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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Earnings Less Than Distributions
Accumulated Other Comprehensive Income
Non-controlling Interests in Consolidated Subsidiaries
Vornado Realty L.P.
Vornado Realty L.P.
Preferred Stock
Vornado Realty L.P.
Class A Units Owned by Vornado
Vornado Realty L.P.
Earnings Less Than Distributions
Vornado Realty L.P.
Accumulated Other Comprehensive Income
Vornado Realty L.P.
Non-controlling Interests in Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2022   48,793,000         48,793,000        
Beginning balance at Dec. 31, 2022 $ 6,076,380 $ 1,182,459 $ (3,894,580) $ 174,967 $ 236,652 $ 6,076,380 $ 1,182,459 $ 8,376,882 $ (3,894,580) $ 174,967 $ 236,652
Beginning balance (in shares) at Dec. 31, 2022               191,867,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 82,603   82,603     86,640     86,640    
Net (income) loss attributable to redeemable partnership units (4,037)         (4,037)     (4,037)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 5,311       5,311 5,311         5,311
Distributions to Vornado           (71,950)     (71,950)    
Dividends on preferred shares (see Note 10 for dividends per share amounts) (31,058)   (31,058)     (31,058)     (31,058)    
Class A units issued to Vornado:                      
Class A units redeemed for common shares/ Upon redemption of redeemable Class A units, at redemption value (in shares)               394,000      
Class A units redeemed for common shares/ Upon redemption of redeemable Class A units, at redemption value 5,558         5,558   $ 5,558      
Under Vornado's dividend reinvestment plan (in shares)               6,000      
Under Vornado's dividend reinvestment plan 146         146   $ 146      
Contributions 22,328       22,328 22,328         22,328
Distributions (3,811)       (3,811) (3,811)         (3,811)
Repurchase of common shares / Repurchase of Class A units owned (in shares)               (1,722,000)      
Repurchase of common shares / Repurchase of Class A units owned (23,250)   (23,181)     (23,250)   $ (69) (23,181)    
Deferred compensation units and options (in shares)               (1,000)      
Deferred compensation shares and options 133   (36)     133   $ 169 (36)    
Other comprehensive income (loss) of nonconsolidated subsidiaries (3,144)     (3,144)   (3,144)       (3,144)  
Change in fair value of consolidated interest rate hedges and other (19,879)     (19,879)   (19,879)       (19,879)  
Redeemable Class A unit measurement adjustment (67,113)     (2,588)   (67,113)   (64,525)   (2,588)  
Unearned 2020 Out-Performance Plan and 2019 Performance AO LTIP awards 20,668         20,668   20,668      
Operating Partnership / Redeemable partnership units 1,608     1,608   1,608       1,608  
Consolidated subsidiaries 0     807 (807) 0       807 (807)
Ending balance (in shares) at Jun. 30, 2023   48,793,000         48,793,000        
Ending balance at Jun. 30, 2023 5,994,530 $ 1,182,459 (3,938,202) 151,771 259,673 5,994,530 $ 1,182,459 $ 8,338,829 (3,938,202) 151,771 259,673
Ending balance (in shares) at Jun. 30, 2023               190,544,000      
Beginning balance (in shares) at Mar. 31, 2023   48,793,000         48,793,000        
Beginning balance at Mar. 31, 2023 5,932,658 $ 1,182,459 (3,961,392) 95,562 241,026 5,932,658 $ 1,182,459 $ 8,375,003 (3,961,392) 95,562 241,026
Beginning balance (in shares) at Mar. 31, 2023               191,881,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 61,906   61,906     65,514     65,514    
Net (income) loss attributable to redeemable partnership units (3,608)         (3,608)     (3,608)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 5,995       5,995 5,995         5,995
Dividends on preferred shares (see Note 10 for dividends per share amounts) (15,529)   (15,529)     (15,529)     (15,529)    
Class A units issued to Vornado:                      
Class A units redeemed for common shares/ Upon redemption of redeemable Class A units, at redemption value (in shares)               385,000      
Class A units redeemed for common shares/ Upon redemption of redeemable Class A units, at redemption value 5,371         5,371   $ 5,371      
Contributions 16,200       16,200 16,200         16,200
Distributions (3,000)       (3,000) (3,000)         (3,000)
Repurchase of common shares / Repurchase of Class A units owned (in shares)               (1,722,000)      
Repurchase of common shares / Repurchase of Class A units owned (23,250)   (23,181)     (23,250)   $ (69) (23,181)    
Deferred compensation shares and options 79   (6)     79   85 (6)    
Other comprehensive income (loss) of nonconsolidated subsidiaries 185     185   185       185  
