Vornado Realty (VNOD) 10-Q 1 Nov 21 2021 Q3 Quarterly report Financial data

Cover

Cover	9 Months Ended
	Sep. 30, 2021shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-11954
Entity Registrant Name	Vornado Realty Trust
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	22-1657560
Entity Address, Address Line One	888 Seventh Avenue,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	(212)
Local Phone Number	894-7000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	191,680,984
Entity Central Index Key	0000899689
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Common Shares of beneficial interest, $.04 par value per share | New York Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	Common Shares of beneficial interest, $.04 par value per share
Entity Trading Symbol	VNO
Security Exchange Name	NYSE
5.70% Series K | New York Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	5.70% Series K
Entity Trading Symbol	VNO/PK
Security Exchange Name	NYSE
5.40% Series L | New York Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	5.40% Series L
Entity Trading Symbol	VNO/PL
Security Exchange Name	NYSE
5.25% Series M | New York Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	5.25% Series M
Entity Trading Symbol	VNO/PM
Security Exchange Name	NYSE
5.25% Series N | New York Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	5.25% Series N
Entity Trading Symbol	VNO/PN
Security Exchange Name	NYSE
4.45% Series O | New York Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	4.45% Series O
Entity Trading Symbol	VNO/PO
Security Exchange Name	NYSE
Vornado Realty L.P.
Entity Information [Line Items]
Entity File Number	001-34482
Entity Registrant Name	VORNADO REALTY LP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3925979
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001040765
Document Fiscal Year Focus	2021

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Real estate, at cost:
Land	$ 2,528,207	$ 2,420,054
Buildings and improvements	8,449,768	7,933,030
Development costs and construction in progress	1,830,660	1,604,637
Leasehold improvements and equipment	111,233	130,222
Total	12,919,868	12,087,943
Less accumulated depreciation and amortization	(3,309,273)	(3,169,446)
Real estate, net	9,610,595	8,918,497
Right-of-use assets	337,130	367,365
Cash and cash equivalents	2,128,964	1,624,482
Restricted cash	139,233	105,887
Tenant and other receivables	89,606	77,658
Investments in partially owned entities	3,287,870	3,491,107
Real estate fund investments	3,739	3,739
220 Central Park South condominium units ready for sale	77,658	128,215
Receivable arising from the straight-lining of rents	656,137	674,075
Deferred leasing costs, net of accumulated amortization of $209,266 and $196,972	386,273	372,919
Identified intangible assets, net of accumulated amortization of $93,643 and $93,113	158,438	23,856
Other assets	613,157	434,022
Assets	17,488,800	16,221,822
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgages payable, net	6,069,512	5,580,549
Senior unsecured notes, net	1,189,680	446,685
Unsecured term loan, net	797,549	796,762
Unsecured revolving credit facilities	575,000	575,000
Lease liabilities	372,908	401,008
Accounts payable and accrued expenses	449,768	427,202
Deferred revenue	50,064	40,110
Deferred compensation plan	107,860	105,564
Preferred shares to be redeemed on October 13, 2021	300,000	0
Other liabilities	305,946	294,520
Total liabilities	10,218,287	8,667,400
Commitments and contingencies
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests	690,688	606,267
Shareholders' / Partner's Equity
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,792,902 and 48,793,402 shares	1,182,499	1,182,339
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 191,680,984 and 191,354,679 shares	7,646	7,633
Additional capital	8,138,337	8,192,507
Earnings less than distributions	(2,988,999)	(2,774,182)
Accumulated other comprehensive loss	(45,179)	(75,099)
Total Vornado shareholders' / partners equity	6,294,304	6,533,198
Noncontrolling interests in consolidated subsidiaries	285,521	414,957
Total equity	6,579,825	6,948,155
Total liabilities, redeemable noncontrolling interests / partnership units and equity	17,488,800	16,221,822
Vornado Realty L.P.
Real estate, at cost:
Land	2,528,207	2,420,054
Buildings and improvements	8,449,768	7,933,030
Development costs and construction in progress	1,830,660	1,604,637
Leasehold improvements and equipment	111,233	130,222
Total	12,919,868	12,087,943
Less accumulated depreciation and amortization	(3,309,273)	(3,169,446)
Real estate, net	9,610,595	8,918,497
Right-of-use assets	337,130	367,365
Cash and cash equivalents	2,128,964	1,624,482
Restricted cash	139,233	105,887
Tenant and other receivables	89,606	77,658
Investments in partially owned entities	3,287,870	3,491,107
Real estate fund investments	3,739	3,739
220 Central Park South condominium units ready for sale	77,658	128,215
Receivable arising from the straight-lining of rents	656,137	674,075
Deferred leasing costs, net of accumulated amortization of $209,266 and $196,972	386,273	372,919
Identified intangible assets, net of accumulated amortization of $93,643 and $93,113	158,438	23,856
Other assets	613,157	434,022
Assets	17,488,800	16,221,822
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgages payable, net	6,069,512	5,580,549
Senior unsecured notes, net	1,189,680	446,685
Unsecured term loan, net	797,549	796,762
Unsecured revolving credit facilities	575,000	575,000
Lease liabilities	372,908	401,008
Accounts payable and accrued expenses	449,768	427,202
Deferred revenue	50,064	40,110
Deferred compensation plan	107,860	105,564
Preferred shares to be redeemed on October 13, 2021	300,000	0
Other liabilities	305,946	294,520
Total liabilities	10,218,287	8,667,400
Commitments and contingencies
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests	690,688	606,267
Shareholders' / Partner's Equity
Partners' capital	9,328,482	9,382,479
Earnings less than distributions	(2,988,999)	(2,774,182)
Accumulated other comprehensive loss	(45,179)	(75,099)
Total Vornado shareholders' / partners equity	6,294,304	6,533,198
Noncontrolling interests in consolidated subsidiaries	285,521	414,957
Total equity	6,579,825	6,948,155
Total liabilities, redeemable noncontrolling interests / partnership units and equity	17,488,800	16,221,822
Partnership Interest
Redeemable noncontrolling interests:
Class A units - 14,070,794 and 13,583,607 units outstanding	591,114	507,212
Series D cumulative redeemable preferred units - 141,400 and 141,401 units outstanding	3,535	4,535
Total redeemable noncontrolling interests	594,649	511,747
Partnership Interest | Vornado Realty L.P.
Redeemable noncontrolling interests:
Class A units - 14,070,794 and 13,583,607 units outstanding	591,114	507,212
Series D cumulative redeemable preferred units - 141,400 and 141,401 units outstanding	3,535	4,535
Total redeemable noncontrolling interests	594,649	511,747
Subsidiary
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests	96,039	94,520
Subsidiary | Vornado Realty L.P.
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests	$ 96,039	$ 94,520

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Deferred leasing costs, accumulated amortization	$ 209,266	$ 196,972
Identified intangible assets, accumulated amortization	$ 93,643	$ 93,113
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Preferred shares of beneficial interest: par value per share (in dollars per share)	$ 0	$ 0
Preferred shares of beneficial interest: authorized shares (shares)	110,000,000	110,000,000
Preferred shares of beneficial interest: issued shares (shares)	48,792,902	48,793,402
Preferred shares of beneficial interest: outstanding shares (shares)	48,792,902	48,793,402
Common shares of beneficial interest: par value per share (in dollars per share)	$ 0.04	$ 0.04
Common shares of beneficial interest: authorized shares (shares)	250,000,000	250,000,000
Common shares of beneficial interest: issued shares (shares)	191,680,984	191,354,679
Common shares of beneficial interest: outstanding shares (shares)	191,680,984	191,354,679
Class A Unit
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties (shares)	14,070,794	13,583,607
Cumulative Redeemable Preferred Unit
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties (shares)	141,400	141,401
Vornado Realty L.P.
ASSETS
Deferred leasing costs, accumulated amortization	$ 209,266	$ 196,972
Identified intangible assets, accumulated amortization	$ 93,643	$ 93,113
Vornado Realty L.P. | Class A Unit
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties (shares)	14,070,794	13,583,607
Vornado Realty L.P. | Cumulative Redeemable Preferred Unit
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties (shares)	141,400	141,401

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
REVENUES:
Revenues	$ 409,212	$ 363,962	$ 1,168,130	$ 1,151,520
EXPENSES:
Operating	(212,699)	(195,645)	(594,598)	(600,077)
Depreciation and amortization	(100,867)	(107,013)	(285,998)	(292,611)
General and administrative	(25,553)	(32,407)	(100,341)	(120,255)
(Expense) benefit from deferred compensation plan liability	(799)	(4,341)	(7,422)	548
(Impairment losses, transaction related costs and other) lease liability extinguishment gain	(9,681)	(584)	(10,630)	68,566
Total expenses	(349,599)	(339,990)	(998,989)	(943,829)
Income (loss) from partially owned entities	26,269	(80,909)	86,768	(353,679)
(Loss) income from real estate fund investments	(66)	(13,823)	5,107	(225,328)
Interest and other investment income (loss), net	633	1,729	3,694	(7,068)
Income (loss) from deferred compensation plan assets	799	4,341	7,422	(548)
Interest and debt expense	(50,946)	(57,371)	(152,904)	(174,618)
Net gains on disposition of wholly owned and partially owned assets	10,087	214,578	35,811	338,862
Income (loss) before income taxes	46,389	92,517	155,039	(214,688)
Income tax benefit (expense)	25,376	(23,781)	20,551	(38,431)
Net income (loss)	71,765	68,736	175,590	(253,119)
Less net (income) loss attributable to noncontrolling interests / consolidated subsidiaries in:
Consolidated subsidiaries	(5,425)	848	(20,323)	141,003
Operating Partnership	(2,818)	(3,884)	(6,683)	10,090
Net income (loss) attributable to Vornado / Vornado Realty L.P.	63,522	65,700	148,584	(102,026)
Preferred share dividends / unit distributions	(16,800)	(12,530)	(49,734)	(37,591)
Preferred share / unit issuance costs	(9,033)	0	(9,033)	0
NET INCOME (LOSS) attributable to common shareholders / Class A unitholders	$ 37,689	$ 53,170	$ 89,817	$ (139,617)
INCOME (LOSS) PER COMMON SHARE - BASIC:
Net income (loss) per common share (in dollars per share)	$ 0.20	$ 0.28	$ 0.47	$ (0.73)
Weighted average shares outstanding, basic (in shares)	191,577	191,162	191,508	191,102
INCOME (LOSS) PER COMMON SHARE - DILUTED:
Net income (loss) per common share (in dollars per share)	$ 0.20	$ 0.28	$ 0.47	$ (0.73)
Weighted average shares outstanding, diluted (in shares)	192,041	191,162	192,151	191,102
Vornado Realty L.P.
REVENUES:
Revenues	$ 409,212	$ 363,962	$ 1,168,130	$ 1,151,520
EXPENSES:
Operating	(212,699)	(195,645)	(594,598)	(600,077)
Depreciation and amortization	(100,867)	(107,013)	(285,998)	(292,611)
General and administrative	(25,553)	(32,407)	(100,341)	(120,255)
(Expense) benefit from deferred compensation plan liability	(799)	(4,341)	(7,422)	548
(Impairment losses, transaction related costs and other) lease liability extinguishment gain	(9,681)	(584)	(10,630)	68,566
Total expenses	(349,599)	(339,990)	(998,989)	(943,829)
Income (loss) from partially owned entities	26,269	(80,909)	86,768	(353,679)
(Loss) income from real estate fund investments	(66)	(13,823)	5,107	(225,328)
Interest and other investment income (loss), net	633	1,729	3,694	(7,068)
Income (loss) from deferred compensation plan assets	799	4,341	7,422	(548)
Interest and debt expense	(50,946)	(57,371)	(152,904)	(174,618)
Net gains on disposition of wholly owned and partially owned assets	10,087	214,578	35,811	338,862
Income (loss) before income taxes	46,389	92,517	155,039	(214,688)
Income tax benefit (expense)	25,376	(23,781)	20,551	(38,431)
Net income (loss)	71,765	68,736	175,590	(253,119)
Less net (income) loss attributable to noncontrolling interests / consolidated subsidiaries in:
Consolidated subsidiaries	(5,425)	848	(20,323)	141,003
Operating Partnership	(2,818)	(3,884)	(6,683)	10,090
Net income (loss) attributable to Vornado / Vornado Realty L.P.	66,340	69,584	155,267	(112,116)
Preferred share dividends / unit distributions	(16,842)	(12,572)	(49,858)	(37,715)
Preferred share / unit issuance costs	(9,033)	0	(9,033)	0
NET INCOME (LOSS) attributable to common shareholders / Class A unitholders	$ 40,465	$ 57,012	$ 96,376	$ (149,831)
INCOME (LOSS) PER CLASS A UNIT - BASIC:
Net income (loss) per Class A unit (in dollars per unit)	$ 0.19	$ 0.28	$ 0.46	$ (0.76)
Weighted average units outstanding, basic (in shares)	204,864	203,554	204,663	203,480
INCOME (LOSS) PER CLASS A UNIT - DILUTED:
Net income (loss) per Class A unit (in dollars per unit)	$ 0.19	$ 0.28	$ 0.46	$ (0.76)
Weighted average units outstanding, diluted (in shares)	205,703	203,554	205,616	203,480
Rental revenues
REVENUES:
Revenues	$ 369,203	$ 322,253	$ 1,048,116	$ 1,038,721
Rental revenues | Vornado Realty L.P.
REVENUES:
Revenues	369,203	322,253	1,048,116	1,038,721
Fee and other income
REVENUES:
Revenues	40,009	41,709	120,014	112,799
Fee and other income | Vornado Realty L.P.
REVENUES:
Revenues	$ 40,009	$ 41,709	$ 120,014	$ 112,799

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Net income (loss)	$ 71,765	$ 68,736	$ 175,590	$ (253,119)
Other comprehensive income (loss):
Increase (reduction) in value of interest rate swaps and other	5,362	7,926	25,555	(37,473)
Other comprehensive income (loss) of nonconsolidated subsidiaries	1,322	(15,634)	6,381	(15,626)
Comprehensive income (loss)	78,449	61,028	207,526	(306,218)
Less comprehensive (income) loss attributable to noncontrolling interests in noncontrolling interests / consolidated subsidiaries	(8,669)	(2,516)	(29,022)	154,591
Comprehensive income (loss) attributable to Vornado / Vornado Realty L.P.	69,780	58,512	178,504	(151,627)
Vornado Realty L.P.
Net income (loss)	71,765	68,736	175,590	(253,119)
Other comprehensive income (loss):
Increase (reduction) in value of interest rate swaps and other	5,362	7,926	25,555	(37,473)
Other comprehensive income (loss) of nonconsolidated subsidiaries	1,322	(15,634)	6,381	(15,626)
Comprehensive income (loss)	78,449	61,028	207,526	(306,218)
Less comprehensive (income) loss attributable to noncontrolling interests in noncontrolling interests / consolidated subsidiaries	(5,425)	848	(20,323)	141,003
Comprehensive income (loss) attributable to Vornado / Vornado Realty L.P.	$ 73,024	$ 61,876	$ 187,203	$ (165,215)

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Series O Preferred Stock	Series K Preferred Stock	Real estate fund investments	Other	Preferred Shares	Preferred SharesSeries O Preferred Stock	Preferred SharesSeries K Preferred Stock	Common Shares	Additional Capital	Earnings Less Than Distributions	Earnings Less Than DistributionsSeries K Preferred Stock	Accumulated Other Comprehensive (Loss) Income	Non-controlling Interests in Consolidated Subsidiaries	Non-controlling Interests in Consolidated SubsidiariesReal estate fund investments	Non-controlling Interests in Consolidated SubsidiariesOther	Vornado Realty L.P.	Vornado Realty L.P.Series O Preferred Stock	Vornado Realty L.P.Series K Preferred Stock	Vornado Realty L.P.Real estate fund investments	Vornado Realty L.P.Other	Vornado Realty L.P.Preferred Shares	Vornado Realty L.P.Preferred SharesSeries O Preferred Stock	Vornado Realty L.P.Preferred SharesSeries K Preferred Stock	Vornado Realty L.P.Class A Units Owned by Vornado	Vornado Realty L.P.Earnings Less Than Distributions	Vornado Realty L.P.Earnings Less Than DistributionsSeries K Preferred Stock	Vornado Realty L.P.Accumulated Other Comprehensive (Loss) Income	Vornado Realty L.P.Non-controlling Interests in Consolidated Subsidiaries	Vornado Realty L.P.Non-controlling Interests in Consolidated SubsidiariesReal estate fund investments	Vornado Realty L.P.Non-controlling Interests in Consolidated SubsidiariesOther	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentEarnings Less Than Distributions	Cumulative Effect, Period of Adoption, AdjustmentVornado Realty L.P.	Cumulative Effect, Period of Adoption, AdjustmentVornado Realty L.P.Earnings Less Than Distributions
Beginning balance, shares at Dec. 31, 2019						36,796			190,986													36,796			190,986
Beginning balance, value at Dec. 31, 2019	$ 7,310,978					$ 891,214			$ 7,618	$ 7,827,697	$ (1,954,266)		$ (40,233)	$ 578,948			$ 7,310,978					$ 891,214			$ 7,835,315	$ (1,954,266)		$ (40,233)	$ 578,948			$ (16,064)	$ (16,064)	$ (16,064)	$ (16,064)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vornado / Vornado Realty L.P.	(102,026)										(102,026)						(112,116)									(112,116)
Net income attributable to redeemable partnership units	10,090																10,090									10,090
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	(141,310)													(141,310)			(141,310)												(141,310)
Dividends on common shares	(353,558)										(353,558)
Distributions to Vornado																	(353,558)									(353,558)
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts)	(37,591)										(37,591)						(37,591)									(37,591)
Common shares issued: / Class A Units issued to Vornado
Upon redemption of Class A units, at redemption value, shares									149																149
Upon redemption of Class A units, at redemption value, value	6,050								$ 6	6,044							6,050								$ 6,050
Under employees' share option plan, shares									69																69
Under employees' share option plan, value	3,517								$ 3	3,514							3,517								$ 3,517
Under dividend reinvestment plan, shares									40																40
Under dividend reinvestment plan, value	2,050								$ 2	2,048							2,050								$ 2,050
Contributions:
Contributions				$ 3,389	$ 2,837										$ 3,389	$ 2,837				$ 3,389	$ 2,837									$ 3,389	$ 2,837
Distributions:
Distributions	(25,517)													(25,517)			(25,517)												(25,517)
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, shares						(3)			4													(3)			4
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, value	0					$ (57)				57							0					$ (57)			$ 57
Deferred compensation shares and options, shares									13																13
Deferred compensation shares and options	769								$ 1	905	(137)						769								$ 906	(137)
Other comprehensive income (loss) of nonconsolidated subsidiaries	(15,626)												(15,626)				(15,626)											(15,626)
Increase (reduction) in value of interest rate swaps	(37,473)												(37,473)				(37,473)											(37,473)
Unearned Out-Performance Plan awards acceleration	10,824									10,824							10,824								10,824
Redeemable Class A unit measurement adjustment	272,436									272,436							272,436								$ 272,436
Redeemable noncontrolling interests' share of above adjustments	3,498												3,498				3,498											3,498
Other, shares																									0
Other, value	(1,498)					$ (1)			$ (1)	(1)	7			(1,502)			(1,498)					$ (1)			$ (2)	7			(1,502)
Ending balance, shares at Sep. 30, 2020						36,793			191,261													36,793			191,261
Ending balance, value at Sep. 30, 2020	6,885,685					$ 891,156			$ 7,629	8,123,524	(2,463,635)		(89,834)	416,845			6,885,685					$ 891,156			$ 8,131,153	(2,463,635)		(89,834)	416,845
Beginning balance, shares at Jun. 30, 2020						36,794			191,151													36,794			191,151
Beginning balance, value at Jun. 30, 2020	6,928,909					$ 891,164			$ 7,625	8,095,774	(2,415,500)		(82,646)	432,492			6,928,909					$ 891,164			$ 8,103,399	(2,415,500)		(82,646)	432,492
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vornado / Vornado Realty L.P.	65,700										65,700						69,584									69,584
Net income attributable to redeemable partnership units	(3,884)																(3,884)									(3,884)
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	(1,019)													(1,019)			(1,019)												(1,019)
Dividends on common shares	(101,311)										(101,311)
Distributions to Vornado																	(101,311)									(101,311)
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts)	(12,530)										(12,530)						(12,530)									(12,530)
Common shares issued: / Class A Units issued to Vornado
Upon redemption of Class A units, at redemption value, shares									100																100
Upon redemption of Class A units, at redemption value, value	3,586								$ 4	3,582							3,586								$ 3,586
Under dividend reinvestment plan, shares									9																9
Under dividend reinvestment plan, value	300								$ 1	299							300								$ 300
Contributions:
Contributions	358													358			358												358
Distributions:
Distributions	(14,987)													(14,987)			(14,987)												(14,987)
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, shares						(1)																(1)			0
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, value	0					$ (7)				7							0					$ (7)			$ 7
Deferred compensation shares and options	304									304							304								304
Other comprehensive income (loss) of nonconsolidated subsidiaries	(15,634)												(15,634)				(15,634)											(15,634)
Increase (reduction) in value of interest rate swaps	7,926												7,926				7,926											7,926
Redeemable Class A unit measurement adjustment	23,557									23,557							23,557								$ 23,557
Redeemable noncontrolling interests' share of above adjustments	520												520				520											520
Other, shares									1																1
Other, value	6					$ (1)			$ (1)	1	6			1			6					$ (1)				6			1
Ending balance, shares at Sep. 30, 2020						36,793			191,261													36,793			191,261
Ending balance, value at Sep. 30, 2020	6,885,685					$ 891,156			$ 7,629	8,123,524	(2,463,635)		(89,834)	416,845			6,885,685					$ 891,156			$ 8,131,153	(2,463,635)		(89,834)	416,845
Beginning balance, shares at Dec. 31, 2020						48,793			191,355													48,793			191,355
Beginning balance, value at Dec. 31, 2020	6,948,155					$ 1,182,339			$ 7,633	8,192,507	(2,774,182)		(75,099)	414,957			6,948,155					$ 1,182,339			$ 8,200,140	(2,774,182)		(75,099)	414,957
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vornado / Vornado Realty L.P.	148,584										148,584						155,267									155,267
Net income attributable to redeemable partnership units	(6,683)																(6,683)									(6,683)
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	18,804													18,804			18,804												18,804
Dividends on common shares	(304,516)										(304,516)
Distributions to Vornado																	(304,516)									(304,516)
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts)	(49,734)										(49,734)						(49,734)									(49,734)
Preferred unit issuance, shares							12,000																12,000
Preferred unit issuance, value		$ 291,195					$ 291,195											$ 291,195					$ 291,195
Common shares issued: / Class A Units issued to Vornado
Upon redemption of Class A units, at redemption value, shares									313																313
Upon redemption of Class A units, at redemption value, value	13,058								$ 13	13,045							13,058								$ 13,058
Under employees' share option plan, value	10									10							10								$ 10
Under dividend reinvestment plan, shares									16																16
Under dividend reinvestment plan, value	654								$ 1	653							654								$ 654
Contributions:
Contributions	2,657													2,657			2,657												2,657
Distributions:
Distributions	(150,934)													(150,934)			(150,934)												(150,934)
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, shares																									1
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, value	0					(13)			$ 1	13							0					(13)			$ 13
Deferred compensation shares and options, shares									(4)																(4)
Deferred compensation shares and options	561									675	(114)						561								$ 675	(114)
Other comprehensive income (loss) of nonconsolidated subsidiaries	6,381												6,381				6,381											6,381
Increase (reduction) in value of interest rate swaps	25,553												25,553				25,553											25,553
Unearned Out-Performance Plan awards acceleration	10,283									10,283							10,283								10,283
Redeemable Class A unit measurement adjustment	(78,848)									(78,848)							(78,848)								(78,848)
Series K cumulative redeemable preferred shares called for redemption (shares)								(12,000)																(12,000)
Series K cumulative redeemable preferred shares called for redemption			$ (300,000)					$ (290,967)				$ (9,033)							$ (300,000)					$ (290,967)			$ (9,033)
Redeemable noncontrolling interests' share of above adjustments	(2,016)												(2,016)				(2,016)											(2,016)
Other, value	(22)					$ (55)			$ (1)	(1)	(4)		2	37			(22)					$ (55)			$ (2)	(4)		2	37
Ending balance, shares at Sep. 30, 2021						48,793			191,681													48,793			191,681
Ending balance, value at Sep. 30, 2021	6,579,825					$ 1,182,499			$ 7,646	8,138,337	(2,988,999)		(45,179)	285,521			6,579,825					$ 1,182,499			$ 8,145,983	(2,988,999)		(45,179)	285,521
Beginning balance, shares at Jun. 30, 2021						48,793			191,561													48,793			191,561
Beginning balance, value at Jun. 30, 2021	6,568,317					$ 1,182,291			$ 7,641	8,069,033	(2,925,161)		(51,437)	285,950			6,568,317					$ 1,182,291			$ 8,076,674	(2,925,161)		(51,437)	285,950
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vornado / Vornado Realty L.P.	63,522										63,522						66,340									66,340
Net income attributable to redeemable partnership units	(2,818)																(2,818)									(2,818)
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	4,299													4,299			4,299												4,299
Dividends on common shares	(101,527)										(101,527)
Distributions to Vornado																	(101,527)									(101,527)
Dividends on preferred shares / preferred units (see Note 12 for dividends per share amounts)	(16,800)										(16,800)						(16,800)									(16,800)
Preferred unit issuance, shares							12,000																12,000
Preferred unit issuance, value		$ 291,195					$ 291,195											$ 291,195					$ 291,195
Common shares issued: / Class A Units issued to Vornado
Upon redemption of Class A units, at redemption value, shares									114																114
Upon redemption of Class A units, at redemption value, value	4,749								$ 5	4,744							4,749								$ 4,749
Under dividend reinvestment plan, shares									6																6
Under dividend reinvestment plan, value	224								$ 1	223							224								$ 224
Contributions:
Contributions	1,110													1,110			1,110												1,110
Distributions:
Distributions	(5,877)													(5,877)			(5,877)												(5,877)
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, shares									1													0			1
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, value	0					(13)				13							0					$ (13)			$ 13
Deferred compensation shares and options, shares									(1)																(1)
Deferred compensation shares and options	226									226							226								$ 226
Other comprehensive income (loss) of nonconsolidated subsidiaries	1,322												1,322				1,322											1,322
Increase (reduction) in value of interest rate swaps	5,360												5,360				5,360											5,360
Redeemable Class A unit measurement adjustment	64,100									64,100							64,100								64,100
Series K cumulative redeemable preferred shares called for redemption (shares)								(12,000)																(12,000)
Series K cumulative redeemable preferred shares called for redemption			$ (300,000)					$ (290,967)				$ (9,033)							$ (300,000)					$ (290,967)			$ (9,033)
Redeemable noncontrolling interests' share of above adjustments	(426)												(426)				(426)											(426)
Other, value	31					$ (7)			$ (1)	(2)			2	39			31					$ (7)			$ (3)	0		2	39
Ending balance, shares at Sep. 30, 2021						48,793			191,681													48,793			191,681
Ending balance, value at Sep. 30, 2021	$ 6,579,825					$ 1,182,499			$ 7,646	$ 8,138,337	$ (2,988,999)		$ (45,179)	$ 285,521			$ 6,579,825					$ 1,182,499			$ 8,145,983	$ (2,988,999)		$ (45,179)	$ 285,521

