XML 22 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Preferred Shares
Common Shares
Additional Capital
Earnings Less Than Distributions
Accumulated Other Comprehensive (Loss) Income
Non-controlling Interests in Consolidated Subsidiaries
Beginning balance, shares at Dec. 31, 2021   48,793,000          
Beginning balance, value at Dec. 31, 2021 $ 6,515,238 $ 1,182,459 $ 7,648 $ 8,143,093 $ (3,079,320) $ (17,534) $ 278,892
Beginning balance, shares at Dec. 31, 2021     191,724,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to Vornado / Vornado Realty L.P. 107,954       107,954    
Net income attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 12,269           12,269
Dividends on common shares (203,240)       (203,240)    
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share and distributions per unit amounts) (31,058)       (31,058)    
Common shares issued: / Class A Units issued to Vornado              
Common shares issued upon redemption of Class A units, at redemption value, shares     42,000        
Common shares issued upon redemption of Class A units, at redemption value 1,577   $ 2 1,575      
Under Vornado's employees' share option plan 7     7      
Under Vornado's dividend reinvestment plan, shares     12,000        
Under dividend reinvestment plan 434     434      
Contributions 4,253           4,253
Distributions (41,428)           (41,428)
Deferred compensation shares/units and options, shares     (2,000)        
Deferred compensation shares/units and options 207     292 (85)    
Other comprehensive income (loss) of nonconsolidated subsidiaries 13,960         13,960  
Change in fair value of consolidated interest rate swaps and other 83,619         83,619  
Redeemable Class A unit measurement adjustment 193,762     193,762      
Noncontrolling interests' share of other comprehensive loss (income) (6,745)         (6,745)  
Other, shares     (1,000)        
Other 4     (2) (2)   8
Ending balance, shares at Jun. 30, 2022   48,793,000          
Ending balance, value at Jun. 30, 2022 6,650,813 $ 1,182,459 $ 7,650 8,339,161 (3,205,751) 73,300 253,994
Ending balance, shares at Jun. 30, 2022     191,775,000        
Beginning balance, shares at Mar. 31, 2022   48,793,000          
Beginning balance, value at Mar. 31, 2022 6,437,970 $ 1,182,459 $ 7,649 8,097,523 (3,154,549) 51,776 253,112
Beginning balance, shares at Mar. 31, 2022     191,743,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to Vornado / Vornado Realty L.P. 65,947       65,947    
Net income attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 2,590           2,590
Dividends on common shares (101,624)       (101,624)    
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share and distributions per unit amounts) (15,529)       (15,529)    
Common shares issued: / Class A Units issued to Vornado              
Common shares issued upon redemption of Class A units, at redemption value, shares     26,000        
Common shares issued upon redemption of Class A units, at redemption value 860   $ 1 859      
Under Vornado's dividend reinvestment plan, shares     7,000        
Under dividend reinvestment plan 222     222      
Contributions 3,772           3,772
Distributions (5,467)           (5,467)
Deferred compensation shares/units and options 146     146      
Other comprehensive income (loss) of nonconsolidated subsidiaries 4,755         4,755  
Change in fair value of consolidated interest rate swaps and other 18,380         18,380  
Redeemable Class A unit measurement adjustment 240,413     240,413      
Noncontrolling interests' share of other comprehensive loss (income) (1,611)         (1,611)  
Other (11)   $ (1) (2) 4   (13)
Ending balance, shares at Jun. 30, 2022   48,793,000          
Ending balance, value at Jun. 30, 2022 $ 6,650,813 $ 1,182,459 $ 7,650 8,339,161 (3,205,751) 73,300 253,994
Ending balance, shares at Jun. 30, 2022     191,775,000        
Beginning balance, shares at Dec. 31, 2022 48,792,902 48,793,000          
Beginning balance, value at Dec. 31, 2022 $ 6,076,380 $ 1,182,459 $ 7,654 8,369,228 (3,894,580) 174,967 236,652
Beginning balance, shares at Dec. 31, 2022 191,866,880   191,867,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to Vornado / Vornado Realty L.P. $ 82,603       82,603    
Net income attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 5,311           5,311
Dividends on common shares (71,950)       (71,950)    
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share and distributions per unit amounts) (31,058)       (31,058)    
Common shares issued: / Class A Units issued to Vornado              
Common shares issued upon redemption of Class A units, at redemption value, shares     394,000        
Common shares issued upon redemption of Class A units, at redemption value 5,558   $ 16 5,542      
Under Vornado's dividend reinvestment plan, shares     6,000        
Under dividend reinvestment plan 146     146      
Contributions 22,328           22,328
Distributions (3,811)           (3,811)
Deferred compensation shares/units and options, shares     (1,000)        
Deferred compensation shares/units and options 133     169 (36)    
Repurchase of common shares/Class A units owned by Vornado, shares     (1,722,295)        
Repurchase of common shares/Class A units owned by Vornado (23,250)   $ (69)   (23,181)    
Other comprehensive income (loss) of nonconsolidated subsidiaries (3,144)         (3,144)  
Change in fair value of consolidated interest rate swaps and other (19,879)         (19,879)  
Unearned 2020 Out-Performance Plan and 2019 Performance AO LTIP awards 20,668     20,668      
Redeemable Class A unit measurement adjustment (67,113)     (64,525)   (2,588)  
Noncontrolling interests' share of other comprehensive loss (income) $ 1,608         2,415 (807)
Ending balance, shares at Jun. 30, 2023 48,792,902 48,793,000          
Ending balance, value at Jun. 30, 2023 $ 5,994,530 $ 1,182,459 $ 7,601 8,331,228 (3,938,202) 151,771 259,673
Ending balance, shares at Jun. 30, 2023 190,543,866   190,544,000        
Beginning balance, shares at Mar. 31, 2023   48,793,000          
Beginning balance, value at Mar. 31, 2023 $ 5,932,658 $ 1,182,459 $ 7,654 8,367,349 (3,961,392) 95,562 241,026
Beginning balance, shares at Mar. 31, 2023     191,881,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to Vornado / Vornado Realty L.P. 61,906       61,906    
Net income attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 5,995           5,995
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share and distributions per unit amounts) (15,529)       (15,529)    
Common shares issued: / Class A Units issued to Vornado              
Common shares issued upon redemption of Class A units, at redemption value, shares     385,000        
Common shares issued upon redemption of Class A units, at redemption value 5,371   $ 16 5,355      
Contributions 16,200           16,200
Distributions (3,000)           (3,000)
Deferred compensation shares/units and options 79     85 (6)    
Repurchase of common shares/Class A units owned by Vornado, shares     (1,722,295)        
Repurchase of common shares/Class A units owned by Vornado (23,250)   $ (69)   (23,181)    
Other comprehensive income (loss) of nonconsolidated subsidiaries 185         185  
Change in fair value of consolidated interest rate swaps and other 61,657         61,657  
Redeemable Class A unit measurement adjustment (43,270)     (41,561)   (1,709)  
Noncontrolling interests' share of other comprehensive loss (income) $ (4,472)         (3,924) (548)
Ending balance, shares at Jun. 30, 2023 48,792,902 48,793,000          
Ending balance, value at Jun. 30, 2023 $ 5,994,530 $ 1,182,459 $ 7,601 $ 8,331,228 $ (3,938,202) $ 151,771 $ 259,673
Ending balance, shares at Jun. 30, 2023 190,543,866   190,544,000