $ 40,009 $ 141,434 $ 120,014