XML 36 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Preferred Units
Class A Units Owned by Vornado
Earnings Less Than Distributions
Accumulated Other Comprehensive (Loss) Income
Non- controlling Interests in Consolidated Subsidiaries
Vornado Realty L.P.
Vornado Realty L.P.
Preferred Units
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 (Loss) Income
Vornado Realty L.P.
Non- controlling Interests in Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2021   48,793,000           48,793,000        
Beginning balance at Dec. 31, 2021 $ 6,515,238 $ 1,182,459   $ (3,079,320) $ (17,534) $ 278,892 $ 6,515,238 $ 1,182,459 $ 8,150,741 $ (3,079,320) $ (17,534) $ 278,892
Beginning balance (in shares) at Dec. 31, 2021                 191,724,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) attributable to Vornado (346,499)     (346,499)     (376,875)     (376,875)    
Net loss attributable to redeemable partnership units             30,376     30,376    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries 3,931         3,931 3,931         3,931
Distributions to Vornado             (406,562)     (406,562)    
Distributions to preferred unitholders (see Note 10 for distributions per unit amounts) (62,116)     (62,116)     (62,116)     (62,116)    
Class A units issued to Vornado:                        
Upon redemption of redeemable Class A units, at redemption value (in shares)                 117,000      
Upon redemption of redeemable Class A units, at redemption value 3,524           3,524   $ 3,524      
Under Vornado's employees' share option plan 7   $ 7                  
Under Vornado's dividend reinvestment plan (in shares)                 28,000      
Under Vornado's dividend reinvestment plan 878           878   $ 878      
Contributions 5,609         5,609 5,609         5,609
Distributions (54,388)         (54,388) (54,388)         (54,388)
Deferred compensation units and options (in shares)                 (2,000)      
Deferred compensation units and options 503     (85)     503   $ 588 (85)    
Other comprehensive income (loss) of nonconsolidated subsidiaries 18,874       18,874   18,874       18,874  
Change in fair value of consolidated interest rate hedges and other 190,494       190,494   190,494       190,494  
Redeemable Class A unit measurement adjustment 221,145           221,145   221,145   0  
Redeemable partnership units (14,250)       (14,250)   (14,250)       (14,250)  
Consolidated subsidiaries 0       (2,616) 2,616 0       (2,616) 2,616
Other (8)     2 (1) (8) (8)   (1) 2 (1) (8)
Ending balance (in shares) at Dec. 31, 2022   48,793,000           48,793,000        
Ending 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
Ending balance (in shares) at Dec. 31, 2022                 191,867,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) attributable to Vornado 105,494     105,494     108,855     108,855    
Net loss attributable to redeemable partnership units             (3,361)     (3,361)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (36,582)         (36,582) (36,582)         (36,582)
Distributions to Vornado             (129,066)     (129,066)    
Distributions to preferred unitholders (see Note 10 for distributions per unit amounts) (62,116)     (62,116)     (62,116)     (62,116)    
Class A units issued to Vornado:                        
Upon redemption of redeemable Class A units, at redemption value (in shares)                 539,000      
Upon redemption of redeemable Class A units, at redemption value 8,489           8,489   $ 8,489      
Under Vornado's dividend reinvestment plan (in shares)                 11,000      
Under Vornado's dividend reinvestment plan 146           146   $ 146      
Contributions 24,033         24,033 24,033         24,033
Distributions (21,526)         (21,526) (21,526)         (21,526)
Deferred compensation units and options (in shares)                 (2,000)      
Deferred compensation units and options 296     (25)     296   $ 321 (25)    
Repurchase of Class A units owned by Vornado (in shares)                 (2,024,000)      
Repurchase of Class A units owned by Vornado (29,183)     (29,102)     (29,183)   $ (81) (29,102)    
Other comprehensive income (loss) of nonconsolidated subsidiaries (8,286)       (8,286)   (8,286)       (8,286)  
Change in fair value of consolidated interest rate hedges and other (112,051)       (112,051)   (112,051)       (112,051)  
Unearned 2020 Out-Performance Plan and 2019 Performance AO LTIP awards 20,668           20,668   20,668      
Redeemable Class A unit measurement adjustment (138,114)       (2,574)   (138,114)   (135,540)   (2,574)  
Redeemable partnership units 9,340       9,340   9,340       9,340  
Consolidated subsidiaries 0       3,719 (3,719) 0       3,719 (3,719)
Deconsolidation of partially owned entity $ (2,636)         (2,636) (2,636)         (2,636)
Ending balance (in shares) at Dec. 31, 2023 48,792,902 48,793,000           48,793,000        
Ending 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
Ending balance (in shares) at Dec. 31, 2023 190,390,703               190,391,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) attributable to Vornado $ 70,387     70,387     71,247     71,247    
Net loss attributable to redeemable partnership units             (860)     (860)    
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries (19,964)         (19,964) (19,964)         (19,964)
Distributions to Vornado             (141,103)     (141,103)    
Distributions to preferred unitholders (see Note 10 for distributions per unit amounts) (62,112)     (62,112)     (62,112)     (62,112)    
Class A units issued to Vornado:                        
Upon redemption of redeemable Class A units, at redemption value (in shares)                 449,000      
Upon redemption of redeemable Class A units, at redemption value 15,912           15,912   $ 15,912      
Conversion of Series A preferred units to common shares (in shares)   (4,000)           (4,000) 7,000      
Conversion of Series A preferred units to common shares 0 $ (95)         0 $ (95) $ 95      
Contributions 1,961         1,961 1,961         1,961
Distributions (1,339)         (1,339) (1,339)         (1,339)
Other comprehensive income (loss) of nonconsolidated subsidiaries (6,992)       (6,992)   (6,992)       (6,992)  
Change in fair value of consolidated interest rate hedges and other 947       947   947       947  
Redeemable Class A unit measurement adjustment (226,586)       26   (226,586)   (226,612)   26  
Redeemable partnership units 693       693   693       693  
Consolidated subsidiaries 0       (2,087) 2,087 0       (2,087) 2,087
Other $ 121     (26) (2) 2 121   147 (26) (2) 2
Ending balance (in shares) at Dec. 31, 2024 48,789,180 48,789,000           48,789,000        
Ending balance at Dec. 31, 2024 $ 5,337,211 $ 1,182,364   $ (4,142,249) $ 57,700 $ 178,969 $ 5,337,211 $ 1,182,364 $ 8,060,427 $ (4,142,249) $ 57,700 $ 178,969
Ending balance (in shares) at Dec. 31, 2024 190,846,580               190,847,000