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Common shares/units, dividends (in dollars per share)	$ 0.53	$ 0.53	$ 1.59	$ 1.85
Vornado Realty L.P.
Common shares/units, dividends (in dollars per share)	$ 0.53	$ 0.53	$ 1.59	$ 1.85

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)
Cash Flows from Operating Activities:
Net income (loss)	$ 175,590	$ (253,119)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	299,749	305,905
Distributions of income from partially owned entities	171,367	132,850
Equity in net (income) loss of partially owned entities	(86,768)	353,679
Net gains on disposition of wholly owned and partially owned assets	(35,811)	(338,862)
Stock-based compensation expense	32,889	39,638
Straight-lining of rents	11,651	20,021
Amortization of below-market leases, net	(7,939)	(13,054)
Real estate impairment losses	7,880	0
Write-off of lease receivables deemed uncollectible	7,219	60,766
Net unrealized loss on real estate fund investments	789	225,412
Gain on extinguishment of 608 Fifth Avenue lease liability	0	(70,260)
Credit losses on loans receivable	0	13,369
Decrease in fair value of marketable securities	0	4,938
Other non-cash adjustments	(2,549)	7,544
Changes in operating assets and liabilities:
Real estate fund investments	(789)	(6,502)
Tenant and other receivables	(12,092)	(27,093)
Prepaid assets	(44,731)	(215,645)
Other assets	(77,508)	(41,328)
Accounts payable and accrued expenses	43,067	(4,058)
Other liabilities	(3,911)	(2,841)
Net cash provided by operating activities	478,103	191,360
Cash Flows from Investing Activities:
Development costs and construction in progress	(444,645)	(448,167)
Acquisition of additional 45.0% ownership interest in One Park Avenue (inclusive of $5,806 of prorations and net working capital and net of $39,370 of cash and restricted cash balances consolidated upon acquisition)	(123,936)	0
Additions to real estate	(113,374)	(112,906)
Distributions of capital from partially owned entities	106,005	1,090
Proceeds from sales of real estate	100,024	0
Proceeds from sale of condominium units at 220 Central Park South	97,683	939,292
Investments in partially owned entities	(12,366)	(6,156)
Acquisitions of real estate and other	(3,000)	(985)
Proceeds from repayments of loans receivable	975	0
Moynihan Train Hall expenditures	0	(277,128)
Proceeds from sales of marketable securities	0	28,375
Net cash (used in) provided by investing activities	(392,634)	123,415
Cash Flows from Financing Activities:
Proceeds from borrowings	2,298,007	555,918
Repayments of borrowings	(1,578,843)	(514,493)
Dividends paid on common shares / Distributions to Vornado	(304,516)	(725,938)
Proceeds from issuance of preferred shares / units	291,195	0
Distribution to noncontrolling interests / redeemable security holders and noncontrolling interests in consolidated subsidiaries	(173,356)	(76,759)
Dividends paid on preferred shares / Distributions to preferred unitholders	(49,400)	(50,123)
Debt issuance costs	(33,935)	(1,357)
Contributions from noncontrolling interests / noncontrolling interests in consolidated subsidiaries	2,657	98,626
Proceeds received from exercise of employee share options (Vornado stock options) and other	664	5,567
Repurchase of shares / Class A units related to stock compensation agreements and related tax withholdings and other	(114)	(137)
Moynihan Train Hall reimbursement from Empire State Development	0	277,128
Net cash provided by (used in) financing activities	452,359	(431,568)
Net increase (decrease) in cash and cash equivalents and restricted cash	537,828	(116,793)
Cash and cash equivalents and restricted cash at beginning of period	1,730,369	1,607,131
Cash and cash equivalents and restricted cash at end of period	2,268,197	1,490,338
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	1,624,482	1,515,012
Restricted cash at beginning of period	105,887	92,119
Cash and cash equivalents and restricted cash at beginning of period	1,730,369	1,607,131
Cash and cash equivalents at end of period	2,128,964	1,411,047
Restricted cash at end of period	139,233	79,291
Cash and cash equivalents and restricted cash at end of period	2,268,197	1,490,338
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest, excluding capitalized interest of $31,785 and $30,649	137,937	164,752
Cash payments for income taxes	8,426	14,252
Non-Cash Investing and Financing Activities:
Reclassification of Series K cumulative redeemable preferred shares to liabilities upon call for redemption	300,000	0
Accrued capital expenditures included in accounts payable and accrued expenses	120,635	118,672
Reclassification of assets held for sale (included in "other assets")	79,421	0
Redeemable Class A unit measurement adjustment	(78,848)	272,436
Write-off of fully depreciated assets	(78,353)	(111,863)
Reclassification of condominium units from "development costs and construction in progress" to "220 Central Park South condominium units ready for sale"	11,767	370,850
One Park Avenue
Non-Cash Investing and Financing Activities:
Real estate	566,013	0
Identified intangible assets	139,545	0
Mortgages payable	525,000	0
Deferred revenue	$ 18,884	0
Equity method ownership percentage	45.00%
Prorations and net working capital	$ 5,806
Vornado Realty L.P.
Cash Flows from Operating Activities:
Net income (loss)	175,590	(253,119)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	299,749	305,905
Distributions of income from partially owned entities	171,367	132,850
Equity in net (income) loss of partially owned entities	(86,768)	353,679
Net gains on disposition of wholly owned and partially owned assets	(35,811)	(338,862)
Stock-based compensation expense	32,889	39,638
Straight-lining of rents	11,651	20,021
Amortization of below-market leases, net	(7,939)	(13,054)
Real estate impairment losses	7,880	0
Write-off of lease receivables deemed uncollectible	7,219	60,766
Net unrealized loss on real estate fund investments	789	225,412
Gain on extinguishment of 608 Fifth Avenue lease liability	0	(70,260)
Credit losses on loans receivable	0	13,369
Decrease in fair value of marketable securities	0	4,938
Other non-cash adjustments	(2,549)	7,544
Changes in operating assets and liabilities:
Real estate fund investments	(789)	(6,502)
Tenant and other receivables	(12,092)	(27,093)
Prepaid assets	(44,731)	(215,645)
Other assets	(77,508)	(41,328)
Accounts payable and accrued expenses	43,067	(4,058)
Other liabilities	(3,911)	(2,841)
Net cash provided by operating activities	478,103	191,360
Cash Flows from Investing Activities:
Development costs and construction in progress	(444,645)	(448,167)
Acquisition of additional 45.0% ownership interest in One Park Avenue (inclusive of $5,806 of prorations and net working capital and net of $39,370 of cash and restricted cash balances consolidated upon acquisition)	(123,936)	0
Additions to real estate	(113,374)	(112,906)
Distributions of capital from partially owned entities	106,005	1,090
Proceeds from sales of real estate	100,024	0
Proceeds from sale of condominium units at 220 Central Park South	97,683	939,292
Investments in partially owned entities	(12,366)	(6,156)
Acquisitions of real estate and other	(3,000)	(985)
Proceeds from repayments of loans receivable	975	0
Moynihan Train Hall expenditures	0	(277,128)
Proceeds from sales of marketable securities	0	28,375
Net cash (used in) provided by investing activities	(392,634)	123,415
Cash Flows from Financing Activities:
Proceeds from borrowings	2,298,007	555,918
Repayments of borrowings	(1,578,843)	(514,493)
Dividends paid on common shares / Distributions to Vornado	(304,516)	(725,938)
Proceeds from issuance of preferred shares / units	291,195	0
Distribution to noncontrolling interests / redeemable security holders and noncontrolling interests in consolidated subsidiaries	(173,356)	(76,759)
Dividends paid on preferred shares / Distributions to preferred unitholders	(49,400)	(50,123)
Debt issuance costs	(33,935)	(1,357)
Contributions from noncontrolling interests / noncontrolling interests in consolidated subsidiaries	2,657	98,626
Proceeds received from exercise of employee share options (Vornado stock options) and other	664	5,567
Repurchase of shares / Class A units related to stock compensation agreements and related tax withholdings and other	(114)	(137)
Moynihan Train Hall reimbursement from Empire State Development	0	277,128
Net cash provided by (used in) financing activities	452,359	(431,568)
Net increase (decrease) in cash and cash equivalents and restricted cash	537,828	(116,793)
Cash and cash equivalents and restricted cash at beginning of period	1,730,369	1,607,131
Cash and cash equivalents and restricted cash at end of period	2,268,197	1,490,338
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	1,624,482	1,515,012
Restricted cash at beginning of period	105,887	92,119
Cash and cash equivalents and restricted cash at beginning of period	1,730,369	1,607,131
Cash and cash equivalents at end of period	2,128,964	1,411,047
Restricted cash at end of period	139,233	79,291
Cash and cash equivalents and restricted cash at end of period	2,268,197	1,490,338
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest, excluding capitalized interest of $31,785 and $30,649	137,937	164,752
Cash payments for income taxes	8,426	14,252
Non-Cash Investing and Financing Activities:
Reclassification of Series K cumulative redeemable preferred shares to liabilities upon call for redemption	300,000	0
Accrued capital expenditures included in accounts payable and accrued expenses	120,635	118,672
Reclassification of assets held for sale (included in "other assets")	79,421	0
Redeemable Class A unit measurement adjustment	(78,848)	272,436
Write-off of fully depreciated assets	(78,353)	(111,863)
Reclassification of condominium units from "development costs and construction in progress" to "220 Central Park South condominium units ready for sale"	11,767	370,850
Vornado Realty L.P. | One Park Avenue
Non-Cash Investing and Financing Activities:
Real estate	566,013	0
Identified intangible assets	139,545	0
Mortgages payable	525,000	0
Deferred revenue	$ 18,884	$ 0
Equity method ownership percentage	45.00%
Prorations and net working capital	$ 5,806

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Capitalized interest	$ 31,785	$ 30,649
Vornado Realty L.P.
Capitalized interest	$ 31,785	$ 30,649
One Park Avenue
Equity method ownership percentage	45.00%
Prorations and net working capital	$ 5,806
Proceeds from consolidation of real estate	$ 39,370
One Park Avenue | Vornado Realty L.P.
Equity method ownership percentage	45.00%
Prorations and net working capital	$ 5,806
Proceeds from consolidation of real estate	$ 39,370

Organization

Organization	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Vornado Realty Trust (“Vornado”) is a fully-integrated real estate investment trust (“REIT”) and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a Delaware limited partnership (the “Operating Partnership”). Vornado is the sole general partner of, and owned approximately 92.6% of the common limited partnership interest in the Operating Partnership as of September 30, 2021. All references to the “Company,” “we,” “us” and “our” mean, collectively, Vornado, the Operating Partnership and those subsidiaries consolidated by Vornado.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2021
Basis of Presentation [Abstract]
Basis Of Presentation	Basis of Presentation The accompanying consolidated financial statements are unaudited and include the accounts of Vornado and the Operating Partnership and their consolidated subsidiaries. All inter-company amounts have been eliminated and all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and changes in cash flows have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. These condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC. We have made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The results of operations for the three and nine months ended September 30, 2021 are not necessarily indicative of the operating results for the full year. In addition, certain prior year balances have been reclassified in order to conform to the current period presentation.

Recently Issued Accounting Lite

Recently Issued Accounting Literature	9 Months Ended
	Sep. 30, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Issued Accounting Literature	Recently Issued Accounting Literature In March 2020, the Financial Accounting Standards Board ("FASB") issued an update ("ASU 2020-04") establishing Accounting Standards Codification ("ASC") Topic 848, Reference Rate Reform . ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. We have elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. We continue to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur. In August 2020, the FASB issued an update ("ASU 2020-06") Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40). ASU 2020-06 simplifies the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock, removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception and also simplifies the diluted earnings per share calculation in certain areas. ASU 2020-06 is effective for reporting periods beginning after December 15, 2021, with early adoption permitted. We are currently evaluating the impact of the adoption of ASU 2020-06 on our consolidated financial statements, but do not believe the adoption of this standard will have a material impact on our consolidated financial statements. In July 2021, the FASB issued an update ("ASU 2021-05") Lessors - Certain Leases with Variable Lease Payments to ASC Topic 842, Leases ("ASC 842").

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Below is a summary of our revenues by segment. Additional financial information related to these reportable segments for the three and nine months ended September 30, 2021 and 2020 is set forth in Note 21 - Segment Information. (Amounts in thousands) For the Three Months Ended September 30, 2021 For the Three Months Ended September 30, 2020 Total New York Other Total New York Other Property rentals (1) $ 345,235 $ 273,197 $ 72,038 $ 312,748 $ 248,328 $ 64,420 Trade shows (2) 12,605 — 12,605 — — — Lease revenues (3) 357,840 273,197 84,643 312,748 248,328 64,420 Tenant services 11,363 7,565 3,798 9,505 6,589 2,916 Rental revenues 369,203 280,762 88,441 322,253 254,917 67,336 BMS cleaning fees 30,827 32,630 (1,803) (4) 24,054 25,592 (1,538) (4) Management and leasing fees 2,509 2,680 (171) 11,649 11,732 (83) Other income 6,673 571 6,102 6,006 904 5,102 Fee and other income 40,009 35,881 4,128 41,709 38,228 3,481 Total revenues $ 409,212 $ 316,643 $ 92,569 $ 363,962 $ 293,145 $ 70,817 ____________________ See notes below. (Amounts in thousands) For the Nine Months Ended September 30, 2021 For the Nine Months Ended September 30, 2020 Total New York Other Total New York Other Property rentals (1) $ 1,008,237 $ 795,841 $ 212,396 $ 992,238 $ 788,248 $ 203,990 Hotel Pennsylvania (5) — — — 8,741 8,741 — Trade shows (2) 12,605 — 12,605 11,303 — 11,303 Lease revenues (3) 1,020,842 795,841 225,001 1,012,282 796,989 215,293 Tenant services 27,274 18,502 8,772 26,439 18,310 8,129 Rental revenues 1,048,116 814,343 233,773 1,038,721 815,299 223,422 BMS cleaning fees 87,387 92,178 (4,791) (4) 77,635 82,426 (4,791) (4) Management and leasing fees 10,951 11,290 (339) 16,353 16,307 46 Other income 21,676 3,947 17,729 18,811 5,356 13,455 Fee and other income 120,014 107,415 12,599 112,799 104,089 8,710 Total revenues $ 1,168,130 $ 921,758 $ 246,372 $ 1,151,520 $ 919,388 $ 232,132 ____________________ (1) Reduced by $22,135 and $60,766 for the three and nine months ended September 30, 2020, respectively, for the write-off of lease receivables deemed uncollectible (primarily write-offs of receivables arising from the straight-lining of rents). (2) We cancelled trade shows at theMART beginning late March of 2020 due to the COVID-19 pandemic and resumed in the third quarter of 2021. (3) The components of lease revenues were as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Fixed billings $ 329,499 $ 307,013 $ 945,322 $ 983,669 Variable billings 29,008 29,574 90,780 100,057 Total contractual operating lease billings 358,507 336,587 1,036,102 1,083,726 Adjustment for straight-line rents and amortization of acquired below-market leases and other, net 1,313 (1,704) (8,041) (10,678) Less: write-off of straight-line rent and tenant receivables deemed uncollectible (1,980) (22,135) (7,219) (60,766) Lease revenues $ 357,840 $ 312,748 $ 1,020,842 $ 1,012,282 (4) Represents the elimination of theMART and 555 California Street Building Maintenance Services LLC ("BMS") cleaning fees which are included as income in the New York segment. (5) On April 5, 2021, we permanently closed the Hotel Pennsylvania.

Real Estate Fund Investments

Real Estate Fund Investments	9 Months Ended
	Sep. 30, 2021
Real Estate Fund Investments [Abstract]
Real Estate Fund Investments	Real Estate Fund Investments We are the general partner and investment manager of Vornado Capital Partners Real Estate Fund (the “Fund”) and own a 25.0% interest in the Fund, which had an initial eight-year term ending February 2019. On January 29, 2018, the Fund's term was extended to February 2023. The Fund's three-year investment period ended in July 2013. The Fund is accounted for under ASC Topic 946, Financial Services – Investment Companies (“ASC 946”) and its investments are reported on its balance sheet at fair value, with changes in value each period recognized in earnings. We consolidate the accounts of the Fund into our consolidated financial statements, retaining the fair value basis of accounting. We are the general partner and investment manager of the Crowne Plaza Times Square Hotel Joint Venture (the “Crowne Plaza Joint Venture”) and own a 57.1% interest in the joint venture which owns the 24.7% interest in the Crowne Plaza Times Square Hotel not owned by the Fund. The Crowne Plaza Joint Venture is also accounted for under ASC 946 and we consolidate the accounts of the joint venture into our consolidated financial statements, retaining the fair value basis of accounting. On June 9, 2020, the joint venture between the Fund and the Crowne Plaza Joint Venture defaulted on the $274,355,000 non-recourse loan on the Crowne Plaza Times Square Hotel. The interest-only loan, which bears interest at a floating rate of LIBOR plus 3.69% (3.77% as of September 30, 2021) and provides for additional default interest of 3.00%, was scheduled to mature on July 9, 2020. On April 12, 2021, the Fund defaulted on the $82,750,000 non-recourse loan on 1100 Lincoln Road. The interest-only loan currently bears interest at a floating rate of prime plus 1.40% (4.65% as of September 30, 2021) and provides for additional default interest of 3.00%. The loan was scheduled to mature on July 27, 2021. As of September 30, 2021, we had four real estate fund investments through the Fund and the Crowne Plaza Joint Venture with an aggregate fair value of $3,739,000, $339,812,000 below cost, and had remaining unfunded commitments of $29,194,000, of which our share was $9,266,000. As of December 31, 2020, those four real estate fund investments had an aggregate fair value of $3,739,000. Below is a summary of income (loss) from the Fund and the Crowne Plaza Joint Venture. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Net investment (loss) income $ (66) $ 393 $ 5,896 $ 84 Net unrealized loss on held investments — (14,216) (789) (225,412) (Loss) income from real estate fund investments (66) (13,823) 5,107 (225,328) Less loss (income) attributable to noncontrolling interests in consolidated subsidiaries 360 11,299 (2,914) 160,557 Income (loss) from real estate fund investments net of noncontrolling interests in consolidated subsidiaries $ 294 $ (2,524) $ 2,193 $ (64,771)

