Vornado Realty Trust (VNO) 10-K 13 Feb 23 2022 FY Annual report Financial data

Cover

Cover - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2022
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
Title of 12(g) Security	Series A Convertible Preferred Shares of beneficial interest, liquidation preference $50.00 per share
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float		$ 5,074,142
Entity Common Stock, Shares Outstanding	191,866,880
Documents Incorporated by Reference	Part III : Portions of Proxy Statement for Annual Meeting of Vornado Realty Trust’s Shareholders to be held on May 18, 2023.
Entity Central Index Key	0000899689
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Firm ID	34
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
Trading Symbol	VNO
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
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
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
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
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
Title of 12(g) Security	Class A Units of Limited Partnership Interest
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float		$ 319,516
Entity Central Index Key	0001040765
Document Fiscal Year Focus	2022
Auditor Firm ID	34

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Auditor [Line Items]
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	New York, New York
Auditor Firm ID	34
Vornado Realty L.P.
Auditor [Line Items]
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	New York, New York
Auditor Firm ID	34

Consolidated Balance Sheets (VN

Consolidated Balance Sheets (VNO) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Real estate, at cost:
Land	$ 2,451,828	$ 2,540,193
Buildings and improvements	9,804,204	9,839,166
Development costs and construction in progress	933,334	718,694
Leasehold improvements and equipment	125,389	119,792
Total	13,314,755	13,217,845
Less accumulated depreciation and amortization	(3,470,991)	(3,376,347)
Real estate, net	9,843,764	9,841,498
Right-of-use assets	684,380	337,197
Cash and cash equivalents	889,689	1,760,225
Restricted cash	131,468	170,126
Investments in U.S. Treasury bills	471,962	0
Tenant and other receivables	81,170	79,661
Investments in partially owned entities	2,665,073	3,297,389
Real estate fund investments	0	7,730
220 Central Park South condominium units ready for sale	43,599	57,142
Receivable arising from the straight-lining of rents	694,972	656,318
Deferred leasing costs, net of accumulated amortization of $237,395 and $211,775	373,555	391,693
Identified intangible assets, net of accumulated amortization of $98,139 and $97,186	139,638	154,895
Other assets	474,105	512,714
Assets	16,493,375	17,266,588
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgages payable, net	5,829,018	6,053,343
Senior unsecured notes, net	1,191,832	1,189,792
Unsecured term loan, net	793,193	797,812
Unsecured revolving credit facilities	575,000	575,000
Lease liabilities	735,969	370,206
Accounts payable and accrued expenses	450,881	613,497
Deferred revenue	39,882	48,118
Deferred compensation plan	96,322	110,174
Other liabilities	268,166	304,725
Total liabilities	9,980,263	10,062,667
Commitments and contingencies
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests / partnership units	436,732	688,683
Shareholders' / Partners' equity:
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,792,902 shares	1,182,459	1,182,459
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 191,866,880 and 191,723,608 shares	7,654	7,648
Additional capital	8,369,228	8,143,093
Earnings less than distributions	(3,894,580)	(3,079,320)
Accumulated other comprehensive income (loss)	174,967	(17,534)
Total Vornado shareholders' / partners equity	5,839,728	6,236,346
Noncontrolling interests in consolidated subsidiaries	236,652	278,892
Total equity	6,076,380	6,515,238
Total liabilities, redeemable noncontrolling interests / partnership units and equity	16,493,375	17,266,588
Partnership Interest
Redeemable noncontrolling interests:
Class A units - 14,416,891 and 14,033,438 units outstanding	345,157	587,440
Series D cumulative redeemable preferred units - 141,400 units outstanding	3,535	3,535
Total redeemable noncontrolling interests / partnership units	348,692	590,975
Subsidiaries
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests / partnership units	$ 88,040	$ 97,708

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) (VNO) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Deferred leasing costs, accumulated amortization	$ 237,395	$ 211,775
Identified intangible assets, accumulated amortization	$ 98,139	$ 97,186
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
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	48,792,902
Shares/Units Outstanding (shares)	48,792,902	48,792,902
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)	191,866,880	191,723,608
Common shares of beneficial interest: outstanding shares (shares)	191,866,880	191,723,608
Class A Unit
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties (shares)	14,416,891	14,033,438
Series D Cumulative Redeemable Preferred Unit
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties (shares)	141,400	141,400

Consolidated Statements of Inco

Consolidated Statements of Income (VNO) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
REVENUES:
Total revenues	$ 1,799,995	$ 1,589,210	$ 1,527,951
EXPENSES:
Operating	(873,911)	(797,315)	(789,066)
Depreciation and amortization	(504,502)	(412,347)	(399,695)
General and administrative	(133,731)	(134,545)	(181,509)
Benefit (expense) from deferred compensation plan liability	9,617	(9,847)	(6,443)
Impairment losses, transaction related costs and other	(31,722)	(13,815)	(174,027)
Total expenses	(1,534,249)	(1,367,869)	(1,550,740)
(Loss) income from partially owned entities	(461,351)	130,517	(329,112)
Income (loss) from real estate fund investments	3,541	11,066	(226,327)
Interest and other investment income (loss), net	19,869	4,612	(5,499)
(Loss) income from deferred compensation plan assets	(9,617)	9,847	6,443
Interest and debt expense	(279,765)	(231,096)	(229,251)
Net gains on disposition of wholly owned and partially owned assets	100,625	50,770	381,320
(Loss) income before income taxes	(360,952)	197,057	(425,215)
Income tax (expense) benefit	(21,660)	10,496	(36,630)
Net (loss) income	(382,612)	207,553	(461,845)
Less net loss (income) attributable to noncontrolling interests in:
Consolidated subsidiaries	5,737	(24,014)	139,894
Operating Partnership	30,376	(7,540)	24,946
Net (loss) income attributable to Vornado / Vornado Realty L.P.	(346,499)	175,999	(297,005)
Preferred share dividends / unit distributions	(62,116)	(65,880)	(51,739)
Series K preferred share / unit issuance costs	0	(9,033)	0
NET (LOSS) INCOME attributable to common shareholders / Class A unitholders	$ (408,615)	$ 101,086	$ (348,744)
(LOSS) INCOME PER COMMON SHARE - BASIC:
Net (loss) income per common share (in dollars per share)	$ (2.13)	$ 0.53	$ (1.83)
Weighted average shares outstanding, basic (in shares)	191,775	191,551	191,146
(LOSS) INCOME PER COMMON SHARE - DILUTED:
Net (loss) income per common share (in dollars per share)	$ (2.13)	$ 0.53	$ (1.83)
Weighted average shares outstanding, diluted (in shares)	191,775	192,122	191,146
Rental revenues
REVENUES:
Total revenues	$ 1,607,685	$ 1,424,531	$ 1,377,635
Fee and other income
REVENUES:
Total revenues	$ 192,310	$ 164,679	$ 150,316

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (VNO) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (382,612)	$ 207,553	$ (461,845)
Other comprehensive income (loss):
Change in fair value of interest rate swaps and other	190,493	51,338	(29,971)
Other comprehensive income (loss) of nonconsolidated subsidiaries	18,874	10,275	(14,342)
Comprehensive (loss) income	(173,245)	269,166	(506,158)
Less comprehensive loss (income) attributable to noncontrolling interests / in noncontrolling interests consolidated subsidiaries	19,247	(35,602)	174,287
Comprehensive (loss) income attributable to Vornado / Vornado Realty L.P.	$ (153,998)	$ 233,564	$ (331,871)

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (VNO) - USD ($) $ in Thousands	Total	Real estate fund investments	Other	Series O Preferred Stock	Series K Preferred Stock	Series N Preferred Stock	Cumulative Effect, Period of Adoption, Adjustment	Preferred Shares	Preferred Shares Series O Preferred Stock	Preferred Shares Series K Preferred Stock	Preferred Shares Series N Preferred Stock	Common Shares	Additional Capital	Earnings Less Than Distributions	Earnings Less Than Distributions Series K Preferred Stock	Earnings Less Than Distributions Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive (Loss) Income	Non- controlling Interests in Consolidated Subsidiaries	Non- controlling Interests in Consolidated Subsidiaries Real estate fund investments	Non- controlling Interests in Consolidated Subsidiaries Other
Beginning balance, shares at Dec. 31, 2019								36,796,000
Beginning balance, value at Dec. 31, 2019	$ 7,310,978						$ (16,064)	$ 891,214				$ 7,618	$ 7,827,697	$ (1,954,266)		$ (16,064)	$ (40,233)	$ 578,948
Beginning balance, shares at Dec. 31, 2019												190,986,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vornado / Vornado Realty L.P.	(297,005)													(297,005)
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	(140,438)																	(140,438)
Dividends on common shares	(454,939)													(454,939)
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share amounts)	(51,739)													(51,739)
Cumulative redeemable preferred shares/units issuance, shares											12,000,000
Cumulative redeemable preferred shares/units issuance						$ 291,182					$ 291,182
Common shares issued: / Class A Units issued to Vornado
Upon redemption of redeemable Class A units, at redemption value, shares												236,000
Upon redemption of redeemable Class A units, at redemption value	9,266											$ 9	9,257
Under Vornado's employees' share option plan, shares												69,000
Under Vornado's employees' share option plan	3,517											$ 3	3,514
Under dividend reinvestment plan, shares												47,000
Under dividend reinvestment plan	2,345											$ 2	2,343
Contributions
Contributions		$ 3,389	$ 4,305																$ 3,389	$ 4,305
Distributions:
Distributions			$ (33,007)																	$ (33,007)
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, shares								(3,000)				4,000
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, value	0							$ (57)					57
Deferred compensation shares / units and options, shares												13,000
Deferred compensation shares / units and options, value	1,169											$ 1	1,305	(137)
Other comprehensive income (loss) of nonconsolidated subsidiaries	(14,342)																(14,342)
Change in fair value of interest rate swaps and other	(29,972)																(29,972)
Unearned Out-Performance Plan awards acceleration	10,824												10,824
Redeemable Class A unit measurement adjustment	344,043												344,043
Redeemable noncontrolling interests' share of above adjustments	2,914																2,914
Other	1,729												(6,533)	(32)			6,534	1,760
Ending balance, shares at Dec. 31, 2020								48,793,000
Ending balance, value at Dec. 31, 2020	6,948,155							$ 1,182,339				$ 7,633	8,192,507	(2,774,182)			(75,099)	414,957
Ending balance, shares at Dec. 31, 2020												191,355,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vornado / Vornado Realty L.P.	175,999													175,999
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	20,826																	20,826
Dividends on common shares	(406,109)													(406,109)
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share amounts)	(65,880)													(65,880)
Cumulative redeemable preferred shares/units issuance, shares									12,000,000
Cumulative redeemable preferred shares/units issuance				$ 291,153					$ 291,153
Common shares issued: / Class A Units issued to Vornado
Upon redemption of redeemable Class A units, at redemption value, shares												350,000
Upon redemption of redeemable Class A units, at redemption value	14,576											$ 14	14,562
Under Vornado's employees' share option plan, shares												1,000
Under Vornado's employees' share option plan	22												22
Under dividend reinvestment plan, shares												21,000
Under dividend reinvestment plan	877											$ 1	876
Contributions
Contributions	4,052																	4,052
Distributions:
Distributions	(160,975)																	(160,975)
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, shares												1,000
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, value	0							(13)					13
Deferred compensation shares / units and options, shares												(4,000)
Deferred compensation shares / units and options, value	792												906	(114)
Other comprehensive income (loss) of nonconsolidated subsidiaries	10,275																10,275
Change in fair value of interest rate swaps and other	51,337																51,337
Unearned Out-Performance Plan awards acceleration	10,283												10,283
Redeemable Class A unit measurement adjustment	(76,073)												(76,073)
Series K cumulative redeemable preferred shares/units called for redemption, shares										(12,000,000)
Series K cumulative redeemable preferred shares/units called for redemption					$ (300,000)					$ (290,967)					$ (9,033)
Redeemable noncontrolling interests' share of above adjustments	(4,048)																(4,048)
Other	$ (24)							$ (53)					(3)	(1)			1	32
Ending balance, shares at Dec. 31, 2021	48,792,902							48,793,000
Ending balance, value at Dec. 31, 2021	$ 6,515,238							$ 1,182,459				$ 7,648	8,143,093	(3,079,320)			(17,534)	278,892
Ending balance, shares at Dec. 31, 2021	191,723,608											191,724,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vornado / Vornado Realty L.P.	$ (346,499)													(346,499)
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	3,931																	3,931
Dividends on common shares	(406,562)													(406,562)
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share amounts)	(62,116)													(62,116)
Common shares issued: / Class A Units issued to Vornado
Upon redemption of redeemable Class A units, at redemption value, shares												117,000
Upon redemption of redeemable Class A units, at redemption value	3,524											$ 5	3,519
Under Vornado's employees' share option plan	7												7
Under dividend reinvestment plan, shares												28,000
Under dividend reinvestment plan	878											$ 1	877
Contributions
Contributions	5,609																	5,609
Distributions:
Distributions	(54,388)																	(54,388)
Deferred compensation shares / units and options, shares												(2,000)
Deferred compensation shares / units and options, value	503												588	(85)
Other comprehensive income (loss) of nonconsolidated subsidiaries	18,874																18,874
Change in fair value of interest rate swaps and other	190,494																190,494
Redeemable Class A unit measurement adjustment	221,145												221,145
Redeemable noncontrolling interests' share of above adjustments	(14,250)																(16,866)	2,616
Other	$ (8)												(1)	2			(1)	(8)
Ending balance, shares at Dec. 31, 2022	48,792,902							48,793,000
Ending balance, value at Dec. 31, 2022	$ 6,076,380							$ 1,182,459				$ 7,654	$ 8,369,228	$ (3,894,580)			$ 174,967	$ 236,652
Ending balance, shares at Dec. 31, 2022	191,866,880											191,867,000

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parenthetical) (VNO) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Common shares/units, dividends (in dollars per share)	$ 2.12	$ 2.12	$ 2.38

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (VNO) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities:
Net (loss) income	$ (382,612)	$ 207,553	$ (461,845)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	526,306	432,594	417,942
Equity in net loss (income) of partially owned entities	461,351	(130,517)	329,112
Distributions of income from partially owned entities	184,501	214,521	175,246
Net gains on disposition of wholly owned and partially owned assets	(100,625)	(50,770)	(381,320)
Straight-lining of rents	(46,177)	8,644	24,404
Stock-based compensation expense	29,249	38,329	48,677
Real estate impairment losses	19,098	7,880	236,286
Change in deferred tax liability	14,005	11,243	(96)
Amortization of below-market leases, net	(5,178)	(9,249)	(16,878)
Return of capital from real estate fund investments	5,141	5,104	0
Net realized and unrealized loss (income) on real estate fund investments	2,589	(4,621)	226,107
Write-off of lease receivables deemed uncollectible	872	7,695	63,204
Defeasance cost in connection with refinancing of mortgage payable	0	23,729	0
Non-cash gain on extinguishment of 608 Fifth Avenue lease liability	0	0	(70,260)
Credit losses on loans receivable	0	0	13,369
Decrease in fair value of marketable securities	0	0	4,938
Other non-cash adjustments	3,090	(3,875)	6,835
Changes in operating assets and liabilities:
Real estate fund investments	0	(4,474)	(7,197)
Tenant and other receivables	(4,437)	(187)	(5,330)
Prepaid assets	104,186	30,466	(137,452)
Other assets	(34,615)	(54,716)	(52,832)
Accounts payable and accrued expenses	5,718	35,856	14,868
Other liabilities	16,482	(3,399)	(3,538)
Net cash provided by operating activities	798,944	761,806	424,240
Cash Flows from Investing Activities:
Purchase of U.S. Treasury bills	(1,066,096)	0	0
Development costs and construction in progress	(737,999)	(585,940)	(601,920)
Proceeds from maturities of U.S. Treasury bills	597,499	0	0
Proceeds from sales of real estate	373,264	100,024	0
Additions to real estate	(159,796)	(149,461)	(155,738)
Proceeds from sale of condominium units and ancillary amenities at 220 Central Park South	88,019	137,404	1,044,260
Distributions of capital from partially owned entities	34,417	106,005	2,389
Investments in partially owned entities	(33,172)	(14,997)	(8,959)
Acquisitions of real estate and other	(3,000)	(3,000)	(1,156)
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)	0	(123,936)	0
Proceeds from repayments of loan receivables	0	1,554	0
Moynihan Train Hall expenditures	0	0	(395,051)
Proceeds from sales of marketable securities	0	0	28,375
Net cash used in investing activities	(906,864)	(532,347)	(87,800)
Cash Flows from Financing Activities:
Repayments of borrowings	(1,251,373)	(1,584,243)	(1,067,564)
Proceeds from borrowings	1,029,773	3,248,007	1,056,315
Dividends paid on common shares / Distributions to Vornado	(406,562)	(406,109)	(827,319)
Distribution to noncontrolling interests / redeemable security holders and noncontrolling interests in consolidated subsidiaries	(84,699)	(190,876)	(91,514)
Dividends paid on preferred shares / Distributions to preferred unitholders	(62,116)	(65,880)	(64,271)
Debt issuance costs	(32,706)	(51,184)	(10,901)
Contributions from noncontrolling interests / noncontrolling interests in consolidated subsidiaries	5,609	4,052	100,094
Proceeds received from exercise of employee share options (Vornado stock options) and other	885	899	5,862
Repurchase of shares / Class A units related to stock compensation agreements and related tax withholdings and other	(85)	(1,567)	(137)
Purchase of marketable securities in connection with defeasance of mortgage payable	0	(973,729)	0
Redemption of preferred shares / units	0	(300,000)	0
Proceeds from the issuance of preferred shares / units	0	291,153	291,182
Moynihan Train Hall reimbursement from Empire State Development	0	0	395,051
Net cash used in financing activities	(801,274)	(29,477)	(213,202)
Net (decrease) increase in cash and cash equivalents and restricted cash	(909,194)	199,982	123,238
Cash and cash equivalents and restricted cash at beginning of period	1,930,351	1,730,369	1,607,131
Cash and cash equivalents and restricted cash at end of period	1,021,157	1,930,351	1,730,369
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	1,760,225	1,624,482	1,515,012
Restricted cash at beginning of period	170,126	105,887	92,119
Cash and cash equivalents and restricted cash at beginning of period	1,930,351	1,730,369	1,607,131
Cash and cash equivalents at end of period	889,689	1,760,225	1,624,482
Restricted cash at end of period	131,468	170,126	105,887
Cash and cash equivalents and restricted cash at end of period	1,021,157	1,930,351	1,730,369
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest, excluding capitalized interest of $19,085, $38,320 and $40,855	252,371	188,587	210,052
Cash payments for income taxes	7,947	9,155	15,105
Non-Cash Information:
Additional estimated lease liability arising from the recognition of right-of-use asset	350,000	0	0
Write-off of fully depreciated assets	(278,561)	(123,537)	(189,250)
Redeemable Class A unit measurement adjustment	221,145	(76,073)	344,043
Change in fair value of consolidated interest rate swaps and other	190,494	51,337	(29,972)
Accrued capital expenditures included in accounts payable and accrued expenses	104,750	291,690	117,641
Reclassification of condominium units from "development costs and construction in progress" to "220 Central Park South condominium units ready for sale"	32,604	16,014	388,280
Increase in assets and liabilities resulting from the consolidation of One Park Avenue:
Marketable securities transferred in connection with the defeasance of mortgage payable	0	(973,729)	0
Defeasance of mortgage payable	0	950,000	0
Reclassification of assets held for sale (included in "other assets")	0	80,005	0
Decrease in assets and liabilities resulting from the deconsolidation of Moynihan Train Hall:
Real estate, net	0	0	(1,291,804)
Moynihan Train Hall Obligation	0	0	(1,291,804)
One Park Avenue
Increase in assets and liabilities resulting from the consolidation of One Park Avenue:
Real estate	0	566,013	0
Identified intangible assets	0	139,545	0
Mortgages payable	0	525,000	0
Deferred revenue	$ 0	$ 18,884	$ 0

