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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES:    
Revenues $ 445,923 $ 442,130
EXPENSES:    
Operating (228,773) (216,529)
Depreciation and amortization (106,565) (117,443)
General and administrative (41,595) (41,216)
(Expense) benefit from deferred compensation plan liability (3,728) 1,944
Transaction related costs and other (658) (1,005)
Total expenses (381,319) (374,249)
Income from partially owned entities 16,666 33,714
(Loss) income from real estate fund investments (19) 5,674
Interest and other investment income, net 9,603 1,018
Income (loss) from deferred compensation plan assets 3,728 (1,944)
Interest and debt expense (86,237) (52,109)
Net gains on disposition of wholly owned and partially owned assets 7,520 6,552
Income before income taxes 15,865 60,786
Income tax expense (4,667) (7,411)
Net income 11,198 53,375
Less net loss (income) attributable to noncontrolling interests in consolidated subsidiaries 9,928 (9,374)
Net income attributable to Vornado / Vornado Realty L.P. 20,697 42,007
Preferred share dividends / unit distributions (15,529) (15,529)
NET INCOME attributable to common shareholders / Class A unitholders 5,168 26,478
Rental revenues    
REVENUES:    
Revenues 396,793 397,283
Fee and other income    
REVENUES:    
Revenues 49,130 44,847
Vornado Realty L.P.    
REVENUES:    
Revenues 445,923 442,130
EXPENSES:    
Operating (228,773) (216,529)
Depreciation and amortization (106,565) (117,443)
General and administrative (41,595) (41,216)
(Expense) benefit from deferred compensation plan liability (3,728) 1,944
Transaction related costs and other (658) (1,005)
Total expenses (381,319) (374,249)
Income from partially owned entities 16,666 33,714
(Loss) income from real estate fund investments (19) 5,674
Interest and other investment income, net 9,603 1,018
Income (loss) from deferred compensation plan assets 3,728 (1,944)
Interest and debt expense (86,237) (52,109)
Net gains on disposition of wholly owned and partially owned assets 7,520 6,552
Income before income taxes 15,865 60,786
Income tax expense (4,667) (7,411)
Net income 11,198 53,375
Less net loss (income) attributable to noncontrolling interests in consolidated subsidiaries 9,928 (9,374)
Net income attributable to Vornado / Vornado Realty L.P. 21,126 44,001
Preferred share dividends / unit distributions (15,558) (15,558)
NET INCOME attributable to common shareholders / Class A unitholders $ 5,568 $ 28,443
Income from continuing operations, net    
Net income per Class A unit (in dollars per unit) $ 0.03 $ 0.14
Weighted average units outstanding, basic (in shares) 205,802 205,141
Income from continuing operations, net    
Net income per Class A unit (in dollars per unit) $ 0.03 $ 0.14
Weighted average units outstanding, diluted (in shares) 205,814 205,896
Vornado Realty L.P. | Rental revenues    
REVENUES:    
Revenues $ 396,793 $ 397,283
Vornado Realty L.P. | Fee and other income    
REVENUES:    
Revenues $ 49,130 $ 44,847