Investments in Partially Owned

Investments in Partially Owned Entities	9 Months Ended
	Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Investments in Partially Owned Entities	Investments in Partially Owned Entities Fifth Avenue and Times Square JV As of September 30, 2021, we own a 51.5% common interest in a joint venture ("Fifth Avenue and Times Square JV") which owns interests in properties located at 640 Fifth Avenue, 655 Fifth Avenue, 666 Fifth Avenue, 689 Fifth Avenue, 697-703 Fifth Avenue, 1535 Broadway and 1540 Broadway (collectively, the "Properties"). The remaining 48.5% common interest in the joint venture is owned by a group of institutional investors (the "Investors"). Our 51.5% common interest in the joint venture represents an effective 51.0% interest in the Properties. The 48.5% common interest in the joint venture owned by the Investors represents an effective 47.2% interest in the Properties. We provide various services to Fifth Avenue and Times Square JV in accordance with management, development, leasing and other agreements. We also own $1.828 billion of preferred equity security interests in certain of the properties. The preferred equity has an annual coupon of 4.25% through April 2024, increasing to 4.75% for the subsequent five years and thereafter at a formulaic rate. It can be redeemed under certain conditions on a tax deferred basis. As of September 30, 2021, the carrying amount of our investment in the joint venture was less than our share of the equity in the net assets of the joint venture by approximately $390,806,000, the basis difference primarily resulting from non-cash impairment losses recognized during 2020. Substantially all of this basis difference was allocated, based on our estimates of the fair values of Fifth Avenue and Times Square JV’s assets and liabilities, to real estate (land and buildings). We are amortizing the basis difference related to the buildings into earnings as a reduction to depreciation expense over their estimated useful lives. 6. Investments in Partially Owned Entities - continued Alexander’s, Inc. (“Alexander’s”) (NYSE: ALX) As of September 30, 2021, we own 1,654,068 Alexander’s common shares, or approximately 32.4% of Alexander’s common equity. We manage, develop and lease Alexander’s properties pursuant to agreements which expire in March of each year and are automatically renewable. On June 4, 2021, Alexander's completed the sale of a parcel of land in the Bronx, New York for $10,000,000. As a result of the sale, we recognized our $2,956,000 share of the net gain and also received a $300,000 sales commission paid by Alexander's . On October 4, 2021, Alexander's sold its Paramus, New Jersey property to IKEA Property, Inc. ("IKEA"), the tenant at the property, for $75,000,000 pursuant to IKEA's purchase option contained in the lease. The property was encumbered by a $68,000,000 mortgage loan which was repaid at closing of the sale. As a result of the sale, we will recognize in the fourth quarter of 2021 our approximate $11,600,000 share of the net gain and a $750,000 sales commission paid by Alexander's to Vornado. Alexander's announced that it does not expect to pay a special dividend related to these transactions. As of September 30, 2021, the market value ("fair value" pursuant to ASC Topic 820, Fair Value Measurements ("ASC 820")) of our investment in Alexander’s, based on Alexander’s September 30, 2021 closing share price of $260.62, was $431,083,000, or $350,606,000 in excess of the carrying amount on our consolidated balance sheets. As of September 30, 2021, the carrying amount of our investment in Alexander’s, excluding amounts owed to us, exceeded our share of the equity in the net assets of Alexander’s by approximately $38,287,000. The majority of this basis difference resulted from the excess of our purchase price for the Alexander’s common stock acquired over the book value of Alexander’s net assets. Substantially all of this basis difference was allocated, based on our estimates of the fair values of Alexander’s assets and liabilities, to real estate (land and buildings). We are amortizing the basis difference related to the buildings into earnings as additional depreciation expense over their estimated useful lives. This depreciation is not material to our share of equity in Alexander’s net income. Below is a schedule summarizing our investments in partially owned entities. (Amounts in thousands) Percentage Ownership at September 30, 2021 Balance as of September 30, 2021 December 31, 2020 Investments: Fifth Avenue and Times Square JV (see page 26 for details): 51.5% $ 2,771,904 $ 2,798,413 Partially owned office buildings/land (1) Various 305,059 473,285 Alexander’s 32.4% 80,477 82,902 Other investments (2) Various 130,430 136,507 $ 3,287,870 $ 3,491,107 Investments in partially owned entities included in other liabilities (3) : 7 West 34th Street 53.0% $ (58,927) $ (55,340) 85 Tenth Avenue 49.9% (16,906) (13,080) $ (75,833) $ (68,420) ____________________ (1) Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue (consolidated from August 5, 2021, see Note 8 - Acquisitions and Dispositions for details), 512 West 22nd Street, 61 Ninth Avenue and others. (2) Includes interests in Independence Plaza, Rosslyn Plaza and others. (3) Our negative basis results from distributions in excess of our investment. 6. Investments in Partially Owned Entities - continued Below is a schedule of income (loss) from partially owned entities. (Amounts in thousands) Percentage Ownership at September 30, 2021 For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Our share of net income (loss): Fifth Avenue and Times Square JV (see page 26 for details): Equity in net income (1) 51.5% $ 12,671 $ 7,694 $ 32,314 $ 13,631 Return on preferred equity, net of our share of the expense 9,430 9,430 27,985 27,926 Non-cash impairment loss — (107,023) — (413,349) 22,101 (89,899) 60,299 (371,792) Alexander's (see page 27 for details): Equity in net income (2) 32.4% 3,710 2,075 14,808 7,420 Net gain on sale of land — — 2,956 — Management, leasing and development fees 1,085 1,296 3,622 3,778 4,795 3,371 21,386 11,198 Partially owned office buildings (3) Various 1,291 6,418 11,021 8,550 Other investments (4) Various (1,918) (799) (5,938) (1,635) $ 26,269 $ (80,909) $ 86,768 $ (353,679) ____________________ (1) The three and nine months ended September 30, 2021 include decreases in our share of depreciation and amortization expense compared to the the prior year periods of $3,177 and $14,282, respectively, primarily resulting from non-cash impairment losses recognized during 2020 (see page 26 for details). The nine months ended September 30, 2020 includes $2,997 of write-offs of lease receivables deemed uncollectible. (2) The three and nine months ended September 30, 2020 include our $3,139 and $4,846 share of write-offs of lease receivables deemed uncollectible, respectively. (3) Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue (consolidated from August 5, 2021, see Note 8 - Acquisitions and Dispositions for details), 7 West 34th Street, 512 West 22nd Street, 61 Ninth Avenue, 85 Tenth Avenue and others. (4) Includes interests in Independence Plaza, Rosslyn Plaza and others.

220 Central Park South (220 CPS

220 Central Park South (220 CPS)	9 Months Ended
	Sep. 30, 2021
Real Estate [Abstract]
220 Central Park South 220 CPS	220 Central Park South ("220 CPS")During the three months ended September 30, 2021, we closed on the sale of one condominium unit at 220 CPS for net proceeds of $25,467,000 resulting in a net gain of $10,087,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. In connection with this sale, $1,272,000 of income tax expense was recognized on our consolidated statements of income. During the nine months ended September 30, 2021, we closed on the sale of four condominium units at 220 CPS for net proceeds of $97,683,000 resulting in a net gain of $35,359,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. In connection with these sales, $4,336,000 of income tax expense was recognized on our consolidated statements of income. In addition, during the three and nine months ended September 30, 2021, our taxable REIT subsidiaries recognized a $27,910,000 income tax benefit on our consolidated statements of income. From inception to September 30, 2021, we have closed on the sale of 104 units for net proceeds of $2,967,175,000 resulting in financial statement net gains of $1,102,296,000.

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions One Park Avenue On August 5, 2021, pursuant to a right of first offer, we increased our ownership interest in One Park Avenue, a 943,000 square foot Manhattan office building, to 100.0% by acquiring our joint venture partner's 45.0% ownership interest in the property. The purchase price values the property at $875,000,000. We paid approximately $158,000,000 in cash and assumed our joint venture partner's share of the $525,000,000 mortgage loan (discussed below). We previously accounted for our investment under the equity method and have consolidated the accounts of the property from the date of acquisition of the additional 45% ownership interest. The aggregate purchase price and our existing basis in the property have been allocated between the assets acquired and the liabilities assumed (excluding working capital accounts) as follows: (Amounts in thousands) Assets: Land $ 197,057 Building and improvements 368,956 Identified intangible assets 139,545 Assets consolidated 705,558 Liabilities: Mortgages payable 525,000 Deferred revenue 18,884 Liabilities consolidated 543,884 Net assets consolidated (excluding working capital) $ 161,674 On February 26, 2021, the joint venture completed a $525,000,000 refinancing of One Park Avenue. The interest-only loan bears a rate of LIBOR plus 1.11% (1.19% as of September 30, 2021) and matures in March 2023, with three one-year extension options. We realized our $105,000,000 share of net proceeds. The loan replaced the previous $300,000,000 loan that bore interest at LIBOR plus 1.75% and was scheduled to mature in March 2021. SoHo Properties On May 10, 2021, we entered into an agreement to sell two Manhattan retail properties located at 478-482 Broadway and 155 Spring Street for $84,500,000. We expect to close the sale in the first quarter of 2022 and recognize a net gain of approximately $1,500,000. As of September 30, 2021, $79,421,000 of assets associated with these properties were classified as held-for-sale and are included in "other assets" on our consolidated balance sheets. Madison Avenue

Identified Intangible Assets an

Identified Intangible Assets and Liabilities	9 Months Ended
	Sep. 30, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Identified Intangible Assets and Liabilities	Identified Intangible Assets and Liabilities The following summarizes our identified intangible assets (primarily above-market leases) and liabilities (primarily below-market leases). (Amounts in thousands) Balance as of September 30, 2021 December 31, 2020 Identified intangible assets: Gross amount $ 252,081 $ 116,969 Accumulated amortization (93,643) (93,113) Total, net $ 158,438 $ 23,856 Identified intangible liabilities (included in deferred revenue): Gross amount $ 256,065 $ 273,902 Accumulated amortization (210,346) (238,541) Total, net $ 45,719 $ 35,361 Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental revenues of $2,222,000 and $3,648,000 for the three months ended September 30, 2021 and 2020, respectively, and $7,939,000 and $13,054,000 for the nine months ended September 30, 2021 and 2020, respectively. Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years commencing January 1, 2022 is as follows: (Amounts in thousands) 2022 $ 7,821 2023 5,306 2024 1,498 2025 285 2026 (357) Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $2,066,000 and $1,838,000 for the three months ended September 30, 2021 and 2020, respectively, and $4,377,000 and $4,919,000 for the nine months ended September 30, 2021 and 2020, respectively. Estimated annual amortization of all other identified intangible assets including acquired in-place leases for each of the five succeeding years commencing January 1, 2022 is as follows: (Amounts in thousands) 2022 $ 9,805 2023 8,743 2024 7,906 2025 6,330 2026 6,136

Debt

Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt Secured Debt On March 7, 2021, we entered into an interest rate swap agreement for our $500,000,000 PENN 11 mortgage loan to swap the interest rate on the mortgage loan from LIBOR plus 2.75% (2.83% as of September 30, 2021) to a fixed rate of 3.03% through March 2024. On March 26, 2021, we completed a $350,000,000 refinancing of 909 Third Avenue, a 1.4 million square foot Manhattan office building. The interest-only loan bears a fixed rate of 3.23% and matures in April 2031. The loan replaced the previous $350,000,000 loan that bore interest at a fixed rate of 3.91% and was scheduled to mature in May 2021. On May 10, 2021, we completed a $1.2 billion refinancing of 555 California Street, a three building 1.8 million square foot office campus in San Francisco, in which we own a 70.0% controlling interest. The interest-only loan bears a rate of LIBOR plus 1.93% in years one through five (2.02% as of September 30, 2021), LIBOR plus 2.18% in year six and LIBOR plus 2.43% in year seven. The loan matures in May 2023, with five one-year extension options (May 2028 as fully extended). We swapped the interest rate on our $840,000,000 share of the loan to a fixed rate of 2.26% through May 2024. The loan replaced the previous $533,000,000 loan that bore interest at a fixed rate of 5.10% and was scheduled to mature in September 2021. On May 28, 2021, we repaid the $675,000,000 mortgage loan on theMART, a 3.7 million square foot commercial building in Chicago, with proceeds from our senior unsecured notes offering discussed below. The loan bore interest at 2.70% and was scheduled to mature in September 2021. Unsecured Revolving Credit Facility On April 15, 2021, we extended our $1.25 billion unsecured revolving credit facility from January 2023 (as fully extended) to April 2026 (as fully extended). The interest rate on the extended facility was lowered to LIBOR plus 0.90% from LIBOR plus 1.00%. We subsequently qualified for a sustainability margin adjustment by achieving certain KPI metrics, which reduced our interest rate by 0.01% to LIBOR plus 0.89%. The facility fee remains at 20 basis points. Our separate $1.50 billion unsecured revolving credit facility matures in March 2024 (as fully extended) and has an interest rate of LIBOR plus 0.90% and a facility fee of 20 basis points. Senior Unsecured Notes On May 24, 2021, we completed a green bond public offering of $400,000,000 2.15% senior unsecured notes due June 1, 2026 ("2026 Notes") and $350,000,000 3.40% senior unsecured notes due June 1, 2031 ("2031 Notes"). Interest on the senior unsecured notes will be payable semi-annually on June 1 and December 1, commencing December 1, 2021. The 2026 Notes were sold at 99.86% of their face amount to yield 2.18% and the 2031 Notes were sold at 99.59% of their face amount to yield 3.45%. The following is a summary of our debt: (Amounts in thousands) Weighted Average Interest Rate at September 30, 2021 Balance as of September 30, 2021 December 31, 2020 Mortgages Payable: Fixed rate 3.09% $ 3,140,000 $ 3,012,643 Variable rate 1.68% 2,964,615 2,595,815 Total 2.40% 6,104,615 5,608,458 Deferred financing costs, net and other (35,103) (27,909) Total, net $ 6,069,512 $ 5,580,549 Unsecured Debt: Senior unsecured notes 3.02% $ 1,200,000 $ 450,000 Deferred financing costs, net and other (10,320) (3,315) Senior unsecured notes, net 1,189,680 446,685 Unsecured term loan 3.70% 800,000 800,000 Deferred financing costs, net and other (2,451) (3,238) Unsecured term loan, net 797,549 796,762 Unsecured revolving credit facilities 0.99% 575,000 575,000 Total, net $ 2,562,229 $ 1,818,447

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interests	9 Months Ended
	Sep. 30, 2021
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interests	Redeemable Noncontrolling Interests Redeemable Noncontrolling Partnership Units Redeemable noncontrolling partnership units are primarily comprised of Class A Operating Partnership units held by third parties and are recorded at the greater of their carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to “additional capital” in Vornado’s consolidated statements of changes in equity and to “partners’ capital” on the consolidated balance sheets of the Operating Partnership. Below is a table summarizing the activity of redeemable noncontrolling partnership units. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Beginning balance $ 654,771 $ 624,804 $ 511,747 $ 888,915 Net income (loss) 2,818 3,884 6,683 (10,090) Other comprehensive income (loss) 426 (520) 2,016 (3,498) Distributions (7,553) (7,332) (22,422) (25,330) Redemption of Class A units for Vornado common shares, at redemption value (4,749) (3,586) (13,058) (6,050) Redeemable Class A unit measurement adjustment (64,100) (23,557) 78,848 (272,436) Other, net 13,036 5,776 30,835 27,958 Ending balance $ 594,649 $ 599,469 $ 594,649 $ 599,469 As of September 30, 2021 and December 31, 2020, the aggregate redemption value of redeemable Class A units of the Operating Partnership, which are those units held by third parties, was $591,114,000 and $507,212,000, respectively, based on Vornado's quarter-end closing common share price. Redeemable noncontrolling partnership units exclude our Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units, as they are accounted for as liabilities in accordance with ASC Topic 480, Distinguishing Liabilities and Equity , because of their possible settlement by issuing a variable number of Vornado common shares. Accordingly, the fair value of these units is included as a component of “other liabilities” on our consolidated balance sheets and aggregated $50,149,000 and $50,002,000 as of September 30, 2021 and December 31, 2020, respectively. Changes in the value from period to period, if any, are charged to “interest and debt expense” on our consolidated statements of income. Redeemable Noncontrolling Interest in a Consolidated Subsidiary A consolidated joint venture in which we own a 95% interest is developing Farley Office and Retail (the "Project"). During 2020, a historic tax credit investor (the "Tax Credit Investor") funded $92,400,000 of capital contributions and is expected to make additional capital contributions in future periods. The arrangement includes a put option whereby the joint venture may be obligated to purchase the Tax Credit Investor’s ownership interest in the Project at a future date. The put price is calculated based on a pre-determined formula. As exercise of the put option is outside of the joint venture’s control, the Tax Credit Investor’s interest, together with the put option, have been recorded to “redeemable noncontrolling interest in a consolidated subsidiary” on our consolidated balance sheets as of September 30, 2021 and December 31, 2020. The redeemable noncontrolling interest is recorded at the greater of the carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to “additional capital” in Vornado’s consolidated statements of changes in equity and to “partners’ capital” on the consolidated balance sheets of the Operating Partnership. There was no adjustment required for the three and nine months ended September 30, 2021 and 2020. Below is a table summarizing the activity of the redeemable noncontrolling interest in a consolidated subsidiary. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Beginning balance $ 94,913 $ 94,112 $ 94,520 $ — Net income 1,126 171 1,519 307 Contributions — — — 92,400 Other, net — (1) — 1,575 Ending balance $ 96,039 $ 94,282 $ 96,039 $ 94,282

Shareholders' Equity_Partners'

Shareholders' Equity/Partners' Capital	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Shareholders' Equity/Partners' Capital	Shareholders' Equity/Partners' Capital On September 22, 2021, Vornado sold 12,000,000 4.45% Series O cumulative redeemable preferred shares at a price of $25.00 per share, pursuant to an effective registration statement. Vornado received aggregate net proceeds of $291,195,000, after underwriters' discount and issuance costs, and contributed the net proceeds to the Operating Partnership in exchange for 12,000,000 4.45% Series O preferred units (with economic terms that mirror those of the Series O preferred shares). Dividends on the Series O preferred shares/units are cumulative and payable quarterly in arrears. The Series O preferred shares/units are not convertible into, or exchangeable for, any of our properties or securities. On or after five years from the date of issuance (or sooner under limited circumstances), Vornado may redeem the Series O preferred shares/units at a redemption price of $25.00 per share/unit, plus accrued and unpaid dividends/distributions through the date of redemption. The Series O preferred shares/units have no maturity date and will remain outstanding indefinitely unless redeemed by Vornado. Vornado used the net proceeds for the redemption of its 5.70% Series K cumulative redeemable preferred shares/units (see below). On September 13, 2021, we called for redemption of all of the outstanding 5.70% Series K cumulative redeemable preferred shares/units. As a result, as of September 30, 2021, we reclassified the 5.70% Series K preferred shares/units from shareholders' equity/partners' capital to liabilities on our consolidated balance sheets. On October 13, 2021, we redeemed all of the outstanding 5.70% Series K preferred shares/units at their redemption price of $25.00 per share/unit, or $300,000,000 in the aggregate, plus accrued and unpaid dividends/distributions through the date of redemption. In connection with the redemption, we expensed $9,033,000 of previously capitalized issuance costs in "Series K preferred share/unit issuance costs" on our consolidated statements of income to arrive at "net income attributable to common shareholders" for the three and nine months ended September 30, 2021. The following table sets forth the details of our dividends/distributions per common share/Class A unit and dividends/distributions per share/unit for each class of preferred shares/units of beneficial interest. (Per share/unit) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Shares/Units: Common shares/Class A units held by Vornado: authorized 250,000,000 shares/units $ 0.53 $ 0.53 $ 1.59 $ 1.85 Convertible Preferred (1) : 6.5% Series A: authorized 12,902 and 13,402 shares/units (2) 0.8125 0.8125 2.4375 2.4375 Cumulative Redeemable Preferred (3) : 5.70% Series K: authorized 12,000,000 shares/units 0.3563 0.3563 1.0689 1.0689 5.40% Series L: authorized 13,800,000 shares/units 0.3375 0.3375 1.0125 1.0125 5.25% Series M: authorized 13,800,000 shares/units 0.3281 0.3281 0.9843 0.9843 5.25% Series N: authorized 12,000,000 shares/units (4) 0.3281 N/A 0.9843 N/A 4.45% Series O: authorized 12,000,000 shares/units (5) 0.0278 N/A 0.0278 N/A ____________________ (1) Dividends on preferred shares and distributions on preferred units are cumulative and are payable quarterly in arrears. (2) Redeemable at the option of Vornado under certain circumstances, at a redemption price of 1.9531 common shares/Class A units per Series A Preferred Share/Unit plus accrued and unpaid dividends/distributions through the date of redemption, or convertible at any time at the option of the holder for 1.9531 common shares/Class A units per Series A Preferred Share/Unit. (3) Series L preferred shares/units are redeemable at Vornado's option at a redemption price of $25.00 per share/unit, plus accrued and unpaid dividends/distributions through the date of redemption. Series M preferred shares/units are redeemable commencing December 2022, Series N preferred shares/units are redeemable commencing November 2025 and Series O preferred shares/units are redeemable commencing September 2026. Series K preferred shares/units were redeemed on October 13, 2021. (4) Issued in November 2020. (5) Issued in September 2021. 12. Shareholders' Equity/Partners' Capital - continued Accumulated Other Comprehensive Loss The following tables set forth the changes in accumulated other comprehensive loss by component. (Amounts in thousands) For the three months ended September 30, 2021: Total Accumulated other comprehensive loss of nonconsolidated subsidiaries Interest Other Balance as of June 30, 2021 $ (51,437) $ (9,279) $ (45,905) $ 3,747 Other comprehensive income (loss) 6,258 1,322 5,360 (424) Balance as of September 30, 2021 $ (45,179) $ (7,957) $ (40,545) $ 3,323 For the three months ended September 30, 2020: Balance as of June 30, 2020 $ (82,646) $ 12 $ (81,525) $ (1,133) Other comprehensive (loss) income (7,188) (15,634) 7,926 520 Balance as of September 30, 2020 $ (89,834) $ (15,622) $ (73,599) $ (613) For the nine months ended September 30, 2021: Balance as of December 31, 2020 $ (75,099) $ (14,338) $ (66,098) $ 5,337 Other comprehensive income (loss) 29,920 6,381 25,553 (2,014) Balance as of September 30, 2021 $ (45,179) $ (7,957) $ (40,545) $ 3,323 For the nine months ended September 30, 2020: Balance as of December 31, 2019 $ (40,233) $ 4 $ (36,126) $ (4,111) Other comprehensive (loss) income (49,601) (15,626) (37,473) 3,498 Balance as of September 30, 2020 $ (89,834) $ (15,622) $ (73,599) $ (613)