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals) (VNO) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Capitalized interest	$ 19,085	$ 38,320	$ 40,855
One Park Avenue
Equity method ownership percentage	45%
Working capital, net	$ 5,806
Cash and restricted cash	$ 39,370

Consolidated Balance Sheets (LP

Consolidated Balance Sheets (LP) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Real estate, at cost:
Land	$ 2,451,828	$ 2,540,193
Buildings and improvements	9,804,204	9,839,166
Development costs and construction in progress	933,334	718,694
Leasehold improvements and equipment	125,389	119,792
Total	13,314,755	13,217,845
Less accumulated depreciation and amortization	(3,470,991)	(3,376,347)
Real estate, net	9,843,764	9,841,498
Right-of-use assets	684,380	337,197
Cash and cash equivalents	889,689	1,760,225
Restricted cash	131,468	170,126
Investments in U.S. Treasury bills	471,962	0
Tenant and other receivables	81,170	79,661
Investments in partially owned entities	2,665,073	3,297,389
Real estate fund investments	0	7,730
220 Central Park South condominium units ready for sale	43,599	57,142
Receivable arising from the straight-lining of rents	694,972	656,318
Deferred leasing costs, net of accumulated amortization of $237,395 and $211,775	373,555	391,693
Identified intangible assets, net of accumulated amortization of $98,139 and $97,186	139,638	154,895
Other assets	474,105	512,714
Assets	16,493,375	17,266,588
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgages payable, net	5,829,018	6,053,343
Senior unsecured notes, net	1,191,832	1,189,792
Unsecured term loan, net	793,193	797,812
Unsecured revolving credit facilities	575,000	575,000
Lease liabilities	735,969	370,206
Accounts payable and accrued expenses	450,881	613,497
Deferred revenue	39,882	48,118
Deferred compensation plan	96,322	110,174
Other liabilities	268,166	304,725
Total liabilities	9,980,263	10,062,667
Commitments and contingencies
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests / partnership units	436,732	688,683
Shareholders' / Partners' equity:
Earnings less than distributions	(3,894,580)	(3,079,320)
Accumulated other comprehensive income (loss)	174,967	(17,534)
Total Vornado shareholders' / partners equity	5,839,728	6,236,346
Noncontrolling interests in consolidated subsidiaries	236,652	278,892
Total equity	6,076,380	6,515,238
Total liabilities, redeemable noncontrolling interests / partnership units and equity	16,493,375	17,266,588
Partnership Interest
Redeemable noncontrolling interests:
Class A units - 14,416,891 and 14,033,438 units outstanding	345,157	587,440
Series D cumulative redeemable preferred units - 141,400 units outstanding	3,535	3,535
Total redeemable noncontrolling interests / partnership units	348,692	590,975
Subsidiaries
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests / partnership units	88,040	97,708
Vornado Realty L.P.
Real estate, at cost:
Land	2,451,828	2,540,193
Buildings and improvements	9,804,204	9,839,166
Development costs and construction in progress	933,334	718,694
Leasehold improvements and equipment	125,389	119,792
Total	13,314,755	13,217,845
Less accumulated depreciation and amortization	(3,470,991)	(3,376,347)
Real estate, net	9,843,764	9,841,498
Right-of-use assets	684,380	337,197
Cash and cash equivalents	889,689	1,760,225
Restricted cash	131,468	170,126
Investments in U.S. Treasury bills	471,962	0
Tenant and other receivables	81,170	79,661
Investments in partially owned entities	2,665,073	3,297,389
Real estate fund investments	0	7,730
220 Central Park South condominium units ready for sale	43,599	57,142
Receivable arising from the straight-lining of rents	694,972	656,318
Deferred leasing costs, net of accumulated amortization of $237,395 and $211,775	373,555	391,693
Identified intangible assets, net of accumulated amortization of $98,139 and $97,186	139,638	154,895
Other assets	474,105	512,714
Assets	16,493,375	17,266,588
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgages payable, net	5,829,018	6,053,343
Senior unsecured notes, net	1,191,832	1,189,792
Unsecured term loan, net	793,193	797,812
Unsecured revolving credit facilities	575,000	575,000
Lease liabilities	735,969	370,206
Accounts payable and accrued expenses	450,881	613,497
Deferred revenue	39,882	48,118
Deferred compensation plan	96,322	110,174
Other liabilities	268,166	304,725
Total liabilities	9,980,263	10,062,667
Commitments and contingencies
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests / partnership units	436,732	688,683
Shareholders' / Partners' equity:
Partners' capital	9,559,341	9,333,200
Earnings less than distributions	(3,894,580)	(3,079,320)
Accumulated other comprehensive income (loss)	174,967	(17,534)
Total Vornado shareholders' / partners equity	5,839,728	6,236,346
Noncontrolling interests in consolidated subsidiaries	236,652	278,892
Total equity	6,076,380	6,515,238
Total liabilities, redeemable noncontrolling interests / partnership units and equity	16,493,375	17,266,588
Vornado Realty L.P. | Partnership Interest
Redeemable noncontrolling interests:
Class A units - 14,416,891 and 14,033,438 units outstanding	345,157	587,440
Series D cumulative redeemable preferred units - 141,400 units outstanding	3,535	3,535
Total redeemable noncontrolling interests / partnership units	348,692	590,975
Vornado Realty L.P. | Subsidiaries
Redeemable noncontrolling interests:
Total redeemable noncontrolling interests / partnership units	$ 88,040	$ 97,708

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Parentheticals) (LP) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Deferred leasing costs, accumulated amortization	$ 237,395	$ 211,775
Identified intangible assets, accumulated amortization	$ 98,139	$ 97,186
Class A Unit
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties (shares)	14,416,891	14,033,438
Class A Unit | Vornado Realty L.P.
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties (shares)	14,416,891	14,033,438
Series D Cumulative Redeemable Preferred Unit
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties (shares)	141,400	141,400
Series D Cumulative Redeemable Preferred Unit | Vornado Realty L.P.
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties (shares)		141,400

Consolidated Statements of In_2

Consolidated Statements of Income (LP) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
REVENUES:
Total revenues	$ 1,799,995	$ 1,589,210	$ 1,527,951
EXPENSES:
Operating	(873,911)	(797,315)	(789,066)
Depreciation and amortization	(504,502)	(412,347)	(399,695)
General and administrative	(133,731)	(134,545)	(181,509)
Benefit (expense) from deferred compensation plan liability	9,617	(9,847)	(6,443)
Impairment losses, transaction related costs and other	(31,722)	(13,815)	(174,027)
Total expenses	(1,534,249)	(1,367,869)	(1,550,740)
(Loss) income from partially owned entities	(461,351)	130,517	(329,112)
Income (loss) from real estate fund investments	3,541	11,066	(226,327)
Interest and other investment income (loss), net	19,869	4,612	(5,499)
(Loss) income from deferred compensation plan assets	(9,617)	9,847	6,443
Interest and debt expense	(279,765)	(231,096)	(229,251)
Net gains on disposition of wholly owned and partially owned assets	100,625	50,770	381,320
(Loss) income before income taxes	(360,952)	197,057	(425,215)
Income tax (expense) benefit	(21,660)	10,496	(36,630)
Net (loss) income	(382,612)	207,553	(461,845)
Consolidated subsidiaries	5,737	(24,014)	139,894
Net income (loss) attributable to Vornado / Vornado Realty L.P.	(346,499)	175,999	(297,005)
Preferred share dividends / unit distributions	(62,116)	(65,880)	(51,739)
Series K preferred share / unit issuance costs	0	(9,033)	0
NET (LOSS) INCOME attributable to common shareholders / Class A unitholders	(408,615)	101,086	(348,744)
Vornado Realty L.P.
REVENUES:
Total revenues	1,799,995	1,589,210	1,527,951
EXPENSES:
Operating	(873,911)	(797,315)	(789,066)
Depreciation and amortization	(504,502)	(412,347)	(399,695)
General and administrative	(133,731)	(134,545)	(181,509)
Benefit (expense) from deferred compensation plan liability	9,617	(9,847)	(6,443)
Impairment losses, transaction related costs and other	(31,722)	(13,815)	(174,027)
Total expenses	(1,534,249)	(1,367,869)	(1,550,740)
(Loss) income from partially owned entities	(461,351)	130,517	(329,112)
Income (loss) from real estate fund investments	3,541	11,066	(226,327)
Interest and other investment income (loss), net	19,869	4,612	(5,499)
(Loss) income from deferred compensation plan assets	(9,617)	9,847	6,443
Interest and debt expense	(279,765)	(231,096)	(229,251)
Net gains on disposition of wholly owned and partially owned assets	100,625	50,770	381,320
(Loss) income before income taxes	(360,952)	197,057	(425,215)
Income tax (expense) benefit	(21,660)	10,496	(36,630)
Net (loss) income	(382,612)	207,553	(461,845)
Consolidated subsidiaries	5,737	(24,014)	139,894
Net income (loss) attributable to Vornado / Vornado Realty L.P.	(376,875)	183,539	(321,951)
Preferred share dividends / unit distributions	(62,231)	(66,035)	(51,904)
Series K preferred share / unit issuance costs	0	(9,033)	0
NET (LOSS) INCOME attributable to common shareholders / Class A unitholders	$ (439,106)	$ 108,471	$ (373,855)
(LOSS) INCOME PER CLASS A UNIT - BASIC:
Net (loss) income per Class A unit (in dollars per unit)	$ (2.15)	$ 0.52	$ (1.86)
Weighted average units outstanding, basic (in shares)	205,315	204,728	203,503
(LOSS) INCOME PER CLASS A UNIT - DILUTED:
Net (loss) income per Class A unit (in dollars per unit)	$ (2.15)	$ 0.51	$ (1.86)
Weighted average units outstanding, diluted (in shares)	205,315	205,644	203,503
Rental revenues
REVENUES:
Total revenues	$ 1,607,685	$ 1,424,531	$ 1,377,635
Rental revenues | Vornado Realty L.P.
REVENUES:
Total revenues	1,607,685	1,424,531	1,377,635
Fee and other income
REVENUES:
Total revenues	192,310	164,679	150,316
Fee and other income | Vornado Realty L.P.
REVENUES:
Total revenues	$ 192,310	$ 164,679	$ 150,316

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (LP) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net (loss) income	$ (382,612)	$ 207,553	$ (461,845)
Other comprehensive income (loss):
Change in fair value of interest rate swaps and other	190,493	51,338	(29,971)
Other comprehensive income (loss) of nonconsolidated subsidiaries	18,874	10,275	(14,342)
Comprehensive (loss) income	(173,245)	269,166	(506,158)
Less comprehensive loss (income) attributable to noncontrolling interests / in noncontrolling interests consolidated subsidiaries	19,247	(35,602)	174,287
Comprehensive (loss) income attributable to Vornado / Vornado Realty L.P.	(153,998)	233,564	(331,871)
Vornado Realty L.P.
Net (loss) income	(382,612)	207,553	(461,845)
Other comprehensive income (loss):
Change in fair value of interest rate swaps and other	190,493	51,338	(29,971)
Other comprehensive income (loss) of nonconsolidated subsidiaries	18,874	10,275	(14,342)
Comprehensive (loss) income	(173,245)	269,166	(506,158)
Less comprehensive loss (income) attributable to noncontrolling interests / in noncontrolling interests consolidated subsidiaries	3,121	(24,014)	139,894
Comprehensive (loss) income attributable to Vornado / Vornado Realty L.P.	$ (170,124)	$ 245,152	$ (366,264)

Consolidated Statements of Ch_3

Consolidated Statements of Changes in Equity (LP) - USD ($) $ in Thousands	Total	Real estate fund investments	Other	Series N Preferred Stock	4.45% Series O	Series K Preferred Stock	Cumulative Effect, Period of Adoption, Adjustment	Preferred Shares	Preferred Shares Series N Preferred Stock	Preferred Shares 4.45% Series O	Preferred Shares Series K Preferred Stock	Earnings Less Than Distributions	Earnings Less Than Distributions Series K Preferred Stock	Earnings Less Than Distributions Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive (Loss) Income	Non- controlling Interests in Consolidated Subsidiaries	Non- controlling Interests in Consolidated Subsidiaries Real estate fund investments	Non- controlling Interests in Consolidated Subsidiaries Other	Vornado Realty L.P.	Vornado Realty L.P. Other	Vornado Realty L.P. Series N Preferred Stock	Vornado Realty L.P. 4.45% Series O	Vornado Realty L.P. Series K Preferred Stock	Vornado Realty L.P. Cumulative Effect, Period of Adoption, Adjustment	Vornado Realty L.P. Preferred Shares	Vornado Realty L.P. Preferred Shares Series N Preferred Stock	Vornado Realty L.P. Preferred Shares 4.45% Series O	Vornado Realty L.P. Preferred Shares Series 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 Distributions Series K Preferred Stock	Vornado Realty L.P. Earnings Less Than Distributions Cumulative Effect, Period of Adoption, Adjustment	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 Subsidiaries Real estate fund investments	Vornado Realty L.P. Non- controlling Interests in Consolidated Subsidiaries Other
Beginning balance, shares at Dec. 31, 2019								36,796,000																	36,796,000
Beginning balance, value at Dec. 31, 2019	$ 7,310,978						$ (16,064)	$ 891,214				$ (1,954,266)		$ (16,064)	$ (40,233)	$ 578,948			$ 7,310,978					$ (16,064)	$ 891,214				$ 7,835,315	$ (1,954,266)		$ (16,064)	$ (40,233)	$ 578,948
Beginning balance, shares at Dec. 31, 2019																													190,986,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vornado / Vornado Realty L.P.	(297,005)											(297,005)							(321,951)											(321,951)
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	24,946																		24,946											24,946
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	(140,438)															(140,438)			(140,438)															(140,438)
Distributions to Vornado																			(454,939)											(454,939)
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share amounts)	(51,739)											(51,739)							(51,739)											(51,739)
Cumulative redeemable preferred shares/units issuance, shares									12,000,000																	12,000,000
Cumulative redeemable preferred shares/units issuance				$ 291,182					$ 291,182												$ 291,182					$ 291,182
Common shares issued: / Class A Units issued to Vornado
Upon redemption of redeemable Class A units, at redemption value, shares																													236,000
Upon redemption of redeemable Class A units, at redemption value	9,266																		9,266										$ 9,266
Under Vornado's employees' share option plan, shares																													69,000
Under Vornado's employees' share option plan	3,517																		3,517										$ 3,517
Under dividend reinvestment plan, shares																													47,000
Under dividend reinvestment plan	2,345																		2,345										$ 2,345
Contributions
Contributions		$ 3,389	$ 4,305														$ 3,389	$ 4,305	3,389	$ 4,305															$ 3,389	$ 4,305
Distributions:
Distributions			$ (33,007)															$ (33,007)	(33,007)															(33,007)
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, shares								(3,000)																	(3,000)				4,000
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, value	0							$ (57)											0						$ (57)				$ 57
Deferred compensation shares / units and options, shares																													13,000
Deferred compensation shares / units and options, value	1,169											(137)							1,169										$ 1,306	(137)
Other comprehensive income (loss) of nonconsolidated subsidiaries	(14,342)														(14,342)				(14,342)														(14,342)
Change in fair value of interest rate swaps and other																			(29,972)														(29,972)
Unearned Out-Performance Plan awards acceleration	10,824																		10,824										10,824
Redeemable Class A unit measurement adjustment	344,043																		344,043										344,043
Redeemable noncontrolling interests' share of above adjustments	2,914														2,914
Redeemable partnership units' share of above adjustments																			2,914														2,914
Other	1,729											(32)			6,534	1,760			1,729										(6,533)	(32)			6,534	1,760
Ending balance, shares at Dec. 31, 2020								48,793,000																	48,793,000
Ending balance, value at Dec. 31, 2020	6,948,155							$ 1,182,339				(2,774,182)			(75,099)	414,957			6,948,155						$ 1,182,339				$ 8,200,140	(2,774,182)			(75,099)	414,957
Ending balance, shares at Dec. 31, 2020																													191,355,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vornado / Vornado Realty L.P.	175,999											175,999							183,539											183,539
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	(7,540)																		(7,540)											(7,540)
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	20,826															20,826			20,826															20,826
Distributions to Vornado																			(406,109)											(406,109)
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share amounts)	(65,880)											(65,880)							(65,880)											(65,880)
Cumulative redeemable preferred shares/units issuance, shares										12,000,000																	12,000,000
Cumulative redeemable preferred shares/units issuance					$ 291,153					$ 291,153												$ 291,153					$ 291,153
Common shares issued: / Class A Units issued to Vornado
Upon redemption of redeemable Class A units, at redemption value, shares																													350,000
Upon redemption of redeemable Class A units, at redemption value	14,576																		14,576										$ 14,576
Under Vornado's employees' share option plan, shares																													1,000
Under Vornado's employees' share option plan	22																		22										$ 22
Under dividend reinvestment plan, shares																													21,000
Under dividend reinvestment plan	877																		877										$ 877
Contributions
Contributions	4,052															4,052			4,052															4,052
Distributions:
Distributions	(160,975)															(160,975)			(160,975)															(160,975)
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, shares																													1,000
Conversion of Series A preferred shares to common shares / Conversion of Series A preferred units to Class A units, value	0							(13)											0						(13)				$ 13
Deferred compensation shares / units and options, shares																													(4,000)
Deferred compensation shares / units and options, value	792											(114)							792										$ 906	(114)
Other comprehensive income (loss) of nonconsolidated subsidiaries	10,275														10,275				10,275														10,275
Change in fair value of interest rate swaps and other																			51,337														51,337
Unearned Out-Performance Plan awards acceleration	10,283																		10,283										10,283
Redeemable Class A unit measurement adjustment	(76,073)																		(76,073)										(76,073)
Redeemable noncontrolling interests' share of above adjustments	(4,048)														(4,048)
Series K cumulative redeemable preferred shares/units called for redemption, shares											12,000,000																	(12,000,000)
Series K cumulative redeemable preferred shares/units called for redemption						$ (300,000)					$ (290,967)		$ (9,033)										$ (300,000)					$ (290,967)			$ (9,033)
Redeemable partnership units' share of above adjustments																			(4,048)														(4,048)
Other	$ (24)							$ (53)				(1)			1	32			(24)						$ (53)				(3)	(1)			1	32
Ending balance, shares at Dec. 31, 2021	48,792,902							48,793,000																	48,793,000
Ending balance, value at Dec. 31, 2021	$ 6,515,238							$ 1,182,459				(3,079,320)			(17,534)	278,892			6,515,238						$ 1,182,459				$ 8,150,741	(3,079,320)			(17,534)	278,892
Ending balance, shares at Dec. 31, 2021	191,723,608																												191,724,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to Vornado / Vornado Realty L.P.	$ (346,499)											(346,499)							(376,875)											(376,875)
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	30,376																		30,376											30,376
Net income (loss) attributable to nonredeemable noncontrolling interests in consolidated subsidiaries	3,931															3,931			3,931															3,931
Distributions to Vornado																			(406,562)											(406,562)
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share amounts)	(62,116)											(62,116)							(62,116)											(62,116)
Common shares issued: / Class A Units issued to Vornado
Upon redemption of redeemable Class A units, at redemption value, shares																													117,000
Upon redemption of redeemable Class A units, at redemption value	3,524																		3,524										$ 3,524
Under Vornado's employees' share option plan	7																		7										$ 7
Under dividend reinvestment plan, shares																													28,000
Under dividend reinvestment plan	878																		878										$ 878
Contributions
Contributions	5,609															5,609			5,609															5,609
Distributions:
Distributions	(54,388)															(54,388)			(54,388)															(54,388)
Deferred compensation shares / units and options, shares																													(2,000)
Deferred compensation shares / units and options, value	503											(85)							503										$ 588	(85)
Other comprehensive income (loss) of nonconsolidated subsidiaries	18,874														18,874				18,874														18,874
Change in fair value of interest rate swaps and other																			190,494														190,494
Redeemable Class A unit measurement adjustment	221,145																		221,145										221,145
Redeemable noncontrolling interests' share of above adjustments	(14,250)														(16,866)	2,616			(14,250)														(16,866)	2,616
Other	$ (8)											2			(1)	(8)			(8)										(1)	2			(1)	(8)
Ending balance, shares at Dec. 31, 2022	48,792,902							48,793,000																	48,793,000
Ending balance, value at Dec. 31, 2022	$ 6,076,380							$ 1,182,459				$ (3,894,580)			$ 174,967	$ 236,652			$ 6,076,380						$ 1,182,459				$ 8,376,882	$ (3,894,580)			$ 174,967	$ 236,652
Ending balance, shares at Dec. 31, 2022	191,866,880																												191,867,000

