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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES:      
Total revenues $ 1,787,686 $ 1,811,163 $ 1,799,995
EXPENSES:      
Operating (927,796) (905,158) (873,911)
Depreciation and amortization (447,500) (434,273) (504,502)
General and administrative (148,520) (162,883) (133,731)
(Expense) benefit from deferred compensation plan liability (12,638) (12,162) 9,617
Transaction related costs, impairment losses and other (5,242) (50,691) (31,722)
Total expenses (1,541,696) (1,565,167) (1,534,249)
Income (loss) from partially owned entities 112,464 38,689 (461,351)
Interest and other investment income, net 45,974 43,287 23,410
Income (loss) from deferred compensation plan assets 12,638 12,162 (9,617)
Interest and debt expense (390,269) (349,223) (279,765)
Net gains on disposition of wholly owned and partially owned assets 16,048 71,199 100,625
Income (loss) before income taxes 42,845 62,110 (360,952)
Income tax expense (22,729) (29,222) (21,660)
Net income (loss) 20,116 32,888 (382,612)
Less net loss (income) attributable to noncontrolling interests in:      
Consolidated subsidiaries 51,131 75,967 5,737
Operating Partnership (860) (3,361) 30,376
Net income (loss) attributable to Vornado 70,387 105,494 (346,499)
Preferred share dividends/unit distributions (62,112) (62,116) (62,116)
NET INCOME (LOSS) attributable to Class A unitholders $ 8,275 $ 43,378 $ (408,615)
INCOME (LOSS) PER COMMON SHARE - BASIC:      
Net income (loss) per common share (in dollars per share) $ 0.04 $ 0.23 $ (2.13)
Weighted average shares outstanding (in shares) 190,539 191,005 191,775
INCOME (LOSS) PER COMMON SHARE - DILUTED:      
Net income (loss) per common share (in dollars per share) $ 0.04 $ 0.23 $ (2.13)
Weighted average shares outstanding (in shares) 196,626 191,856 191,775
Rental revenues      
REVENUES:      
Total revenues $ 1,568,806 $ 1,607,486 $ 1,607,685
Fee and other income      
REVENUES:      
Total revenues $ 218,880 $ 203,677 $ 192,310