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	9 Months Ended
	Sep. 30, 2021
Variable Interest Entities [Abstract]
Variable Interest Entities (VIEs)	Variable Interest Entities ("VIEs") Unconsolidated VIEs As of September 30, 2021 and December 31, 2020, we have several unconsolidated VIEs. We do not consolidate these entities because we are not the primary beneficiary and the nature of our involvement in the activities of these entities does not give us power over decisions that significantly affect these entities’ economic performance. We account for our investment in these entities under the equity method (see Note 6 – Investments in Partially Owned Entities ). As of September 30, 2021 and December 31, 2020, the net carrying amount of our investments in these entities was $71,085,000 and $224,754,000, respectively, and our maximum exposure to loss in these entities is limited to the carrying amount of our investments. Consolidated VIEs Our most significant consolidated VIEs are the Operating Partnership (for Vornado), the Farley joint venture and certain properties that have non-controlling interests. These entities are VIEs because the non-controlling interests do not have substantive kick-out or participating rights. We consolidate these entities because we control all significant business activities. As of September 30, 2021, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $4,409,171,000 and $2,369,114,000, respectively. As of December 31, 2020, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $4,053,841,000 and $1,722,719,000, respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC 820 defines fair value and establishes a framework for measuring fair value. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 – quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 – observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 – unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets. Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis Financial assets and liabilities that are measured at fair value on our consolidated balance sheets consist of (i) real estate fund investments, (ii) the assets in our deferred compensation plan (for which there is a corresponding liability on our consolidated balance sheets), (iii) loans receivable (for which we have elected the fair value option under ASC Subtopic 825-10, Financial Instruments ("ASC 825-10")), (iv) interest rate swaps and (v) mandatorily redeemable instruments (Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units). The tables on the following page aggregate the fair values of these financial assets and liabilities by their levels in the fair value hierarchy. 14. Fair Value Measurements - continued Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued (Amounts in thousands) As of September 30, 2021 Total Level 1 Level 2 Level 3 Real estate fund investments $ 3,739 $ — $ — $ 3,739 Deferred compensation plan assets ($4,407 included in restricted cash and $103,454 in other assets) 107,861 61,292 — 46,569 Loans receivable ($45,610 included in investments in partially owned entities and $3,760 in other assets) 49,370 — — 49,370 Interest rate swaps and caps (included in other assets) 5,091 — 5,091 — Total assets $ 166,061 $ 61,292 $ 5,091 $ 99,678 Mandatorily redeemable instruments (included in other liabilities) $ 50,149 $ 50,149 $ — $ — Interest rate swaps (included in other liabilities) 45,392 — 45,392 — Total liabilities $ 95,541 $ 50,149 $ 45,392 $ — (Amounts in thousands) As of December 31, 2020 Total Level 1 Level 2 Level 3 Real estate fund investments $ 3,739 $ — $ — $ 3,739 Deferred compensation plan assets ($10,813 included in restricted cash and $94,751 in other assets) 105,564 65,636 — 39,928 Loans receivable ($43,008 included in investments in partially owned entities and $4,735 in other assets) 47,743 — — 47,743 Interest rate swaps and caps (included in other assets) 17 — 17 — Total assets $ 157,063 $ 65,636 $ 17 $ 91,410 Mandatorily redeemable instruments (included in other liabilities) $ 50,002 $ 50,002 $ — $ — Interest rate swaps (included in other liabilities) 66,033 — 66,033 — Total liabilities $ 116,035 $ 50,002 $ 66,033 $ — Real Estate Fund Investments As of September 30, 2021, we had four real estate fund investments with an aggregate fair value of $3,739,000, $339,812,000 below cost. These investments are classified as Level 3. Significant unobservable quantitative inputs used in determining the fair value of each investment include capitalization rates and discount rates. These rates are based on the location, type and nature of each property, current and anticipated market conditions, industry publications and from the experience of our Acquisitions and Capital Markets departments. Significant unobservable quantitative inputs in the table below were utilized in determining the fair value of these real estate fund investments. Range Weighted Average Unobservable Quantitative Input September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 Discount rates 7.2% to 15.0% 7.6% to 15.0% 11.9% 12.7% Terminal capitalization rates 5.3% to 10.6% 5.5% to 10.3% 8.1% 7.9% The inputs above are subject to change based on changes in economic and market conditions and/or changes in use or timing of exit. Changes in discount rates and terminal capitalization rates result in increases or decreases in the fair values of these investments. The discount rates encompass, among other things, uncertainties in the valuation models with respect to terminal capitalization rates and the amount and timing of cash flows. Therefore, a change in the fair value of these investments resulting from a change in the terminal capitalization rate may be partially offset by a change in the discount rate. It is not possible for us to predict the effect of future economic or market conditions on our estimated fair values. 14. Fair Value Measurements - continued Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued Real Estate Fund Investments - continued The table below summarizes the changes in the fair value of real estate fund investments that are classified as Level 3. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Beginning balance $ 3,739 $ 17,453 $ 3,739 $ 222,649 Purchases/additional fundings — 502 789 6,502 Net unrealized loss on held investments — (14,216) (789) (225,412) Ending balance $ 3,739 $ 3,739 $ 3,739 $ 3,739 Deferred Compensation Plan Assets Deferred compensation plan assets that are classified as Level 3 consist of investments in limited partnerships and investment funds, which are managed by third parties. We receive quarterly financial reports from a third-party administrator, which are compiled from the quarterly reports provided to them from each limited partnership and investment fund. The quarterly reports provide net asset values on a fair value basis which are audited by independent public accounting firms on an annual basis. The period of time over which these underlying assets are expected to be liquidated is unknown. The third party administrator does not adjust these values in determining our share of the net assets and we do not adjust these values when reported in our consolidated financial statements. The table below summarizes the changes in the fair value of deferred compensation plan assets that are classified as Level 3. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Beginning balance $ 44,855 $ 36,172 $ 39,928 $ 32,435 Purchases 2,154 666 5,167 7,615 Sales (1,547) — (2,236) (2,832) Realized and unrealized (losses) gains (69) 2,116 2,193 925 Other, net 1,176 (8) 1,517 803 Ending balance $ 46,569 $ 38,946 $ 46,569 $ 38,946 Loans Receivable Loans receivable consist of loan investments in real estate related assets for which we have elected the fair value option under ASC 825-10. These investments are classified as Level 3. Significant unobservable quantitative inputs used in determining the fair value of each investment include capitalization rates and discount rates. These rates are based on the location, type and nature of each property, current and anticipated market conditions, industry publications and from the experience of our Acquisitions and Capital Markets departments. Significant unobservable quantitative inputs in the table below were utilized in determining the fair value of these loans receivable. Range Weighted Average Unobservable Quantitative Input September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 Discount rates 6.5% 6.5% 6.5% 6.5% Terminal capitalization rates 5.0% 5.0% 5.0% 5.0% The table below summarizes the changes in fair value of loans receivable that are classified as Level 3. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Beginning balance $ 48,776 $ 46,675 $ 47,743 $ 59,251 Credit losses — — — (13,369) Interest accrual 894 834 2,602 1,627 Paydowns (300) — (975) — Ending balance $ 49,370 $ 47,509 $ 49,370 $ 47,509 14. Fair Value Measurements - continued Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued Derivatives and Hedging We utilize various financial instruments to mitigate the impact of interest rate fluctuations on our cash flows and earnings, including hedging strategies, depending on our analysis of the interest rate environment and the costs and risks of such strategies. We recognize the fair values of all derivatives in "other assets" or "other liabilities" on our consolidated balance sheets. Derivatives that are not hedges are adjusted to fair value through earnings. If a derivative is a hedge, depending on the nature of the hedge, changes in the fair value of the derivative will either be offset against the change in fair value of the hedge asset, liability, or firm commitment through earnings, or recognized in other comprehensive income until the hedged item is recognized in earnings. Reported net income and equity may increase or decrease prospectively, depending on future levels of interest rates and other variables affecting the fair values of derivative instruments and hedged items, but will have no effect on cash flows. The following tables summarize our consolidated derivative instruments, all of which hedge variable rate debt, as of September 30, 2021 and December 31, 2020. (Amounts in thousands) As of September 30, 2021 Variable Rate Hedged Item Fair Value Notional Amount Spread over LIBOR Interest Rate Swapped Rate Expiration Date Included in other assets: 555 California Street mortgage loan interest rate swap (1) $ 3,159 $ 840,000 (2) L+193 2.02% 2.26% 5/24 PENN 11 mortgage loan interest rate swap (3) 1,850 500,000 L+275 2.83% 3.03% 3/24 Various interest rate caps 82 700,000 $ 5,091 $ 2,040,000 Included in other liabilities: Unsecured term loan interest rate swap $ 39,839 $ 750,000 (4) L+100 1.09% 3.87% 10/23 33-00 Northern Boulevard mortgage loan interest rate swap 5,553 100,000 L+180 1.89% 4.14% 1/25 $ 45,392 $ 850,000 ____________________ (1) Entered into on May 15, 2021. (2) Represents our 70.0% share of the $1.2 billion mortgage loan. (3) Entered into on March 7, 2021. (4) Remaining $50,000 balance of our unsecured term loan bears interest at a floating rate of LIBOR plus 1.00%. (Amounts in thousands) As of December 31, 2020 Variable Rate Hedged Item Fair Value Notional Amount Spread over LIBOR Interest Rate Swapped Rate Expiration Date Included in other assets: Various interest rate caps $ 17 $ 175,000 Included in other liabilities: Unsecured term loan interest rate swap $ 57,723 $ 750,000 (1) L+100 1.15% 3.87% 10/23 33-00 Northern Boulevard mortgage loan interest rate swap 8,310 100,000 L+180 1.95% 4.14% 1/25 $ 66,033 $ 850,000 ____________________ (1) Remaining $50,000 balance of our unsecured term loan bears interest at a floating rate of LIBOR plus 1.00%. 14. Fair Value Measurements - continued Fair Value Measurements on a Nonrecurring Basis There were no assets measured at fair value on a nonrecurring basis on our consolidated balance sheet as of September 30, 2021. As of December 31, 2020, assets measured at fair value on a nonrecurring basis on our consolidated balance sheet consisted of real estate assets that have been written down to estimated fair value for impairment purposes. The impairment losses primarily relate to wholly owned street retail assets. Our estimate of the fair value of these assets was measured using widely accepted valuation techniques including (i) discounted cash flow analyses based upon market conditions and expectations of growth and utilized unobservable quantitative inputs, including a capitalization rate of 5.0% and discount rate of 7.0%, and (ii) comparable sales activity. (Amounts in thousands) As of December 31, 2020 Total Level 1 Level 2 Level 3 Real estate assets $ 191,116 $ — $ — $ 191,116 Financial Assets and Liabilities not Measured at Fair Value Financial assets and liabilities that are not measured at fair value on our consolidated balance sheets include cash equivalents (primarily money market funds, which invest in obligations of the United States government), and our secured and unsecured debt. Estimates of the fair value of these instruments are determined by the standard practice of modeling the contractual cash flows required under the instrument and discounting them back to their present value at the appropriate current risk adjusted interest rate, which is provided by a third-party specialist. For floating rate debt, we use forward rates derived from observable market yield curves to project the expected cash flows we would be required to make under the instrument. The fair value of cash equivalents and borrowings under our unsecured revolving credit facilities and unsecured term loan are classified as Level 1. The fair value of our secured debt and unsecured debt are classified as Level 2. The table below summarizes the carrying amounts and fair value of these financial instruments. (Amounts in thousands) As of September 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Cash equivalents $ 1,730,951 $ 1,731,000 $ 1,476,427 $ 1,476,000 Debt: Mortgages payable $ 6,104,615 $ 6,080,000 $ 5,608,458 $ 5,612,000 Senior unsecured notes 1,200,000 1,246,000 450,000 476,000 Unsecured term loan 800,000 800,000 800,000 800,000 Unsecured revolving credit facilities 575,000 575,000 575,000 575,000 Total $ 8,679,615 (1) $ 8,701,000 $ 7,433,458 (1) $ 7,463,000 ____________________ (1) Excludes $47,874 and $34,462 of deferred financing costs, net and other as of September 30, 2021 and December 31, 2020, respectively.

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-based Compensation We account for all equity-based compensation in accordance with ASC Topic 718, Compensation - Stock Compensation . Stock-based compensation expense, a component of "general and administrative" expense on our consolidated statements of income, was $5,510,000 and $6,170,000 for the three months ended September 30, 2021 and 2020, respectively, and $32,889,000 and $39,638,000 for the nine months ended September 30, 2021 and 2020, respectively.

(Impairment Losses, Transaction

(Impairment Losses, Transaction Related Costs and Other) Lease Liability Extinguishment Gain	9 Months Ended
	Sep. 30, 2021
Transaction Related Costs, Impairment Losses and Other [Abstract]
(Impairment Losses, Transaction Related Costs and Other) Lease Liability Extinguishment Gain	(Impairment Losses, Transaction Related Costs and Other) Lease Liability Extinguishment Gain The following table sets forth the details of (impairment losses, transaction related costs and other) lease liability extinguishment gain: (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Real estate impairment losses (see page 29 for details) $ (7,880) $ — $ (7,880) $ — Transaction related costs and other (1,801) (584) (2,750) (1,694) 608 Fifth Avenue lease liability extinguishment gain — — — 70,260 $ (9,681) $ (584) $ (10,630) $ 68,566

Interest and Other Investment I

Interest and Other Investment Income (Loss), Net	9 Months Ended
	Sep. 30, 2021
Interest and Other Income [Abstract]
Interest and Other Investment Income (Loss), Net	Interest and Other Investment Income (Loss), Net The following table sets forth the details of interest and other investment income (loss), net: (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Interest on loans receivable $ 561 $ 574 $ 1,679 $ 2,810 Interest on cash and cash equivalents and restricted cash 67 253 207 5,717 Credit losses on loans receivable — — — (13,369) Market-to-market decrease in the fair value of marketable security (sold on January 23, 2020) — — — (4,938) Other, net 5 902 1,808 2,712 Total $ 633 $ 1,729 $ 3,694 $ (7,068)

Interest and Debt Expense

Interest and Debt Expense	9 Months Ended
	Sep. 30, 2021
Interest and Debt Expense [Abstract]
Interest And Debt Expense	Interest and Debt Expense The following table sets forth the details of interest and debt expense: (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Interest expense $ 57,028 $ 61,793 $ 170,938 $ 191,973 Capitalized interest and debt expense (10,739) (9,328) (31,785) (30,829) Amortization of deferred financing costs 4,657 4,906 13,751 13,474 $ 50,946 $ 57,371 $ 152,904 $ 174,618

Income (Loss) Per Share_Income

Income (Loss) Per Share/Income (Loss) Per Class A Unit	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Income (Loss) Per Share/Income (Loss) Per Class A Unit	Income (Loss) Per Share/Income (Loss) Per Class A Unit Vornado Realty Trust The following table presents the calculations of (i) basic income (loss) per common share which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares and (ii) diluted income (loss) per common share which includes the weighted average common shares and dilutive share equivalents. Unvested share-based payment awards that contain nonforfeitable rights to dividends, whether paid or unpaid, are accounted for as participating securities. Earnings are allocated to participating securities, which include restricted stock awards, based on the two-class method. Other potential dilutive share equivalents such as our employee stock options, restricted Operating Partnership units ("OP Units"), out-performance plan awards ("OPPs"), appreciation-only long term incentive plan units ("AO LTIP Units") and Performance Conditioned AO LTIP Units are included in the computation of diluted Earnings Per Share ("EPS") using the treasury stock method, while the dilutive effect of our Series A convertible preferred shares is reflected in diluted EPS by application of the if-converted method. (Amounts in thousands, except per share amounts) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Numerator: Net income (loss) attributable to Vornado $ 63,522 $ 65,700 $ 148,584 $ (102,026) Preferred share dividends (16,800) (12,530) (49,734) (37,591) Series K preferred share issuance costs (9,033) — (9,033) — Net income (loss) attributable to common shareholders 37,689 53,170 89,817 (139,617) Earnings allocated to unvested participating securities (8) (15) (26) (84) Numerator for basic and diluted income (loss) per share $ 37,681 $ 53,155 $ 89,791 $ (139,701) Denominator: Denominator for basic income (loss) per share – weighted average shares 191,577 191,162 191,508 191,102 Effect of dilutive securities (1) : Out-Performance Plan units 452 — 630 — AO LTIP units 8 — 10 — Employee stock options and restricted stock awards 4 — 3 — Denominator for diluted income (loss) per share – weighted average shares and assumed conversions 192,041 191,162 192,151 191,102 INCOME (LOSS) PER COMMON SHARE - BASIC: Net income (loss) per common share $ 0.20 $ 0.28 $ 0.47 $ (0.73) INCOME (LOSS) PER COMMON SHARE - DILUTED: Net income (loss) per common share $ 0.20 $ 0.28 $ 0.47 $ (0.73) ____________________ (1) The effect of dilutive securities excluded an aggregate of 13,876 and 14,159 weighted average common share equivalents for the three months ended September 30, 2021 and 2020, respectively, and 13,815 and 14,007 weighted average common share equivalents for the nine months ended September 30, 2021 and 2020, respectively, as their effect was anti-dilutive. 19. Income (Loss) Per Share/Income (Loss) Per Class A Unit - continued Vornado Realty L.P. The following table presents the calculations of (i) basic income (loss) per Class A unit which includes the weighted average number of Class A units outstanding without regard to dilutive potential Class A units and (ii) diluted income (loss) per Class A unit which includes the weighted average Class A units and dilutive Class A unit equivalents. Unvested share-based payment awards that contain non-forfeitable rights to dividends, whether paid or unpaid, are accounted for as participating securities. Earnings are allocated to participating securities, which include Vornado restricted stock awards, OP Units and OPPs, based on the two-class method. Other potential dilutive unit equivalents such as Vornado stock options, AO LTIP Units and Performance Conditioned AO LTIP Units are included in the computation of diluted income per unit ("EPU") using the treasury stock method, while the dilutive effect of our Series A convertible preferred units is reflected in diluted EPU by application of the if-converted method. (Amounts in thousands, except per unit amounts) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Numerator: Net income (loss) attributable to Vornado Realty L.P. $ 66,340 $ 69,584 $ 155,267 $ (112,116) Preferred unit distributions (16,842) (12,572) (49,858) (37,715) Series K preferred unit issuance costs (9,033) — (9,033) — Net income (loss) attributable to Class A unitholders 40,465 57,012 96,376 (149,831) Earnings allocated to unvested participating securities (649) (734) (2,034) (4,685) Numerator for basic and diluted income (loss) per Class A unit $ 39,816 $ 56,278 $ 94,342 $ (154,516) Denominator: Denominator for basic income (loss) per Class A unit – weighted average units 204,864 203,554 204,663 203,480 Effect of dilutive securities (1) : Vornado stock options, Vornado restricted stock awards, OP Units, AO LTIP Units and OPPs 839 — 953 — Denominator for diluted income (loss) per Class A unit – weighted average units and assumed conversions 205,703 203,554 205,616 203,480 INCOME (LOSS) PER CLASS A UNIT - BASIC: Net income (loss) per Class A unit $ 0.19 $ 0.28 $ 0.46 $ (0.76) INCOME (LOSS) PER CLASS A UNIT - DILUTED: Net income (loss) per Class A unit $ 0.19 $ 0.28 $ 0.46 $ (0.76) ____________________ (1) The effect of dilutive securities excluded an aggregate of 214 and 1,767 weighted average Class A unit equivalents for the three months ended September 30, 2021 and 2020, respectively, and 350 and 1,629 weighted average Class A unit equivalents for the nine months ended September 30, 2021 and 2020, respectively, as their effect was anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Insurance For our properties (except Farley), we maintain general liability insurance with limits of $300,000,000 per occurrence and per property, of which $250,000,000 includes communicable disease coverage, and we maintain all risk property and rental value insurance with limits of $2.0 billion per occurrence, with sub-limits for certain perils such as flood and earthquake and effective February 15, 2021, excluding communicable disease coverage. For the period February 15, 2020 through February 14, 2021, we and the insurance carriers for our all risk property policy have disagreements as to the applicability of a $2,300,000 sub-limit for communicable disease coverage across our properties. Our California properties have earthquake insurance with coverage of $350,000,000 per occurrence and in the aggregate, subject to a deductible in the amount of 5% of the value of the affected property. We maintain coverage for certified terrorism acts with limits of $6.0 billion per occurrence and in the aggregate (as listed below), $1.2 billion for non-certified acts of terrorism, and $5.0 billion per occurrence and in the aggregate for terrorism involving nuclear, biological, chemical and radiological (“NBCR”) terrorism events, as defined by the Terrorism Risk Insurance Act of 2002, as amended to date and which has been extended through December 2027. Penn Plaza Insurance Company, LLC (“PPIC”), our wholly owned consolidated subsidiary, acts as a re-insurer with respect to a portion of all risk property and rental value insurance and a portion of our earthquake insurance coverage, and as a direct insurer for coverage for acts of terrorism including NBCR acts. Coverage for acts of terrorism (excluding NBCR acts) is fully reinsured by third-party insurance companies and the Federal government with no exposure to PPIC. For NBCR acts, PPIC is responsible for a deductible of $1,759,257 and 20% of the balance of a covered loss and the Federal government is responsible for the remaining portion of a covered loss. We are ultimately responsible for any loss incurred by PPIC. For Farley, we maintain general liability insurance with limits of $100,000,000 per occurrence, and builder’s risk insurance including coverage for existing property and development activities of $2.8 billion per occurrence and in the aggregate. We maintain coverage for certified and non-certified terrorism acts with limits of $1.85 billion and $1.17 billion per occurrence, respectively, and in the aggregate . We continue to monitor the state of the insurance market and the scope and costs of coverage for acts of terrorism and other events. However, we cannot anticipate what coverage will be available on commercially reasonable terms in the future. We are responsible for uninsured losses and for deductibles and losses in excess of our insurance coverage, which could be material . Our debt instruments, consisting of mortgage loans secured by our properties, senior unsecured notes and revolving credit agreements contain customary covenants requiring us to maintain insurance. Although we believe that we have adequate insurance coverage for purposes of these agreements, we may not be able to obtain an equivalent amount of coverage at reasonable costs in the future. Further, if lenders insist on greater coverage than we are able to obtain it could adversely affect our ability to finance or refinance our properties and expand our portfolio. Other Commitments and Contingencies We are from time to time involved in legal actions arising in the ordinary course of business. In our opinion, after consultation with legal counsel, the outcome of such matters is not currently expected to have a material adverse effect on our financial position, results of operations or cash flows. Each of our properties has been subjected to varying degrees of environmental assessment at various times. The environmental assessments did not reveal any material environmental contamination. However, there can be no assurance that the identification of new areas of contamination, changes in the extent or known scope of contamination, the discovery of additional sites, or changes in cleanup requirements would not result in significant costs to us. In July 2018, we leased 78,000 square feet at 345 Montgomery Street in San Francisco, CA, to a subsidiary of Regus PLC, for an initial term of 15 years. The obligations under the lease were guaranteed by Regus PLC in an amount of up to $90,000,000. The tenant purported to terminate the lease prior to space delivery. We commenced a suit on October 23, 2019 seeking to enforce the lease and the guaranty. On May 11, 2021, the court issued a final statement of decision in our favor and on July 7, 2021, the Regus subsidiary appealed the decision. On October 9, 2020, the successor to Regus PLC filed for bankruptcy in Luxembourg. We are actively pursuing claims relating to the guaranty against the successor to Regus PLC and its parent, in Luxembourg and other jurisdictions. In November 2011, we entered into an agreement with the New York City Economic Development Corporation ("EDC") to lease Piers 92 and 94 (the "Piers"). In February 2019, EDC issued an order for us to vacate Pier 92 due to structural problems. Beginning March 2020 through August 2021, we did not pay EDC the monthly rent due under the non-recourse lease due to the loss of our right to use or occupy Pier 92. On August 31, 2021, both parties entered into a mutual release with respect to claims by EDC for unpaid rent owed and claims by the Company for costs and damages as a result of our inability to use or occupy Pier 92. 20. Commitments and Contingencies - continued Other Commitments and Contingencies - continued Our mortgage loans are non-recourse to us, except for the mortgage loans secured by 640 Fifth Avenue, 7 West 34th Street and 435 Seventh Avenue, which we guaranteed and therefore are part of our tax basis. In certain cases, we have provided guarantees or master leased tenant space. These guarantees and master leases terminate either upon the satisfaction of specified circumstances or repayment of underlying loans. In addition, we have guaranteed the rent and payments in lieu of real estate taxes due to Empire State Development, an entity of New York State, for Farley Office and Retail. As of September 30, 2021, the aggregate dollar amount of these guarantees and master leases is approximately $1,653,000,000. As of September 30, 2021, $13,273,000 of letters of credit were outstanding under one of our unsecured revolving credit facilities. Our unsecured revolving credit facilities contain financial covenants that require us to maintain minimum interest coverage and maximum debt to market capitalization ratios, and provide for higher interest rates in the event of a decline in our ratings below Baa3/BBB. Our unsecured revolving credit facilities also contain customary conditions precedent to borrowing, including representations and warranties, and also contain customary events of default that could give rise to accelerated repayment, including such items as failure to pay interest or principal. Our 95% consolidated joint venture (5% is owned by Related Companies ("Related")) is developing Farley Office and Retail. In connection with the development of the property, the joint venture took in a historic Tax Credit Investor. Under the terms of the historic tax credit arrangement, the joint venture is required to comply with various laws, regulations, and contractual provisions. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, may require a refund or reduction of the Tax Credit Investor’s capital contributions. As of September 30, 2021, the Tax Credit Investor has made $92,400,000 in capital contributions. Vornado and Related have guaranteed certain of the joint venture’s obligations to the Tax Credit Investor. As investment manager of the Fund we are entitled to an incentive allocation after the limited partners have received a preferred return on their invested capital. The incentive allocation is subject to catch-up and clawback provisions. Accordingly, based on the September 30, 2021 fair value of the Fund assets, at liquidation we would be required to make a $28,000,000 payment to the limited partners, net of amounts owed to us, representing a clawback of previously paid incentive allocations, which would have no income statement impact as it was previously accrued. As of September 30, 2021, we expect to fund additional capital to certain of our partially owned entities aggregating approximately $10,700,000. As of September 30, 2021, we have construction commitments aggregating approximately $384,000,000.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information We operate in two reportable segments, New York and Other, which is based on how we manage our business. Net operating income ("NOI") at share represents total revenues less operating expenses including our share of partially owned entities. NOI at share - cash basis represents NOI at share adjusted to exclude straight-line rental income and expense, amortization of acquired below and above market leases, net and other non-cash adjustments. We consider NOI at share - cash basis to be the primary non-GAAP financial measure for making decisions and assessing the unlevered performance of our segments as it relates to the total return on assets as opposed to the levered return on equity. As properties are bought and sold based on NOI at share - cash basis, we utilize this measure to make investment decisions as well as to compare the performance of our assets to that of our peers. NOI at share and NOI at share - cash basis should not be considered alternatives to net income or cash flow from operations and may not be comparable to similarly titled measures employed by other companies. NOI at share - cash basis includes rent that has been deferred as a result of the COVID-19 pandemic. 21. Segment Information - continued Below is a reconciliation of net income (loss) to NOI at share and NOI at share - cash basis for the three and nine months ended September 30, 2021 and 2020. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Net income (loss) $ 71,765 $ 68,736 $ 175,590 $ (253,119) Depreciation and amortization expense 100,867 107,013 285,998 292,611 General and administrative expense 25,553 32,407 100,341 120,255 Impairment losses, transaction related costs and other (lease liability extinguishment gain) 9,681 584 10,630 (68,566) (Income) loss from partially owned entities (26,269) 80,909 (86,768) 353,679 Loss (income) from real estate fund investments 66 13,823 (5,107) 225,328 Interest and other investment (income) loss, net (633) (1,729) (3,694) 7,068 Interest and debt expense 50,946 57,371 152,904 174,618 Net gains on disposition of wholly owned and partially owned assets (10,087) (214,578) (35,811) (338,862) Income tax (benefit) expense (25,376) 23,781 (20,551) 38,431 NOI from partially owned entities 75,644 78,175 231,635 229,543 NOI attributable to noncontrolling interests in consolidated subsidiaries (16,886) (25,959) (50,221) (56,900) NOI at share 255,271 220,533 754,946 724,086 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other 1,922 10,981 1,570 48,247 NOI at share - cash basis $ 257,193 $ 231,514 $ 756,516 $ 772,333 Below is a summary of NOI at share and NOI at share - cash basis by segment for the three and nine months ended September 30, 2021 and 2020. (Amounts in thousands) For the Three Months Ended September 30, 2021 Total New York Other Total revenues $ 409,212 $ 316,643 $ 92,569 Operating expenses (212,699) (151,276) (61,423) NOI - consolidated 196,513 165,367 31,146 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (16,886) (9,747) (7,139) Add: NOI from partially owned entities 75,644 73,219 2,425 NOI at share 255,271 228,839 26,432 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other 1,922 783 1,139 NOI at share - cash basis $ 257,193 $ 229,622 $ 27,571 (Amounts in thousands) For the Three Months Ended September 30, 2020 Total New York Other Total revenues $ 363,962 $ 293,145 $ 70,817 Operating expenses (195,645) (161,386) (34,259) NOI - consolidated 168,317 131,759 36,558 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (25,959) (17,776) (8,183) Add: NOI from partially owned entities 78,175 75,837 2,338 NOI at share 220,533 189,820 30,713 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other 10,981 6,261 4,720 NOI at share - cash basis $ 231,514 $ 196,081 $ 35,433 21. Segment Information - continued (Amounts in thousands) For the Nine Months Ended September 30, 2021 Total New York Other Total revenues $ 1,168,130 $ 921,758 $ 246,372 Operating expenses (594,598) (468,294) (126,304) NOI - consolidated 573,532 453,464 120,068 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (50,221) (26,841) (23,380) Add: NOI from partially owned entities 231,635 224,392 7,243 NOI at share 754,946 651,015 103,931 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other 1,570 351 1,219 NOI at share - cash basis $ 756,516 $ 651,366 $ 105,150 (Amounts in thousands) For the Nine Months Ended September 30, 2020 Total New York Other Total revenues $ 1,151,520 $ 919,388 $ 232,132 Operating expenses (600,077) (484,624) (115,453) NOI - consolidated 551,443 434,764 116,679 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (56,900) (34,713) (22,187) Add: NOI from partially owned entities 229,543 221,296 8,247 NOI at share 724,086 621,347 102,739 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other 48,247 40,310 7,937 NOI at share - cash basis $ 772,333 $ 661,657 $ 110,676