Consolidated Statements of Ch_4

Consolidated Statements of Changes in Equity (Parenthetical) (LP) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Common shares/units, dividends (in dollars per share)	$ 2.12	$ 2.12	$ 2.38
Vornado Realty L.P.
Common shares/units, dividends (in dollars per share)	$ 2.12	$ 2.12	$ 2.38

Consolidated Statements of Ca_3

Consolidated Statements of Cash Flows (LP) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities:
Net (loss) income	$ (382,612)	$ 207,553	$ (461,845)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	526,306	432,594	417,942
Equity in net loss (income) of partially owned entities	461,351	(130,517)	329,112
Distributions of income from partially owned entities	184,501	214,521	175,246
Net gains on disposition of wholly owned and partially owned assets	(100,625)	(50,770)	(381,320)
Straight-lining of rents	(46,177)	8,644	24,404
Stock-based compensation expense	29,249	38,329	48,677
Real estate impairment losses	19,098	7,880	236,286
Change in deferred tax liability	14,005	11,243	(96)
Amortization of below-market leases, net	(5,178)	(9,249)	(16,878)
Return of capital from real estate fund investments	5,141	5,104	0
Net realized and unrealized loss (income) on real estate fund investments	2,589	(4,621)	226,107
Write-off of lease receivables deemed uncollectible	872	7,695	63,204
Defeasance cost in connection with refinancing of mortgage payable	0	23,729	0
Non-cash gain on extinguishment of 608 Fifth Avenue lease liability	0	0	(70,260)
Credit losses on loans receivable	0	0	13,369
Decrease in fair value of marketable securities	0	0	4,938
Other non-cash adjustments	3,090	(3,875)	6,835
Changes in operating assets and liabilities:
Real estate fund investments	0	(4,474)	(7,197)
Tenant and other receivables	(4,437)	(187)	(5,330)
Prepaid assets	104,186	30,466	(137,452)
Other assets	(34,615)	(54,716)	(52,832)
Accounts payable and accrued expenses	5,718	35,856	14,868
Other liabilities	16,482	(3,399)	(3,538)
Net cash provided by operating activities	798,944	761,806	424,240
Cash Flows from Investing Activities:
Purchase of U.S. Treasury bills	(1,066,096)	0	0
Development costs and construction in progress	(737,999)	(585,940)	(601,920)
Proceeds from maturities of U.S. Treasury bills	597,499	0	0
Proceeds from sales of real estate	373,264	100,024	0
Additions to real estate	(159,796)	(149,461)	(155,738)
Proceeds from sale of condominium units and ancillary amenities at 220 Central Park South	88,019	137,404	1,044,260
Distributions of capital from partially owned entities	34,417	106,005	2,389
Investments in partially owned entities	(33,172)	(14,997)	(8,959)
Acquisitions of real estate and other	(3,000)	(3,000)	(1,156)
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)	0	(123,936)	0
Proceeds from repayments of loan receivables	0	1,554	0
Moynihan Train Hall expenditures	0	0	(395,051)
Proceeds from sales of marketable securities	0	0	28,375
Net cash used in investing activities	(906,864)	(532,347)	(87,800)
Cash Flows from Financing Activities:
Repayments of borrowings	(1,251,373)	(1,584,243)	(1,067,564)
Proceeds from borrowings	1,029,773	3,248,007	1,056,315
Dividends paid on common shares / Distributions to Vornado	(406,562)	(406,109)	(827,319)
Distribution to noncontrolling interests / redeemable security holders and noncontrolling interests in consolidated subsidiaries	(84,699)	(190,876)	(91,514)
Dividends paid on preferred shares / Distributions to preferred unitholders	(62,116)	(65,880)	(64,271)
Debt issuance costs	(32,706)	(51,184)	(10,901)
Contributions from noncontrolling interests / noncontrolling interests in consolidated subsidiaries	5,609	4,052	100,094
Proceeds received from exercise of employee share options (Vornado stock options) and other	885	899	5,862
Repurchase of shares / Class A units related to stock compensation agreements and related tax withholdings and other	(85)	(1,567)	(137)
Purchase of marketable securities in connection with defeasance of mortgage payable	0	(973,729)	0
Redemption of preferred shares / units	0	(300,000)	0
Proceeds from the issuance of preferred shares / units	0	291,153	291,182
Moynihan Train Hall reimbursement from Empire State Development	0	0	395,051
Net cash used in financing activities	(801,274)	(29,477)	(213,202)
Net (decrease) increase in cash and cash equivalents and restricted cash	(909,194)	199,982	123,238
Cash and cash equivalents and restricted cash at beginning of period	1,930,351	1,730,369	1,607,131
Cash and cash equivalents and restricted cash at end of period	1,021,157	1,930,351	1,730,369
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	1,760,225	1,624,482	1,515,012
Restricted cash at beginning of period	170,126	105,887	92,119
Cash and cash equivalents and restricted cash at beginning of period	1,930,351	1,730,369	1,607,131
Cash and cash equivalents at end of period	889,689	1,760,225	1,624,482
Restricted cash at end of period	131,468	170,126	105,887
Cash and cash equivalents and restricted cash at end of period	1,021,157	1,930,351	1,730,369
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest, excluding capitalized interest of $19,085, $38,320 and $40,855	252,371	188,587	210,052
Cash payments for income taxes	7,947	9,155	15,105
Non-Cash Information:
Additional estimated lease liability arising from the recognition of right-of-use asset	350,000	0	0
Write-off of fully depreciated assets	(278,561)	(123,537)	(189,250)
Redeemable Class A unit measurement adjustment	221,145	(76,073)	344,043
Change in fair value of consolidated interest rate swaps and other	190,494	51,337	(29,972)
Accrued capital expenditures included in accounts payable and accrued expenses	104,750	291,690	117,641
Reclassification of condominium units from "development costs and construction in progress" to "220 Central Park South condominium units ready for sale"	32,604	16,014	388,280
Increase in assets and liabilities resulting from the consolidation of One Park Avenue:
Marketable securities transferred in connection with the defeasance of mortgage payable	0	(973,729)	0
Defeasance of mortgage payable	0	950,000	0
Reclassification of assets held for sale (included in "other assets")	0	80,005	0
Decrease in assets and liabilities resulting from the deconsolidation of Moynihan Train Hall:
Real estate, net	0	0	(1,291,804)
Moynihan Train Hall Obligation	0	0	(1,291,804)
One Park Avenue
Increase in assets and liabilities resulting from the consolidation of One Park Avenue:
Real estate	0	566,013	0
Identified intangible assets	0	139,545	0
Mortgages payable	0	525,000	0
Deferred revenue	0	18,884	0
Vornado Realty L.P.
Cash Flows from Operating Activities:
Net (loss) income	(382,612)	207,553	(461,845)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	526,306	432,594	417,942
Equity in net loss (income) of partially owned entities	461,351	(130,517)	329,112
Distributions of income from partially owned entities	184,501	214,521	175,246
Net gains on disposition of wholly owned and partially owned assets	(100,625)	(50,770)	(381,320)
Straight-lining of rents	(46,177)	8,644	24,404
Stock-based compensation expense	29,249	38,329	48,677
Real estate impairment losses	19,098	7,880	236,286
Change in deferred tax liability	14,005	11,243	(96)
Amortization of below-market leases, net	(5,178)	(9,249)	(16,878)
Return of capital from real estate fund investments	5,141	5,104	0
Net realized and unrealized loss (income) on real estate fund investments	2,589	(4,621)	226,107
Write-off of lease receivables deemed uncollectible	872	7,695	63,204
Defeasance cost in connection with refinancing of mortgage payable	0	23,729	0
Non-cash gain on extinguishment of 608 Fifth Avenue lease liability	0	0	(70,260)
Credit losses on loans receivable	0	0	13,369
Decrease in fair value of marketable securities	0	0	4,938
Other non-cash adjustments	3,090	(3,875)	6,835
Changes in operating assets and liabilities:
Real estate fund investments	0	(4,474)	(7,197)
Tenant and other receivables	(4,437)	(187)	(5,330)
Prepaid assets	104,186	30,466	(137,452)
Other assets	(34,615)	(54,716)	(52,832)
Accounts payable and accrued expenses	5,718	35,856	14,868
Other liabilities	16,482	(3,399)	(3,538)
Net cash provided by operating activities	798,944	761,806	424,240
Cash Flows from Investing Activities:
Purchase of U.S. Treasury bills	(1,066,096)	0	0
Development costs and construction in progress	(737,999)	(585,940)	(601,920)
Proceeds from maturities of U.S. Treasury bills	597,499	0	0
Proceeds from sales of real estate	373,264	100,024	0
Additions to real estate	(159,796)	(149,461)	(155,738)
Proceeds from sale of condominium units and ancillary amenities at 220 Central Park South	88,019	137,404	1,044,260
Distributions of capital from partially owned entities	34,417	106,005	2,389
Investments in partially owned entities	(33,172)	(14,997)	(8,959)
Acquisitions of real estate and other	(3,000)	(3,000)	(1,156)
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)	0	(123,936)	0
Proceeds from repayments of loan receivables	0	1,554	0
Moynihan Train Hall expenditures	0	0	(395,051)
Proceeds from sales of marketable securities	0	0	28,375
Net cash used in investing activities	(906,864)	(532,347)	(87,800)
Cash Flows from Financing Activities:
Repayments of borrowings	(1,251,373)	(1,584,243)	(1,067,564)
Proceeds from borrowings	1,029,773	3,248,007	1,056,315
Dividends paid on common shares / Distributions to Vornado	(406,562)	(406,109)	(827,319)
Distribution to noncontrolling interests / redeemable security holders and noncontrolling interests in consolidated subsidiaries	(84,699)	(190,876)	(91,514)
Dividends paid on preferred shares / Distributions to preferred unitholders	(62,116)	(65,880)	(64,271)
Debt issuance costs	(32,706)	(51,184)	(10,901)
Contributions from noncontrolling interests / noncontrolling interests in consolidated subsidiaries	5,609	4,052	100,094
Proceeds received from exercise of employee share options (Vornado stock options) and other	885	899	5,862
Repurchase of shares / Class A units related to stock compensation agreements and related tax withholdings and other	(85)	(1,567)	(137)
Purchase of marketable securities in connection with defeasance of mortgage payable	0	(973,729)	0
Redemption of preferred shares / units	0	(300,000)	0
Proceeds from the issuance of preferred shares / units	0	291,153	291,182
Moynihan Train Hall reimbursement from Empire State Development	0	0	395,051
Net cash used in financing activities	(801,274)	(29,477)	(213,202)
Net (decrease) increase in cash and cash equivalents and restricted cash	(909,194)	199,982	123,238
Cash and cash equivalents and restricted cash at beginning of period	1,930,351	1,730,369	1,607,131
Cash and cash equivalents and restricted cash at end of period	1,021,157	1,930,351	1,730,369
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	1,760,225	1,624,482	1,515,012
Restricted cash at beginning of period	170,126	105,887	92,119
Cash and cash equivalents and restricted cash at beginning of period	1,930,351	1,730,369	1,607,131
Cash and cash equivalents at end of period	889,689	1,760,225	1,624,482
Restricted cash at end of period	131,468	170,126	105,887
Cash and cash equivalents and restricted cash at end of period	1,021,157	1,930,351	1,730,369
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest, excluding capitalized interest of $19,085, $38,320 and $40,855	252,371	188,587	210,052
Cash payments for income taxes	7,947	9,155	15,105
Non-Cash Information:
Additional estimated lease liability arising from the recognition of right-of-use asset	350,000	0	0
Write-off of fully depreciated assets	(278,561)	(123,537)	(189,250)
Redeemable Class A unit measurement adjustment	221,145	(76,073)	344,043
Change in fair value of consolidated interest rate swaps and other	190,494	51,337	(29,972)
Accrued capital expenditures included in accounts payable and accrued expenses	104,750	291,690	117,641
Reclassification of condominium units from "development costs and construction in progress" to "220 Central Park South condominium units ready for sale"	32,604	16,014	388,280
Increase in assets and liabilities resulting from the consolidation of One Park Avenue:
Marketable securities transferred in connection with the defeasance of mortgage payable	0	(973,729)	0
Defeasance of mortgage payable	0	950,000	0
Reclassification of assets held for sale (included in "other assets")	0	80,005	0
Vornado Realty L.P. | One Park Avenue
Increase in assets and liabilities resulting from the consolidation of One Park Avenue:
Real estate	0	566,013	0
Identified intangible assets	0	139,545	0
Mortgages payable	0	525,000	0
Deferred revenue	0	18,884	0
Vornado Realty L.P. | Moynihan Train Hall
Decrease in assets and liabilities resulting from the deconsolidation of Moynihan Train Hall:
Real estate, net	0	0	(1,291,804)
Moynihan Train Hall Obligation	$ 0	$ 0	$ (1,291,804)

Consolidated Statements of Ca_4

Consolidated Statements of Cash Flows (Parentheticals) (LP) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Capitalized interest	$ 19,085	$ 38,320	$ 40,855
Vornado Realty L.P.
Capitalized interest	$ 19,085	$ 38,320	$ 40,855
One Park Avenue
Equity method ownership percentage	45%
Working capital, net	$ 5,806
Cash and restricted cash	$ 39,370
One Park Avenue | Vornado Realty L.P.
Equity method ownership percentage	45%
Working capital, net	$ 5,806
Cash and restricted cash	$ 39,370

Organization and Business

Organization and Business	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Organization and Business 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. (the “Operating Partnership”), a Delaware limited partnership. Accordingly, Vornado’s cash flow and ability to pay dividends to its shareholders are dependent upon the cash flow of the Operating Partnership and the ability of its direct and indirect subsidiaries to first satisfy their obligations to creditors. Vornado is the sole general partner of and owned approximately 92% of the common limited partnership interest in the Operating Partnership as of December 31, 2022. All references to the “Company,” “we,” “us” and “our” mean, collectively, Vornado, the Operating Partnership and those subsidiaries consolidated by Vornado. We currently own all or portions of: New York: • 62 Manhattan operating properties consisting of: • 19.9 million square feet of office space in 30 of the properties; • 2.6 million square feet of street retail space in 56 of the properties; • 1,664 units in six Manhattan residential properties; • Multiple development sites, including 350 Park Avenue and the Hotel Pennsylvania site; • A 32.4% interest in Alexander’s, Inc. (“Alexander’s”) (NYSE: ALX), which owns six properties in the greater New York metropolitan area, including 731 Lexington Avenue, the 1.1 million square foot Bloomberg, L.P. headquarters building, and The Alexander, a 312-unit apartment tower in Queens; • Signage throughout the Penn District and Times Square; and • Building Maintenance Services LLC ("BMS"), a wholly owned subsidiary, which provides cleaning and security services for our buildings and third parties. Other Real Estate and Investments: • The 3.7 million square foot theMART in Chicago; • A 70% controlling interest in 555 California Street, a three-building office complex in San Francisco’s financial district aggregating 1.8 million square feet; and

