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(Loss) Income Per Share/(Loss) Income Per Class A Unit
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
(Loss) Income Per Share/(Loss) Income Per Class A Unit (Loss) Income Per Share/(Loss) Income Per Class A Unit
Vornado Realty Trust
The following table presents the calculations of (i) basic (loss) income per common share which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares and (ii) diluted (loss) income per common share which includes weighted average common shares outstanding and dilutive share equivalents. Unvested share-based payment awards that contain nonforfeitable rights to dividends, whether paid or unpaid, are accounted for as participating securities. Earnings are allocated to participating securities, which include restricted stock awards, based on the two-class method. Our share-based payment awards, including employee stock options, OP Units, OPPs, AO LTIP Units, Performance Conditioned AO LTIP Units and LTPP Units, are included in the calculation of diluted income per share using the treasury stock method if dilutive. Our convertible securities, including our Series A convertible preferred shares, Series G-1 through G-4 convertible preferred units and Series D-13 redeemable preferred units, are reflected in diluted income per share by application of the if-converted method if dilutive.
(Amounts in thousands, except per share amounts)For the Year Ended December 31,
 202220212020
Numerator:   
Net (loss) income attributable to Vornado$(346,499)$175,999 $(297,005)
Preferred share dividends(62,116)(65,880)(51,739)
Series K preferred share issuance costs— (9,033)— 
Net (loss) income attributable to common shareholders(408,615)101,086 (348,744)
Earnings allocated to unvested participating securities(18)(34)(99)
Numerator for basic (loss) income per share$(408,633)$101,052 $(348,843)
Denominator:
Denominator for basic (loss) income per share – weighted average shares 191,775191,551191,146
Effect of dilutive securities(1):
Share-based payment awards— 571 — 
Denominator for diluted (loss) income per share – weighted average shares and assumed conversions191,775192,122191,146
(LOSS) INCOME PER COMMON SHARE - BASIC:
Net (loss) income per common share$(2.13)$0.53 $(1.83)
(LOSS) INCOME PER COMMON SHARE - DILUTED:
Net (loss) income per common share$(2.13)$0.53 $(1.83)
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(1)The effect of dilutive securities excluded an aggregate of 16,252, 13,835 and 14,007 weighted average common share equivalents in the years ended December 31, 2022, 2021 and 2020, respectively, as their effect was anti-dilutive.
18.    (Loss) Income Per Share/(Loss) Income Per Class A Unit – continued
Vornado Realty L.P.
The following table presents the calculations of (i) basic (loss) income per Class A unit which includes the weighted average number of Class A units outstanding without regard to dilutive potential Class A units and (ii) diluted (loss) income per Class A unit which includes the weighted average Class A units outstanding and dilutive Class A unit equivalents. Unvested share-based payment awards that contain non-forfeitable rights to dividends, whether paid or unpaid, are accounted for as participating securities. Earnings are allocated to participating securities, which include Vornado restricted stock awards and our OP Units, based on the two-class method. Our other share-based payment awards, including Vornado stock options, OPPs, AO LTIP Units, Performance Conditioned AO LTIP Units and LTPP Units, are included in the calculation of diluted income per Class A unit using the treasury stock method if dilutive. Our convertible securities, including our Series A convertible preferred units, Series G-1 through G-4 convertible preferred units and Series D-13 redeemable preferred units, are reflected in diluted income per Class A unit by application of the if-converted method if dilutive.
(Amounts in thousands, except per unit amounts)For the Year Ended December 31,
 202220212020
Numerator:   
Net (loss) income attributable to Vornado Realty L.P.$(376,875)$183,539 $(321,951)
Preferred unit distributions(62,231)(66,035)(51,904)
Series K preferred unit issuance costs— (9,033)— 
Net (loss) income attributable to Class A unitholders(439,106)108,471 (373,855)
Earnings allocated to unvested participating securities(2,215)(2,668)(5,417)
Numerator for basic (loss) income per Class A unit$(441,321)$105,803 $(379,272)
Denominator:
Denominator for basic (loss) income per Class A unit – weighted average units205,315 204,728 203,503 
Effect of dilutive securities(1):
Share-based payment awards— 916 — 
Denominator for diluted (loss) income per Class A unit – weighted average units and assumed conversions205,315 205,644 203,503 
(LOSS) INCOME PER CLASS A UNIT - BASIC:
Net (loss) income per Class A unit$(2.15)$0.52 $(1.86)
(LOSS) INCOME PER CLASS A UNIT - DILUTED:
Net (loss) income per Class A unit$(2.15)$0.51 $(1.86)
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(1)The effect of dilutive securities excluded an aggregate of 2,712, 313 and 1,650 weighted average Class A unit equivalents for the years ended December 31, 2022, 2021 and 2020, respectively, as their effect was anti-dilutive.