Recently Issued Accounting Li_2

Recently Issued Accounting Literature (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Basis of Presentation	The accompanying consolidated financial statements are unaudited and include the accounts of Vornado and the Operating Partnership and their consolidated subsidiaries. All inter-company amounts have been eliminated and all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and changes in cash flows have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. These condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC. We have made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The results of operations for the three and nine months ended September 30, 2021 are not necessarily indicative of the operating results for the full year. In addition, certain prior year balances have been reclassified in order to conform to the current period presentation.
Recently Issued Accounting Literature	Recently Issued Accounting Literature In March 2020, the Financial Accounting Standards Board ("FASB") issued an update ("ASU 2020-04") establishing Accounting Standards Codification ("ASC") Topic 848, Reference Rate Reform . ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. We have elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. We continue to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur. In August 2020, the FASB issued an update ("ASU 2020-06") Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40). ASU 2020-06 simplifies the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock, removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception and also simplifies the diluted earnings per share calculation in certain areas. ASU 2020-06 is effective for reporting periods beginning after December 15, 2021, with early adoption permitted. We are currently evaluating the impact of the adoption of ASU 2020-06 on our consolidated financial statements, but do not believe the adoption of this standard will have a material impact on our consolidated financial statements. In July 2021, the FASB issued an update ("ASU 2021-05") Lessors - Certain Leases with Variable Lease Payments to ASC Topic 842, Leases ("ASC 842").
Real Estate Fund Investments	The Fund is accounted for under ASC Topic 946, Financial Services – Investment Companies (“ASC 946”) and its investments are reported on its balance sheet at fair value, with changes in value each period recognized in earnings. We consolidate the accounts of the Fund into our consolidated financial statements, retaining the fair value basis of accounting.
Redeemable Noncontrolling Interests	Redeemable noncontrolling partnership units are primarily comprised of Class A Operating Partnership units held by third parties and are recorded at the greater of their carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to “additional capital” in Vornado’s consolidated statements of changes in equity and to “partners’ capital” on the consolidated balance sheets of the Operating Partnership. Redeemable noncontrolling partnership units exclude our Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units, as they are accounted for as liabilities in accordance with ASC Topic 480, Distinguishing Liabilities and Equity
Fair Value Measurement	ASC 820 defines fair value and establishes a framework for measuring fair value. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 – quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 – observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 – unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets.
Stock-based Compensation	We account for all equity-based compensation in accordance with ASC Topic 718, Compensation - Stock Compensation . Stock-based compensation expense, a component of "general and administrative" expense on our consolidated statements of income, was $5,510,000 and $6,170,000 for the three months ended September 30, 2021 and 2020, respectively, and $32,889,000 and $39,638,000 for the nine months ended September 30, 2021 and 2020, respectively.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Summary of Revenue Sources by Segment	Below is a summary of our revenues by segment. Additional financial information related to these reportable segments for the three and nine months ended September 30, 2021 and 2020 is set forth in Note 21 - Segment Information. (Amounts in thousands) For the Three Months Ended September 30, 2021 For the Three Months Ended September 30, 2020 Total New York Other Total New York Other Property rentals (1) $ 345,235 $ 273,197 $ 72,038 $ 312,748 $ 248,328 $ 64,420 Trade shows (2) 12,605 — 12,605 — — — Lease revenues (3) 357,840 273,197 84,643 312,748 248,328 64,420 Tenant services 11,363 7,565 3,798 9,505 6,589 2,916 Rental revenues 369,203 280,762 88,441 322,253 254,917 67,336 BMS cleaning fees 30,827 32,630 (1,803) (4) 24,054 25,592 (1,538) (4) Management and leasing fees 2,509 2,680 (171) 11,649 11,732 (83) Other income 6,673 571 6,102 6,006 904 5,102 Fee and other income 40,009 35,881 4,128 41,709 38,228 3,481 Total revenues $ 409,212 $ 316,643 $ 92,569 $ 363,962 $ 293,145 $ 70,817 ____________________ See notes below. (Amounts in thousands) For the Nine Months Ended September 30, 2021 For the Nine Months Ended September 30, 2020 Total New York Other Total New York Other Property rentals (1) $ 1,008,237 $ 795,841 $ 212,396 $ 992,238 $ 788,248 $ 203,990 Hotel Pennsylvania (5) — — — 8,741 8,741 — Trade shows (2) 12,605 — 12,605 11,303 — 11,303 Lease revenues (3) 1,020,842 795,841 225,001 1,012,282 796,989 215,293 Tenant services 27,274 18,502 8,772 26,439 18,310 8,129 Rental revenues 1,048,116 814,343 233,773 1,038,721 815,299 223,422 BMS cleaning fees 87,387 92,178 (4,791) (4) 77,635 82,426 (4,791) (4) Management and leasing fees 10,951 11,290 (339) 16,353 16,307 46 Other income 21,676 3,947 17,729 18,811 5,356 13,455 Fee and other income 120,014 107,415 12,599 112,799 104,089 8,710 Total revenues $ 1,168,130 $ 921,758 $ 246,372 $ 1,151,520 $ 919,388 $ 232,132 ____________________ (1) Reduced by $22,135 and $60,766 for the three and nine months ended September 30, 2020, respectively, for the write-off of lease receivables deemed uncollectible (primarily write-offs of receivables arising from the straight-lining of rents). (2) We cancelled trade shows at theMART beginning late March of 2020 due to the COVID-19 pandemic and resumed in the third quarter of 2021. (3) The components of lease revenues were as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Fixed billings $ 329,499 $ 307,013 $ 945,322 $ 983,669 Variable billings 29,008 29,574 90,780 100,057 Total contractual operating lease billings 358,507 336,587 1,036,102 1,083,726 Adjustment for straight-line rents and amortization of acquired below-market leases and other, net 1,313 (1,704) (8,041) (10,678) Less: write-off of straight-line rent and tenant receivables deemed uncollectible (1,980) (22,135) (7,219) (60,766) Lease revenues $ 357,840 $ 312,748 $ 1,020,842 $ 1,012,282 (4) Represents the elimination of theMART and 555 California Street Building Maintenance Services LLC ("BMS") cleaning fees which are included as income in the New York segment. (5) On April 5, 2021, we permanently closed the Hotel Pennsylvania.
Components of Fixed and Variable Lease Revenues	The components of lease revenues were as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Fixed billings $ 329,499 $ 307,013 $ 945,322 $ 983,669 Variable billings 29,008 29,574 90,780 100,057 Total contractual operating lease billings 358,507 336,587 1,036,102 1,083,726 Adjustment for straight-line rents and amortization of acquired below-market leases and other, net 1,313 (1,704) (8,041) (10,678) Less: write-off of straight-line rent and tenant receivables deemed uncollectible (1,980) (22,135) (7,219) (60,766) Lease revenues $ 357,840 $ 312,748 $ 1,020,842 $ 1,012,282

Real Estate Fund Investments (T

Real Estate Fund Investments (Tables)	9 Months Ended
	Sep. 30, 2021
Real Estate Fund Investments [Abstract]
Schedule Of Income And Loss From The Fund	Below is a summary of income (loss) from the Fund and the Crowne Plaza Joint Venture. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Net investment (loss) income $ (66) $ 393 $ 5,896 $ 84 Net unrealized loss on held investments — (14,216) (789) (225,412) (Loss) income from real estate fund investments (66) (13,823) 5,107 (225,328) Less loss (income) attributable to noncontrolling interests in consolidated subsidiaries 360 11,299 (2,914) 160,557 Income (loss) from real estate fund investments net of noncontrolling interests in consolidated subsidiaries $ 294 $ (2,524) $ 2,193 $ (64,771)

Investments in Partially Owne_2

Investments in Partially Owned Entities (Tables)	9 Months Ended
	Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Below is a schedule summarizing our investments in partially owned entities. (Amounts in thousands) Percentage Ownership at September 30, 2021 Balance as of September 30, 2021 December 31, 2020 Investments: Fifth Avenue and Times Square JV (see page 26 for details): 51.5% $ 2,771,904 $ 2,798,413 Partially owned office buildings/land (1) Various 305,059 473,285 Alexander’s 32.4% 80,477 82,902 Other investments (2) Various 130,430 136,507 $ 3,287,870 $ 3,491,107 Investments in partially owned entities included in other liabilities (3) : 7 West 34th Street 53.0% $ (58,927) $ (55,340) 85 Tenth Avenue 49.9% (16,906) (13,080) $ (75,833) $ (68,420) ____________________ (1) Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue (consolidated from August 5, 2021, see Note 8 - Acquisitions and Dispositions for details), 512 West 22nd Street, 61 Ninth Avenue and others. (2) Includes interests in Independence Plaza, Rosslyn Plaza and others. (3) Our negative basis results from distributions in excess of our investment. 6. Investments in Partially Owned Entities - continued Below is a schedule of income (loss) from partially owned entities. (Amounts in thousands) Percentage Ownership at September 30, 2021 For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Our share of net income (loss): Fifth Avenue and Times Square JV (see page 26 for details): Equity in net income (1) 51.5% $ 12,671 $ 7,694 $ 32,314 $ 13,631 Return on preferred equity, net of our share of the expense 9,430 9,430 27,985 27,926 Non-cash impairment loss — (107,023) — (413,349) 22,101 (89,899) 60,299 (371,792) Alexander's (see page 27 for details): Equity in net income (2) 32.4% 3,710 2,075 14,808 7,420 Net gain on sale of land — — 2,956 — Management, leasing and development fees 1,085 1,296 3,622 3,778 4,795 3,371 21,386 11,198 Partially owned office buildings (3) Various 1,291 6,418 11,021 8,550 Other investments (4) Various (1,918) (799) (5,938) (1,635) $ 26,269 $ (80,909) $ 86,768 $ (353,679) ____________________ (1) The three and nine months ended September 30, 2021 include decreases in our share of depreciation and amortization expense compared to the the prior year periods of $3,177 and $14,282, respectively, primarily resulting from non-cash impairment losses recognized during 2020 (see page 26 for details). The nine months ended September 30, 2020 includes $2,997 of write-offs of lease receivables deemed uncollectible. (2) The three and nine months ended September 30, 2020 include our $3,139 and $4,846 share of write-offs of lease receivables deemed uncollectible, respectively. (3) Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue (consolidated from August 5, 2021, see Note 8 - Acquisitions and Dispositions for details), 7 West 34th Street, 512 West 22nd Street, 61 Ninth Avenue, 85 Tenth Avenue and others. (4) Includes interests in Independence Plaza, Rosslyn Plaza and others.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	9 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The aggregate purchase price and our existing basis in the property have been allocated between the assets acquired and the liabilities assumed (excluding working capital accounts) as follows: (Amounts in thousands) Assets: Land $ 197,057 Building and improvements 368,956 Identified intangible assets 139,545 Assets consolidated 705,558 Liabilities: Mortgages payable 525,000 Deferred revenue 18,884 Liabilities consolidated 543,884 Net assets consolidated (excluding working capital) $ 161,674

Identified Intangible Assets _2

Identified Intangible Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Identified Intangible Assets and Intangible Liabilities	The following summarizes our identified intangible assets (primarily above-market leases) and liabilities (primarily below-market leases). (Amounts in thousands) Balance as of September 30, 2021 December 31, 2020 Identified intangible assets: Gross amount $ 252,081 $ 116,969 Accumulated amortization (93,643) (93,113) Total, net $ 158,438 $ 23,856 Identified intangible liabilities (included in deferred revenue): Gross amount $ 256,065 $ 273,902 Accumulated amortization (210,346) (238,541) Total, net $ 45,719 $ 35,361
Schedule of Future Amortization Expense of Intangible Assets	Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years commencing January 1, 2022 is as follows: (Amounts in thousands) 2022 $ 7,821 2023 5,306 2024 1,498 2025 285 2026 (357) (Amounts in thousands) 2022 $ 9,805 2023 8,743 2024 7,906 2025 6,330 2026 6,136

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	The following is a summary of our debt: (Amounts in thousands) Weighted Average Interest Rate at September 30, 2021 Balance as of September 30, 2021 December 31, 2020 Mortgages Payable: Fixed rate 3.09% $ 3,140,000 $ 3,012,643 Variable rate 1.68% 2,964,615 2,595,815 Total 2.40% 6,104,615 5,608,458 Deferred financing costs, net and other (35,103) (27,909) Total, net $ 6,069,512 $ 5,580,549 Unsecured Debt: Senior unsecured notes 3.02% $ 1,200,000 $ 450,000 Deferred financing costs, net and other (10,320) (3,315) Senior unsecured notes, net 1,189,680 446,685 Unsecured term loan 3.70% 800,000 800,000 Deferred financing costs, net and other (2,451) (3,238) Unsecured term loan, net 797,549 796,762 Unsecured revolving credit facilities 0.99% 575,000 575,000 Total, net $ 2,562,229 $ 1,818,447

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interests (Tables)	9 Months Ended
	Sep. 30, 2021
Noncontrolling Interest [Abstract]
Summary Of Activity Of Redeemable Noncontrolling Interests	Below is a table summarizing the activity of redeemable noncontrolling partnership units. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Beginning balance $ 654,771 $ 624,804 $ 511,747 $ 888,915 Net income (loss) 2,818 3,884 6,683 (10,090) Other comprehensive income (loss) 426 (520) 2,016 (3,498) Distributions (7,553) (7,332) (22,422) (25,330) Redemption of Class A units for Vornado common shares, at redemption value (4,749) (3,586) (13,058) (6,050) Redeemable Class A unit measurement adjustment (64,100) (23,557) 78,848 (272,436) Other, net 13,036 5,776 30,835 27,958 Ending balance $ 594,649 $ 599,469 $ 594,649 $ 599,469 Below is a table summarizing the activity of the redeemable noncontrolling interest in a consolidated subsidiary. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Beginning balance $ 94,913 $ 94,112 $ 94,520 $ — Net income 1,126 171 1,519 307 Contributions — — — 92,400 Other, net — (1) — 1,575 Ending balance $ 96,039 $ 94,282 $ 96,039 $ 94,282