Change in fair value of consolidated interest rate hedges and other 61,657     61,657   61,657       61,657  
Redeemable Class A unit measurement adjustment (43,270)     (1,709)   (43,270)   (41,561)   (1,709)  
Operating Partnership / Redeemable partnership units (4,472)     (4,472)   (4,472)       (4,472)  
Consolidated subsidiaries 0     548 (548) 0       548 (548)
Ending balance (in shares) at Jun. 30, 2023   48,793,000         48,793,000        
Ending balance at Jun. 30, 2023 $ 5,994,530 $ 1,182,459 (3,938,202) 151,771 259,673 5,994,530 $ 1,182,459 $ 8,338,829 (3,938,202) 151,771 259,673
Ending balance (in shares) at Jun. 30, 2023               190,544,000      
Beginning balance (in shares) at Dec. 31, 2023 48,792,902 48,793,000         48,793,000        
Beginning balance at Dec. 31, 2023 $ 5,705,286 $ 1,182,459 (4,009,395) 65,115 196,222 5,705,286 $ 1,182,459 $ 8,270,885 (4,009,395) 65,115 196,222
Beginning balance (in shares) at Dec. 31, 2023 190,390,703             190,391,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income $ 57,284   57,284     59,698     59,698    
Net (income) loss attributable to redeemable partnership units (2,414)         (2,414)     (2,414)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (9,982)       (9,982) (9,982)         (9,982)
Dividends on preferred shares (see Note 10 for dividends per share amounts) (31,058)   (31,058)     (31,058)     (31,058)    
Class A units issued to Vornado:                      
Class A units redeemed for common shares/ Upon redemption of redeemable Class A units, at redemption value (in shares)               115,000      
Class A units redeemed for common shares/ Upon redemption of redeemable Class A units, at redemption value 3,040         3,040   $ 3,040      
Contributions 1,758       1,758 1,758         1,758
Distributions (185)       (185) (185)         (185)
Other comprehensive income (loss) of nonconsolidated subsidiaries (2,227)     (2,227)   (2,227)       (2,227)  
Change in fair value of consolidated interest rate hedges and other 49,401     49,401   49,401       49,401  
Redeemable Class A unit measurement adjustment 48,143     (43)   48,143   $ 48,186   (43)  
Operating Partnership / Redeemable partnership units (3,582)     (3,582)   (3,582)       (3,582)  
Consolidated subsidiaries 0     (3,885) 3,885 0       (3,885) 3,885
Other (in shares)               (1,000)      
Other $ 121   (25)   1 121   $ 145 (25)   1
Ending balance (in shares) at Jun. 30, 2024 48,792,902 48,793,000         48,793,000        
Ending balance at Jun. 30, 2024 $ 5,817,999 $ 1,182,459 (3,983,194) 104,779 191,699 5,817,999 $ 1,182,459 $ 8,322,256 (3,983,194) 104,779 191,699
Ending balance (in shares) at Jun. 30, 2024 190,505,371             190,505,000      
Beginning balance (in shares) at Mar. 31, 2024   48,793,000         48,793,000        
Beginning balance at Mar. 31, 2024 $ 5,734,168 $ 1,182,459 (4,018,454) 105,916 195,081 5,734,168 $ 1,182,459 $ 8,269,166 (4,018,454) 105,916 195,081
Beginning balance (in shares) at Mar. 31, 2024               190,483,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 50,789   50,789     53,989     53,989    
Net (income) loss attributable to redeemable partnership units (3,200)         (3,200)     (3,200)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (5,487)       (5,487) (5,487)         (5,487)
Dividends on preferred shares (see Note 10 for dividends per share amounts) (15,529)   (15,529)     (15,529)     (15,529)    
Class A units issued to Vornado:                      
Class A units redeemed for common shares/ Upon redemption of redeemable Class A units, at redemption value (in shares)               22,000      
Class A units redeemed for common shares/ Upon redemption of redeemable Class A units, at redemption value 551         551   $ 551      
Contributions 1,488       1,488 1,488         1,488
Distributions (107)       (107) (107)         (107)
Other comprehensive income (loss) of nonconsolidated subsidiaries (1,685)     (1,685)   (1,685)       (1,685)  
Change in fair value of consolidated interest rate hedges and other 1,192     1,192   1,192       1,192  
Redeemable Class A unit measurement adjustment 52,518     (21)   52,518   52,539   (21)  
Operating Partnership / Redeemable partnership units 100     100   100       100  
Consolidated subsidiaries 0     (723) 723 0       (723) 723
Other $ 1       1 1         1
Ending balance (in shares) at Jun. 30, 2024 48,792,902 48,793,000         48,793,000        
Ending balance at Jun. 30, 2024 $ 5,817,999 $ 1,182,459 $ (3,983,194) $ 104,779 $ 191,699 $ 5,817,999 $ 1,182,459 $ 8,322,256 $ (3,983,194) $ 104,779 $ 191,699
Ending balance (in shares) at Jun. 30, 2024 190,505,371             190,505,000