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis Of Presentation And Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements include the accounts of Vornado and the Operating Partnership and their consolidated subsidiaries. All inter-company amounts have been eliminated. Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which require us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. In addition, certain prior year balances have been reclassified in order to conform to the current period presentation. Recently Issued Accounting Literature In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-04 establishing Accounting Standards Codification ("ASC") Topic 848, Reference Rate Reform, and in January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope (collectively, "ASC 848"). ASC 848 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASC 848 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. In December 2022, the FASB issued ASU 2022-06, Deferral of the Sunset Date of Topic 848 (“ASU 2022-06”) which was issued to defer the sunset date of ASC 848 to December 31, 2024. ASU 2022-06 is effective immediately for all companies. ASU 2022-06 will have no impact on the Company’s consolidated financial statements for the year ended December 31, 2022. We continue to evaluate the impact of ASC 848 and may apply other elections as applicable as additional changes in the market occur. 2. Basis of Presentation and Significant Accounting Policies - continued Recently Issued Accounting Literature - continued In August 2020, the FASB issued an update ("ASU 2020-06") Debt - Debt with Conversion and Other Options (ASC Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (ASC 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 adopted this update effective January 1, 2022 using the modified retrospective approach which did not have a material impact on our consolidated financial statements and disclosures. 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"). ASU 2021-05 provides additional ASC 842 classification guidance as it relates to a lessor's accounting for certain leases with variable lease payments. ASU 2021-05 requires a lessor to classify a lease with variable payments that do not depend on an index or rate as an operating lease if either a sales-type lease or direct financing lease classification would trigger a day-one loss. ASU 2021-05 is effective for reporting periods beginning after December 15, 2021, with early adoption permitted. We adopted this update effective January 1, 2022 which did not have an impact on our consolidated financial statements and disclosures. Significant Accounting Policies Real Estate: Real estate is carried at cost, net of accumulated depreciation and amortization. Betterments, major renewals and certain costs directly related to the improvement and leasing of real estate are capitalized. Maintenance and repairs are expensed as incurred. For redevelopment of existing operating properties, the net book value of the existing property under redevelopment plus the cost for the construction and improvements incurred in connection with the redevelopment, including interest and debt expense, are capitalized to the extent the capitalized costs of the property do not exceed the estimated fair value of the redeveloped property when complete. If the cost of the redeveloped property, including the net book value of the existing property, exceeds the estimated fair value of the redeveloped property, the excess is charged to expense. Depreciation is recognized on a straight-line basis over the estimated useful lives of these assets which range from 7 to 40 years. Tenant allowances are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Upon the acquisition of real estate, we assess whether the transaction should be accounted for as an asset acquisition or as a business combination. Acquisitions of integrated sets of assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. Our acquisitions of real estate generally will not meet the definition of a business because substantially all of the fair value is concentrated in a single identifiable asset or group of similar identifiable assets (i.e. land, buildings, and related identified intangible assets). We assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above and below-market leases, acquired in-place leases and tenant relationships) and acquired liabilities and we allocate the purchase price based on these assessments which are on a relative fair value basis. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We amortize identified intangibles that have finite lives over the period they are expected to contribute directly or indirectly to the future cash flows of the property or business acquired. Our properties, including any related right-of-use ("ROU") assets and intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Impairment analyses are based on information available at the time the analyses are prepared. Estimates of future cash flows are subjective and are based, in part, on assumptions regarding future rental revenues, operating expenses, capital expenditures, discount rates and capitalization rates which could differ materially from actual results. 2. Basis of Presentation and Significant Accounting Policies - continued Significant Accounting Policies - continued Partially Owned Entities: We consolidate entities in which we have a controlling financial interest. In determining whether we have a controlling financial interest in a partially owned entity and the requirement to consolidate the accounts of that entity, we consider (i) whether the entity is a variable interest entity (“VIE”) in which we are the primary beneficiary or (ii) whether the entity is a voting interest entity in which we have a majority of the voting interests of the entity. We are deemed to be the primary beneficiary of a VIE when we have (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. We generally do not control a partially owned entity if the approval of all of the partners/members is contractually required with respect to decisions that most significantly impact the performance of the partially owned entity. This includes decisions regarding operating/capital budgets, and the placement of new or additional financing secured by the assets of the venture, among others. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments are initially recorded at cost and subsequently adjusted for our share of net income or loss and cash contributions and distributions each period. Equity investments that do not qualify for consolidation or equity method accounting are recorded at fair value in accordance with ASC Topic 321, Investments-Equity Securities ("ASC 321") or, if fair value is not readily determinable, are initially recognized at cost and subsequently remeasured if there is an orderly transaction in an identical or similar investment of the same issuer or if the investment is impaired. Investments in unconsolidated partially owned entities are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recorded when there is a decline in the fair value of an investment below its carrying value and we conclude that the decline is other-than-temporary during our intended holding period. An impairment loss is measured based on the excess of the carrying amount of an investment over its estimated fair value. Impairment analyses are based on information available at the time the analyses are prepared. Estimates of future cash flows are subjective and are based, in part, on assumptions regarding future rental revenues, operating expenses, capital expenditures, discount rates and capitalization rates which could differ materially from actual results. 220 Central Park South Condominium Units Ready For Sale: Our 220 Central Park South (“220 CPS”) residential condominium units are reclassified from “development costs and construction in progress” to “220 Central Park South condominium units ready for sale” upon receipt of the unit’s temporary certificate of occupancy. These units are substantially complete and ready for sale. Each unit is carried at the lower of its carrying amount or fair value less costs to sell. We have used the relative sales value method to allocate costs to individual condominium units. GAAP income is recognized when legal title transfers upon closing of the condominium unit sales and is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. As of December 31, 2022 and 2021, none of the 220 CPS condominium units ready for sale had a carrying value that exceeded fair value. Cash and Cash Equivalents: Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less and are carried at cost, which approximates fair value due to their short-term maturities. The majority of our cash and cash equivalents consists of (i) deposits at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit and (ii) Certificate of Deposits placed through an Account Registry Service. Restricted Cash: Restricted cash consists of security deposits, cash restricted for the purposes of facilitating a Section 1031 Like-Kind exchange, cash restricted in connection with our deferred compensation plan and cash escrowed under loan agreements, including for debt service, real estate taxes, property insurance and capital improvements. Investments in U.S. Treasury Bills : Treasury bills are short-term debt obligations with maturities of one year or less issued by the U.S. Treasury Department and backed by the U.S. Government. Treasury bills yield no interest, but are issued at a discount to the redemption price. We classify our investments in U.S. Treasury bills as available-for-sale debt investments. We use quoted market prices to determine the fair value of our investments in U.S. Treasury bills. Deferred Charges: Direct financing costs are deferred and amortized over the terms of the related agreements as a component of interest expense. Direct and incremental costs related to successful leasing activities are capitalized and amortized on a straight-line basis over the lives of the related leases. All other deferred charges are amortized on a straight-line basis, which approximates the effective interest rate method, in accordance with the terms of the agreements to which they relate. 2. Basis of Presentation and Significant Accounting Policies - continued Significant Accounting Policies - continued Revenue Recognition: • Rental revenues include revenues from the leasing of space at our properties to tenants, trade shows, tenant services and parking garage revenues. • Revenues from the leasing of space at our properties to tenants include (i) lease components, including fixed and variable lease payments, and nonlease components which include reimbursement of common area maintenance expenses, and (ii) reimbursement of real estate taxes and insurance expenses. As lessor, we have elected to combine the lease and nonlease components of our operating lease agreements and account for the components as a single lease component in accordance with ASC 842. • Revenues from fixed lease payments for operating leases are recognized on a straight-line basis over the non-cancelable term of the lease, together with renewal options that are reasonably certain of being exercised. We commence revenue recognition when the tenant takes possession of the leased space and the leased space is substantially ready for its intended use. • Revenues derived from the reimbursement of real estate taxes, insurance expenses and common area maintenance expenses are generally recognized in the same period as the related expenses are incurred. • We recognize amortization of acquired below-market leases as an increase to rental revenues and amortization of acquired above-market leases as a decrease to rental revenues over the term of the lease (see Note 8 - Identified Intangible Assets and Liabilities ). • Revenues from the operation of trade shows at our properties, primarily derived from booth rentals, are recognized when the trade show booths are made available for use by the exhibitors, in accordance with ASC 842. • Revenues derived from sub-metered electric, elevator, trash removal and other services provided to our tenants at their request are recognized as the services are transferred in accordance with ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"). • Revenues derived from the operations of our parking facilities, which charge hourly or monthly fees to provide parking services to customers, are recognized as the services are transferred in accordance with ASC 606. • We classify revenues derived from management, leasing and other contractual agreements (including BMS cleaning, engineering and security services) with third parties or with partially owned entities as “fee and other income” and recognize revenue as the services are transferred in accordance with ASC 606. We evaluate on an individual lease basis whether it is probable that we will collect substantially all amounts due from our tenants and recognize changes in the collectability assessment of our operating leases as adjustments to rental revenue. Management exercises judgment in assessing collectability of tenant receivables and considers payment history, current credit status and publicly available information about the financial condition of the tenant, the impact of COVID-19 on tenants' businesses, and other factors. Tenant receivables, including receivables arising from the straight-lining of rents, are written off when management deems that the collectability of substantially all future lease payments from a specific lease is not probable of collection, at which point, the Company will limit future rental revenues to cash received. We have made a policy election in accordance with the FASB Staff Q&A which provides relief in accounting for leases during the COVID-19 pandemic, allowing us to continue recognizing rental revenue on a straight-line basis for rent deferrals, with no impact to revenue recognition, and to recognize rent abatements as a reduction to rental revenue in the period granted. 2. Basis of Presentation and Significant Accounting Policies - continued Significant Accounting Policies - continued Income Taxes: Vornado operates in a manner intended to enable it to continue to qualify as a REIT under Sections 856‑860 of the Internal Revenue Code of 1986, as amended. Under those sections, a REIT which distributes at least 90% of its REIT taxable income as a dividend to its shareholders each year and which meets certain other conditions will not be taxed on that portion of its taxable income which is distributed to its shareholders. Vornado distributes to its shareholders 100% of its REIT taxable income and therefore, no provision for Federal income taxes is required. Dividends distributed for the year ended December 31, 2022 were characterized, for federal income tax purposes, as ordinary income under Section 199A of the Internal Revenue Code. Dividends distributed for the year ended December 31, 2021 were characterized for federal income tax purposes as 84.2% ordinary income under Section 199A of the Internal Revenue Code and 15.8% qualified dividend income (taxed as long-term capital gain). Dividends distributed for the year ended December 31, 2020 were characterized for federal income tax purposes as ordinary income under Section 199A of the Internal Revenue Code. We have elected to treat certain consolidated subsidiaries, and may in the future elect to treat newly formed subsidiaries, as taxable REIT subsidiaries pursuant to an amendment to the Internal Revenue Code that became effective January 1, 2001. Taxable REIT subsidiaries may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to Federal and State income tax at regular corporate tax rates. The Farley Building and our 220 CPS condominium project are held through taxable REIT subsidiaries. As of December 31, 2022 and 2021, our taxable REIT subsidiaries had deferred tax assets, net of valuation allowances, of $7,944,000 and $8,582,000, respectively, which are included in “other assets” on our consolidated balance sheets. As of December 31, 2022 and 2021, our taxable REIT subsidiaries had deferred tax liabilities of $54,597,000 and $40,591,000, respectively, which are included in "other liabilities" on our consolidated balance sheets. The deferred tax assets relate to net operating loss carry forwards and temporary differences between the book and tax basis of our assets. The deferred tax liabilities relate to temporary differences between the book and tax basis of our assets. As of December 31, 2022, our taxable REIT subsidiaries have an estimated $166,000,000 of federal net operating loss ("NOL") carryforwards and $208,000,000 of state and local NOL carryforwards, which are reduced by valuation allowances of $145,000,000 for federal NOL carryforwards and $186,000,000 for state and local NOL carryforwards. The NOL carryforwards are subject to certain limitations. For the year ended December 31, 2022, we recognized $21,660,000 of income tax expense based on a negative effective tax rate of approximately 6.0%. For the years ended December 31, 2021 and 2020, we recognized $10,496,000 of income tax benefit and $36,630,000 of income tax expense, based on negative effective tax rates of approximately 5.3% and 8.6%, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2022 included $13,665,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $10,868,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2020 included $49,221,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2022 and 2021. The Operating Partnership’s partners are required to report their respective share of taxable income on their individual tax returns. The estimated taxable income attributable to Vornado common shareholders (unaudited) for the years ended December 31, 2022, 2021 and 2020 was approximately $398,644,000, $413,026,000, and $419,812,000, respectively. The book to tax differences between net (loss) income and estimated taxable income primarily result from differences in the income recognition or deductibility of depreciation and amortization, gain or loss from the sale of real estate and other capital transactions, impairment losses, straight-line rent adjustments, stock option expense and repairs expense related to the tangible property regulations. The net basis of Vornado’s assets and liabilities for tax reporting purposes is approximately $1.6 billion lower than the amounts reported in Vornado’s consolidated balance sheet as of December 31, 2022.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2022
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 years ended December 31, 2022, 2021 and 2020 is set forth in Note 23 - Segment Information. (Amounts in thousands) For the Year Ended December 31, 2022 Total New York Other Property rentals $ 1,510,648 $ 1,230,851 $ 279,797 Trade shows (1) 32,669 — 32,669 Lease revenues (2) 1,543,317 1,230,851 312,466 Tenant services 45,211 33,351 11,860 Parking revenues 19,157 15,979 3,178 Rental revenues 1,607,685 1,280,181 327,504 BMS cleaning fees 137,673 146,530 (8,857) (3) Management and leasing fees 11,039 11,645 (606) Other income 43,598 11,086 32,512 Fee and other income 192,310 169,261 23,049 Total revenues $ 1,799,995 $ 1,449,442 $ 350,553 ____________________ See notes on following page. (Amounts in thousands) For the Year Ended December 31, 2021 Total New York Other Property rentals $ 1,354,209 $ 1,071,816 $ 282,393 Trade shows (1) 19,482 — 19,482 Lease revenues (2) 1,373,691 1,071,816 301,875 Tenant services 37,449 26,048 11,401 Parking revenues 13,391 11,370 2,021 Rental revenues 1,424,531 1,109,234 315,297 BMS cleaning fees 119,780 126,891 (7,111) (3) Management and leasing fees 11,725 12,177 (452) Other income 33,174 9,297 23,877 Fee and other income 164,679 148,365 16,314 Total revenues $ 1,589,210 $ 1,257,599 $ 331,611 ____________________ See notes on following page. 3. Revenue Recognition - continued (Amounts in thousands) For the Year Ended December 31, 2020 Total New York Other Property rentals $ 1,323,347 $ 1,051,009 $ 272,338 Hotel Pennsylvania (4) 8,741 8,741 — Trade shows (1) 11,303 — 11,303 Lease revenues (2) 1,343,391 1,059,750 283,641 Tenant services 34,244 23,750 10,494 Rental revenues 1,377,635 1,083,500 294,135 BMS cleaning fees 105,536 112,112 (6,576) (3) Management and leasing fees 19,416 19,508 (92) Other income 25,364 6,628 18,736 Fee and other income 150,316 138,248 12,068 Total revenues $ 1,527,951 $ 1,221,748 $ 306,203 ________________________________________ (1) 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. (2) The components of lease revenues were as follows: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Fixed billings $ 1,376,527 $ 1,277,645 $ 1,292,174 Variable billings 122,947 108,850 126,907 Total contractual operating lease billings 1,499,474 1,386,495 1,419,081 Adjustment for straight-line rents and amortization of acquired below-market leases and other, net 44,715 (5,109) (12,486) Less: write-off of straight-line rent and tenant receivables deemed uncollectible (872) (7,695) (63,204) Lease revenues $ 1,543,317 $ 1,373,691 $ 1,343,391 (3) Represents the elimination of BMS cleaning fees related to theMART and 555 California Street which are included as income in the New York segment. (4) We permanently closed the Hotel Pennsylvania on April 5, 2021 and plan to develop an office tower on the site.

Real Estate Fund Investments

Real Estate Fund Investments	12 Months Ended
	Dec. 31, 2022
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. The Fund had an initial eight-year term ending February 2019, which has been extended to December 2023, by which time the Fund intends to dispose of its remaining investments and wind down its business. 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 24.3% interest in the Crowne Plaza Times Square Hotel not owned by the Fund. Through our interests in the Fund and the Crowne Plaza Joint Venture, in total we own an indirect, minority 32.8% interest in the Crowne Plaza Times Square Hotel. 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. As of December 31, 2022, our total investment in the Crowne Plaza Times Square Hotel had a carrying value of zero on our consolidated balance sheet. On June 9, 2020, the Fund and the Crowne Plaza Joint Venture (collectively, the “Crowne Plaza Co-Investors”) defaulted on the $274,355,000 non-recourse loan on the Crowne Plaza Times Square Hotel. 4. Real Estate Fund Investments - continued In 2021, the mezzanine lender to the Crowne Plaza Co-Investors exercised its right under the loan documents and appointed an independent director to certain subsidiaries of the Crowne Plaza Co-Investors. Since then, neither we nor the Fund control Crowne Plaza Times Square Hotel nor have we or the Fund been involved in making any operating decisions relating to Crowne Plaza Times Square Hotel. In December 2022, the Fund entered into a Restructuring Support Agreement with certain subsidiaries and the lender of the loan on the Crowne Plaza Times Square Hotel, pursuant to which the independent director caused the subsidiaries to enter into a Chapter 11 bankruptcy restructuring process and the Fund agreed to work consensually with such subsidiaries and the lender to effectuate a transfer of ownership of the hotel property through a court supervised auction process, or an equitization of the secured loans held by the lender. We expect that, following the Chapter 11 restructuring, neither we nor the Fund will have any continuing ownership or other interest in the property and neither we nor the Fund will receive any proceeds or have any liability as a result of the restructuring. On May 20, 2022, 1100 Lincoln Road was conveyed to the lender pursuant to a deed-in-lieu of foreclosure agreement in exchange for a $5,672,000 payment to the Fund. From the inception of this investment through its disposition, the Fund realized a $54,255,000 net loss. As of December 31, 2022, we had two real estate fund investments through the Fund and the Crowne Plaza Joint Venture carried at zero on our consolidated balance sheet, $276,390,000 below cost, and had remaining unfunded commitments of $28,465,000, of which our share was $8,849,000. As of December 31, 2021, we had three real estate fund investments with an aggregate fair value of $7,730,000. Below is a summary of income (loss) from the Fund and the Crowne Plaza Joint Venture. (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Previously recorded unrealized loss on exited investments $ 59,396 $ — $ — Realized (loss) income on exited investments (54,255) 1,364 — Net unrealized (loss) income on held investments (7,730) 3,257 (226,107) Net investment income (loss) 6,130 6,445 (220) Income (loss) from real estate fund investments 3,541 11,066 (226,327) Less (income) loss attributable to noncontrolling interests in consolidated subsidiaries (1,870) (7,309) 163,213 Income (loss) from real estate fund investments net of noncontrolling interests in consolidated subsidiaries $ 1,671 $ 3,757 $ (63,114) The table below summarizes the changes in the fair value of the Fund and the Crowne Plaza Joint Venture. (Amounts in thousands) For the Year Ended December 31, 2022 2021 Beginning balance $ 7,730 $ 3,739 Previously recorded unrealized loss on exited investments 59,396 — Realized (loss) income on exited investments (54,255) 1,364 Net unrealized (loss) income on held investments (7,730) 3,257 Dispositions (5,141) (5,104) Purchases/additional fundings — 4,474 Ending balance $ — $ 7,730