Shareholders' Equity_Partners_2

Shareholders' Equity/Partners' Capital (Tables)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Schedule of Dividends	The following table sets forth the details of our dividends/distributions per common share/Class A unit and dividends/distributions per share/unit for each class of preferred shares/units of beneficial interest. (Per share/unit) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Shares/Units: Common shares/Class A units held by Vornado: authorized 250,000,000 shares/units $ 0.53 $ 0.53 $ 1.59 $ 1.85 Convertible Preferred (1) : 6.5% Series A: authorized 12,902 and 13,402 shares/units (2) 0.8125 0.8125 2.4375 2.4375 Cumulative Redeemable Preferred (3) : 5.70% Series K: authorized 12,000,000 shares/units 0.3563 0.3563 1.0689 1.0689 5.40% Series L: authorized 13,800,000 shares/units 0.3375 0.3375 1.0125 1.0125 5.25% Series M: authorized 13,800,000 shares/units 0.3281 0.3281 0.9843 0.9843 5.25% Series N: authorized 12,000,000 shares/units (4) 0.3281 N/A 0.9843 N/A 4.45% Series O: authorized 12,000,000 shares/units (5) 0.0278 N/A 0.0278 N/A ____________________ (1) Dividends on preferred shares and distributions on preferred units are cumulative and are payable quarterly in arrears. (2) Redeemable at the option of Vornado under certain circumstances, at a redemption price of 1.9531 common shares/Class A units per Series A Preferred Share/Unit plus accrued and unpaid dividends/distributions through the date of redemption, or convertible at any time at the option of the holder for 1.9531 common shares/Class A units per Series A Preferred Share/Unit. (3) Series L preferred shares/units are redeemable at Vornado's option at a redemption price of $25.00 per share/unit, plus accrued and unpaid dividends/distributions through the date of redemption. Series M preferred shares/units are redeemable commencing December 2022, Series N preferred shares/units are redeemable commencing November 2025 and Series O preferred shares/units are redeemable commencing September 2026. Series K preferred shares/units were redeemed on October 13, 2021. (4) Issued in November 2020. (5) Issued in September 2021.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables set forth the changes in accumulated other comprehensive loss by component. (Amounts in thousands) For the three months ended September 30, 2021: Total Accumulated other comprehensive loss of nonconsolidated subsidiaries Interest Other Balance as of June 30, 2021 $ (51,437) $ (9,279) $ (45,905) $ 3,747 Other comprehensive income (loss) 6,258 1,322 5,360 (424) Balance as of September 30, 2021 $ (45,179) $ (7,957) $ (40,545) $ 3,323 For the three months ended September 30, 2020: Balance as of June 30, 2020 $ (82,646) $ 12 $ (81,525) $ (1,133) Other comprehensive (loss) income (7,188) (15,634) 7,926 520 Balance as of September 30, 2020 $ (89,834) $ (15,622) $ (73,599) $ (613) For the nine months ended September 30, 2021: Balance as of December 31, 2020 $ (75,099) $ (14,338) $ (66,098) $ 5,337 Other comprehensive income (loss) 29,920 6,381 25,553 (2,014) Balance as of September 30, 2021 $ (45,179) $ (7,957) $ (40,545) $ 3,323 For the nine months ended September 30, 2020: Balance as of December 31, 2019 $ (40,233) $ 4 $ (36,126) $ (4,111) Other comprehensive (loss) income (49,601) (15,626) (37,473) 3,498 Balance as of September 30, 2020 $ (89,834) $ (15,622) $ (73,599) $ (613)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value, schedule of assets and liabilities measures on recurring basis	The tables on the following page aggregate the fair values of these financial assets and liabilities by their levels in the fair value hierarchy. 14. Fair Value Measurements - continued Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued (Amounts in thousands) As of September 30, 2021 Total Level 1 Level 2 Level 3 Real estate fund investments $ 3,739 $ — $ — $ 3,739 Deferred compensation plan assets ($4,407 included in restricted cash and $103,454 in other assets) 107,861 61,292 — 46,569 Loans receivable ($45,610 included in investments in partially owned entities and $3,760 in other assets) 49,370 — — 49,370 Interest rate swaps and caps (included in other assets) 5,091 — 5,091 — Total assets $ 166,061 $ 61,292 $ 5,091 $ 99,678 Mandatorily redeemable instruments (included in other liabilities) $ 50,149 $ 50,149 $ — $ — Interest rate swaps (included in other liabilities) 45,392 — 45,392 — Total liabilities $ 95,541 $ 50,149 $ 45,392 $ — (Amounts in thousands) As of December 31, 2020 Total Level 1 Level 2 Level 3 Real estate fund investments $ 3,739 $ — $ — $ 3,739 Deferred compensation plan assets ($10,813 included in restricted cash and $94,751 in other assets) 105,564 65,636 — 39,928 Loans receivable ($43,008 included in investments in partially owned entities and $4,735 in other assets) 47,743 — — 47,743 Interest rate swaps and caps (included in other assets) 17 — 17 — Total assets $ 157,063 $ 65,636 $ 17 $ 91,410 Mandatorily redeemable instruments (included in other liabilities) $ 50,002 $ 50,002 $ — $ — Interest rate swaps (included in other liabilities) 66,033 — 66,033 — Total liabilities $ 116,035 $ 50,002 $ 66,033 $ —
Schedule of derivative assets at fair value	The following tables summarize our consolidated derivative instruments, all of which hedge variable rate debt, as of September 30, 2021 and December 31, 2020. (Amounts in thousands) As of September 30, 2021 Variable Rate Hedged Item Fair Value Notional Amount Spread over LIBOR Interest Rate Swapped Rate Expiration Date Included in other assets: 555 California Street mortgage loan interest rate swap (1) $ 3,159 $ 840,000 (2) L+193 2.02% 2.26% 5/24 PENN 11 mortgage loan interest rate swap (3) 1,850 500,000 L+275 2.83% 3.03% 3/24 Various interest rate caps 82 700,000 $ 5,091 $ 2,040,000 Included in other liabilities: Unsecured term loan interest rate swap $ 39,839 $ 750,000 (4) L+100 1.09% 3.87% 10/23 33-00 Northern Boulevard mortgage loan interest rate swap 5,553 100,000 L+180 1.89% 4.14% 1/25 $ 45,392 $ 850,000 ____________________ (1) Entered into on May 15, 2021. (2) Represents our 70.0% share of the $1.2 billion mortgage loan. (3) Entered into on March 7, 2021. (4) Remaining $50,000 balance of our unsecured term loan bears interest at a floating rate of LIBOR plus 1.00%. (Amounts in thousands) As of December 31, 2020 Variable Rate Hedged Item Fair Value Notional Amount Spread over LIBOR Interest Rate Swapped Rate Expiration Date Included in other assets: Various interest rate caps $ 17 $ 175,000 Included in other liabilities: Unsecured term loan interest rate swap $ 57,723 $ 750,000 (1) L+100 1.15% 3.87% 10/23 33-00 Northern Boulevard mortgage loan interest rate swap 8,310 100,000 L+180 1.95% 4.14% 1/25 $ 66,033 $ 850,000 ____________________ (1) Remaining $50,000 balance of our unsecured term loan bears interest at a floating rate of LIBOR plus 1.00%.
Schedule of derivative liabilities at fair value	The following tables summarize our consolidated derivative instruments, all of which hedge variable rate debt, as of September 30, 2021 and December 31, 2020. (Amounts in thousands) As of September 30, 2021 Variable Rate Hedged Item Fair Value Notional Amount Spread over LIBOR Interest Rate Swapped Rate Expiration Date Included in other assets: 555 California Street mortgage loan interest rate swap (1) $ 3,159 $ 840,000 (2) L+193 2.02% 2.26% 5/24 PENN 11 mortgage loan interest rate swap (3) 1,850 500,000 L+275 2.83% 3.03% 3/24 Various interest rate caps 82 700,000 $ 5,091 $ 2,040,000 Included in other liabilities: Unsecured term loan interest rate swap $ 39,839 $ 750,000 (4) L+100 1.09% 3.87% 10/23 33-00 Northern Boulevard mortgage loan interest rate swap 5,553 100,000 L+180 1.89% 4.14% 1/25 $ 45,392 $ 850,000 ____________________ (1) Entered into on May 15, 2021. (2) Represents our 70.0% share of the $1.2 billion mortgage loan. (3) Entered into on March 7, 2021. (4) Remaining $50,000 balance of our unsecured term loan bears interest at a floating rate of LIBOR plus 1.00%. (Amounts in thousands) As of December 31, 2020 Variable Rate Hedged Item Fair Value Notional Amount Spread over LIBOR Interest Rate Swapped Rate Expiration Date Included in other assets: Various interest rate caps $ 17 $ 175,000 Included in other liabilities: Unsecured term loan interest rate swap $ 57,723 $ 750,000 (1) L+100 1.15% 3.87% 10/23 33-00 Northern Boulevard mortgage loan interest rate swap 8,310 100,000 L+180 1.95% 4.14% 1/25 $ 66,033 $ 850,000 ____________________ (1) Remaining $50,000 balance of our unsecured term loan bears interest at a floating rate of LIBOR plus 1.00%.
Fair value measurements, nonrecurring	(Amounts in thousands) As of December 31, 2020 Total Level 1 Level 2 Level 3 Real estate assets $ 191,116 $ — $ — $ 191,116
Schedule of carrying amounts and fair values of financial instruments	The table below summarizes the carrying amounts and fair value of these financial instruments. (Amounts in thousands) As of September 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Cash equivalents $ 1,730,951 $ 1,731,000 $ 1,476,427 $ 1,476,000 Debt: Mortgages payable $ 6,104,615 $ 6,080,000 $ 5,608,458 $ 5,612,000 Senior unsecured notes 1,200,000 1,246,000 450,000 476,000 Unsecured term loan 800,000 800,000 800,000 800,000 Unsecured revolving credit facilities 575,000 575,000 575,000 575,000 Total $ 8,679,615 (1) $ 8,701,000 $ 7,433,458 (1) $ 7,463,000 ____________________ (1) Excludes $47,874 and $34,462 of deferred financing costs, net and other as of September 30, 2021 and December 31, 2020, respectively.
Real estate fund investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value inputs quantitative information	Significant unobservable quantitative inputs in the table below were utilized in determining the fair value of these real estate fund investments. Range Weighted Average Unobservable Quantitative Input September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 Discount rates 7.2% to 15.0% 7.6% to 15.0% 11.9% 12.7% Terminal capitalization rates 5.3% to 10.6% 5.5% to 10.3% 8.1% 7.9%
Summary of changes in level 3 plan assets	The table below summarizes the changes in the fair value of real estate fund investments that are classified as Level 3. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Beginning balance $ 3,739 $ 17,453 $ 3,739 $ 222,649 Purchases/additional fundings — 502 789 6,502 Net unrealized loss on held investments — (14,216) (789) (225,412) Ending balance $ 3,739 $ 3,739 $ 3,739 $ 3,739
Deferred Compensation Plan Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Schedule of changes in fair value of plan assets	The table below summarizes the changes in the fair value of deferred compensation plan assets that are classified as Level 3. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Beginning balance $ 44,855 $ 36,172 $ 39,928 $ 32,435 Purchases 2,154 666 5,167 7,615 Sales (1,547) — (2,236) (2,832) Realized and unrealized (losses) gains (69) 2,116 2,193 925 Other, net 1,176 (8) 1,517 803 Ending balance $ 46,569 $ 38,946 $ 46,569 $ 38,946
Loans Receivable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value inputs quantitative information	Significant unobservable quantitative inputs in the table below were utilized in determining the fair value of these loans receivable. Range Weighted Average Unobservable Quantitative Input September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 Discount rates 6.5% 6.5% 6.5% 6.5% Terminal capitalization rates 5.0% 5.0% 5.0% 5.0%
Summary of changes in level 3 plan assets	The table below summarizes the changes in fair value of loans receivable that are classified as Level 3. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Beginning balance $ 48,776 $ 46,675 $ 47,743 $ 59,251 Credit losses — — — (13,369) Interest accrual 894 834 2,602 1,627 Paydowns (300) — (975) — Ending balance $ 49,370 $ 47,509 $ 49,370 $ 47,509

(Impairment Losses, Transacti_2

(Impairment Losses, Transaction Related Costs and Other) Lease Liability Extinguishment Gain (Tables)	9 Months Ended
	Sep. 30, 2021
Transaction Related Costs, Impairment Losses and Other [Abstract]
Schedule of Impairment Losses and Transaction Related Costs, Net	The following table sets forth the details of (impairment losses, transaction related costs and other) lease liability extinguishment gain: (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Real estate impairment losses (see page 29 for details) $ (7,880) $ — $ (7,880) $ — Transaction related costs and other (1,801) (584) (2,750) (1,694) 608 Fifth Avenue lease liability extinguishment gain — — — 70,260 $ (9,681) $ (584) $ (10,630) $ 68,566

Interest and Other Investment_2

Interest and Other Investment Income (Loss), Net (Tables)	9 Months Ended
	Sep. 30, 2021
Interest and Other Income [Abstract]
Schedule Of Interest And Other Investment Income, Net	The following table sets forth the details of interest and other investment income (loss), net: (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Interest on loans receivable $ 561 $ 574 $ 1,679 $ 2,810 Interest on cash and cash equivalents and restricted cash 67 253 207 5,717 Credit losses on loans receivable — — — (13,369) Market-to-market decrease in the fair value of marketable security (sold on January 23, 2020) — — — (4,938) Other, net 5 902 1,808 2,712 Total $ 633 $ 1,729 $ 3,694 $ (7,068)

Interest and Debt Expense (Tabl

Interest and Debt Expense (Tables)	9 Months Ended
	Sep. 30, 2021
Interest and Debt Expense [Abstract]
Interest And Debt Expense	The following table sets forth the details of interest and debt expense: (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Interest expense $ 57,028 $ 61,793 $ 170,938 $ 191,973 Capitalized interest and debt expense (10,739) (9,328) (31,785) (30,829) Amortization of deferred financing costs 4,657 4,906 13,751 13,474 $ 50,946 $ 57,371 $ 152,904 $ 174,618

Income (Loss) Per Share_Incom_2

Income (Loss) Per Share/Income (Loss) Per Class A Unit (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings per share
Schedule Of Earnings Per Share Basic And Diluted	Vornado Realty Trust The following table presents the calculations of (i) basic income (loss) per common share which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares and (ii) diluted income (loss) per common share which includes the weighted average common shares and dilutive share equivalents. Unvested share-based payment awards that contain nonforfeitable rights to dividends, whether paid or unpaid, are accounted for as participating securities. Earnings are allocated to participating securities, which include restricted stock awards, based on the two-class method. Other potential dilutive share equivalents such as our employee stock options, restricted Operating Partnership units ("OP Units"), out-performance plan awards ("OPPs"), appreciation-only long term incentive plan units ("AO LTIP Units") and Performance Conditioned AO LTIP Units are included in the computation of diluted Earnings Per Share ("EPS") using the treasury stock method, while the dilutive effect of our Series A convertible preferred shares is reflected in diluted EPS by application of the if-converted method. (Amounts in thousands, except per share amounts) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Numerator: Net income (loss) attributable to Vornado $ 63,522 $ 65,700 $ 148,584 $ (102,026) Preferred share dividends (16,800) (12,530) (49,734) (37,591) Series K preferred share issuance costs (9,033) — (9,033) — Net income (loss) attributable to common shareholders 37,689 53,170 89,817 (139,617) Earnings allocated to unvested participating securities (8) (15) (26) (84) Numerator for basic and diluted income (loss) per share $ 37,681 $ 53,155 $ 89,791 $ (139,701) Denominator: Denominator for basic income (loss) per share – weighted average shares 191,577 191,162 191,508 191,102 Effect of dilutive securities (1) : Out-Performance Plan units 452 — 630 — AO LTIP units 8 — 10 — Employee stock options and restricted stock awards 4 — 3 — Denominator for diluted income (loss) per share – weighted average shares and assumed conversions 192,041 191,162 192,151 191,102 INCOME (LOSS) PER COMMON SHARE - BASIC: Net income (loss) per common share $ 0.20 $ 0.28 $ 0.47 $ (0.73) INCOME (LOSS) PER COMMON SHARE - DILUTED: Net income (loss) per common share $ 0.20 $ 0.28 $ 0.47 $ (0.73) ____________________ (1) The effect of dilutive securities excluded an aggregate of 13,876 and 14,159 weighted average common share equivalents for the three months ended September 30, 2021 and 2020, respectively, and 13,815 and 14,007 weighted average common share equivalents for the nine months ended September 30, 2021 and 2020, respectively, as their effect was anti-dilutive.
Vornado Realty L.P.
Earnings per share
Schedule Of Earnings Per Share Basic And Diluted	Vornado Realty L.P. The following table presents the calculations of (i) basic income (loss) per Class A unit which includes the weighted average number of Class A units outstanding without regard to dilutive potential Class A units and (ii) diluted income (loss) per Class A unit which includes the weighted average Class A units and dilutive Class A unit equivalents. Unvested share-based payment awards that contain non-forfeitable rights to dividends, whether paid or unpaid, are accounted for as participating securities. Earnings are allocated to participating securities, which include Vornado restricted stock awards, OP Units and OPPs, based on the two-class method. Other potential dilutive unit equivalents such as Vornado stock options, AO LTIP Units and Performance Conditioned AO LTIP Units are included in the computation of diluted income per unit ("EPU") using the treasury stock method, while the dilutive effect of our Series A convertible preferred units is reflected in diluted EPU by application of the if-converted method. (Amounts in thousands, except per unit amounts) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Numerator: Net income (loss) attributable to Vornado Realty L.P. $ 66,340 $ 69,584 $ 155,267 $ (112,116) Preferred unit distributions (16,842) (12,572) (49,858) (37,715) Series K preferred unit issuance costs (9,033) — (9,033) — Net income (loss) attributable to Class A unitholders 40,465 57,012 96,376 (149,831) Earnings allocated to unvested participating securities (649) (734) (2,034) (4,685) Numerator for basic and diluted income (loss) per Class A unit $ 39,816 $ 56,278 $ 94,342 $ (154,516) Denominator: Denominator for basic income (loss) per Class A unit – weighted average units 204,864 203,554 204,663 203,480 Effect of dilutive securities (1) : Vornado stock options, Vornado restricted stock awards, OP Units, AO LTIP Units and OPPs 839 — 953 — Denominator for diluted income (loss) per Class A unit – weighted average units and assumed conversions 205,703 203,554 205,616 203,480 INCOME (LOSS) PER CLASS A UNIT - BASIC: Net income (loss) per Class A unit $ 0.19 $ 0.28 $ 0.46 $ (0.76) INCOME (LOSS) PER CLASS A UNIT - DILUTED: Net income (loss) per Class A unit $ 0.19 $ 0.28 $ 0.46 $ (0.76) ____________________ (1) The effect of dilutive securities excluded an aggregate of 214 and 1,767 weighted average Class A unit equivalents for the three months ended September 30, 2021 and 2020, respectively, and 350 and 1,629 weighted average Class A unit equivalents for the nine months ended September 30, 2021 and 2020, respectively, as their effect was anti-dilutive.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Information	Below is a reconciliation of net income (loss) to NOI at share and NOI at share - cash basis for the three and nine months ended September 30, 2021 and 2020. (Amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Net income (loss) $ 71,765 $ 68,736 $ 175,590 $ (253,119) Depreciation and amortization expense 100,867 107,013 285,998 292,611 General and administrative expense 25,553 32,407 100,341 120,255 Impairment losses, transaction related costs and other (lease liability extinguishment gain) 9,681 584 10,630 (68,566) (Income) loss from partially owned entities (26,269) 80,909 (86,768) 353,679 Loss (income) from real estate fund investments 66 13,823 (5,107) 225,328 Interest and other investment (income) loss, net (633) (1,729) (3,694) 7,068 Interest and debt expense 50,946 57,371 152,904 174,618 Net gains on disposition of wholly owned and partially owned assets (10,087) (214,578) (35,811) (338,862) Income tax (benefit) expense (25,376) 23,781 (20,551) 38,431 NOI from partially owned entities 75,644 78,175 231,635 229,543 NOI attributable to noncontrolling interests in consolidated subsidiaries (16,886) (25,959) (50,221) (56,900) NOI at share 255,271 220,533 754,946 724,086 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other 1,922 10,981 1,570 48,247 NOI at share - cash basis $ 257,193 $ 231,514 $ 756,516 $ 772,333 Below is a summary of NOI at share and NOI at share - cash basis by segment for the three and nine months ended September 30, 2021 and 2020. (Amounts in thousands) For the Three Months Ended September 30, 2021 Total New York Other Total revenues $ 409,212 $ 316,643 $ 92,569 Operating expenses (212,699) (151,276) (61,423) NOI - consolidated 196,513 165,367 31,146 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (16,886) (9,747) (7,139) Add: NOI from partially owned entities 75,644 73,219 2,425 NOI at share 255,271 228,839 26,432 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other 1,922 783 1,139 NOI at share - cash basis $ 257,193 $ 229,622 $ 27,571 (Amounts in thousands) For the Three Months Ended September 30, 2020 Total New York Other Total revenues $ 363,962 $ 293,145 $ 70,817 Operating expenses (195,645) (161,386) (34,259) NOI - consolidated 168,317 131,759 36,558 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (25,959) (17,776) (8,183) Add: NOI from partially owned entities 78,175 75,837 2,338 NOI at share 220,533 189,820 30,713 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other 10,981 6,261 4,720 NOI at share - cash basis $ 231,514 $ 196,081 $ 35,433 21. Segment Information - continued (Amounts in thousands) For the Nine Months Ended September 30, 2021 Total New York Other Total revenues $ 1,168,130 $ 921,758 $ 246,372 Operating expenses (594,598) (468,294) (126,304) NOI - consolidated 573,532 453,464 120,068 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (50,221) (26,841) (23,380) Add: NOI from partially owned entities 231,635 224,392 7,243 NOI at share 754,946 651,015 103,931 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other 1,570 351 1,219 NOI at share - cash basis $ 756,516 $ 651,366 $ 105,150 (Amounts in thousands) For the Nine Months Ended September 30, 2020 Total New York Other Total revenues $ 1,151,520 $ 919,388 $ 232,132 Operating expenses (600,077) (484,624) (115,453) NOI - consolidated 551,443 434,764 116,679 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (56,900) (34,713) (22,187) Add: NOI from partially owned entities 229,543 221,296 8,247 NOI at share 724,086 621,347 102,739 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other 48,247 40,310 7,937 NOI at share - cash basis $ 772,333 $ 661,657 $ 110,676

Organization (Narrative) (Detai

Organization (Narrative) (Details)	9 Months Ended
	Sep. 30, 2021
Operating Partnership
Organization [Line Items]
Common limited partnership interest in the Operating Partnership (percent)	92.60%

Revenue Recognition (Revenues b

Revenue Recognition (Revenues by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Lease income	$ 357,840	$ 312,748	$ 1,020,842	$ 1,012,282
Total revenues	409,212	363,962	1,168,130	1,151,520
Write-off of lease receivables deemed uncollectible			7,219	60,766
New York
Disaggregation of Revenue [Line Items]
Total revenues	316,643	293,145	921,758	919,388
Other
Disaggregation of Revenue [Line Items]
Total revenues	92,569	70,817	246,372	232,132
Rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	369,203	322,253	1,048,116	1,038,721
Rental revenues | New York
Disaggregation of Revenue [Line Items]
Total revenues	280,762	254,917	814,343	815,299
Rental revenues | Other
Disaggregation of Revenue [Line Items]
Total revenues	88,441	67,336	233,773	223,422
Lease revenues
Disaggregation of Revenue [Line Items]
Lease income	357,840	312,748	1,020,842	1,012,282
Lease revenues | New York
Disaggregation of Revenue [Line Items]
Lease income	273,197	248,328	795,841	796,989
Lease revenues | Other
Disaggregation of Revenue [Line Items]
Lease income	84,643	64,420	225,001	215,293
Property rentals
Disaggregation of Revenue [Line Items]
Lease income	345,235	312,748	1,008,237	992,238
Write-off of lease receivables deemed uncollectible		22,135		60,766
Property rentals | New York
Disaggregation of Revenue [Line Items]
Lease income	273,197	248,328	795,841	788,248
Property rentals | Other
Disaggregation of Revenue [Line Items]
Lease income	72,038	64,420	212,396	203,990
Hotel Pennsylvania
Disaggregation of Revenue [Line Items]
Lease income			0	8,741
Hotel Pennsylvania | New York
Disaggregation of Revenue [Line Items]
Lease income			0	8,741
Hotel Pennsylvania | Other
Disaggregation of Revenue [Line Items]
Lease income			0	0
Trade shows
Disaggregation of Revenue [Line Items]
Lease income	12,605	0	12,605	11,303
Trade shows | New York
Disaggregation of Revenue [Line Items]
Lease income	0	0	0	0
Trade shows | Other
Disaggregation of Revenue [Line Items]
Lease income	12,605	0	12,605	11,303
Tenant services
Disaggregation of Revenue [Line Items]
Revenue	11,363	9,505	27,274	26,439
Tenant services | New York
Disaggregation of Revenue [Line Items]
Revenue	7,565	6,589	18,502	18,310
Tenant services | Other
Disaggregation of Revenue [Line Items]
Revenue	3,798	2,916	8,772	8,129
Fee and other income
Disaggregation of Revenue [Line Items]
Revenue	40,009	41,709	120,014	112,799
Total revenues	40,009	41,709	120,014	112,799
Fee and other income | New York
Disaggregation of Revenue [Line Items]
Revenue	35,881	38,228	107,415	104,089
Fee and other income | Other
Disaggregation of Revenue [Line Items]
Revenue	4,128	3,481	12,599	8,710
BMS cleaning fees
Disaggregation of Revenue [Line Items]
Revenue	30,827	24,054	87,387	77,635
BMS cleaning fees | New York
Disaggregation of Revenue [Line Items]
Revenue	32,630	25,592	92,178	82,426
BMS cleaning fees | Other
Disaggregation of Revenue [Line Items]
Revenue	(1,803)	(1,538)	(4,791)	(4,791)
Management and leasing fees
Disaggregation of Revenue [Line Items]
Revenue	2,509	11,649	10,951	16,353
Management and leasing fees | New York
Disaggregation of Revenue [Line Items]
Revenue	2,680	11,732	11,290	16,307
Management and leasing fees | Other
Disaggregation of Revenue [Line Items]
Revenue	(171)	(83)	(339)	46
Other income
Disaggregation of Revenue [Line Items]
Revenue	6,673	6,006	21,676	18,811
Other income | New York
Disaggregation of Revenue [Line Items]
Revenue	571	904	3,947	5,356
Other income | Other
Disaggregation of Revenue [Line Items]
Revenue	$ 6,102	$ 5,102	$ 17,729	$ 13,455

Revenue Recognition (Components

Revenue Recognition (Components of Lease Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Fixed billings	$ 329,499	$ 307,013	$ 945,322	$ 983,669
Variable billings	29,008	29,574	90,780	100,057
Total contractual operating lease billings	358,507	336,587	1,036,102	1,083,726
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	1,313	(1,704)	(8,041)	(10,678)
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	(1,980)	(22,135)	(7,219)	(60,766)
Lease revenues	$ 357,840	$ 312,748	$ 1,020,842	$ 1,012,282

Real Estate Fund Investments (N

Real Estate Fund Investments (Narrative) (Details) $ in Thousands	Sep. 30, 2021USD ($)investment	Dec. 31, 2020USD ($)investment	Sep. 30, 2021USD ($)investment	Apr. 12, 2021USD ($)	Jun. 09, 2020USD ($)
Investment Holdings
Aggregate fair value of Real Estate Fund investments (in US Dollars)	$ 3,739	$ 3,739	$ 3,739
Vornado Capital Partners Real Estate Fund
Investment Holdings
Equity method ownership percentage	25.00%		25.00%
Term of the Fund, years			8 years
Investment period for commitments of the Fund, years			3 years
Investment fund period expiration date			2013-07
Investment fund, extension of term			2023-02
Crowne Plaza Times Square Hotel Joint Venture
Investment Holdings
Default amount					$ 274,355
Debt instrument, interest rate, stated percentage (percent)	3.77%		3.77%
Debt instrument, default interest, percentage	3.00%		3.00%
Crowne Plaza Times Square Hotel Joint Venture | LIBOR
Investment Holdings
Spread over LIBOR (percent)			3.69%
Crowne Plaza Times Square Hotel Joint Venture | Joint Venture
Investment Holdings
Equity method ownership percentage	57.10%		57.10%
Crowne Plaza Times Square Hotel Joint Venture | Joint Venture | Crowne Plaza Time Square Hotel
Investment Holdings
Ownership percentage by noncontrolling owners	24.70%		24.70%
1100 Lincoln Road
Investment Holdings
Default amount				$ 82,750
Debt instrument, interest rate, stated percentage (percent)	4.65%		4.65%
Debt instrument, default interest, percentage	3.00%		3.00%
1100 Lincoln Road | Prime Rate
Investment Holdings
Spread over LIBOR (percent)			1.40%
Real estate fund investments
Investment Holdings
Number of investments held by fund (investment) | investment	4	4	4
Aggregate fair value of Real Estate Fund investments (in US Dollars)	$ 3,739	$ 3,739	$ 3,739
Fair value below cost	339,812		339,812
Unfunded commitments of fund	29,194		29,194
Real estate fund investments | Vornado Realty Trust
Investment Holdings
Unfunded commitments of fund	$ 9,266		$ 9,266

