Shareholders' Equity/Partners' Capital (Tables)

9 Months Ended

Sep. 30, 2022

The following table sets forth the details of our dividends/distributions per common share/Class A unit and dividends/distributions per share/unit for each class of preferred shares/units of beneficial interest.


(Per share/unit)	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Shares/Units:
Common shares/Class A units held by Vornado: authorized 250,000,000 shares/units	$	0.53	$	0.53	$	1.59	$	1.59
Convertible Preferred(1):
6.5% Series A: authorized 12,902 shares/units(2)	0.8125		0.8125		2.4375		2.4375
Cumulative Redeemable Preferred(1)(3):
5.70% Series K: authorized 12,000,000 shares/units	N/A		0.3563		N/A		1.0689
5.40% Series L: authorized 13,800,000 shares/units	0.3375		0.3375		1.0125		1.0125
5.25% Series M: authorized 13,800,000 shares/units	0.3281		0.3281		0.9843		0.9843
5.25% Series N: authorized 12,000,000 shares/units	0.3281		0.3281		0.9843		0.9843
4.45% Series O: authorized 12,000,000 shares/units	0.2781		0.0278		0.8343		0.0278

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(1)Dividends on preferred shares and distributions on preferred units are cumulative and are payable quarterly in arrears.

(2)Redeemable at the option of Vornado under certain circumstances, at a redemption price of 1.9531 common shares/Class A units per Series A Preferred Share/Unit plus accrued and unpaid dividends/distributions through the date of redemption, or convertible at any time at the option of the holder for 1.9531 common shares/Class A units per Series A Preferred Share/Unit.

(3)Series L preferred shares/units are redeemable at Vornado's option at a redemption price of $25.00 per share/unit, plus accrued and unpaid dividends/distributions through the date of redemption. Series M preferred shares/units are redeemable commencing December 2022, Series N preferred shares/units are redeemable commencing November 2025 and Series O preferred shares/units, are redeemable commencing September 2026. Series K preferred shares/units were redeemed on October 13, 2021.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table sets forth the changes in accumulated other comprehensive income (loss) by component.


(Amounts in thousands)	Total		Accumulated other comprehensive income (loss) of nonconsolidated subsidiaries		Change in fair value of interest rate swaps and other		Other
For the three months ended September 30, 2022:
Balance as of June 30, 2022	$	73,300	$	9,897	$	68,858	$	(5,455)
Other comprehensive income (loss)	111,878		5,124		117,219		(10,465)
Balance as of September 30, 2022	$	185,178	$	15,021	$	186,077	$	(15,920)

For the three months ended September 30, 2021:
Balance as of June 30, 2021	$	(51,437)	$	(9,279)	$	(45,905)	$	3,747
Other comprehensive income (loss)	6,258		1,322		5,360		(424)
Balance as of September 30, 2021	$	(45,179)	$	(7,957)	$	(40,545)	$	3,323

For the nine months ended September 30, 2022:
Balance as of December 31, 2021	$	(17,534)	$	(4,063)	$	(14,761)	$	1,290
Other comprehensive income (loss)	202,712		19,084		200,838		(17,210)
Balance as of September 30, 2022	$	185,178	$	15,021	$	186,077	$	(15,920)

For the nine months ended September 30, 2021:
Balance as of December 31, 2020	$	(75,099)	$	(14,338)	$	(66,098)	$	5,337
Other comprehensive income (loss)	29,920		6,381		25,553		(2,014)
Balance as of September 30, 2021	$	(45,179)	$	(7,957)	$	(40,545)	$	3,323