Investments in Partially Owned

Investments in Partially Owned Entities	12 Months Ended
	Dec. 31, 2022
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 December 31, 2022, 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 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. Fifth Avenue and Times Square JV was formed in April 2019, when we contributed our interests in the Properties to the joint venture and transferred a 48.5% common interest in the joint venture to the Investors (the “Transaction”). The Transaction valued the Properties at $5.556 billion, resulting in a $2.571 billion net gain, before noncontrolling interests of $11,945,000, including a gain related to the step up in our basis of the retained portion of the assets to fair value. During 2020, Manhattan street retail suffered negative market conditions, which was further stressed by the COVID-19 pandemic, resulting in our recognition of other-than-temporary impairment losses of $413,349,000, before noncontrolling interests of $4,289,000, for the year ended December 31, 2020. While the Manhattan street retail market has since stabilized, the recovery of rental rates is likely to be further elongated and stabilize at lower levels than previously expected. These factors have resulted in a further decline in the value of our investment, which we determined was other-than-temporary based on our inability to forecast a recovery over our anticipated holding period. Accordingly, we recognized an impairment loss of $489,859,000, before noncontrolling interests of $6,822,000, for the year ended December 31, 2022 which is included in “(loss) income from partially owned entities” on our consolidated statements of income. In determining the fair value of our investment, we considered, among other factors, a discounted cash flow analysis based upon market conditions and expectations of growth. As of December 31, 2022, 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 $864,317,000, the basis difference primarily resulting from the non-cash impairment losses discussed above. 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. We receive an annual fee for managing the Properties equal to 2% of the gross revenues from the Properties. In addition, we are entitled to a development fee of 5% of development costs, plus reimbursement of certain costs, for development projects performed by us. We are entitled to 1.5% of development costs, plus reimbursement of certain costs, as a supervisory fee for development projects not performed by us. We provide leasing services for fees calculated based on a percentage of rents, less any commissions paid to third-party real estate brokers, if applicable. We jointly provide leasing services for the retail space with Crown Retail Services LLC, and exclusively provide leasing services for the office space. We recognized property management fee income, included in "fee and other income" on our consolidated statements of income, of $4,397,000, $4,297,000 and $3,982,000 for the years ended December 31, 2022, 2021 and 2020, respectively. BMS, our wholly-owned subsidiary, supervises cleaning, security and engineering services at certain of the Properties. We recognized income for these services, included in "fee and other income" on our consolidated statements of income, of $4,571,000, $3,993,000 and $3,595,000 for the years ended December 31, 2022, 2021 and 2020, respectively. We believe, based on comparable fees charged by other real estate companies, that the fees described above are consistent with the market. On April 18, 2022, we received a $13,613,000 refund of New York City real property transfer tax that we previously paid in connection with the transfer of the Properties to Fifth Avenue and Times Square JV in April 2019. The receipt of the refund was recognized in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income for the year ended December 31, 2022. 5. Investments in Partially Owned Entities - continued Fifth Avenue and Times Square JV - continued On December 21, 2022, the 697-703 Fifth Avenue $450,000,000 non-recourse mortgage loan matured and was not repaid, at which time the lenders declared an event of default. During December 2022, $29,000,000 of property-level funds were applied by the lenders against the principal balance resulting in a $421,000,000 loan balance as of December 31, 2022. The loan bears default interest at the Prime Rate plus 1.00% (8.50% as of December 31, 2022). The Fifth Avenue and Times Square JV is in negotiations with the lenders regarding a restructuring but there can be no assurance as to the timing and ultimate resolution of these negotiations. Alexander’s, Inc As of December 31, 2022, 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. As of December 31, 2022 and 2021, Alexander’s owed us an aggregate of $801,000 and $879,000, respectively, pursuant to such agreements. As of December 31, 2022, 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 December 31, 2022 closing share price of $220.06, was $363,994,000, or $276,198,000 in excess of the carrying amount on our consolidated balance sheet. As of December 31, 2022, the carrying amount of our investment in Alexander’s, excluding amounts owed to us, exceeds our share of the equity in the net assets of Alexander’s by approximately $29,972,000. 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. Management, Development, Leasing and Other Agreements We receive an annual fee for managing Alexander’s and all of its properties equal to the sum of (i) $2,800,000, (ii) 2% of the gross revenue from the Rego Park II Shopping Center, (iii) $0.50 per square foot of the tenant-occupied office and retail space at 731 Lexington Avenue, and (iv) $354,000, escalating at 3% per annum, for managing the common area of 731 Lexington Avenue. In addition, we are entitled to a development fee of 6% of development costs, as defined. We provide Alexander’s with leasing services for a fee of 3% of rent for the first ten years of a lease term, 2% of rent for the eleventh through twentieth year of a lease term and 1% of rent for the twenty-first through thirtieth year of a lease term, subject to the payment of rents by Alexander’s tenants. In the event third-party real estate brokers are used, our fee increases by 1% and we are responsible for the fees to the third-parties. We are also entitled to a commission upon the sale of any of Alexander’s assets equal to 3% of gross proceeds, as defined, for asset sales less than $50,000,000, and 1% of gross proceeds, as defined, for asset sales of $50,000,000 or more. BMS, our wholly-owned subsidiary, supervises (i) cleaning, engineering and security services at Alexander’s 731 Lexington Avenue property and (ii) security services at Alexander’s Rego Park I, Rego Park II properties and The Alexander apartment tower. During the years ended December 31, 2022, 2021 and 2020, we recognized $4,601,000, $4,234,000 and $3,613,000 of income, respectively, for these services. 330 West 34th Street land owner joint venture On August 18, 2022, the joint venture that owns the fee interest in the 330 West 34th Street land, in which we have a 34.8% interest, completed a $100,000,000 refinancing. The interest-only loan bears interest at a fixed rate of 4.55% and matures in September 2032. In connection with the refinancing, we realized net proceeds of $10,500,000. The loan replaces the previous $50,150,000 loan that bore interest at a fixed rate of 5.71%. 5. Investments in Partially Owned Entities – continued Below is a schedule of our investments in partially owned entities. (Amounts in thousands) Percentage Ownership at December 31, 2022 Balance as of December 31, 2022 2021 Investments: Fifth Avenue and Times Square JV (see page 89 51.5% $ 2,272,320 $ 2,770,633 Partially owned office buildings/land (1) Various 182,180 299,101 Alexander’s (see page 90 32.4% 87,796 91,405 Other investments (2) Various 122,777 136,250 $ 2,665,073 $ 3,297,389 Investments in partially owned entities included in other liabilities (3) : 7 West 34th Street 53.0% $ (65,522) $ (60,918) 85 Tenth Avenue 49.9% (16,006) (18,067) $ (81,528) $ (78,985) ________________________________________ (1) Includes interests in 280 Park Avenue, 650 Madison Avenue (balance reduced to zero in 2022), 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. Below is a schedule of (loss) income from partially owned entities. (Amounts in thousands) Percentage Ownership at December 31, 2022 For the Year Ended December 31, 2022 2021 2020 Our share of net (loss) income: Fifth Avenue and Times Square JV (see page 89 Non-cash impairment loss 51.5% $ (489,859) $ — $ (413,349) Equity in net income (1) 55,248 47,144 21,063 Return on preferred equity, net of our share of the expense 37,416 37,416 37,357 (397,195) 84,560 (354,929) Alexander's (see page 90 Equity in net income (2) 32.4% 18,439 20,116 13,326 Net gain on sale of land — 14,576 — Management, leasing and development fees 4,534 5,429 5,309 22,973 40,121 18,635 Partially owned office buildings (3) Various (110,261) 6,384 11,943 Other investments (4) Various 23,132 (548) (4,761) $ (461,351) $ 130,517 $ (329,112) ________________________________________ (1) Our share of depreciation and amortization expense in 2022 and 2021 was reduced compared to 2020 primarily due to non-cash impairment losses recognized in 2020. (2) 2020 includes our $4,846 share of write-offs of lease receivables deemed uncollectible. (3) Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue (consolidated from August 5, 2021), 7 West 34th Street, 512 West 22nd Street, 61 Ninth Avenue, 85 Tenth Avenue and others. 2022 includes a $93,353 impairment loss on our investment in 650 Madison Avenue. (4) Includes interests in Independence Plaza, Rosslyn Plaza and others. 2022 includes $17,185 of net gains from dispositions of two investments. 5. Investments in Partially Owned Entities - continued Below is a summary of the debt of our partially owned entities. (Amounts in thousands) Percentage Ownership at December 31, 2022 Maturity Weighted Average Interest Rate at December 31, 2022 (1) 100% Partially Owned Entities’ Debt (2) at December 31, 2022 2021 Mortgages Payable: Partially owned office buildings (3) Various 2023-2029 4.82% $ 3,288,977 $ 3,297,999 Alexander's 32.4% 2024-2027 4.12% 1,096,544 1,096,544 Fifth Avenue and Times Square JV (4) 51.5% 2022-2024 5.55% 921,000 950,000 Other (5) Various 2023-2032 5.14% 1,377,492 1,342,162 ________________________________________ (1) Represents the interest rate in effect as of period end based on the appropriate reference rate as of the contractual reset date plus contractual spread, adjusted for hedging instruments, as applicable. (2) All amounts are non-recourse to us except (i) the $500,000 mortgage loan on 640 Fifth Avenue, included in the Fifth Avenue and Times Square JV, and (ii) the $300,000 mortgage loan on 7 West 34th Street. (3) Includes interests in 280 Park Avenue, 650 Madison Avenue, 7 West 34th Street, 512 West 22nd Street, 61 Ninth Avenue, 85 Tenth Avenue and others. (4) Includes the 697-703 Fifth Avenue mortgage loan which was not repaid upon its December 2022 maturity, resulting in an event of default. See page 90 (5) Includes interests in Independence Plaza, Rosslyn Plaza and others. Based on our ownership interest in the partially owned entities above, our pro rata share of the debt of these partially owned entities was $2,697,226,000 and $2,699,405,000 as of December 31, 2022 and 2021, respectively. Summary of Condensed Combined Financial Information The following is a summary of condensed combined financial information for all of our partially owned entities. (Amounts in thousands) As of December 31, 2022 2021 Balance Sheet: Assets $ 12,012,000 $ 12,689,000 Liabilities 7,519,000 7,553,000 Noncontrolling interests 2,095,000 2,069,000 Equity 2,398,000 3,067,000 (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Income Statement: Total revenue $ 1,189,000 $ 1,184,000 $ 1,163,000 Net (loss) income (404,000) 190,000 45,000 Net (loss) income attributable to the entities (483,000) 114,000 (33,000)

220 Central Park South

220 Central Park South	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
220 Central Park South	220 Central Park South During the year ended December 31, 2022, we closed on the sale of three condominium units and ancillary amenities at 220 CPS for net proceeds of $88,019,000 resulting in a financial statement net gain of $41,874,000 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, $6,016,000 of income tax expense was recognized on our consolidated statements of income. From inception to December 31, 2022, we have closed on the sale of 109 units and ancillary amenities for net proceeds of $3,094,915,000 resulting in financial statement net gains of $1,159,129,000. As of December 31, 2022, we are 97% sold.

Dispositions

Dispositions	12 Months Ended
	Dec. 31, 2022
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Dispositions	Dispositions SoHo Properties On January 13, 2022, we sold two Manhattan retail properties located at 478-482 Broadway and 155 Spring Street for $84,500,000 and realized net proceeds of $81,399,000. In connection with the sale, we recognized a net gain of $551,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. Center Building (33-00 Northern Boulevard) On June 17, 2022, we sold the Center Building, an eight-story 498,000 square foot office building located at 33‑00 Northern Boulevard in Long Island City, New York, for $172,750,000. We realized net proceeds of $58,946,000 after repayment of the existing $100,000,000 mortgage loan and closing costs. In connection with the sale, we recognized a net gain of $15,213,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. 484-486 Broadway On December 15, 2022, we sold 484-486 Broadway, a 30,000 square foot retail and residential building for $23,520,000, and realized net proceeds of $22,430,000. In connection with the sale, we recognized a net gain of $2,919,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. 40 Fulton Street On December 21, 2022, we sold 40 Fulton Street, a 251,000 square foot Manhattan office and retail building, for $101,000,000, and realized net proceeds of $96,566,000. In connection with the sale, we recognized a net gain of $31,876,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income.

Identified Intangible Assets an

Identified Intangible Assets and Liabilities	12 Months Ended
	Dec. 31, 2022
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 December 31, 2022 2021 Identified intangible assets: Gross amount $ 237,777 $ 252,081 Accumulated amortization (98,139) (97,186) Total, net $ 139,638 $ 154,895 Identified intangible liabilities (included in deferred revenue): Gross amount $ 244,396 $ 256,065 Accumulated amortization (208,592) (212,245) Total, net $ 35,804 $ 43,820 Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental revenues of $5,178,000, $9,249,000 and $16,878,000 for the years ended December 31, 2022, 2021 and 2020, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2023 is below: (Amounts in thousands) 2023 $ 5,471 2024 2,352 2025 941 2026 299 2027 (148) Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $10,516,000, $7,330,000 and $6,507,000 for the years ended December 31, 2022, 2021 and 2020, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2023 is below: (Amounts in thousands) 2023 $ 7,948 2024 7,128 2025 6,077 2026 5,884 2027 5,449

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Secured Debt On June 15, 2022, we completed a $480,000,000 refinancing of 100 West 33rd Street, a 1.1 million square foot building comprised of 859,000 square feet of office space and 255,000 square feet of retail space. The interest-only loan bears a rate of SOFR plus 1.65% (5.96% as of December 31, 2022) through March 2024, increasing to SOFR plus 1.85% thereafter. The interest rate on the loan was swapped to a fixed rate of 5.06% through March 2024, and 5.26% through June 2027. The loan matures in June 2027, with two one-year extension options subject to debt service coverage ratio and loan-to-value tests. The loan replaces the previous $580,000,000 loan that bore interest at LIBOR plus 1.55% and was scheduled to mature in April 2024. On June 28, 2022, we completed a $700,000,000 refinancing of 770 Broadway, a 1.2 million square foot Class A Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.25% (6.48% as of December 31, 2022) and matures in July 2024 with three one-year extension options (July 2027 as fully extended). The interest rate on the loan was swapped to a fixed rate of 4.98% through July 2027. The loan replaces the previous $700,000,000 loan that bore interest at SOFR plus 1.86% and was scheduled to mature in July 2022. Unsecured Revolving Credit Facility On June 30, 2022, we amended and extended one of our two revolving credit facilities. The $1.25 billion amended facility bears interest at a rate of SOFR plus 1.15% (5.47% as of December 31, 2022). The term of the facility was extended from March 2024 to December 2027, as fully extended. The facility fee is 25 basis points. On August 16, 2022, the interest rate on the $575,000,000 drawn on the facility was swapped to a fixed interest rate of 3.88% through August 2027. Our other $1.25 billion revolving credit facility matures in April 2026, as fully extended, and bears a rate of SOFR plus 1.19% with a facility fee of 25 basis points. Unsecured Term Loan On June 30, 2022, we extended our $800,000,000 unsecured term loan from February 2024 to December 2027. The extended loan bears interest at a rate of SOFR plus 1.30% (5.62% as of December 31, 2022) and is currently swapped to a fixed rate of 4.05%. Interest Rate Hedging Activities We entered into the following interest rate swap arrangements during the year ended December 31, 2022. See Note 13 - Fair Value Measurements for further information on our consolidated hedging instruments. (Amounts in thousands) Notional Amount All-In Swapped Rate Swap Expiration Date Variable Rate Spread 770 Broadway mortgage loan $ 700,000 4.98% 07/27 S+225 Unsecured revolving credit facility 575,000 3.88% 08/27 S+115 Unsecured term loan (1)(2) 50,000 4.04% 08/27 S+130 Unsecured term loan (effective 10/23) (2) 500,000 4.39% 10/26 S+130 100 West 33rd Street mortgage loan 480,000 5.06% 06/27 S+165 888 Seventh Avenue mortgage loan (3) 200,000 4.76% 09/27 S+180 ________________________________________ (1) Together with the existing $750,000 interest rate swap arrangement expiring October 2023, the $800,000 unsecured term loan balance currently bears interest at a fixed rate of 4.05%. (2) On February 7, 2023, we entered into a forward interest rate swap arrangement for $150,000 of the $800,000 unsecured term loan, effective October 2023 and expiring July 2025. (3) The remaining $77,800 amortizing mortgage loan balance bears interest at a floating rate of SOFR plus 1.80%. 9. Debt - continued The following is a summary of our debt: (Amounts in thousands) Weighted Average Interest Rate at December 31, 2022 (1) Balance as of December 31, 2022 2021 Mortgages Payable: Fixed rate 3.63% $ 3,570,000 $ 2,190,000 Variable rate (2) 5.67% 2,307,615 3,909,215 Total 4.43% 5,877,615 6,099,215 Deferred financing costs, net and other (48,597) (45,872) Total, net $ 5,829,018 $ 6,053,343 Unsecured Debt: Senior unsecured notes 3.02% $ 1,200,000 $ 1,200,000 Deferred financing costs, net and other (8,168) (10,208) Senior unsecured notes, net 1,191,832 1,189,792 Unsecured term loan 4.05% 800,000 800,000 Deferred financing costs, net and other (6,807) (2,188) Unsecured term loan, net 793,193 797,812 Unsecured revolving credit facilities 3.88% 575,000 575,000 Total, net $ 2,560,025 $ 2,562,604 ________________________________________ (1) Represents the interest rate in effect as of period end based on the appropriate reference rate as of the contractual reset date plus contractual spread, adjusted for hedging instruments, as applicable. (2) As of December 31, 2022, our variable rate debt is subject to interest rate cap arrangements with a total notional amount of $1,649,120. The interest rate cap arrangements have a weighted average strike rate of 4.14% and a weighted average remaining term of nine months. These amounts exclude the forward cap we entered into in December 2022 for the $525,000 One Park Avenue mortgage loan effective upon the March 2023 expiration of the existing cap. The forward cap has a SOFR strike rate of 3.89% and expires in March 2024. The net carrying amount of properties collateralizing the above indebtedness amounted to $5.6 billion as of December 31, 2022. As of December 31, 2022, the principal maturities of mortgages payable and unsecured debt, including as-of-right extension options, for the next five years and thereafter are as follows: (Amounts in thousands) Mortgages Payable Unsecured Debt Year Ended December 31, 2023 $ 21,600 $ — 2024 396,415 — 2025 854,600 450,000 2026 525,000 400,000 2027 1,580,000 1,375,000 Thereafter 2,500,000 350,000

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interests	12 Months Ended
	Dec. 31, 2022
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. Class A units may be tendered for redemption to the Operating Partnership for cash; Vornado, at its option, may assume that obligation and pay the holder either cash or Vornado common shares on a one-for-one basis. Because the number of Vornado common shares outstanding at all times equals the number of Class A units owned by Vornado, the redemption value of each Class A unit is equivalent to the market value of one Vornado common share, and the quarterly distribution to a Class A unitholder is equal to the quarterly dividend paid to a Vornado common shareholder. 10. Redeemable Noncontrolling Interests - continued Redeemable Noncontrolling Partnership Units - continued Below are the details of redeemable noncontrolling partnership units. (Amounts in thousands, except units and per unit amounts) Balance as of December 31, Units Outstanding as of December 31, Per Unit Preferred or Unit Series 2022 2021 2022 2021 Common: Class A units held by third parties $ 345,157 (1) $ 587,440 (2) 14,416,891 14,033,438 n/a $ 2.12 Perpetual Preferred/Redeemable Preferred: 3.25% D-17 Cumulative Redeemable (3) $ 3,535 $ 3,535 141,400 141,400 $ 25.00 $ 0.8125 ________________________________________ (1) Aggregate redemption value was based on carrying amount. (2) Aggregate redemption value was based on Vornado's year-end closing common share price. (3) Holders may tender units for redemption to the Operating Partnership for cash at their stated redemption amount; Vornado, at its option, may assume that obligation and pay the holders either cash or Vornado preferred shares on a one-for-one basis. These units are redeemable at Vornado's option at any time. Below is a table summarizing the activity of redeemable noncontrolling partnership units. (Amounts in thousands) For the Year Ended December 31, 2022 2021 Beginning balance $ 590,975 $ 511,747 Net (loss) income (30,376) 7,540 Other comprehensive income 14,250 4,048 Distributions (30,311) (29,901) Redemption of Class A units for Vornado common shares, at redemption value (3,524) (14,576) Redeemable Class A unit measurement adjustment (221,145) 76,073 Other, net 28,823 36,044 Ending balance $ 348,692 $ 590,975 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 . Accordingly, the fair value of these units is included as a component of "other liabilities" on our consolidated balance sheets and aggregated $49,383,000 and $49,659,000 as of December 31, 2022 and 2021, 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 completing development of The Farley Building (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. 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 years ended December 31, 2022 and 2021. Below is a table summarizing the activity of the redeemable noncontrolling interest in a consolidated subsidiary. For the Year Ended December 31, (Amounts in thousands) 2022 2021 Beginning balance $ 97,708 $ 94,520 Net (loss) income (9,668) 3,188 Ending balance $ 88,040 $ 97,708

Shareholders' Equity_Partners'

