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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES:        
Total revenues $ 472,359 $ 453,494 $ 918,282 $ 895,624
EXPENSES:        
Operating (222,723) (222,309) (451,496) (438,838)
Depreciation and amortization (107,162) (118,662) (213,727) (236,105)
General and administrative (39,410) (31,902) (81,005) (73,118)
(Expense) benefit from deferred compensation plan liability (2,182) 7,594 (5,910) 9,538
Transaction related costs and other (30) (2,960) (688) (3,965)
Total expenses (371,507) (368,239) (752,826) (742,488)
Income from partially owned entities 37,272 25,720 53,938 59,434
(Loss) income from real estate fund investments (102) (142) (121) 5,532
Interest and other investment income, net 13,255 3,036 22,858 4,054
Income (loss) from deferred compensation plan assets 2,182 (7,594) 5,910 (9,538)
Interest and debt expense (87,165) (62,640) (173,402) (114,749)
Net gains on disposition of wholly owned and partially owned assets 936 28,832 8,456 35,384
Income before income taxes 67,230 72,467 83,095 133,253
Income tax expense (4,497) (3,564) (9,164) (10,975)
Net income 62,733 68,903 73,931 122,278
Less net loss (income) attributable to noncontrolling interests in:        
Consolidated subsidiaries 2,781 826 12,709 (8,548)
Operating Partnership (3,608) (3,782) (4,037) (5,776)
Net income attributable to Vornado / Vornado Realty L.P. 61,906 65,947 82,603 107,954
Preferred share dividends / unit distributions (15,529) (15,529) (31,058) (31,058)
NET INCOME attributable to common shareholders / Class A unitholders $ 46,377 $ 50,418 $ 51,545 $ 76,896
INCOME PER COMMON SHARE - BASIC:        
Net income per common share(in dollars per share) $ 0.24 $ 0.26 $ 0.27 $ 0.40
Weighted average shares outstanding, basic (in shares) 191,468 191,750 191,668 191,737
INCOME PER COMMON SHARE - DILUTED:        
Net income per common share (in dollars per share) $ 0.24 $ 0.26 $ 0.27 $ 0.40
Weighted average shares outstanding, diluted (in shares) 194,804 192,039 194,364 192,047
Rental revenues        
REVENUES:        
Total revenues $ 418,834 $ 405,194 $ 815,627 $ 802,477
Fee and other income        
REVENUES:        
Total revenues $ 53,525 $ 48,300 $ 102,655 $ 93,147