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Stock-based Compensation
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Stock-based Compensation
Vornado’s 2023 Omnibus Share Plan provides the Compensation Committee of Vornado’s Board of Trustees the ability to grant incentive and non-qualified Vornado stock options, restricted Vornado common shares, restricted Operating Partnership units (“LTIP Units”), out-performance plan awards (“OPP Units”), appreciation-only long-term incentive plan units (“AO LTIP Units”), performance conditioned appreciation-only long-term incentive plan units (“Performance AO LTIP Units”), and long-term performance plan units (“LTPP Units”) to certain of our employees and officers.
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 Three Months Ended September 30,For the Nine Months Ended September 30,
 2025202420252024
Performance AO LTIP Units
$2,660 $2,910 $8,442 $9,853 
LTIP Units2,352 2,796 8,947 10,445 
LTPP Units
474 630 1,427 1,889 
OPP Units
87 208 298 626 
$5,573 $6,544 $19,114 $22,813