Shareholders' Equity/Partners' Capital	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Shareholders' Equity/Partners' Capital	Shareholders' Equity/Partners' Capital Common Shares (Vornado Realty Trust) As of December 31, 2022, there were 191,866,880 common shares outstanding. During 2022, we paid an aggregate of $406,562,000 of common dividends comprised of quarterly common dividends of $0.53 per share. Class A Units (Vornado Realty L.P.) As of December 31, 2022, there were 191,866,880 Class A units outstanding that were held by Vornado. These units are classified as “partners’ capital” on the consolidated balance sheets of the Operating Partnership. As of December 31, 2022, there were 14,416,891 Class A units outstanding, that were held by third parties. These units are classified outside of “partners’ capital” as “redeemable partnership units” on the consolidated balance sheets of the Operating Partnership (See Note 10 – Redeemable Noncontrolling Interests ). During 2022, the Operating Partnership paid an aggregate of $406,562,000 of distributions to Vornado comprised of quarterly common distributions of $0.53 per unit. Preferred Shares/Units The following table sets forth the details of our preferred shares of beneficial interest and the preferred units of the Operating Partnership outstanding as of December 31, 2022 and 2021. During 2022, preferred dividends were $62,116,000. (Amounts in thousands, except share/unit and per share/per unit amounts) Per Share/Unit Preferred Shares/Units Balance Shares/Units Outstanding Liquidation Annual (1) Convertible Preferred: 6.5% Series A: authorized 12,902 shares/units (2) $ 920 12,902 $ 50.00 $ 3.25 Cumulative Redeemable Preferred (3) : 5.40% Series L: authorized 13,800,000 shares/units 290,306 12,000,000 25.00 1.35 5.25% Series M: authorized 13,800,000 shares/units 308,946 12,780,000 25.00 1.3125 5.25% Series N: authorized 12,000,000 shares/units 291,134 12,000,000 25.00 1.3125 4.45% Series O: authorized 12,000,000 shares/units 291,153 12,000,000 25.00 1.1125 $ 1,182,459 48,792,902 ________________________________________ (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.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2022
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities Unconsolidated VIEs As of December 31, 2022 and 2021, we had 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 5 – Investments in Partially Owned Entities ). As of December 31, 2022 and 2021, the net carrying amount of our investments in these entities was $68,223,000 and $69,435,000, 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 noncontrolling interests. These entities are VIEs because the noncontrolling interests do not have substantive kick-out or participating rights. We consolidate these entities because we control all significant business activities. As of December 31, 2022, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $4,423,995,000 and $2,345,726,000 respectively. As of December 31, 2021, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $4,564,621,000 and $2,517,652,000, respectively.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
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 as well as certain U.S. Treasury securities that are highly liquid and are actively traded in secondary markets; 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) investments in U.S. Treasury bills (classified as available-for-sale), (ii) real estate fund investments, (iii) the assets in our deferred compensation plan (for which there is a corresponding liability on our consolidated balance sheets), (iv) loans receivable for which we have elected the fair value option under ASC Subtopic 825-10, Financial Instruments ("ASC 825-10"), (v) interest rate swaps and caps and (vi) mandatorily redeemable instruments (Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units). The tables below aggregate the fair values of these financial assets and liabilities by their levels in the fair value hierarchy. (Amounts in thousands) As of December 31, 2022 Total Level 1 Level 2 Level 3 Investments in U.S. Treasury bills (1) $ 471,962 $ 471,962 $ — $ — Deferred compensation plan assets ($7,763 included in restricted cash and $88,559 in other assets) 96,322 57,406 — 38,916 Loans receivable ($50,091 included in investments in partially owned entities and $4,306 in other assets) 54,397 — — 54,397 Interest rate swaps and caps (included in other assets) 183,804 — 183,804 — Total assets $ 806,485 $ 529,368 $ 183,804 $ 93,313 Mandatorily redeemable instruments (included in other liabilities) $ 49,383 $ 49,383 $ — $ — (Amounts in thousands) As of December 31, 2021 Total Level 1 Level 2 Level 3 Real estate fund investments $ 7,730 $ — $ — $ 7,730 Deferred compensation plan assets ($9,104 included in restricted cash and $101,070 in other assets) 110,174 65,158 — 45,016 Loans receivable ($46,444 included in investments in partially owned entities and $3,738 in other assets) 50,182 — — 50,182 Interest rate swaps (included in other assets) 18,929 — 18,929 — Total assets $ 187,015 $ 65,158 $ 18,929 $ 102,928 Mandatorily redeemable instruments (included in other liabilities) $ 49,659 $ 49,659 $ — $ — Interest rate swaps (included in other liabilities) 32,837 — 32,837 — Total liabilities $ 82,496 $ 49,659 $ 32,837 $ — ________________________________________ (1) During the year ended December 31, 2022, we purchased $1,066,096 in U.S. Treasury bills with an aggregate par value of $1,077,000 and realized net proceeds of $600,000 from maturing U.S. Treasury bills. As of December 31, 2022, our investments in U.S. Treasury bills have an aggregate accreted cost of $473,171 and have remaining maturities of less than one year. 13. Fair Value Measurements - continued Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued 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 that provide net asset values on a fair value basis from a third-party administrator, which are compiled from the quarterly reports provided to them from each limited partnership and investment fund. 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 Year Ended December 31, 2022 2021 Beginning balance $ 45,016 $ 39,928 Purchases 4,507 5,705 Sales (9,941) (4,766) Realized and unrealized (losses) gains (3,781) 2,250 Other, net 3,115 1,899 Ending balance $ 38,916 $ 45,016 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. As of December 31, Unobservable Quantitative Input 2022 2021 Discount rates 7.5% 6.5% Terminal capitalization rates 5.5% 5.0% The table below summarizes the changes in fair value of loans receivable that are classified as Level 3. For the Year Ended December 31, (Amounts in thousands) 2022 2021 Beginning balance $ 50,182 $ 47,743 Interest accrual 4,748 3,714 Paydowns (533) (1,275) Ending balance $ 54,397 $ 50,182 13. Fair Value Measurements - continued Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued Derivatives and Hedging 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 hedged 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 hedging instruments and hedged items, but will have no effect on cash flows. The following table summarizes our consolidated hedging instruments, all of which hedge variable rate debt, as of December 31, 2022 and 2021, respectively. (Amounts in thousands) Fair Value December 31, As of December 31, 2022 2022 2021 Notional Amount All-In Swapped Rate Swap Expiration Date Interest Rate Swaps: 555 California Street mortgage loan $ 49,888 $ 11,814 $ 840,000 (1) 2.26% 05/24 770 Broadway mortgage loan 29,226 — 700,000 4.98% 07/27 PENN 11 mortgage loan 26,587 6,565 500,000 2.22% 03/24 Unsecured revolving credit facility 24,457 — 575,000 3.88% 08/27 Unsecured term loan 14,694 (28,976) 800,000 4.05% (2) 100 West 33rd Street mortgage loan 6,886 — 480,000 5.06% 06/27 888 Seventh Avenue mortgage loan 6,544 — 200,000 (3) 4.76% 09/27 Unsecured term loan (effective October 2023) 6,330 — 500,000 4.39% 10/26 4 Union Square South mortgage loan 4,050 (3,861) 100,000 (4) 3.74% 01/25 Interest Rate Caps: 1290 Avenue of the Americas mortgage loan 7,590 411 950,000 (5) 11/23 One Park Avenue mortgage loan 5,472 — 525,000 (6) 03/24 Various mortgage loans 2,080 139 Included in other assets $ 183,804 $ 18,929 Included in other liabilities $ — $ 32,837 ________________________________________ (1) Represents our 70.0% share of the $1.2 billion mortgage loan. (2) Comprised of a $750,000 interest rate swap arrangement expiring October 2023 and a $50,000 interest rate swap arrangement expiring August 2027. (3) The remaining $77,800 amortizing mortgage loan balance bears interest at a floating rate of SOFR plus 1.80% (5.92% as of December 31, 2022). (4) Upon the sale of 33-00 Northern Boulevard in June 2022, the $100,000 corporate-level interest rate swap was reallocated and now hedges the interest rate on $100,000 of the 4 Union Square South mortgage loan through January 2025. The remaining $20,000 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50% (5.62% as of December 31, 2022). (5) LIBOR cap strike rate of 4.00%. (6) SOFR cap strike rate of 4.39%. In December 2022, we entered into a forward cap for the $525,000 One Park Avenue mortgage loan effective upon the March 2023 expiration of the existing cap. The forward cap has a SOFR strike rate of 3.89% and expires in March 2024. 13. Fair Value Measurements - continued Fair Value Measurements on a Nonrecurring Basis As of December 31, 2022, we had assets measured at fair value on a nonrecurring basis on our consolidated balance sheets with an aggregate fair value of $2,352,328,000, representing real estate investments, including our investment in Fifth Avenue and Times Square JV as well as wholly owned street retail assets, that have been written down to estimated fair value for impairment purposes. These investments are classified as Level 3. Our estimate of the fair value of these assets was measured using discounted cash flow analyses based upon market conditions and expectations of growth and utilized unobservable quantitative inputs including capitalization rates and discount rates. Significant unobservable quantitative inputs in the table below were utilized in determining the fair value of these real estate assets. December 31, 2022 Unobservable Quantitative Input Range Weighted Average Discount rates 7.50% - 8.00% 7.52% Terminal capitalization rates 4.75% - 5.50% 4.78% 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 December 31, 2022 As of December 31, 2021 Carrying Fair Carrying Fair Cash equivalents $ 402,903 $ 403,000 $ 1,346,684 $ 1,347,000 Debt: Mortgages payable $ 5,877,615 $ 5,697,000 $ 6,099,215 $ 6,052,000 Senior unsecured notes 1,200,000 1,021,000 1,200,000 1,230,000 Unsecured term loan 800,000 800,000 800,000 800,000 Unsecured revolving credit facilities 575,000 575,000 575,000 575,000 Total $ 8,452,615 (1) $ 8,093,000 $ 8,674,215 (1) $ 8,657,000 ________________________________________ (1) Excludes $63,572 and $58,268 of deferred financing costs, net and other as of December 31, 2022 and 2021, respectively.

Stock-based Compensation

Stock-based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-based Compensation Vornado's 2019 Omnibus Share Plan (the “Plan") provides the Compensation Committee of Vornado's Board of Trustees (the "Committee") the ability to grant incentive and nonqualified Vornado stock options, restricted stock, restricted Operating Partnership units ("OP units"), out-performance plan awards ("OPPs"), appreciation-only long-term incentive plan units (“AO LTIP Units”), performance conditioned appreciation-only long-term incentive plan units ("Performance Conditioned AO LTIP Units") and long-term performance plan LTIP units ("LTPP Units") to certain of our employees and officers. Awards may be granted up to a maximum 5,500,000 shares, if all awards granted are Full Value awards, as defined in the Plan, and up to 11,000,000 shares, if all of the awards granted are Not Full Value Awards, as defined in the Plan. Full Value Awards are awards of securities, such as restricted shares, that, if all vesting requirements are met, do not require the payment of an exercise price or strike price to acquire the securities. Not Full Value Awards are awards of securities, such as options, that do require the payment of an exercise price or strike price. As of December 31, 2022, Vornado has approximately 2,803,000 shares available for future grants under the Plan, if all awards granted are Full Value Awards, as defined. We account for all equity-based compensation in accordance with ASC Topic 718, Compensation - Stock Compensation . Below is a summary of our stock-based compensation expense, a component of "general and administrative" expense on our consolidated statements of income. (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 OP Units $ 21,086 $ 27,698 $ 33,431 LTPP Units 5,145 — — OPPs 1,906 8,629 9,579 AO LTIP Units 430 877 3,955 Vornado stock options 296 456 656 Vornado restricted stock 292 450 649 Performance Conditioned AO LTIP Units 94 219 407 $ 29,249 $ 38,329 $ 48,677 Below is a summary of unrecognized compensation expense for the year ended December 31, 2022. (Amounts in thousands) As of Weighted-Average OP Units $ 7,834 1.4 OPPs 3,198 1.6 LTPP Units 2,702 1.8 Vornado stock options 175 1.0 Vornado restricted stock 172 1.0 AO LTIP Units 131 1.0 $ 14,212 1.5 14. Stock-based Compensation - continued LTPP Units On January 12, 2022, the Committee approved the 2022 LTPP, a multi-year, LTIP units-based performance equity compensation plan. Awards under the 2022 LTPP are bifurcated between operational performance (50%) and relative performance (50%) measurements and may be earned at specified threshold, target and maximum levels. The operational component awards may be earned based on Vornado’s 2022 operational performance in the following categories: • FFO, as adjusted per share (75% weighting); and • ESG performance metrics consisting of greenhouse emissions reductions, Global Real Estate Sustainability Benchmark ("GRESB") score and Green Building Certification (LEED) achievements (aggregate 25% weighting). Any LTTP award units tentatively earned based on Vornado’s 2022 operational performance are subject to an absolute return modifier pursuant to which such award units are subject to a potential reduction (but not increase) of up to 30% if Vornado’s aggregate total three-year shareholder return (“TSR”) for 2022-2025 is below specified levels. Awards under relative components may be earned based on Vornado’s three-year TSR, measured against the Dow Jones U.S. Real Estate Office Index (50% weighting) and a Northeast peer group custom index (50% weighting). Awards earned under the relative component of the LTPP are subject to reductions of up to 30% if Vornado’s three-year TSR is below specified levels. If the designated performance objectives are achieved, awards earned under 2022 LTPP will vest 50% in January 2025 and 50% in January 2026. In addition, the Chief Executive Officer is required to hold any earned and vested awards for three years following each such vesting date and all other award recipients are required to hold such awards for one year following each such vesting date. Dividends on awards granted under the 2022 LTPP accrue during the applicable performance period and are paid to participants if awards are ultimately earned based on the achievement of the designated performance objectives. LTPP Units, if earned, become convertible into Class A units of the Operating Partnership (and ultimately into Vornado common shares) following vesting. LTPP Units granted during the year ended December 31, 2022 had a total notional value of $17,025,000 and a fair value of $7,847,000, of which $4,033,000 was immediately expensed on the respective grant date due to acceleration of vesting for employees who are retirement eligible (have reached age 65 or age 60 with at least 20 years of service). 14. Stock-based Compensation – continued OPPs OPPs are multi-year, performance-based equity compensation plans under which participants have the opportunity to earn a class of units (“OPP units”) of the Operating Partnership if, and only if, Vornado outperforms a predetermined total shareholder return (“TSR”) and/or outperforms the market with respect to a relative TSR during the three-year or four-year performance period. OPP units, if earned, become convertible into Class A units of the Operating Partnership (and ultimately into Vornado common shares) following vesting. Below is the summary of the OPP units granted during the years December 31, 2021 and 2020. Plan Year Total Plan Percentage of Notional Grant Date Fair Value (1) OPP Units Earned 2021 $ 30,000,000 99.1 % $ 9,950,000 To be determined in 2025 2020 35,000,000 94.0 % 11,700,000 To be determined in 2023 ________________________________________ (1) During the years ended December 31, 2021 and 2020 $6,140,000 and $7,583,000, respectively, was immediately expensed on the respective grant date due to acceleration of vesting for employees who are retirement eligible (have reached age 65 or age 60 with at least 20 years of service). Vornado Stock Options Vornado stock options are granted at an exercise price equal to the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant, generally vest over four years and expire ten years from the date of grant. Compensation expense related to Vornado stock option awards is recognized on a straight-line basis over the vesting period. Below is a summary of Vornado’s stock option activity for the year ended December 31, 2022. Shares Weighted- Weighted- Aggregate Outstanding as of December 31, 2021 191,933 $ 65.27 Exercised (197) 36.72 Forfeited (1,413) 53.42 Expired (13,618) 65.86 Outstanding as of December 31, 2022 176,705 $ 65.35 4.99 $ — Options exercisable as of December 31, 2022 140,031 $ 68.25 4.48 $ — There were no Vornado stock options granted during the years ended December 31, 2022 and 2021. The fair value of each option grant is estimated on the date of grant using an option-pricing model with the following weighted-average assumptions for grants in the year ended December 31, 2020. As of December 31, 2020 Expected volatility 35% - 36% Expected life 5.0 years Risk free interest rate 0.57% - 1.76% Expected dividend yield 3.2% - 3.4% The weighted average grant date fair value per share for options granted during the year ended December 31, 2020 was $12.28. Cash received from option exercises for the years ended December 31, 2022, 2021 and 2020 was $7,000, $22,000 and $3,516,000, respectively. The total intrinsic value of options exercised during the years ended December 31, 2022, 2021 and 2020 was $842, $5,500 and $859,000, respectively. 14. Stock-based Compensation – continued Performance Conditioned AO LTIP Units Performance Conditioned AO LTIP Units are AO LTIP Units that require the achievement of certain performance conditions by a specified date or they are forfeited. The performance-based condition is met if Vornado common shares trade at or above 110% of the grant price per share for any 20 consecutive days on or before the fourth anniversary following the date of grant. If the performance conditions are not met, the awards are forfeited. If the performance conditions are met, once vested, the awards may be converted into Class A Operating Partnership units in the same manner as AO LTIP Units until ten years from the date of grant. On January 14, 2023, the outstanding Performance AO LTIPs, which were issued in 2019, were forfeited as the performance conditions were not satisfied. AO LTIP Units AO LTIP Units are a class of partnership interests in the Operating Partnership that are intended to qualify as “profits interests” for federal income tax purposes and generally only allow the recipient to realize value to the extent the fair market value of a Vornado common share exceeds the threshold level set at the time the AO LTIP Units are granted, subject to any vesting conditions applicable to the award. The threshold level is intended to be equal to 100% of the then fair market value of a Vornado common share on the date of grant. The value of vested AO LTIP Units is realized through conversion of the AO LTIP Units into Class A Operating Partnership units. AO LTIP Units have a term of ten years from the grant date. Each holder will generally receive special income allocations in respect of an AO LTIP Unit equal to 10% (or such other percentage specified in the applicable award agreement) of the income allocated in respect of a Class A Unit. Upon conversion of AO LTIP Units to Class A Units, holders will be entitled to receive in respect of each such AO LTIP Unit, on a per unit basis, a special distribution equal to 10% (or such other percentage specified in the applicable award agreement) of the distributions received by a holder of an equivalent number of Class A Units during the period from the grant date of the AO LTIP Units through the date of conversion. Below is a summary of AO LTIP Units activity for the year ended December 31, 2022. Shares Weighted- Weighted- Aggregate Outstanding as of December 31, 2021 567,739 $ 59.91 Forfeited (886) 54.16 Expired (1,189) 56.29 Outstanding as of December 31, 2022 565,664 $ 59.93 6.29 $ — Options exercisable as of December 31, 2022 437,372 $ 61.39 6.12 $ — There were no AO LTIP Units granted during the years ended December 31, 2022 and 2021. AO LTIP Units granted during the year ended December 31, 2020 had a fair value of $4,319,000. The fair value of each AO LTIP Unit granted is estimated on the date of grant using an option-pricing model with the following weighted-average assumptions for grants in the year ended December 31, 2020. As of December 31, 2020 Expected volatility 35% - 36% Expected life 5.0 years Risk free interest rate 0.57% - 1.76% Expected dividend yield 3.2% - 3.4% 14. Stock-based Compensation – continued OP Units OP Units are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant, vest ratably over four years and are subject to a taxable book-up event, as defined. Compensation expense related to OP Units is recognized ratably over the vesting period using a graded vesting attribution model. Distributions paid on unvested OP Units amounted to $2,197,000, $2,634,000 and $5,316,000 in the years ended December 31, 2022, 2021 and 2020, respectively. Below is a summary of restricted OP unit activity for the year ended December 31, 2022. Unvested Units Units Weighted-Average Unvested as of December 31, 2021 1,083,087 $ 53.99 Granted 501,169 30.82 Vested (597,292) 42.12 Forfeited (1,048) 44.25 Unvested as of December 31, 2022 985,916 49.41 OP Units granted in 2022, 2021 and 2020 had a fair value of $15,446,000, $26,194,000 and $18,013,000, respectively. The fair value of OP Units that vested during the years ended December 31, 2022, 2021 and 2020 was $25,158,000, $36,541,000 and $24,373,000, respectively Vornado Restricted Stock Vornado restricted stock awards are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant and generally vest over four years. Compensation expense related to Vornado’s restricted stock awards is recognized on a straight-line basis over the vesting period. Dividends paid on unvested Vornado restricted stock are charged directly to retained earnings and amounted to $18,000, $35,000 and $98,000 for the years ended December 31, 2022, 2021 and 2020, respectively. Below is a summary of Vornado’s restricted stock activity for the year ended December 31, 2022. Unvested Shares Shares Weighted-Average Unvested as of December 31, 2021 15,774 $ 57.82 Vested (7,069) 60.57 Forfeited (326) 54.55 Unvested as of December 31, 2022 8,379 55.64

Impairment Losses, Transaction

Impairment Losses, Transaction Related Costs and Other	12 Months Ended
	Dec. 31, 2022
Transaction Related Costs, Impairment Losses and Other [Abstract]
Impairment Losses, Transaction Related Costs and Other	Impairment losses, Transaction Related Costs and Other The following table sets forth the details of impairment losses, transaction related costs and other: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Real estate impairment losses (1) $ 19,098 $ 7,880 $ 236,286 Transaction related costs and other 12,624 5,935 8,001 608 Fifth Avenue lease liability extinguishment gain — — (70,260) $ 31,722 $ 13,815 $ 174,027 ________________________________________ (1) See Note 13 - Fair Value Measurements for additional information.

