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Stock-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense Below is a summary of our stock-based compensation expense, a component of "general and administrative" expense on our consolidated statements of income.
 (Amounts in thousands)For the Year Ended December 31,
 202420232022
LTIP Units
$14,044 $22,179 $21,086 
Performance AO LTIP Units
12,774 11,426 94 
LTPP Units
2,519 7,189 5,145 
OPP Units
835 1,992 1,906 
Vornado stock options— 162 296 
Vornado restricted stock— 159 292 
AO LTIP Units
— 94 430 
$30,172 $43,201 $29,249 
Schedule of Unrecognized Compensation Expense
Below is a summary of unrecognized stock-based compensation expense as of December 31, 2024.
(Amounts in thousands)As of December 31, 2024Weighted-Average
Remaining Amortization Period
Performance AO LTIP Units$24,342 1.7
LTIP Units17,492 1.5
LTPP Units2,486 1.2
OPP Units371 1.0
$44,691 1.6
Schedule of Share Based Compensation Stock Options Activity
Below is a summary of Vornado’s stock option activity for the year ended December 31, 2024.
SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term
Outstanding as of December 31, 2023158,101 $65.52  
Expired(18,684)66.18  
Outstanding as of December 31, 2024139,417 $65.44 3.43
Options exercisable as of December 31, 2024139,417 $65.44 3.43
Below is a summary of AO LTIP Units activity for the year ended December 31, 2024.
SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term
Outstanding as of December 31, 2023541,814 $59.99  
Expired(7,749)58.22 
Exercised(4,229)36.72  
Outstanding as of December 31, 2024529,836 $60.20 4.26
Options exercisable as of December 31, 2024529,836 $60.20 4.26
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions The fair value of each Performance AO LTIP Unit granted was estimated on the date of grant using an option-pricing model with the following weighted-average assumptions for grants in the year ended December 31, 2023:
Expected volatility33%
Risk free interest rate4%
Expected dividend yield6%
Schedule of Performance AO LTIP Units Activity
Below is a summary of Performance AO LTIP Units activity for the year ended December 31, 2024.
SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term
Outstanding as of December 31, 202314,368,750 $16.87  
Forfeited(49,500)— 
Outstanding as of December 31, 202414,319,250 $16.87 8.5
Options exercisable as of December 31, 2024— $— — 
Schedule of Share Based Compensation Restricted Operating Partnership Units Activity
Below is a summary of restricted LTIP unit activity for the year ended December 31, 2024.
Unvested UnitsUnitsWeighted-Average
Grant-Date
Fair Value
Unvested as of December 31, 20233,210,159 $17.24 
Granted92,109 22.84 
Vested(374,649)28.58 
Forfeited(8,524)14.60 
Unvested as of December 31, 20242,919,095 15.97