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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real estate, at cost:    
Land $ 2,451,828 $ 2,451,828
Buildings and improvements 9,838,757 9,804,204
Development costs and construction in progress 1,058,518 933,334
Leasehold improvements and equipment 125,982 125,389
Total 13,475,085 13,314,755
Less accumulated depreciation and amortization (3,546,942) (3,470,991)
Real estate, net 9,928,143 9,843,764
Right-of-use assets 685,152 684,380
Cash and cash equivalents 890,957 889,689
Restricted cash 142,882 131,468
Investments in U.S. Treasury bills 276,645 471,962
Tenant and other receivables 95,034 81,170
Investments in partially owned entities 2,633,558 2,665,073
220 Central Park South condominium units ready for sale 37,644 43,599
Receivable arising from the straight-lining of rents 691,271 694,972
Deferred leasing costs, net of accumulated amortization of $239,454 and $237,395 366,960 373,555
Identified intangible assets, net of accumulated amortization of $100,616 and $98,139 137,161 139,638
Other assets 387,011 474,105
Assets 16,272,418 16,493,375
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,717,338 5,829,018
Senior unsecured notes, net 1,192,342 1,191,832
Unsecured term loan, net 793,517 793,193
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 740,301 735,969
Accounts payable and accrued expenses 441,741 450,881
Deferred revenue 37,879 39,882
Deferred compensation plan 98,996 96,322
Other liabilities 312,107 268,166
Total liabilities 9,909,221 9,980,263
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 430,539 436,732
Shareholders' equity:    
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,792,902 shares 1,182,459 1,182,459
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 191,880,615 and 191,866,880 shares 7,654 7,654
Additional capital 8,367,349 8,369,228
Earnings less than distributions (3,961,392) (3,894,580)
Accumulated other comprehensive income 95,562 174,967
Total Vornado shareholders' / partners' equity 5,691,632 5,839,728
Noncontrolling interests in consolidated subsidiaries 241,026 236,652
Total equity 5,932,658 6,076,380
Total liabilities, redeemable noncontrolling interests / partnership units and equity 16,272,418 16,493,375
Partnership Interest    
Redeemable noncontrolling interests:    
Class A units - 14,817,410 and 14,416,891 units outstanding 348,208 345,157
Series D cumulative redeemable preferred units - 141,400 units outstanding 3,535 3,535
Total redeemable noncontrolling interests 351,743 348,692
Subsidiary    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests $ 78,796 $ 88,040