Real Estate Fund Investments (I

Real Estate Fund Investments (Income from the Fund and the Co-Investment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Investment Holdings
(Loss) income from real estate fund investments	$ (66)	$ (13,823)	$ 5,107	$ (225,328)
Less loss (income) attributable to noncontrolling interests in consolidated subsidiaries	(5,425)	848	(20,323)	141,003
Real estate fund investments
Investment Holdings
Net investment (loss) income	(66)	393	5,896	84
Net unrealized loss on held investments	0	(14,216)	(789)	(225,412)
(Loss) income from real estate fund investments	(66)	(13,823)	5,107	(225,328)
Less loss (income) attributable to noncontrolling interests in consolidated subsidiaries	360	11,299	(2,914)	160,557
Income (loss) from real estate fund investments net of noncontrolling interests in consolidated subsidiaries	$ 294	$ (2,524)	$ 2,193	$ (64,771)

Investments in Partially Owne_3

Investments in Partially Owned Entities (Fifth Avenue and Times Square JV) (Details) - Fifth Avenue and Times Square JV $ in Thousands	Sep. 30, 2021USD ($)
Schedule Of Equity Method Investments
Equity method ownership percentage	51.50%
Real estate basis difference, carrying amount	$ 390,806
Joint Venture
Schedule Of Equity Method Investments
Aggregate of preferred equity interests	$ 1,828,000
Joint Venture | Investors
Schedule Of Equity Method Investments
Equity method ownership percentage	48.50%
Equity method effective ownership percentage	47.20%
Joint Venture | Percentage For First Five Years
Schedule Of Equity Method Investments
Debt instrument, interest rate, stated percentage (percent)	4.25%
Joint Venture | Percentage After Fifth Anniversary
Schedule Of Equity Method Investments
Debt instrument, interest rate, stated percentage (percent)	4.75%
Vornado Realty Trust
Schedule Of Equity Method Investments
Equity method ownership percentage	51.50%
Equity method effective ownership percentage	51.00%

Investments in Partially Owne_4

Investments in Partially Owned Entities (Alexander's Inc.) (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 04, 2021	Jun. 04, 2021	Dec. 31, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule Of Equity Method Investments
Proceeds from sales of real estate						$ 100,024	$ 0
Repayments of long-term debt						$ 1,578,843	514,493
Alexanders Inc
Schedule Of Equity Method Investments
Ownership common shares, investee (in shares)				1,654,068		1,654,068
Equity method ownership percentage				32.40%		32.40%
Proceeds from sale of land held-for-investment		$ 10,000
Net gain on sale of real estate		2,956		$ 0	$ 0	$ 2,956	$ 0
Proceeds from commissions received		$ 300
Closing share price (in dollars per share)				$ 260.62		$ 260.62
Equity method investment fair value				$ 431,083		$ 431,083
Excess of investee's fair value over carrying amount				350,606		350,606
Excess of investee's carrying amount over equity in net assets				$ 38,287		$ 38,287
Alexanders Inc | Subsequent Event | Forecast
Schedule Of Equity Method Investments
Proceeds from commissions received			$ 750
Alexanders Inc | Subsequent Event | IKEA | Tenant Occupant | Paramus Property
Schedule Of Equity Method Investments
Proceeds from sales of real estate	$ 75,000
Repayments of long-term debt	$ 68,000
Alexanders Inc | Subsequent Event | IKEA | Tenant Occupant | Paramus Property | Forecast
Schedule Of Equity Method Investments
Net gain on sale of real estate			$ 11,600

Investments in Partially Owne_5

Investments in Partially Owned Entities (Summary of Investments) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Schedule Of Equity Method Investments
Carrying amount of investments in partially owned entities	$ 3,287,870	$ 3,491,107
Other liabilities
Schedule Of Equity Method Investments
Carrying amount of investments in partially owned entities	$ (75,833)	(68,420)
7 West 34th Street
Schedule Of Equity Method Investments
Equity method ownership percentage	53.00%
7 West 34th Street | Other liabilities
Schedule Of Equity Method Investments
Carrying amount of investments in partially owned entities	$ (58,927)	(55,340)
85 Tenth Avenue
Schedule Of Equity Method Investments
Equity method ownership percentage	49.90%
85 Tenth Avenue | Other liabilities
Schedule Of Equity Method Investments
Carrying amount of investments in partially owned entities	$ (16,906)	(13,080)
Fifth Avenue and Times Square JV
Schedule Of Equity Method Investments
Equity method ownership percentage	51.50%
Carrying amount of investments in partially owned entities	$ 2,771,904	2,798,413
Partially owned office buildings/land
Schedule Of Equity Method Investments
Carrying amount of investments in partially owned entities	$ 305,059	473,285
Alexanders Inc
Schedule Of Equity Method Investments
Equity method ownership percentage	32.40%
Carrying amount of investments in partially owned entities	$ 80,477	82,902
Other investments
Schedule Of Equity Method Investments
Carrying amount of investments in partially owned entities	$ 130,430	$ 136,507

Investments in Partially Owne_6

Investments in Partially Owned Entities (Summary of Income (Loss)) (Details) - USD ($) $ in Thousands	Jun. 04, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule Of Equity Method Investments
Non-cash impairment loss		$ (7,880)	$ 0	$ (7,880)	$ 0
Our share of net income (loss)		$ 26,269	(80,909)	$ 86,768	(353,679)
Fifth Avenue and Times Square JV
Schedule Of Equity Method Investments
Equity method ownership percentage		51.50%		51.50%
Equity in net income (loss)		$ 12,671	7,694	$ 32,314	13,631
Return on preferred equity, net of our share of the expense		9,430	9,430	27,985	27,926
Non-cash impairment loss		0	(107,023)	0	(413,349)
Our share of net income (loss)		22,101	(89,899)	60,299	(371,792)
Decrease in depreciation and amortization expense		$ 3,177		$ 14,282
Write off of rent receivable					2,997
Alexanders Inc
Schedule Of Equity Method Investments
Equity method ownership percentage		32.40%		32.40%
Equity in net income (loss)		$ 3,710	2,075	$ 14,808	7,420
Net gain (loss) on sale of real estate	$ 2,956	0	0	2,956	0
Management, leasing and development fees		1,085	1,296	3,622	3,778
Our share of net income (loss)		4,795	3,371	21,386	11,198
Write off of rent receivable			3,139		4,846
Partially owned office buildings/land
Schedule Of Equity Method Investments
Our share of net income (loss)		1,291	6,418	11,021	8,550
Other investments
Schedule Of Equity Method Investments
Our share of net income (loss)		$ (1,918)	$ (799)	$ (5,938)	$ (1,635)

220 Central Park South (220 C_2

220 Central Park South (220 CPS) (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended		36 Months Ended
	Sep. 30, 2021USD ($)unit	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)unit	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)unit
Real Estate [Line Items]
Income tax benefit (expense)	$ 25,376	$ (23,781)	$ 20,551	$ (38,431)
220 Central Park South
Real Estate [Line Items]
Number of condominium units sold (unit) | unit	1		4		104
Cash proceeds from the sale of real estate	$ 25,467		$ 97,683		$ 2,967,175
Net gain on sale of real estate	10,087		35,359		$ 1,102,296
Income tax benefit (expense)	(1,272)		(4,336)
Taxable Reit Subsidiaries
Real Estate [Line Items]
Income tax benefit (expense)	$ 27,910		$ 27,910

Acquisitions and Dispositions_2

Acquisitions and Dispositions (Narrative) (Details) ft² in Thousands, $ in Thousands	Sep. 24, 2021USD ($)property	Aug. 05, 2021USD ($)ft²	Feb. 26, 2021USD ($)extension	Mar. 31, 2022USD ($)property	Sep. 30, 2021USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)
Acquisitions and Dispositions [Line Items]
Proceeds from borrowings						$ 2,298,007	$ 555,918
One Park Avenue
Acquisitions and Dispositions [Line Items]
Business combination, step acquisition, equity interest in acquiree, including subsequent acquisition, percentage		100.00%
Business combination, step acquisition, additional equity interest acquired, percentage		45.00%
Business combination, step acquisition, equity interest in acquiree, fair value		$ 875,000
Payments to acquire businesses		$ 158,000
SoHo Properties
Acquisitions and Dispositions [Line Items]
Disposal group, including discontinued operation, assets					$ 79,421	79,421
SoHo Properties | Forecast
Acquisitions and Dispositions [Line Items]
Number of properties sold | property				2
Proceeds from sale of land held-for-investment				$ 84,500
Net gain (loss) on sale of real estate				$ 1,500
677-679, 659-771 and 828-850 Madison Avenue
Acquisitions and Dispositions [Line Items]
Number of properties sold | property	3
Proceeds from sale of land held-for-investment	$ 100,000
Proceeds from sale of land held-for-investment, net	$ 96,503
Impairment losses, transaction related costs and other (lease liability extinguishment gain)					$ 7,880	$ 7,880
Office | One Park Avenue
Acquisitions and Dispositions [Line Items]
Square footage of real estate property (in sqft) | ft²		943
Office | Maturing in March 2023 | One Park Avenue
Acquisitions and Dispositions [Line Items]
Debt instrument, amount		$ 525,000
Office | One Park Avenue | Maturing in March 2023
Acquisitions and Dispositions [Line Items]
Debt instrument, amount			$ 525,000
Debt instrument, interest rate, stated percentage (percent)					1.19%	1.19%
Number of extensions | extension			3
Length of extension available (years)			1 year
Proceeds from borrowings			$ 105,000
Office | One Park Avenue | Maturing in March 2023 | LIBOR
Acquisitions and Dispositions [Line Items]
Spread over LIBOR (percent)			1.11%
Office | One Park Avenue | Matures in March 2021
Acquisitions and Dispositions [Line Items]
Debt instrument, amount			$ 300,000
Office | One Park Avenue | Matures in March 2021 | LIBOR
Acquisitions and Dispositions [Line Items]
Spread over LIBOR (percent)			1.75%

Acquisitions and Dispositions_3

Acquisitions and Dispositions (Schedule of Business Acquisition) (Details) - One Park Avenue $ in Thousands	Aug. 05, 2021USD ($)
Assets:
Land	$ 197,057
Building and improvements	368,956
Identified intangible assets	139,545
Assets consolidated	705,558
Liabilities:
Mortgages payable	525,000
Deferred revenue	18,884
Liabilities consolidated	543,884
Net assets consolidated (excluding working capital)	$ 161,674

Identified Intangible Assets _3

Identified Intangible Assets and Liabilities (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Below Market Leases Net Of Above Market Leases
Finite-Lived Intangible Assets and Liabilities
Amortization of intangible assets	$ 2,222	$ 3,648	$ 7,939	$ 13,054
Other Identified Intangible Assets
Finite-Lived Intangible Assets and Liabilities
Amortization of intangible assets	$ 2,066	$ 1,838	$ 4,377	$ 4,919

Identified Intangible Assets _4

Identified Intangible Assets and Liabilities (Schedule of Identified Intangible Assets and Intangible Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross amount	$ 252,081	$ 116,969
Accumulated amortization	(93,643)	(93,113)
Total, net	158,438	23,856
Identified intangible liabilities (included in deferred revenue):
Gross amount	256,065	273,902
Accumulated amortization	(210,346)	(238,541)
Total, net	$ 45,719	$ 35,361

Identified Intangible Assets _5

Identified Intangible Assets and Liabilities (Schedule of Future Amortization Expense of Intangible Assets) (Details) $ in Thousands	Sep. 30, 2021USD ($)
Below Market Leases Net Of Above Market Leases
Finite-Lived Intangible Assets and Liabilities
2022	$ 7,821
2023	5,306
2024	1,498
2025	285
2026	(357)
Other Identified Intangible Assets
Finite-Lived Intangible Assets and Liabilities
2022	9,805
2023	8,743
2024	7,906
2025	6,330
2026	$ 6,136

Debt (Narrative) (Details)

Debt (Narrative) (Details) $ in Thousands, ft² in Millions

Sep. 30, 2021USD ($)

May 28, 2021USD ($)ft²

May 10, 2021USD ($)ft²buildingextension

Apr. 16, 2021

Apr. 15, 2021USD ($)

Apr. 14, 2021

Mar. 06, 2021

May 24, 2021USD ($)

May 09, 2021USD ($)

Mar. 26, 2021USD ($)ft²

Mar. 25, 2021USD ($)

Mar. 07, 2021USD ($)

Dec. 31, 2020USD ($)

Debt Instrument

Unsecured revolving credit facilities

$ 575,000

$ 575,000

Matures in March 2024 | Revolving Credit Facility

Debt Instrument

Unsecured revolving credit facilities

$ 1,500,000

Facility fee (percent)

0.20%

Matures in March 2024 | LIBOR | Revolving Credit Facility

Debt Instrument

Debt instrument, interest rate, stated percentage (percent)

0.90%

Matures in April 2026 | Revolving Credit Facility

Debt Instrument

Unsecured revolving credit facilities

$ 1,250,000

Facility fee (percent)

0.20%

Matures in April 2026 | LIBOR | Revolving Credit Facility

Debt Instrument

Spread over LIBOR (percent)

0.89%

0.90%

1.00%

Debt instrument, basis spread on variable rate, adjustment

0.01%

Matures in June 2026 | Unsecured Term Loan

Debt Instrument

Debt instrument, amount

$ 400,000

Debt instrument, interest rate, stated percentage (percent)

2.15%

Face amount, percent

99.86%

Interest rate, effective percentage

2.18%

Matures in June 2031 | Unsecured Term Loan

Debt Instrument

Debt instrument, amount

$ 350,000

Debt instrument, interest rate, stated percentage (percent)

3.40%

Face amount, percent

99.59%

Interest rate, effective percentage

3.45%

PENN 11 | Matures in March 2024

Debt Instrument

Debt instrument, amount

$ 500,000

Debt instrument, interest rate, stated percentage (percent)

3.03%

PENN 11 | Matures in March 2024 | LIBOR

Debt Instrument

Spread over LIBOR (percent)

2.83%

2.75%

909 Third Avenue | Matures in April 2031

Debt Instrument

Debt instrument, amount

$ 350,000

909 Third Avenue | Matures in April 2031 | Office

Debt Instrument

Debt instrument, interest rate, stated percentage (percent)

3.23%

Square footage of real estate property (in sqft) | ft²

1.4

909 Third Avenue | Matures in May 2021 | Office

Debt Instrument

Debt instrument, amount

$ 350,000

Debt instrument, interest rate, stated percentage (percent)

3.91%

555 California Street | Matures in May 2028 | Office

Debt Instrument

Debt instrument, amount

$ 1,200,000

Square footage of real estate property (in sqft) | ft²

1.8

Number of buildings (building) | building

3

Equity method ownership percentage

70.00%

Number of extensions | extension

5

Length of extension available (years)

1 year

555 California Street | Matures in May 2028 | Office | Vornado Realty Trust

Debt Instrument

Debt instrument, amount

$ 840,000

Debt instrument, interest rate, stated percentage (percent)

2.26%

555 California Street | Matures in May 2028 | Office | LIBOR

Debt Instrument

Spread over LIBOR (percent)

2.02%

555 California Street | Matures in May 2028 | Office | London Interbank Offered Rate (LIBOR) Years 1-5

Debt Instrument

Spread over LIBOR (percent)

1.93%

555 California Street | Matures in May 2028 | Office | London Interbank Offered Rate (LIBOR) Year 6

Debt Instrument

Spread over LIBOR (percent)

2.18%

555 California Street | Matures in May 2028 | Office | London Interbank Offered Rate (LIBOR) Year 7

Debt Instrument

Spread over LIBOR (percent)

2.43%

555 California Street | Matures in September 2021 | Office

Debt Instrument

Debt instrument, amount

$ 533,000

Debt instrument, interest rate, stated percentage (percent)

5.10%

theMART | Matures in September 2021 | Retail

Debt Instrument

Debt instrument, interest rate, stated percentage (percent)

2.70%

Square footage of real estate property (in sqft) | ft²

3.7

Repayment of debt

$ 675,000

Debt (Summary of Debt) (Details

Debt (Summary of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument
Deferred financing costs, net and other	$ (47,874)	$ (34,462)
Long term debt	$ 2,562,229	1,818,447
Mortgages
Debt Instrument
Interest rate, end of period (percent)	2.40%
Long-term debt, gross	$ 6,104,615	5,608,458
Deferred financing costs, net and other	(35,103)	(27,909)
Long term debt	$ 6,069,512	5,580,549
Mortgages | Fixed Rate
Debt Instrument
Interest rate, end of period (percent)	3.09%
Long-term debt, gross	$ 3,140,000	3,012,643
Mortgages | Variable Rate
Debt Instrument
Interest rate, end of period (percent)	1.68%
Long-term debt, gross	$ 2,964,615	2,595,815
Senior Unsecured Notes
Debt Instrument
Interest rate, end of period (percent)	3.02%
Long-term debt, gross	$ 1,200,000	450,000
Deferred financing costs, net and other	(10,320)	(3,315)
Long term debt	$ 1,189,680	446,685
Unsecured term loan
Debt Instrument
Interest rate, end of period (percent)	3.70%
Long-term debt, gross	$ 800,000	800,000
Deferred financing costs, net and other	(2,451)	(3,238)
Long term debt	$ 797,549	796,762
Unsecured Revolving Credit Facilities
Debt Instrument
Interest rate, end of period (percent)	0.99%
Long term debt	$ 575,000	$ 575,000

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interests (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Farley Office and Retail | Joint Venture
Redeemable Noncontrolling Interest
Equity method ownership percentage	95.00%
Capital contributions		$ 92,400
Cumulative Redeemable Preferred Unit
Redeemable Noncontrolling Interest
Fair value of Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units	$ 50,149	50,002
Partnership Interest
Redeemable Noncontrolling Interest
Redemption value of redeemable Class A units	$ 591,114	$ 507,212

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interests (Activity of Redeemable Noncontrolling Interests) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Redeemable Noncontrolling Interests Rollforward
Beginning balance			$ 606,267
Net income (loss)	$ 2,818	$ 3,884	6,683	$ (10,090)
Other comprehensive income (loss)	426	(520)	2,016	(3,498)
Ending balance	690,688		690,688
Partnership Interest
Redeemable Noncontrolling Interests Rollforward
Beginning balance	654,771	624,804	511,747	888,915
Net income (loss)	2,818	3,884	6,683	(10,090)
Other comprehensive income (loss)	426	(520)	2,016	(3,498)
Distributions	(7,553)	(7,332)	(22,422)	(25,330)
Other, net	13,036	5,776	30,835	27,958
Ending balance	594,649	599,469	594,649	599,469
Partnership Interest | Class A Unit
Redeemable Noncontrolling Interests Rollforward
Redemption of Class A units for Vornado common shares, at redemption value	(4,749)	(3,586)	(13,058)	(6,050)
Redeemable Class A unit measurement adjustment	(64,100)	(23,557)	78,848	(272,436)
Subsidiary
Redeemable Noncontrolling Interests Rollforward
Beginning balance	94,913	94,112	94,520	0
Net income (loss)	1,126	171	1,519	307
Other, net	0	(1)	0	1,575
Ending balance	96,039	94,282	96,039	94,282
Contributions	$ 0	$ 0	$ 0	$ 92,400

Shareholders' Equity_Partners_3

Shareholders' Equity/Partners' Capital (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 13, 2021	Sep. 22, 2021	Sep. 13, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Class of Stock [Line Items]
Series K preferred share issuance costs				$ 9,033	$ 0	$ 9,033	$ 0
4.45% Series O
Class of Stock [Line Items]
Sale of stock, number of shares issued in transaction (shares)		12,000,000
Preferred stock, dividend rate, percentage (percent)		4.45%
Sale of stock, consideration received on transaction		$ 291,195
4.45% Series O | Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate, percentage (percent)				4.45%		4.45%
Redemption period		5 years
Preferred stock, redemption price per share (in common shares/Class A units per share/unit)				$ 25		$ 25
5.70% Series K
Class of Stock [Line Items]
Series K cumulative redeemable preferred shares called for redemption				$ 300,000		$ 300,000
5.70% Series K | Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate, percentage (percent)		5.70%	5.70%	5.70%	5.70%	5.70%	5.70%
5.70% Series K | Redeemable Preferred Stock | Subsequent Event
Class of Stock [Line Items]
Preferred stock, redemption price per share (in common shares/Class A units per share/unit)	$ 25
Series K cumulative redeemable preferred shares called for redemption	$ 300,000
Series K preferred share issuance costs	$ 9,033

Shareholders' Equity_Partners_4

Shareholders' Equity/Partners' Capital (Schedule of Dividends) (Details) - $ / shares	Sep. 22, 2021	Sep. 13, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Class of Stock [Line Items]
Common shares, dividends (in dollars per share)			$ 0.53	$ 0.53	$ 1.59	$ 1.85
Common shares of beneficial interest: authorized shares (shares)			250,000,000		250,000,000		250,000,000
Preferred shares of beneficial interest: authorized shares (shares)			110,000,000		110,000,000		110,000,000
Common Class A
Class of Stock [Line Items]
Common shares, dividends (in dollars per share)			$ 0.53	$ 0.53	$ 1.59	$ 1.85
Common shares of beneficial interest: authorized shares (shares)			250,000,000	250,000,000	250,000,000	250,000,000
Series A Preferred Stock | Convertible Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)			$ 0.8125	$ 0.8125	$ 2.4375	$ 2.4375
Preferred stock, dividend rate, percentage (percent)			6.50%	6.50%	6.50%	6.50%
Preferred shares of beneficial interest: authorized shares (shares)			12,902	13,402	12,902	13,402
Preferred stock, redemption price per share (in common shares/Class A units per share/unit)			$ 1.9531	$ 1.9531	$ 1.9531	$ 1.9531
Series A Preferred Stock | Convertible Preferred Stock | Class A Unit
Class of Stock [Line Items]
Preferred stock, redemption price per share (in common shares/Class A units per share/unit)			1.9531	1.9531	1.9531	1.9531
Series K Preferred Stock | Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)			$ 0.3563	$ 0.3563	$ 1.0689	$ 1.0689
Preferred stock, dividend rate, percentage (percent)	5.70%	5.70%	5.70%	5.70%	5.70%	5.70%
Preferred shares of beneficial interest: authorized shares (shares)			12,000,000	12,000,000	12,000,000	12,000,000
Preferred stock, liquidation preference per share (in dollars per share/unit)			$ 25		$ 25
Series L Preferred Stock | Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)			$ 0.3375	$ 0.3375	$ 1.0125	$ 1.0125
Preferred stock, dividend rate, percentage (percent)			5.40%	5.40%	5.40%	5.40%
Preferred shares of beneficial interest: authorized shares (shares)			13,800,000	13,800,000	13,800,000	13,800,000
Preferred stock, liquidation preference per share (in dollars per share/unit)				$ 25		$ 25
Series M Preferred Stock | Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)			$ 0.3281	$ 0.3281	$ 0.9843	$ 0.9843
Preferred stock, dividend rate, percentage (percent)			5.25%	5.25%	5.25%	5.25%
Preferred shares of beneficial interest: authorized shares (shares)			13,800,000	13,800,000	13,800,000	13,800,000
Series N Preferred Stock | Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)			$ 0.3281		$ 0.9843
Preferred stock, dividend rate, percentage (percent)			5.25%		5.25%
Preferred shares of beneficial interest: authorized shares (shares)			12,000,000		12,000,000		12,000,000
Series O Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate, percentage (percent)	4.45%
Series O Preferred Stock | Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)			$ 0.0278		$ 0.0278
Preferred stock, dividend rate, percentage (percent)			4.45%		4.45%
Preferred shares of beneficial interest: authorized shares (shares)			12,000,000		12,000,000		12,000,000
Preferred stock, redemption price per share (in common shares/Class A units per share/unit)			$ 25		$ 25