Interest and Other Investment I

Interest and Other Investment Income (Loss), Net	12 Months Ended
	Dec. 31, 2022
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 Year Ended December 31, 2022 2021 2020 Interest on cash and cash equivalents and restricted cash $ 7,553 $ 284 $ 5,793 Amortization of discount on investments in U.S. Treasury bills 7,075 — — Interest on loans receivable 5,006 2,517 3,384 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 235 1,811 3,631 $ 19,869 $ 4,612 $ (5,499)

Interest and Debt Expense

Interest and Debt Expense	12 Months Ended
	Dec. 31, 2022
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 Year Ended December 31, 2022 2021 2020 Interest expense (1) $ 277,046 $ 249,169 $ 251,847 Amortization of Deferred Financing Fees 21,804 20,247 18,460 Capitalized Interest & Debt Expense (19,085) (38,320) (41,056) $ 279,765 $ 231,096 $ 229,251 ________________________________________ (1) 2021 includes $23,729 of defeasance costs, of which $7,119 is attributable to noncontrolling interests, in connection with the refinancing of 1290 Avenue of the Americas, a property in which we own a 70% controlling interest.

(Loss) Income Per Share_(Loss)

(Loss) Income Per Share/(Loss) Income Per Class A Unit	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
(Loss) Income Per Share/(Loss) Income Per Class A Unit	(Loss) Income Per Share/(Loss) Income Per Class A Unit Vornado Realty Trust The following table presents the calculations of (i) basic (loss) income per common share which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares and (ii) diluted (loss) income per common share which includes weighted average common shares outstanding 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. Our share-based payment awards, including employee stock options, OP Units, OPPs, AO LTIP Units, Performance Conditioned AO LTIP Units and LTPP Units, are included in the calculation of diluted income per share using the treasury stock method if dilutive. Our convertible securities, including our Series A convertible preferred shares, Series G-1 through G-4 convertible preferred units and Series D-13 redeemable preferred units, are reflected in diluted income per share by application of the if-converted method if dilutive. (Amounts in thousands, except per share amounts) For the Year Ended December 31, 2022 2021 2020 Numerator: Net (loss) income attributable to Vornado $ (346,499) $ 175,999 $ (297,005) Preferred share dividends (62,116) (65,880) (51,739) Series K preferred share issuance costs — (9,033) — Net (loss) income attributable to common shareholders (408,615) 101,086 (348,744) Earnings allocated to unvested participating securities (18) (34) (99) Numerator for basic (loss) income per share $ (408,633) $ 101,052 $ (348,843) Denominator: Denominator for basic (loss) income per share – weighted average shares 191,775 191,551 191,146 Effect of dilutive securities (1) : Share-based payment awards — 571 — Denominator for diluted (loss) income per share – weighted average shares and assumed conversions 191,775 192,122 191,146 (LOSS) INCOME PER COMMON SHARE - BASIC: Net (loss) income per common share $ (2.13) $ 0.53 $ (1.83) (LOSS) INCOME PER COMMON SHARE - DILUTED: Net (loss) income per common share $ (2.13) $ 0.53 $ (1.83) ________________________________________ (1) The effect of dilutive securities excluded an aggregate of 16,252, 13,835 and 14,007 weighted average common share equivalents in the years ended December 31, 2022, 2021 and 2020, respectively, as their effect was anti-dilutive. 18. (Loss) Income Per Share/(Loss) Income Per Class A Unit – continued Vornado Realty L.P. The following table presents the calculations of (i) basic (loss) income 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 (loss) income per Class A unit which includes the weighted average Class A units outstanding 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 and our OP Units, based on the two-class method. Our other share-based payment awards, including Vornado stock options, OPPs, AO LTIP Units, Performance Conditioned AO LTIP Units and LTPP Units, are included in the calculation of diluted income per Class A unit using the treasury stock method if dilutive. Our convertible securities, including our Series A convertible preferred units, Series G-1 through G-4 convertible preferred units and Series D-13 redeemable preferred units, are reflected in diluted income per Class A unit by application of the if-converted method if dilutive. (Amounts in thousands, except per unit amounts) For the Year Ended December 31, 2022 2021 2020 Numerator: Net (loss) income attributable to Vornado Realty L.P. $ (376,875) $ 183,539 $ (321,951) Preferred unit distributions (62,231) (66,035) (51,904) Series K preferred unit issuance costs — (9,033) — Net (loss) income attributable to Class A unitholders (439,106) 108,471 (373,855) Earnings allocated to unvested participating securities (2,215) (2,668) (5,417) Numerator for basic (loss) income per Class A unit $ (441,321) $ 105,803 $ (379,272) Denominator: Denominator for basic (loss) income per Class A unit – weighted average units 205,315 204,728 203,503 Effect of dilutive securities (1) : Share-based payment awards — 916 — Denominator for diluted (loss) income per Class A unit – weighted average units and assumed conversions 205,315 205,644 203,503 (LOSS) INCOME PER CLASS A UNIT - BASIC: Net (loss) income per Class A unit $ (2.15) $ 0.52 $ (1.86) (LOSS) INCOME PER CLASS A UNIT - DILUTED: Net (loss) income per Class A unit $ (2.15) $ 0.51 $ (1.86) ________________________________________ (1) The effect of dilutive securities excluded an aggregate of 2,712, 313 and 1,650 weighted average Class A unit equivalents for the years ended December 31, 2022, 2021 and 2020, respectively, as their effect was anti-dilutive.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Leases As lessor We lease space to tenants under operating leases. Most of the leases provide for the payment of fixed base rent payable monthly in advance. Leases typically provide for periodic step‑ups in rent over the term of the lease and pass through to tenants their share of increases in real estate taxes and operating expenses over a base year. Certain leases also require additional variable rent payments based on a percentage of the tenants’ sales. Electricity is provided to tenants on a sub-metered basis or included in rent based on surveys and adjusted for subsequent utility rate increases. Leases also typically provide for free rent and tenant improvement allowances for all or a portion of the tenant’s initial construction costs of its premises. As of December 31, 2022, future undiscounted cash flows under non-cancelable operating leases were as follows: (Amounts in thousands) As of December 31, 2022 For the year ended December 31, 2023 $ 1,304,777 2024 1,200,544 2025 1,102,476 2026 1,053,948 2027 950,515 Thereafter 6,515,202 As lessee We have a number of ground leases which are classified as operating leases. As of December 31, 2022, our ROU assets and lease liabilities were $684,380,000 and $735,969,000, respectively. As of December 31, 2021, our ROU assets and lease liabilities were $337,197,000 and $370,206,000, respectively. In January 2022, we exercised a 25-year renewal option on our PENN 1 ground lease extending the term through June 2073. As a result of the exercise, we remeasured the related ground lease liability to include our 25-year extension option and recorded an estimated incremental right-of-use asset and lease liability of approximately $350,000,000 which is included in "right-of-use assets" and "lease liabilities", respectively, on our consolidated balance sheets. The ground lease is subject to fair market value resets every 25 years over the lease term, with the next reset occurring in June 2023. When the rate implicit in a lease is not readily determinable, the discount rate applied to measure each ROU asset and lease liability is based on our incremental borrowing rate ("IBR"). We consider the general economic environment and our credit rating and factor in various financing and asset specific adjustments to ensure the IBR is appropriate to the intended use of the underlying lease. Certain of our ground leases offer renewal options which we assess against relevant economic factors to determine whether we are reasonably certain of exercising or not exercising the option. Lease payments associated with renewal periods that we are reasonably certain will be exercised are included in the measurement of the lease liability and corresponding ROU asset. Certain of our ground leases are subject to fair market rent resets based on a percentage of the appraised value of the underlying assets at specified future dates. Fair market rent resets occurring during the lease term do not give rise to remeasurement of the related ROU assets and lease liabilities. Fair market rent resets occurring during the lease term, which may be material, will be recognized in the periods in which they are incurred as variable rent expense. The following table sets forth information related to the measurement of our lease liabilities as of December 31, 2022, 2021 and 2020: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Weighted average remaining lease term (in years) 48.4 44.4 44.8 Weighted average discount rate 5.54 % 4.85 % 4.91 % Cash paid for operating leases $ 21,861 $ 22,382 $ 23,932 We recognize rent expense as a component of "operating" expenses on our consolidated statements of income. Rent expense is comprised of fixed and variable lease payments. The following table sets forth the details of rent expense for the years ended December 31, 2022, 2021 and 2020: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Fixed rent expense $ 45,211 $ 24,901 $ 28,503 Variable rent expense 14,180 13,078 1,178 Rent expense $ 59,391 $ 37,979 $ 29,681 19. Leases - continued As lessee - continued As of December 31, 2022, future lease payments under operating ground leases were as follows: (Amounts in thousands) As of December 31, 2022 For the year ended December 31, 2023 $ 34,782 2024 46,859 2025 47,227 2026 47,616 2027 48,027 Thereafter 1,949,551 Total undiscounted cash flows 2,174,062 Present value discount (1,438,093) Lease liabilities $ 735,969 The Farley Building The future lease payments detailed above exclude the ground and building lease at The Farley Building. The consolidated joint venture, in which we own a 95% controlling interest, has a 99-year triple-net lease with Empire State Development ("ESD") for 846,000 rentable square feet of commercial space at the property, comprised of approximately 730,000 square feet of office space and approximately 116,000 square feet of restaurant and retail space. Our lease of the commercial space at the property is accounted for as a “failed sale-leaseback” as a result of us being deemed the "accounting owner" during development of the property in accordance with ASC 842-40-55 and the lease subsequently meeting "finance lease" classification pursuant to ASC 842-40-25 upon substantial completion. The lease calls for annual rent payments and fixed payments in lieu of real estate taxes ("PILOT") through June 2030. Following the fixed PILOT payment period, the PILOT is calculated in a manner consistent with buildings subject to New York City real estate taxes and assessments. As of December 31, 2022, future rent and fixed PILOT payments are $535,188,000.
Leases	Leases As lessor We lease space to tenants under operating leases. Most of the leases provide for the payment of fixed base rent payable monthly in advance. Leases typically provide for periodic step‑ups in rent over the term of the lease and pass through to tenants their share of increases in real estate taxes and operating expenses over a base year. Certain leases also require additional variable rent payments based on a percentage of the tenants’ sales. Electricity is provided to tenants on a sub-metered basis or included in rent based on surveys and adjusted for subsequent utility rate increases. Leases also typically provide for free rent and tenant improvement allowances for all or a portion of the tenant’s initial construction costs of its premises. As of December 31, 2022, future undiscounted cash flows under non-cancelable operating leases were as follows: (Amounts in thousands) As of December 31, 2022 For the year ended December 31, 2023 $ 1,304,777 2024 1,200,544 2025 1,102,476 2026 1,053,948 2027 950,515 Thereafter 6,515,202 As lessee We have a number of ground leases which are classified as operating leases. As of December 31, 2022, our ROU assets and lease liabilities were $684,380,000 and $735,969,000, respectively. As of December 31, 2021, our ROU assets and lease liabilities were $337,197,000 and $370,206,000, respectively. In January 2022, we exercised a 25-year renewal option on our PENN 1 ground lease extending the term through June 2073. As a result of the exercise, we remeasured the related ground lease liability to include our 25-year extension option and recorded an estimated incremental right-of-use asset and lease liability of approximately $350,000,000 which is included in "right-of-use assets" and "lease liabilities", respectively, on our consolidated balance sheets. The ground lease is subject to fair market value resets every 25 years over the lease term, with the next reset occurring in June 2023. When the rate implicit in a lease is not readily determinable, the discount rate applied to measure each ROU asset and lease liability is based on our incremental borrowing rate ("IBR"). We consider the general economic environment and our credit rating and factor in various financing and asset specific adjustments to ensure the IBR is appropriate to the intended use of the underlying lease. Certain of our ground leases offer renewal options which we assess against relevant economic factors to determine whether we are reasonably certain of exercising or not exercising the option. Lease payments associated with renewal periods that we are reasonably certain will be exercised are included in the measurement of the lease liability and corresponding ROU asset. Certain of our ground leases are subject to fair market rent resets based on a percentage of the appraised value of the underlying assets at specified future dates. Fair market rent resets occurring during the lease term do not give rise to remeasurement of the related ROU assets and lease liabilities. Fair market rent resets occurring during the lease term, which may be material, will be recognized in the periods in which they are incurred as variable rent expense. The following table sets forth information related to the measurement of our lease liabilities as of December 31, 2022, 2021 and 2020: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Weighted average remaining lease term (in years) 48.4 44.4 44.8 Weighted average discount rate 5.54 % 4.85 % 4.91 % Cash paid for operating leases $ 21,861 $ 22,382 $ 23,932 We recognize rent expense as a component of "operating" expenses on our consolidated statements of income. Rent expense is comprised of fixed and variable lease payments. The following table sets forth the details of rent expense for the years ended December 31, 2022, 2021 and 2020: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Fixed rent expense $ 45,211 $ 24,901 $ 28,503 Variable rent expense 14,180 13,078 1,178 Rent expense $ 59,391 $ 37,979 $ 29,681 19. Leases - continued As lessee - continued As of December 31, 2022, future lease payments under operating ground leases were as follows: (Amounts in thousands) As of December 31, 2022 For the year ended December 31, 2023 $ 34,782 2024 46,859 2025 47,227 2026 47,616 2027 48,027 Thereafter 1,949,551 Total undiscounted cash flows 2,174,062 Present value discount (1,438,093) Lease liabilities $ 735,969 The Farley Building The future lease payments detailed above exclude the ground and building lease at The Farley Building. The consolidated joint venture, in which we own a 95% controlling interest, has a 99-year triple-net lease with Empire State Development ("ESD") for 846,000 rentable square feet of commercial space at the property, comprised of approximately 730,000 square feet of office space and approximately 116,000 square feet of restaurant and retail space. Our lease of the commercial space at the property is accounted for as a “failed sale-leaseback” as a result of us being deemed the "accounting owner" during development of the property in accordance with ASC 842-40-55 and the lease subsequently meeting "finance lease" classification pursuant to ASC 842-40-25 upon substantial completion. The lease calls for annual rent payments and fixed payments in lieu of real estate taxes ("PILOT") through June 2030. Following the fixed PILOT payment period, the PILOT is calculated in a manner consistent with buildings subject to New York City real estate taxes and assessments. As of December 31, 2022, future rent and fixed PILOT payments are $535,188,000.

Multiemployer Benefit Plans

Multiemployer Benefit Plans	12 Months Ended
	Dec. 31, 2022
Multiemployer Plan, Pension, Significant [Abstract]
Multiemployer Benefit Plans	Multiemployer Benefit Plans Our subsidiaries make contributions to certain multiemployer defined benefit plans (“Multiemployer Pension Plans”) and health plans (“Multiemployer Health Plans”) for our union represented employees, pursuant to the respective collective bargaining agreements. Multiemployer Pension Plans Multiemployer Pension Plans differ from single-employer pension plans in that (i) contributions to multiemployer plans may be used to provide benefits to employees of other participating employers and (ii) if other participating employers fail to make their contributions, each of our participating subsidiaries may be required to bear its then pro rata share of unfunded obligations. If a participating subsidiary withdraws from a plan in which it participates, it may be subject to a withdrawal liability. As of December 31, 2022, our subsidiaries’ participation in these plans was not significant to our consolidated financial statements. In the years ended December 31, 2022, 2021 and 2020, we contributed $7,761,000, $19,851,000 and $7,049,000, respectively, towards Multiemployer Pension Plans, which is included as a component of “operating” expenses on our consolidated statements of income. During the year ended December 31, 2021, the Company funded its pension withdrawal liability in relation to the permanent closure of Hotel Pennsylvania which resulted in the Company funding more than 5% of total employer contributions to the related plan for the year. For our other Multiemployer Pension Plans, our subsidiaries’ contributions did not represent more than 5% of total employer contributions for the years ended December 31, 2022, 2021 and 2020. Multiemployer Health Plans Multiemployer Health Plans in which our subsidiaries participate provide health benefits to eligible active and retired employees. In the years ended December 31, 2022, 2021 and 2020, our subsidiaries contributed $26,514,000, $23,431,000 and $26,938,000, respectively, towards these plans, which is included as a component of “operating” expenses on our consolidated statements of income.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Insurance For our properties, 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, excluding communicable disease coverage. 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 $1,774,525 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. Certain condominiums in which we own an interest (including the Farley Condominiums) maintain insurance policies with different per occurrence and aggregate limits than our policies described above. 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 January 31, 2023, the Court of Appeal affirmed the lower court’s 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. 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 the underlying loans. In addition, we have guaranteed the rent and payments in lieu of real estate taxes due to ESD, an entity of New York State, for The Farley Building. As of December 31, 2022, the aggregate dollar amount of these guarantees and master leases is approximately $1,553,000,000. 21. Commitments and Contingencies – continued Other Commitments and Contingencies - continued As of December 31, 2022, $15,273,000 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 current ratings). 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 completing the development of The Farley Building. In connection with the development of the property, the joint venture admitted a historic Tax Credit Investor partner. 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 December 31, 2022, 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 December 31, 2022 fair value of the Fund assets, at liquidation we would be required to make a $26,400,000 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 December 31, 2022, we expect to fund additional capital to certain of our partially owned entities aggregating approximately $10,300,000. As of December 31, 2022, we have construction commitments aggregating approximately $409,000,000.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Alexander’s, Inc. We own 32.4% of Alexander’s. Steven Roth, the Chairman of Vornado’s Board of Trustee’s and its Chief Executive Officer, is also the Chairman of the Board of Directors and Chief Executive Officer of Alexander’s. We provide various services to Alexander’s in accordance with management, development and leasing agreements. These agreements are described in Note 5 - Investments in Partially Owned Entities . Interstate Properties (“Interstate”) Interstate is a general partnership in which Mr. Roth is the managing general partner. David Mandelbaum and Russell B. Wight, Jr., Trustees of Vornado and Directors of Alexander’s, respectively, are Interstate’s two other general partners. As of December 31, 2022, Interstate and its partners beneficially owned an aggregate of approximately 7.0% of the common shares of beneficial interest of Vornado and 26.0% of Alexander’s common stock. We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4% of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days’ notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are consistent with the market. We earned $204,000, $203,000, and $203,000 of management fees under the agreement for the years ended December 31, 2022, 2021 and 2020, respectively. Fifth Avenue and Times Square JV We provide various services to Fifth Avenue and Times Square JV in accordance with management, development, leasing and other agreements. These agreements are described in Note 5 - Investments in Partially Owned Entities . Haim Chera, Executive Vice President - Head of Retail, has an investment in Crown Acquisitions Inc. and Crown Retail Services LLC (collectively, "Crown"), companies controlled by Mr. Chera's family. Crown has a nominal minority interest in Fifth Avenue and Times Square JV. Additionally, we have other investments with Crown.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
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. Asset information by segment is not reported as we do not use this measure to assess segment performance or to make resource allocation decisions. Below is a summary of NOI at share and NOI at share - cash basis by segment for the years ended December 31, 2022, 2021 and 2020. (Amounts in thousands) For the Year Ended December 31, 2022 Total New York Other Total revenues $ 1,799,995 $ 1,449,442 $ 350,553 Operating expenses (873,911) (716,148) (157,763) NOI - consolidated 926,084 733,294 192,790 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (70,029) (45,566) (24,463) Add: NOI from partially owned entities 305,993 293,780 12,213 NOI at share 1,162,048 981,508 180,540 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other (10,980) (18,509) 7,529 NOI at share - cash basis $ 1,151,068 $ 962,999 $ 188,069 (Amounts in thousands) For the Year Ended December 31, 2021 Total New York Other Total revenues $ 1,589,210 $ 1,257,599 $ 331,611 Operating expenses (797,315) (626,386) (170,929) NOI - consolidated 791,895 631,213 160,682 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (69,385) (38,980) (30,405) Add: NOI from partially owned entities 310,858 300,721 10,137 NOI at share 1,033,368 892,954 140,414 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other 1,318 (1,188) 2,506 NOI at share - cash basis $ 1,034,686 $ 891,766 $ 142,920 (Amounts in thousands) For the Year Ended December 31, 2020 Total New York Other Total revenues $ 1,527,951 $ 1,221,748 $ 306,203 Operating expenses (789,066) (640,531) (148,535) NOI - consolidated 738,885 581,217 157,668 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (72,801) (43,773) (29,028) Add: NOI from partially owned entities 306,495 296,447 10,048 NOI at share 972,579 833,891 138,688 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other 46,246 36,715 9,531 NOI at share - cash basis $ 1,018,825 $ 870,606 $ 148,219 23. Segment Information - continued Below is a reconciliation of net (loss) income to NOI at share for the years ended December 31, 2022, 2021 and 2020. (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Net (loss) income $ (382,612) $ 207,553 $ (461,845) Depreciation and amortization expense 504,502 412,347 399,695 General and administrative expense 133,731 134,545 181,509 Impairment losses, transaction related costs and other 31,722 13,815 174,027 Loss (income) from partially owned entities 461,351 (130,517) 329,112 (Income) loss from real estate fund investments (3,541) (11,066) 226,327 Interest and other investment (income) loss, net (19,869) (4,612) 5,499 Interest and debt expense 279,765 231,096 229,251 Net gains on disposition of wholly owned and partially owned assets (100,625) (50,770) (381,320) Income tax expense (benefit) 21,660 (10,496) 36,630 NOI from partially owned entities 305,993 310,858 306,495 NOI attributable to noncontrolling interests in consolidated subsidiaries (70,029) (69,385) (72,801) NOI at share 1,162,048 1,033,368 972,579 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other (10,980) 1,318 46,246 NOI at share - cash basis $ 1,151,068 $ 1,034,686 $ 1,018,825

