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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES:        
Total revenues $ 450,995 $ 457,431 $ 1,369,277 $ 1,353,055
EXPENSES:        
Operating (233,737) (221,596) (685,233) (660,434)
Depreciation and amortization (110,349) (134,526) (324,076) (370,631)
General and administrative (35,838) (29,174) (116,843) (102,292)
(Expense) benefit from deferred compensation plan liability (1,631) 600 (7,541) 10,138
Transaction related costs and other (813) (996) (1,501) (4,961)
Total expenses (382,368) (385,692) (1,135,194) (1,128,180)
Income from partially owned entities 18,269 24,341 72,207 83,775
Income (loss) from real estate fund investments 1,783 (111) 1,662 5,421
Interest and other investment income, net 12,934 5,228 35,792 9,282
Income (loss) from deferred compensation plan assets 1,631 (600) 7,541 (10,138)
Interest and debt expense (88,126) (76,774) (261,528) (191,523)
Net gains on disposition of wholly owned and partially owned assets 56,136 0 64,592 35,384
Income before income taxes 71,254 23,823 154,349 157,076
Income tax expense (11,684) (3,711) (20,848) (14,686)
Net income 59,570 20,112 133,501 142,390
Less net loss (income) attributable to noncontrolling interests in:        
Consolidated subsidiaries 13,541 3,792 26,250 (4,756)
Operating Partnership (4,736) (606) (8,773) (6,382)
Net income attributable to Vornado / Vornado Realty L.P. 68,375 23,298 150,978 131,252
Preferred share dividends (15,529) (15,529) (46,587) (46,587)
NET INCOME attributable to common shareholders / Class A unitholders $ 52,846 $ 7,769 $ 104,391 $ 84,665
INCOME PER COMMON SHARE - BASIC:        
Net income per common share (in dollars per share) $ 0.28 $ 0.04 $ 0.55 $ 0.44
Weighted average shares outstanding, basic (in shares) 190,364 191,793 191,228 191,756
INCOME PER COMMON SHARE - DILUTED:        
Net income per common share (in dollars per share) $ 0.28 $ 0.04 $ 0.54 $ 0.44
Weighted average shares outstanding, diluted (in shares) 192,921 192,018 193,845 192,042
Rental revenues        
REVENUES:        
Total revenues $ 400,367 $ 409,144 $ 1,215,994 $ 1,211,621
Fee and other income        
REVENUES:        
Total revenues $ 50,628 $ 48,287 $ 153,283 $ 141,434