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Redeemable Noncontrolling Interests (Tables)
 12 Months Ended
Dec. 31, 2024
Noncontrolling Interest [Abstract]  
Schedule of Redeemable Noncontrolling Partnership Units
Below are the details of redeemable noncontrolling partnership units.
(Amounts in thousands, except units and per unit amounts)Balance as of December 31,Units Outstanding as of December 31,Per Unit
Liquidation
Preference		Preferred or
Annual
Distribution
Rate
Unit Series2024202320242023
Common:      
Class A units held by third parties$708,408 
(1)
$480,251 
(1)
16,850,803 17,000,030 n/a$0.74 
Perpetual Preferred/Redeemable Preferred:      
3.25% D-17 Cumulative Redeemable(2)
$3,535 $3,535 141,400 141,400 $25.00 $0.8125 
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(1)Balance reflects the redemption value which is based on Vornado’s quarter-end closing common share price.
(2)Holders may tender units for redemption to the Operating Partnership for cash at their stated redemption amount; Vornado, at its option, may assume that obligation and pay the holders either cash or Vornado preferred shares on a one-for-one basis. These units are redeemable at Vornado's option at any time.
Schedule of Activity of Redeemable Noncontrolling Interests
Below is a table summarizing the activity of redeemable noncontrolling partnership units.
(Amounts in thousands)For the Year Ended December 31,
20242023
Beginning balance$483,786 $348,692 
Net income860 3,361 
Other comprehensive loss(693)(9,340)
Distributions(12,698)(10,783)
Redemption of Class A units for Vornado common shares, at redemption value(15,912)(8,489)
Redeemable Class A unit measurement adjustment226,586 138,114 
Other, net30,014 22,231 
Ending balance$711,943 $483,786 
Below is a table summarizing the activity of the redeemable noncontrolling interest in a consolidated subsidiary.
For the Year Ended December 31,
(Amounts in thousands)20242023
Beginning balance$154,662 $88,040 
Net loss(31,167)(39,385)
Distributions(4,119)(6,661)
Contributions3,339 112,668 
Ending balance$122,715 $154,662