XML 24 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets (VNO) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real estate, at cost:    
Land $ 2,436,221 $ 2,451,828
Buildings and improvements 9,952,954 9,804,204
Development costs and construction in progress 1,281,076 933,334
Leasehold improvements and equipment 130,953 125,389
Total 13,801,204 13,314,755
Less accumulated depreciation and amortization (3,752,827) (3,470,991)
Real estate, net 10,048,377 9,843,764
Right-of-use assets 680,044 684,380
Cash and cash equivalents 997,002 889,689
Restricted cash 264,582 131,468
Investments in U.S. Treasury bills 0 471,962
Tenant and other receivables 69,543 81,170
Investments in partially owned entities 2,610,558 2,665,073
220 Central Park South condominium units ready for sale 35,941 43,599
Receivable arising from the straight-lining of rents 701,666 694,972
Deferred leasing costs, net of accumulated amortization of $249,347 and $237,395 355,010 373,555
Identified intangible assets, net of accumulated amortization of $98,589 and $98,139 127,082 139,638
Other assets 297,860 474,105
Assets 16,187,665 16,493,375
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,688,020 5,829,018
Senior unsecured notes, net 1,193,873 1,191,832
Unsecured term loan, net 794,559 793,193
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 732,859 735,969
Accounts payable and accrued expenses 411,044 450,881
Deferred revenue 32,199 39,882
Deferred compensation plan 105,245 96,322
Other liabilities 311,132 268,166
Total liabilities 9,843,931 9,980,263
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 638,448 436,732
Partners' 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 190,390,703 and 191,866,880 shares 7,594 7,654
Additional capital 8,263,291 8,369,228
Earnings less than distributions (4,009,395) (3,894,580)
Accumulated other comprehensive income 65,115 174,967
Total shareholders' equity 5,509,064 5,839,728
Noncontrolling interests in consolidated subsidiaries 196,222 236,652
Total equity 5,705,286 6,076,380
Total liabilities, redeemable noncontrolling interests / partnership units and equity 16,187,665 16,493,375
Partnership Interest    
Redeemable noncontrolling interests:    
Class A units - 17,000,030 and 14,416,891 units outstanding 480,251 345,157
Series D cumulative redeemable preferred units - 141,400 units outstanding 3,535 3,535
Total redeemable noncontrolling interests 483,786 348,692
Redeemable noncontrolling interest in a consolidated subsidiary    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests $ 154,662 $ 88,040