Shareholders' Equity_Partners_5

Shareholders' Equity/Partners' Capital (AOCI by Component) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance, value	$ 6,568,317	$ 6,928,909	$ 6,948,155	$ 7,310,978
Ending balance, value	6,579,825	6,885,685	6,579,825	6,885,685
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance, value	(51,437)	(82,646)	(75,099)	(40,233)
Other comprehensive income (loss)	6,258	(7,188)	29,920	(49,601)
Ending balance, value	(45,179)	(89,834)	(45,179)	(89,834)
Accumulated other comprehensive loss of nonconsolidated subsidiaries
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance, value	(9,279)	12	(14,338)	4
Other comprehensive income (loss)	1,322	(15,634)	6,381	(15,626)
Ending balance, value	(7,957)	(15,622)	(7,957)	(15,622)
Interest rate swaps
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance, value	(45,905)	(81,525)	(66,098)	(36,126)
Other comprehensive income (loss)	5,360	7,926	25,553	(37,473)
Ending balance, value	(40,545)	(73,599)	(40,545)	(73,599)
Other
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance, value	3,747	(1,133)	5,337	(4,111)
Other comprehensive income (loss)	(424)	520	(2,014)	3,498
Ending balance, value	$ 3,323	$ (613)	$ 3,323	$ (613)

Variable Interest Entities (V_2

Variable Interest Entities (VIEs) (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Variable Interest Entities
Assets	$ 17,488,800	$ 16,221,822
Liabilities	10,218,287	8,667,400
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entities
Assets	71,085	224,754
Variable Interest Entity, Primary Beneficiary
Variable Interest Entities
Assets	4,409,171	4,053,841
Liabilities	$ 2,369,114	$ 1,722,719

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) $ in Thousands	Sep. 30, 2021USD ($)investment	Dec. 31, 2020USD ($)investment	Sep. 30, 2021USD ($)investment
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Real estate fund investments	$ 3,739	$ 3,739	$ 3,739
Real estate fund investments
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Number of investments held by fund (investment) | investment	4	4	4
Real estate fund investments	$ 3,739	$ 3,739	$ 3,739
Excess of fair value below cost	339,812		339,812
Level 3 | Real estate fund investments
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Excess of fair value below cost	$ 339,812		$ 339,812
Capitalization Rate
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Other real estate owned, measurement input		0.050
Discount Rate
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Other real estate owned, measurement input		0.070

Fair Value Measurements (Financ

Fair Value Measurements (Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Real estate fund investments	$ 3,739	$ 3,739
Recurring
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Real estate fund investments	3,739	3,739
Deferred compensation plan assets (included in restricted cash and other assets)	107,861	105,564
Loans receivable (included in investments in partially owned entities and in other assets)	49,370	47,743
Interest rate swaps and caps (included in other assets)	5,091	17
Total assets	166,061	157,063
Mandatorily redeemable instruments (included in other liabilities)	50,149	50,002
Interest rate swaps (included in other liabilities)	45,392	66,033
Total liabilities	95,541	116,035
Recurring | Level 1
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Real estate fund investments	0	0
Deferred compensation plan assets (included in restricted cash and other assets)	61,292	65,636
Loans receivable (included in investments in partially owned entities and in other assets)	0	0
Interest rate swaps and caps (included in other assets)	0	0
Total assets	61,292	65,636
Mandatorily redeemable instruments (included in other liabilities)	50,149	50,002
Interest rate swaps (included in other liabilities)	0	0
Total liabilities	50,149	50,002
Recurring | Level 2
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Real estate fund investments	0	0
Deferred compensation plan assets (included in restricted cash and other assets)	0	0
Loans receivable (included in investments in partially owned entities and in other assets)	0	0
Interest rate swaps and caps (included in other assets)	5,091	17
Total assets	5,091	17
Mandatorily redeemable instruments (included in other liabilities)	0	0
Interest rate swaps (included in other liabilities)	45,392	66,033
Total liabilities	45,392	66,033
Recurring | Level 3
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Real estate fund investments	3,739	3,739
Deferred compensation plan assets (included in restricted cash and other assets)	46,569	39,928
Loans receivable (included in investments in partially owned entities and in other assets)	49,370	47,743
Interest rate swaps and caps (included in other assets)	0	0
Total assets	99,678	91,410
Mandatorily redeemable instruments (included in other liabilities)	0	0
Interest rate swaps (included in other liabilities)	0	0
Total liabilities	0	0
Restricted Cash | Recurring
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Deferred compensation plan assets (included in restricted cash and other assets)	4,407	10,813
Other Assets | Recurring
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Deferred compensation plan assets (included in restricted cash and other assets)	103,454	94,751
Loans receivable (included in investments in partially owned entities and in other assets)	3,760	4,735
Investments in Partially Owned Properties | Recurring
Financial Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis
Loans receivable (included in investments in partially owned entities and in other assets)	$ 45,610	$ 43,008

Fair Value Measurements (Unobse

Fair Value Measurements (Unobservable Quantitative Input Ratios) (Details)	Sep. 30, 2021	Dec. 31, 2020
Discount Rate
Unobservable Quantitative Input
Other real estate owned, measurement input		0.070
Discount Rate | Recurring | Level 3 | Real estate fund investments | Minimum
Unobservable Quantitative Input
Other real estate owned, measurement input	0.072	0.076
Discount Rate | Recurring | Level 3 | Real estate fund investments | Maximum
Unobservable Quantitative Input
Other real estate owned, measurement input	0.150	0.150
Discount Rate | Recurring | Level 3 | Real estate fund investments | Weighted Average
Unobservable Quantitative Input
Other real estate owned, measurement input	0.119	0.127
Terminal Capitalization Rate | Recurring | Level 3 | Real estate fund investments | Minimum
Unobservable Quantitative Input
Other real estate owned, measurement input	0.053	0.055
Terminal Capitalization Rate | Recurring | Level 3 | Real estate fund investments | Maximum
Unobservable Quantitative Input
Other real estate owned, measurement input	0.106	0.103
Terminal Capitalization Rate | Recurring | Level 3 | Real estate fund investments | Weighted Average
Unobservable Quantitative Input
Other real estate owned, measurement input	0.081	0.079
Loans Receivable | Discount Rate | Recurring | Level 3
Unobservable Quantitative Input
Loans receivable, measurement input	0.065	0.065
Loans Receivable | Discount Rate | Recurring | Level 3 | Weighted Average
Unobservable Quantitative Input
Loans receivable, measurement input	0.065	0.065
Loans Receivable | Terminal Capitalization Rate | Recurring | Level 3
Unobservable Quantitative Input
Loans receivable, measurement input	0.050	0.050
Loans Receivable | Terminal Capitalization Rate | Recurring | Level 3 | Weighted Average
Unobservable Quantitative Input
Loans receivable, measurement input	0.050	0.050

Fair Value Measurements (Change

Fair Value Measurements (Changes in the Fair Value of Real Estate Fund Investments and Deferred Compensation Plan Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Real estate fund investments
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	$ 3,739	$ 17,453	$ 3,739	$ 222,649
Purchases/additional fundings	0	502	789	6,502
Net unrealized loss on held investments	0	(14,216)	(789)	(225,412)
Ending balance	3,739	3,739	3,739	3,739
Deferred Compensation Plan Assets
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	44,855	36,172	39,928	32,435
Purchases/additional fundings	2,154	666	5,167	7,615
Sales	(1,547)	0	(2,236)	(2,832)
Realized and unrealized (losses) gains	(69)	2,116	2,193	925
Other, net	1,176	(8)	1,517	803
Ending balance	$ 46,569	$ 38,946	$ 46,569	$ 38,946

Fair Value Measurements (Chan_2

Fair Value Measurements (Changes in the Fair Value of Loans Receivable) (Details) - Loans Receivable - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	$ 48,776	$ 46,675	$ 47,743	$ 59,251
Credit losses	0	0	0	(13,369)
Interest accrual	894	834	2,602	1,627
Paydowns	(300)	0	(975)	0
Ending balance	$ 49,370	$ 47,509	$ 49,370	$ 47,509

Fair Value Measurements (Summar

Fair Value Measurements (Summary of Derivative Instruments) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020	May 10, 2021
Matures in May 2028 | 555 California Street | Office
Derivative [Line Items]
Equity method ownership percentage			70.00%
Debt instrument, amount			$ 1,200,000,000
Interest Rate Cap | Other Assets | Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value	$ 5,091,000
Derivative Asset, Notional Amount	2,040,000,000
Interest Rate Cap | Other | Other Assets | Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value	82,000	$ 17,000
Derivative Asset, Notional Amount	700,000,000	175,000,000
Interest rate swaps | Other liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Derivative Liability, Fair Value	45,392,000	66,033,000
Derivative Liability, Notional Amount	850,000,000	850,000,000
Interest rate swaps | 555 California Mortgage Loan Interest Rate Swap | Other Assets | Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value	3,159,000
Derivative Asset, Notional Amount	$ 840,000,000
Derivative, Interest Rate	2.02%
Derivative, Swap Rate	2.26%
Interest rate swaps | 555 California Mortgage Loan Interest Rate Swap | Other liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Derivative expiration date	2024-05
Interest rate swaps | PENN 11 mortgage loan interest rate swap | Other Assets | Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value	$ 1,850,000
Derivative Asset, Notional Amount	$ 500,000,000
Derivative, Interest Rate	2.83%
Derivative, Swap Rate	3.03%
Derivative expiration date	2024-03
Interest rate swaps | Unsecured term loan | Other liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Derivative Liability, Fair Value	$ 39,839,000	57,723,000
Derivative Liability, Notional Amount	$ 750,000,000	$ 750,000,000
Derivative, Interest Rate	1.09%	1.15%
Derivative, Swap Rate	3.87%	3.87%
Derivative expiration date	2023-10	2023-10
Interest rate swaps | 33-00 Northern Boulevard mortgage loan | Other liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Derivative Liability, Fair Value	$ 5,553,000	$ 8,310,000
Derivative Liability, Notional Amount	$ 100,000,000	$ 100,000,000
Derivative, Interest Rate	1.89%	1.95%
Derivative, Swap Rate	4.14%	4.14%
Derivative expiration date	2025-01	2025-01
Interest rate swaps | LIBOR | 555 California Mortgage Loan Interest Rate Swap | Other Assets | Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	1.93%
Interest rate swaps | LIBOR | PENN 11 mortgage loan interest rate swap | Other Assets | Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	2.75%
Interest rate swaps | LIBOR | Unsecured term loan | Other liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	1.00%	1.00%
Interest rate swaps | LIBOR | 33-00 Northern Boulevard mortgage loan | Other liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	1.80%	1.80%
Floating | Interest rate swaps | Unsecured term loan | Other liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 50,000,000	$ 50,000,000
Floating | Interest rate swaps | LIBOR | Unsecured term loan | Other liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	1.00%	1.00%

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements on a Nonrecurring Basis) (Details) - Real estate assets - Nonrecurring $ in Thousands	Dec. 31, 2020USD ($)
Financial Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
Real estate assets	$ 191,116
Level 1
Financial Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
Real estate assets	0
Level 2
Financial Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
Real estate assets	0
Level 3
Financial Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
Real estate assets	$ 191,116

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying amounts and fair value of financial instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured revolving credit facilities	$ 575,000	$ 575,000
Deferred financing costs, net and other	47,874	34,462
Senior Unsecured Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, Carrying Amount	1,200,000	450,000
Deferred financing costs, net and other	10,320	3,315
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents, carrying amount	1,730,951	1,476,427
Mortgages payable, gross	6,104,615	5,608,458
Unsecured revolving credit facilities	575,000	575,000
Debt, Carrying Amount	8,679,615	7,433,458
Carrying Amount | Senior Unsecured Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured debt, gross	1,200,000	450,000
Carrying Amount | Unsecured Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured debt, gross	800,000	800,000
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, Fair Value	8,701,000	7,463,000
Fair Value | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents, fair value	1,731,000	1,476,000
Unsecured revolving credit facilities	575,000	575,000
Fair Value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgages payable, gross	6,080,000	5,612,000
Fair Value | Senior Unsecured Notes | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured debt, gross	1,246,000	476,000
Fair Value | Unsecured Term Loan | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured debt, gross	$ 800,000	$ 800,000

Stock-based Compensation (Narra

Stock-based Compensation (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 5,510	$ 6,170	$ 32,889	$ 39,638

(Impairment Losses, Transacti_3

(Impairment Losses, Transaction Related Costs and Other) Lease Liability Extinguishment Gain - (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Transaction Related Costs, Impairment Losses and Lease Termination Gain [Line Items]
Real estate impairment losses (see page 29 for details)	$ (7,880)	$ 0	$ (7,880)	$ 0
Transaction related costs, impairment losses and other	(9,681)	(584)	(10,630)	68,566
608 Fifth Avenue
Transaction Related Costs, Impairment Losses and Lease Termination Gain [Line Items]
Transaction related costs and other	(1,801)	(584)	(2,750)	(1,694)
608 Fifth Avenue lease liability extinguishment gain	$ 0	$ 0	$ 0	$ 70,260

Interest and Other Investment_3

Interest and Other Investment Income (Loss), Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Interest and Other Income [Abstract]
Interest on loans receivable	$ 561	$ 574	$ 1,679	$ 2,810
Interest on cash and cash equivalents and restricted cash	67	253	207	5,717
Credit losses on loans receivable	0	0	0	(13,369)
Market-to-market decrease in the fair value of marketable security (sold on January 23, 2020)	0	0	0	(4,938)
Other, net	5	902	1,808	2,712
Interest and other investment income (loss), net	$ 633	$ 1,729	$ 3,694	$ (7,068)

Interest and Debt Expense (Deta

Interest and Debt Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Interest and Debt Expense [Abstract]
Interest expense	$ 57,028	$ 61,793	$ 170,938	$ 191,973
Capitalized interest and debt expense	(10,739)	(9,328)	(31,785)	(30,829)
Amortization of deferred financing costs	4,657	4,906	13,751	13,474
Interest and debt expense, Total	$ 50,946	$ 57,371	$ 152,904	$ 174,618

Income (Loss) Per Share_Incom_3

Income (Loss) Per Share/Income (Loss) Per Class A Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Net income (loss) attributable to Vornado / Vornado Realty L.P.	$ 63,522	$ 65,700	$ 148,584	$ (102,026)
Preferred share dividends / unit distributions	(16,800)	(12,530)	(49,734)	(37,591)
Preferred share / unit issuance costs	(9,033)	0	(9,033)	0
NET INCOME (LOSS) attributable to common shareholders / Class A unitholders	37,689	53,170	89,817	(139,617)
Earnings allocated to unvested participating securities	(8)	(15)	(26)	(84)
Numerator for basic and diluted income (loss) per share / Class A unit	$ 37,681	$ 53,155	$ 89,791	$ (139,701)
Denominator:
Denominator for basic income (loss) per share - weighted average shares (in shares)	191,577	191,162	191,508	191,102
Denominator for diluted income (loss) per share - weighted average shares and assumed conversions (in shares)	192,041	191,162	192,151	191,102
INCOME (LOSS) PER COMMON SHARE - BASIC:
Net income (loss) per common share (in dollars per share)	$ 0.20	$ 0.28	$ 0.47	$ (0.73)
INCOME (LOSS) PER COMMON SHARE - DILUTED:
Net income (loss) per common share (in dollars per share)	$ 0.20	$ 0.28	$ 0.47	$ (0.73)
Out-Performance Plan units
Denominator:
Effect of dilutive securities	452	0	630	0
AO LTIP units
Denominator:
Effect of dilutive securities	8	0	10	0
Employee stock options and restricted stock awards
Denominator:
Effect of dilutive securities	4	0	3	0
Vornado Realty L.P.
Numerator:
Net income (loss) attributable to Vornado / Vornado Realty L.P.	$ 66,340	$ 69,584	$ 155,267	$ (112,116)
Preferred share dividends / unit distributions	(16,842)	(12,572)	(49,858)	(37,715)
Preferred share / unit issuance costs	(9,033)	0	(9,033)	0
NET INCOME (LOSS) attributable to common shareholders / Class A unitholders	40,465	57,012	96,376	(149,831)
Earnings allocated to unvested participating securities	(649)	(734)	(2,034)	(4,685)
Numerator for basic and diluted income (loss) per share / Class A unit	$ 39,816	$ 56,278	$ 94,342	$ (154,516)
Denominator:
Denominator for basic income (loss) per Class A unit - weighted average units	204,864	203,554	204,663	203,480
Denominator for diluted income (loss) per Class A unit - weighted average units and assumed conversions	205,703	203,554	205,616	203,480
INCOME (LOSS) PER CLASS A UNIT - BASIC:
Net income (loss) per Class A unit (in dollars per unit)	$ 0.19	$ 0.28	$ 0.46	$ (0.76)
INCOME (LOSS) PER CLASS A UNIT - DILUTED:
Net income (loss) per Class A unit (in dollars per unit)	$ 0.19	$ 0.28	$ 0.46	$ (0.76)
Vornado Realty L.P. | Vornado stock options, Vornado restricted stock awards, OP Units, AO LTIP Units and OPPs
Denominator:
Effect of dilutive securities	839	0	953	0

Income (Loss) Per Share_Incom_4

Income (Loss) Per Share/Income (Loss) Per Class A Unit - Narrative (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Antidilutive Securities Excluded From Computation Of Earnings Per Share
Weighted average common share / class A unit equivalents of excluded dilutive securities due to anti-dilutive effect	13,876	14,159	13,815	14,007
Vornado Realty L.P.
Antidilutive Securities Excluded From Computation Of Earnings Per Share
Weighted average common share / class A unit equivalents of excluded dilutive securities due to anti-dilutive effect	214	1,767	350	1,629

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) ft² in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)	Jul. 31, 2018USD ($)ft²
Other Commitments
Guarantees and master leases	$ 1,653,000,000
Clawback payment	28,000,000
Commitment to fund additional capital to partially owned entities	10,700,000
Construction commitment	384,000,000
General Liability
Insurance
Insurance limit per property	300,000,000
Insurance limit per occurrence	300,000,000
Disease Coverage
Insurance
Insurance limit per property	250,000,000
Insurance sublimit	2,300,000
All Risk And Rental Value
Insurance
Insurance limit per occurrence	2,000,000,000
Earthquake California Properties
Insurance
Insurance limit per occurrence	350,000,000
Insurance maximum coverage limit in aggregate	$ 350,000,000
Vornado deductible, percentage of property value	5.00%
Terrorism Acts
Insurance
Insurance limit per occurrence	$ 6,000,000,000
Insurance maximum coverage limit in aggregate	6,000,000,000
Non-Certified Acts of Terrorism
Insurance
Insurance maximum coverage limit in aggregate	1,200,000,000
NBCR Acts
Insurance
Insurance limit per occurrence	5,000,000,000
Insurance maximum coverage limit in aggregate	5,000,000,000
PPIC | NBCR Acts
Insurance
Insurance deductible	$ 1,759,257
Insurance deductible percentage of balance of covered loss	20.00%
Farley Office and Retail | General Liability
Insurance
Insurance limit per occurrence	$ 100,000,000
Farley Office and Retail | Terrorism Acts
Insurance
Insurance limit per occurrence	1,850,000,000
Farley Office and Retail | Non-Certified Acts of Terrorism
Insurance
Insurance limit per occurrence	1,170,000,000
Farley Office and Retail | Property and Development Activities
Insurance
Insurance limit per occurrence	2,800,000,000
Insurance maximum coverage limit in aggregate	$ 2,800,000,000
Joint Venture | Farley Office and Retail
Other Commitments
Equity method ownership percentage	95.00%
Capital contributions	$ 92,400,000
Affiliated Entity | Farley Office and Retail
Other Commitments
Equity method ownership percentage	5.00%
345 Montgomery Street | Regus PLC
Other Commitments
Guarantor obligations, maximum exposure, undiscounted		$ 90,000,000
Subsidiary of Regus PLC | 345 Montgomery Street
Other Commitments
Square footage of real estate property (in sqft) | ft²		78
Lessor, operating lease, lease not yet commenced, term of contract		15 years
Unsecured Revolving Credit Facilities
Other Commitments
Outstanding letters of credit	$ 13,273,000

Segment Information (Narrative)

Segment Information (Narrative) (Details)	9 Months Ended
	Sep. 30, 2021segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Information (Net Income

Segment Information (Net Income to NOI Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting [Abstract]
Net income (loss)	$ 71,765	$ 68,736	$ 175,590	$ (253,119)
Depreciation and amortization expense	100,867	107,013	285,998	292,611
General and administrative expense	25,553	32,407	100,341	120,255
Impairment losses, transaction related costs and other (lease liability extinguishment gain)	9,681	584	10,630	(68,566)
(Income) loss from partially owned entities	(26,269)	80,909	(86,768)	353,679
Loss (income) from real estate fund investments	66	13,823	(5,107)	225,328
Interest and other investment (income) loss, net	(633)	(1,729)	(3,694)	7,068
Interest and debt expense	50,946	57,371	152,904	174,618
Net gains on disposition of wholly owned and partially owned assets	(10,087)	(214,578)	(35,811)	(338,862)
Income tax (benefit) expense	(25,376)	23,781	(20,551)	38,431
NOI from partially owned entities	75,644	78,175	231,635	229,543
NOI attributable to noncontrolling interests in consolidated subsidiaries	(16,886)	(25,959)	(50,221)	(56,900)
NOI at share	255,271	220,533	754,946	724,086
Non cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other	1,922	10,981	1,570	48,247
NOI at share - cash basis	$ 257,193	$ 231,514	$ 756,516	$ 772,333

Segment Information (Summary of

Segment Information (Summary of NOI by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Information
Total revenues	$ 409,212	$ 363,962	$ 1,168,130	$ 1,151,520
Operating expenses	(212,699)	(195,645)	(594,598)	(600,077)
NOI - consolidated	196,513	168,317	573,532	551,443
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries	(16,886)	(25,959)	(50,221)	(56,900)
Add: NOI from partially owned entities	75,644	78,175	231,635	229,543
NOI at share	255,271	220,533	754,946	724,086
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other	1,922	10,981	1,570	48,247
NOI at share - cash basis	257,193	231,514	756,516	772,333
New York
Segment Information
Total revenues	316,643	293,145	921,758	919,388
Operating expenses	(151,276)	(161,386)	(468,294)	(484,624)
NOI - consolidated	165,367	131,759	453,464	434,764
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries	(9,747)	(17,776)	(26,841)	(34,713)
Add: NOI from partially owned entities	73,219	75,837	224,392	221,296
NOI at share	228,839	189,820	651,015	621,347
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other	783	6,261	351	40,310
NOI at share - cash basis	229,622	196,081	651,366	661,657
Other
Segment Information
Total revenues	92,569	70,817	246,372	232,132
Operating expenses	(61,423)	(34,259)	(126,304)	(115,453)
NOI - consolidated	31,146	36,558	120,068	116,679
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries	(7,139)	(8,183)	(23,380)	(22,187)
Add: NOI from partially owned entities	2,425	2,338	7,243	8,247
NOI at share	26,432	30,713	103,931	102,739
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other	1,139	4,720	1,219	7,937
NOI at share - cash basis	$ 27,571	$ 35,433	$ 105,150	$ 110,676

Uncategorized Items - vno-20210

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]
Vornado Realty L.P. [Member]
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]