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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Real estate, at cost:    
Land $ 2,434,209 $ 2,436,221
Buildings and improvements 10,439,113 9,952,954
Development costs and construction in progress 1,097,395 1,281,076
Leasehold improvements and equipment 120,915 130,953
Total 14,091,632 13,801,204
Less accumulated depreciation and amortization (4,025,349) (3,752,827)
Real estate, net 10,066,283 10,048,377
Right-of-use assets 678,804 680,044
Cash and cash equivalents 733,947 997,002
Restricted cash 215,672 264,582
Tenant and other receivables 58,853 69,543
Investments in partially owned entities 2,691,478 2,610,558
Receivable arising from the straight-lining of rents 707,020 701,666
Deferred leasing costs, net of accumulated amortization of $268,532 and $249,347 354,882 355,010
Identified intangible assets, net of accumulated amortization of $75,002 and $98,589 118,215 127,082
Other assets 373,454 333,801
Assets 15,998,608 16,187,665
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,676,014 5,688,020
Senior unsecured notes, net 1,195,914 1,193,873
Unsecured term loan, net 795,948 794,559
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 749,759 732,859
Accounts payable and accrued expenses 374,013 411,044
Deferred revenue 28,424 32,199
Deferred compensation plan 114,580 105,245
Other liabilities 317,087 311,132
Total liabilities 9,826,739 9,843,931
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 834,658 638,448
Partners' equity:    
Earnings less than distributions (4,142,249) (4,009,395)
Accumulated other comprehensive income 57,700 65,115
Total shareholders' / partners' equity 5,158,242 5,509,064
Noncontrolling interests in consolidated subsidiaries 178,969 196,222
Total equity 5,337,211 5,705,286
Total liabilities, redeemable noncontrolling interests / partnership units and equity 15,998,608 16,187,665
Partnership Interest    
Redeemable noncontrolling interests:    
Class A units - 16,850,803 and 17,000,030 units outstanding 708,408 480,251
Series D cumulative redeemable preferred units - 141,400 units outstanding 3,535 3,535
Total redeemable noncontrolling interests 711,943 483,786
Redeemable noncontrolling interest in a consolidated subsidiary    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 122,715 154,662
Vornado Realty L.P.    
Real estate, at cost:    
Land 2,434,209 2,436,221
Buildings and improvements 10,439,113 9,952,954
Development costs and construction in progress 1,097,395 1,281,076
Leasehold improvements and equipment 120,915 130,953
Total 14,091,632 13,801,204
Less accumulated depreciation and amortization (4,025,349) (3,752,827)
Real estate, net 10,066,283 10,048,377
Right-of-use assets 678,804 680,044
Cash and cash equivalents 733,947 997,002
Restricted cash 215,672 264,582
Tenant and other receivables 58,853 69,543
Investments in partially owned entities 2,691,478 2,610,558
Receivable arising from the straight-lining of rents 707,020 701,666
Deferred leasing costs, net of accumulated amortization of $268,532 and $249,347 354,882 355,010
Identified intangible assets, net of accumulated amortization of $75,002 and $98,589 118,215 127,082
Other assets 373,454 333,801
Assets 15,998,608 16,187,665
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgages payable, net 5,676,014 5,688,020
Senior unsecured notes, net 1,195,914 1,193,873
Unsecured term loan, net 795,948 794,559
Unsecured revolving credit facilities 575,000 575,000
Lease liabilities 749,759 732,859
Accounts payable and accrued expenses 374,013 411,044
Deferred revenue 28,424 32,199
Deferred compensation plan 114,580 105,245
Other liabilities 317,087 311,132
Total liabilities 9,826,739 9,843,931
Commitments and contingencies
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests 834,658 638,448
Partners' equity:    
Partners' capital 9,242,791 9,453,344
Earnings less than distributions (4,142,249) (4,009,395)
Accumulated other comprehensive income 57,700 65,115
Total shareholders' / partners' equity 5,158,242 5,509,064
Noncontrolling interests in consolidated subsidiaries 178,969 196,222
Total equity 5,337,211 5,705,286
Total liabilities, redeemable noncontrolling interests / partnership units and equity 15,998,608 16,187,665
Vornado Realty L.P. | Partnership Interest    
Redeemable noncontrolling interests:    
Class A units - 16,850,803 and 17,000,030 units outstanding 708,408 480,251
Series D cumulative redeemable preferred units - 141,400 units outstanding 3,535 3,535
Total redeemable noncontrolling interests 711,943 483,786
Vornado Realty L.P. | Redeemable noncontrolling interest in a consolidated subsidiary    
Redeemable noncontrolling interests:    
Total redeemable noncontrolling interests $ 122,715 $ 154,662