XML 26 R9.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate, at cost:    
Land $ 2,436,221 $ 2,436,221
Buildings and improvements 10,017,573 9,952,954
Development costs and construction in progress 1,322,810 1,281,076
Leasehold improvements and equipment 131,762 130,953
Total 13,908,366 13,801,204
Less accumulated depreciation and amortization (3,837,679) (3,752,827)
Real estate, net 10,070,687 10,048,377
Right-of-use assets 678,951 680,044
Cash and cash equivalents 892,652 997,002
Restricted cash 256,268 264,582
Tenant and other receivables 76,627 69,543
Investments in partially owned entities 2,599,134 2,610,558
220 Central Park South condominium units ready for sale 36,578 35,941
Receivable arising from the straight-lining of rents 706,280 701,666
Deferred leasing costs, net of accumulated amortization of $257,027 and $249,347 355,790 355,010
Identified intangible assets, net of accumulated amortization of $101,641 and $98,589 124,887 127,082
Other assets 409,311 297,860
Assets 16,207,165 16,187,665
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,690,639 5,688,020
Senior unsecured notes, net 1,194,383 1,193,873
Unsecured term loan, net 794,906 794,559
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 737,500 732,859
Accounts payable and accrued expenses 388,988 411,044
Deferred revenue 30,877 32,199
Deferred compensation plan 108,919 105,245
Other liabilities 308,643 311,132
Total liabilities 9,829,855 9,843,931
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 643,142 638,448
Partners' equity:    
Earnings less than distributions (4,018,454) (4,009,395)
Accumulated other comprehensive income 105,916 65,115
Total shareholders' / partners' equity 5,539,087 5,509,064
Noncontrolling interests in consolidated subsidiaries 195,081 196,222
Total equity 5,734,168 5,705,286
Total liabilities, redeemable noncontrolling interests / partnership units and equity 16,207,165 16,187,665
Partnership Interest    
Redeemable noncontrolling interests:    
Class A units - 17,116,176 and 17,000,030 units outstanding 492,432 480,251
Series D cumulative redeemable preferred units - 141,400 units outstanding 3,535 3,535
Total redeemable noncontrolling interests 495,967 483,786
Redeemable noncontrolling interest in a consolidated subsidiary    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 147,175 154,662
Vornado Realty L.P.    
Real estate, at cost:    
Land 2,436,221 2,436,221
Buildings and improvements 10,017,573 9,952,954
Development costs and construction in progress 1,322,810 1,281,076
Leasehold improvements and equipment 131,762 130,953
Total 13,908,366 13,801,204
Less accumulated depreciation and amortization (3,837,679) (3,752,827)
Real estate, net 10,070,687 10,048,377
Right-of-use assets 678,951 680,044
Cash and cash equivalents 892,652 997,002
Restricted cash 256,268 264,582
Tenant and other receivables 76,627 69,543
Investments in partially owned entities 2,599,134 2,610,558
220 Central Park South condominium units ready for sale 36,578 35,941
Receivable arising from the straight-lining of rents 706,280 701,666
Deferred leasing costs, net of accumulated amortization of $257,027 and $249,347 355,790 355,010
Identified intangible assets, net of accumulated amortization of $101,641 and $98,589 124,887 127,082
Other assets 409,311 297,860
Assets 16,207,165 16,187,665
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,690,639 5,688,020
Senior unsecured notes, net 1,194,383 1,193,873
Unsecured term loan, net 794,906 794,559
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 737,500 732,859
Accounts payable and accrued expenses 388,988 411,044
Deferred revenue 30,877 32,199
Deferred compensation plan 108,919 105,245
Other liabilities 308,643 311,132
Total liabilities 9,829,855 9,843,931
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 643,142 638,448
Partners' equity:    
Partners' capital 9,451,625 9,453,344
Earnings less than distributions (4,018,454) (4,009,395)
Accumulated other comprehensive income 105,916 65,115
Total shareholders' / partners' equity 5,539,087 5,509,064
Noncontrolling interests in consolidated subsidiaries 195,081 196,222
Total equity 5,734,168 5,705,286
Total liabilities, redeemable noncontrolling interests / partnership units and equity 16,207,165 16,187,665
Vornado Realty L.P. | Partnership Interest    
Redeemable noncontrolling interests:    
Class A units - 17,116,176 and 17,000,030 units outstanding 492,432 480,251
Series D cumulative redeemable preferred units - 141,400 units outstanding 3,535 3,535
Total redeemable noncontrolling interests 495,967 483,786
Vornado Realty L.P. | Redeemable noncontrolling interest in a consolidated subsidiary    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests $ 147,175 $ 154,662