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events 150 West 34th Street Loan Participation On January 9, 2023, our $105,000,000 participation in the $205,000,000 mortgage loan on 150 West 34th Street was repaid, which reduced “other assets” and “mortgages payable, net” on our consolidated balance sheets by $105,000,000 in the first quarter of 2023. The remaining $100,000,000 mortgage loan balance bears interest at SOFR plus 1.86%, subject to an interest rate cap arrangement with a SOFR strike rate of 4.10%, and matures in May 2024. 24. Subsequent Events - continued 350 Park Avenue On January 24, 2023, we and the Rudin family (“Rudin”) completed agreements with Citadel Enterprise Americas LLC (“Citadel”) and with an affiliate of Kenneth C. Griffin, Citadel’s Founder and CEO (“KG”), for a series of transactions relating to 350 Park Avenue and 40 East 52nd Street. Citadel will master lease 350 Park Avenue, a 585,000 square foot Manhattan office building, on an “as is” basis for ten years, with an initial annual net rent of $36,000,000. Per the terms of the lease, no tenant allowance or free rent is being provided. Citadel will also master lease Rudin’s adjacent property at 40 East 52nd Street (390,000 square feet). In addition, we have entered into a joint venture with Rudin (“Vornado/Rudin”) to purchase 39 East 51st Street for $40,000,000 and, upon formation of the KG joint venture described below, will combine that property with 350 Park Avenue and 40 East 52nd Street to create a premier development site (collectively, the “Site”). From October 2024 to June 2030, KG will have the option to either: • acquire a 60% interest in a joint venture with Vornado/Rudin that would value the Site at $1.2 billion ($900,000,000 to Vornado and $300,000,000 to Rudin) and build a new 1,700,000 square foot office tower (the “Project”) pursuant to East Midtown Subdistrict zoning with Vornado/Rudin as developer. KG would own 60% of the joint venture and Vornado/Rudin would own 40% (with Vornado owning 36% and Rudin owning 4% of the joint venture along with a $250,000,000 preferred equity interest in the Vornado/Rudin joint venture). ◦ at the joint venture formation, Citadel or its affiliates will execute a pre-negotiated 15-year anchor lease with renewal options for approximately 850,000 square feet (with expansion and contraction rights) at the Project for its primary office in New York City; ◦ the rent for Citadel’s space will be determined by a formula based on a percentage return (that adjusts based on the actual cost of capital) on the total Project cost; ◦ the master leases will terminate at the scheduled commencement of demolition; • or, exercise an option to purchase the Site for $1.4 billion ($1.085 billion to Vornado and $315,000,000 to Rudin), in which case Vornado/Rudin would not participate in the new development. Further, Vornado/Rudin will have the option from October 2024 to September 2030 to put the Site to KG for $1.2 billion ($900,000,000 to Vornado and $300,000,000 to Rudin). For ten years following any put option closing, unless the put option is exercised in response to KG’s request to form the joint venture or KG makes a $200,000,000 termination payment, Vornado/Rudin will have the right to invest in a joint venture with KG on the terms described above if KG proceeds with development of the Site. 2023 LTPP On January 11, 2023, the Compensation Committee approved the 2023 Long-Term Performance Plan (“2023 LTPP”), a multi-year, LTIP units-based performance equity compensation plan. Awards under the 2023 LTPP are bifurcated between operational performance (50%) and relative performance (50%) measurements and may be earned at specified threshold, target and maximum levels. The operational component awards may be earned based on Vornado’s 2023 operational performance in the following categories: • FFO, as adjusted per share (75% weighting); and • ESG performance metrics consisting of greenhouse emissions reductions, GRESB score and Green Building Certification (LEED) achievements (aggregate 25% weighting). Any LTPP award units tentatively earned based on Vornado’s 2023 operational performance are subject to an absolute return modifier pursuant to which such award units are subject to a potential reduction (but not increase) of up to 30% if Vornado’s aggregate total three-year TSR is below specified levels. Awards under relative components may be earned based on Vornado’s three-year TSR, measured against the Dow Jones U.S. Real Estate Office Index (50% weighting) and a Northeast peer group custom index (50% weighting). Awards earned under the relative component of the 2023 LTPP are subject to reductions of up to 30% if Vornado’s three-year TSR is below specified levels. If the designated performance objectives are achieved, awards earned under 2023 LTPP will vest 50% in January 2026 and 50% in January 2027. In addition, the Chief Executive Officer is required to hold any earned and vested awards for three years following each such vesting date and all other award recipients are required to hold such awards for one year following each such vesting date. Dividends on awards granted under the 2023 LTPP accrue during the applicable performance period and are paid to participants if awards are ultimately earned based on the achievement of the designated performance objectives.

SEC Schedule III Real Estate an

SEC Schedule III Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III Real Estate and Accumulated Depreciation	COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F COLUMN G COLUMN H COLUMN I Encumbrances (1) Initial cost to company Costs Gross amount at which Accumulated Date of construction (3) Date Life on which Land Buildings Land Buildings Total (2) New York Manhattan 1290 Avenue of the Americas $ 950,000 $ 518,244 $ 926,992 $ 269,875 $ 518,244 $ 1,196,867 $ 1,715,111 $ 478,343 1963 2007 (4) One Park Avenue 525,000 197,057 369,016 2,936 197,057 371,952 569,009 14,868 1926 2021 (4) 350 Park Avenue 400,000 265,889 363,381 64,619 265,889 428,000 693,889 170,634 1960 2006 (4) PENN 1 — — 412,169 791,704 — 1,203,873 1,203,873 402,282 1972 1998 (4) 100 West 33rd Street 480,000 331,371 361,443 78,034 331,371 439,477 770,848 178,228 1911/2009 2007 (4) 150 West 34th Street 205,000 (5) 119,657 268,509 — 119,657 268,509 388,166 50,905 1900 2015 (4) PENN 2 575,000 (6) 53,615 164,903 544,767 52,689 710,596 763,285 108,685 1968 1997 (4) 90 Park Avenue — 8,000 175,890 199,485 8,000 375,375 383,375 192,616 1964 1997 (4) 770 Broadway 700,000 52,898 95,686 192,597 52,898 288,283 341,181 142,018 1907 1998 (4) 888 Seventh Avenue 277,800 — 117,269 170,408 — 287,677 287,677 155,181 1980 1998 (4) PENN 11 500,000 40,333 85,259 135,639 40,333 220,898 261,231 102,565 1923 1997 (4) 909 Third Avenue 350,000 — 120,723 122,641 — 243,364 243,364 132,201 1969 1999 (4) 150 East 58th Street — 39,303 80,216 62,924 39,303 143,140 182,443 75,535 1969 1998 (4) 595 Madison Avenue — 62,731 62,888 79,646 62,731 142,534 205,265 58,669 1968 1999 (4) 330 West 34th Street — — 8,599 164,628 — 173,227 173,227 59,405 1925 1998 (4) 715 Lexington Avenue — — 26,903 20,218 30,086 17,035 47,121 1,925 1923 2001 (4) 4 Union Square South 120,000 24,079 55,220 12,513 24,079 67,733 91,812 28,102 1965/2004 1993 (4) The Farley Building — — 476,235 949,500 — 1,425,735 1,425,735 54,042 1912 2018 (4) 260 Eleventh Avenue — — 80,482 6,937 — 87,419 87,419 16,227 1911 2015 (4) 510 Fifth Avenue — 34,602 18,728 8,441 35,864 25,907 61,771 — 2010 (4) 606 Broadway 74,119 45,406 8,993 51,715 45,298 60,816 106,114 6,048 2016 (4) 443 Broadway — 11,187 41,186 (41,283) 2,370 8,720 11,090 — 2013 (4) 435 Seventh Avenue 95,696 19,893 19,091 2,166 19,893 21,257 41,150 11,803 2002 1997 (4) 692 Broadway — 6,053 22,908 (9,677) 3,552 15,732 19,284 — 2005 (4) 131-135 West 33rd Street — 8,315 21,312 477 8,315 21,789 30,104 3,841 2016 (4) 304 Canal Street — 3,511 12,905 (8,272) 1,771 6,373 8,144 337 1910 2014 (4) COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F COLUMN G COLUMN H COLUMN I Encumbrances (1) Initial cost to company Costs Gross amount at which Accumulated Date of construction (3) Date Life on which Land Buildings Land Buildings Total (2) New York - continued Manhattan - continued 1131 Third Avenue $ — $ 7,844 $ 7,844 $ 5,683 $ 7,844 $ 13,527 $ 21,371 $ 3,489 1997 (4) 431 Seventh Avenue — 16,700 2,751 — 16,700 2,751 19,451 1,083 2007 (4) 138-142 West 32nd Street — 9,252 9,936 2,032 9,252 11,968 21,220 2,181 1920 2015 (4) 334 Canal Street — 1,693 6,507 (1,169) 753 6,278 7,031 409 2011 (4) 966 Third Avenue — 8,869 3,631 — 8,869 3,631 12,500 847 2013 (4) 148 Spring Street — 3,200 8,112 408 3,200 8,520 11,720 3,163 2008 (4) 150 Spring Street — 3,200 5,822 327 3,200 6,149 9,349 2,273 2008 (4) 137 West 33rd Street — 6,398 1,550 — 6,398 1,550 7,948 300 1932 2015 (4) 825 Seventh Avenue — 1,483 697 3,982 1,483 4,679 6,162 1,064 1997 (4) 537 West 26th Street — 10,370 17,632 20,000 26,631 21,371 48,002 3,232 2018 (4) 339 Greenwich Street — 2,622 12,333 (10,018) 866 4,071 4,937 245 2017 (4) Hotel Pennsylvania site — 29,903 121,712 109,425 29,903 231,137 261,040 — 1919 1997 (4) Other (Including Signage) — 140,477 31,892 22,106 94,787 99,688 194,475 28,002 — (4) Total Manhattan 5,252,615 2,084,155 4,627,325 4,025,414 2,069,286 8,667,608 10,736,894 2,490,748 Other Properties Paramus, New Jersey — — — 21,224 1,033 20,191 21,224 16,823 1967 1987 (4) Total New York 5,252,615 2,084,155 4,627,325 4,046,638 2,070,319 8,687,799 10,758,118 2,507,571 COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F COLUMN G COLUMN H COLUMN I Encumbrances (1) Initial cost to company Costs Gross amount at which Accumulated Date of construction (3) Date Life on which Land Buildings Land Buildings Total (2) Other theMART theMART, Illinois $ — $ 64,528 $ 319,146 $ 441,840 $ 64,535 $ 760,979 $ 825,514 $ 383,172 1930 1998 (4) 527 West Kinzie, Illinois — 5,166 — 257 5,166 257 5,423 — 1998 Piers 92 and 94, New York — — — 23,838 — 23,838 23,838 4,339 2008 (4) Total theMART — 69,694 319,146 465,935 69,701 785,074 854,775 387,511 555 California Street, California 1,200,000 223,446 895,379 269,215 223,446 1,164,594 1,388,040 432,128 1922,1969 -1970 2007 (4) Borgata Land, Atlantic City, NJ — 83,089 — — 83,089 — 83,089 — 2010 759-771 Madison Avenue (40 East 66th Street) Residential, New York — 8,454 13,321 (8,193) 5,273 8,309 13,582 3,321 2005 (4) Annapolis, Maryland — — 9,652 — — 9,652 9,652 4,964 2005 (4) Wayne Towne Center, New Jersey — — 26,137 48,011 — 74,148 74,148 38,228 2010 (4) Other — — — 7,962 — 7,962 7,962 2,103 (4) Total Other 1,200,000 384,683 1,263,635 782,930 381,509 2,049,739 2,431,248 868,255 Leasehold improvements, equipment and other — — — 125,389 — 125,389 125,389 95,165 Total December 31, 2022 $ 6,452,615 $ 2,468,838 $ 5,890,960 $ 4,954,957 $ 2,451,828 $ 10,862,927 $ 13,314,755 $ 3,470,991 ________________________________________ (1) Represents contractual debt obligations. (2) The net basis of Vornado's assets and liabilities for tax reporting purposes is approximately $1.6 billion lower than the amounts reported for financial statement purposes. (3) Date of original construction - many properties have had substantial renovation or additional construction, see "costs capitalized subsequent to acquisition" column. (4) Depreciation of the buildings and improvements is calculated over lives ranging from the life of the lease to forty years. (5) On January 9, 2023, our $105,000 participation in the $205,000 mortgage loan on 150 West 34th Street was repaid. (6) Secured amount outstanding on revolving credit facilities. The following is a reconciliation of real estate assets and accumulated depreciation: Year Ended December 31, 2022 2021 2020 Real Estate Balance at beginning of period $ 13,217,845 $ 12,087,943 $ 13,074,012 Additions during the period: Land — 197,057 1,372 Buildings & improvements and other 711,722 1,286,474 1,127,593 13,929,567 13,571,474 14,202,977 Less: Assets sold, written-off, reclassified to ready for sale and deconsolidated 614,812 353,629 2,115,034 Balance at end of period $ 13,314,755 $ 13,217,845 $ 12,087,943 Accumulated Depreciation Balance at beginning of period $ 3,376,347 $ 3,169,446 $ 3,015,958 Depreciation expense 449,864 362,311 344,301 3,826,211 3,531,757 3,360,259 Less: Accumulated depreciation on assets sold, written-off and deconsolidated 355,220 155,410 190,813 Balance at end of period $ 3,470,991 $ 3,376,347 $ 3,169,446

SEC Schedule III Rollforward of

SEC Schedule III Rollforward of Real Estate Assets and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III Real Estate and Accumulated Depreciation	COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F COLUMN G COLUMN H COLUMN I Encumbrances (1) Initial cost to company Costs Gross amount at which Accumulated Date of construction (3) Date Life on which Land Buildings Land Buildings Total (2) New York Manhattan 1290 Avenue of the Americas $ 950,000 $ 518,244 $ 926,992 $ 269,875 $ 518,244 $ 1,196,867 $ 1,715,111 $ 478,343 1963 2007 (4) One Park Avenue 525,000 197,057 369,016 2,936 197,057 371,952 569,009 14,868 1926 2021 (4) 350 Park Avenue 400,000 265,889 363,381 64,619 265,889 428,000 693,889 170,634 1960 2006 (4) PENN 1 — — 412,169 791,704 — 1,203,873 1,203,873 402,282 1972 1998 (4) 100 West 33rd Street 480,000 331,371 361,443 78,034 331,371 439,477 770,848 178,228 1911/2009 2007 (4) 150 West 34th Street 205,000 (5) 119,657 268,509 — 119,657 268,509 388,166 50,905 1900 2015 (4) PENN 2 575,000 (6) 53,615 164,903 544,767 52,689 710,596 763,285 108,685 1968 1997 (4) 90 Park Avenue — 8,000 175,890 199,485 8,000 375,375 383,375 192,616 1964 1997 (4) 770 Broadway 700,000 52,898 95,686 192,597 52,898 288,283 341,181 142,018 1907 1998 (4) 888 Seventh Avenue 277,800 — 117,269 170,408 — 287,677 287,677 155,181 1980 1998 (4) PENN 11 500,000 40,333 85,259 135,639 40,333 220,898 261,231 102,565 1923 1997 (4) 909 Third Avenue 350,000 — 120,723 122,641 — 243,364 243,364 132,201 1969 1999 (4) 150 East 58th Street — 39,303 80,216 62,924 39,303 143,140 182,443 75,535 1969 1998 (4) 595 Madison Avenue — 62,731 62,888 79,646 62,731 142,534 205,265 58,669 1968 1999 (4) 330 West 34th Street — — 8,599 164,628 — 173,227 173,227 59,405 1925 1998 (4) 715 Lexington Avenue — — 26,903 20,218 30,086 17,035 47,121 1,925 1923 2001 (4) 4 Union Square South 120,000 24,079 55,220 12,513 24,079 67,733 91,812 28,102 1965/2004 1993 (4) The Farley Building — — 476,235 949,500 — 1,425,735 1,425,735 54,042 1912 2018 (4) 260 Eleventh Avenue — — 80,482 6,937 — 87,419 87,419 16,227 1911 2015 (4) 510 Fifth Avenue — 34,602 18,728 8,441 35,864 25,907 61,771 — 2010 (4) 606 Broadway 74,119 45,406 8,993 51,715 45,298 60,816 106,114 6,048 2016 (4) 443 Broadway — 11,187 41,186 (41,283) 2,370 8,720 11,090 — 2013 (4) 435 Seventh Avenue 95,696 19,893 19,091 2,166 19,893 21,257 41,150 11,803 2002 1997 (4) 692 Broadway — 6,053 22,908 (9,677) 3,552 15,732 19,284 — 2005 (4) 131-135 West 33rd Street — 8,315 21,312 477 8,315 21,789 30,104 3,841 2016 (4) 304 Canal Street — 3,511 12,905 (8,272) 1,771 6,373 8,144 337 1910 2014 (4) COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F COLUMN G COLUMN H COLUMN I Encumbrances (1) Initial cost to company Costs Gross amount at which Accumulated Date of construction (3) Date Life on which Land Buildings Land Buildings Total (2) New York - continued Manhattan - continued 1131 Third Avenue $ — $ 7,844 $ 7,844 $ 5,683 $ 7,844 $ 13,527 $ 21,371 $ 3,489 1997 (4) 431 Seventh Avenue — 16,700 2,751 — 16,700 2,751 19,451 1,083 2007 (4) 138-142 West 32nd Street — 9,252 9,936 2,032 9,252 11,968 21,220 2,181 1920 2015 (4) 334 Canal Street — 1,693 6,507 (1,169) 753 6,278 7,031 409 2011 (4) 966 Third Avenue — 8,869 3,631 — 8,869 3,631 12,500 847 2013 (4) 148 Spring Street — 3,200 8,112 408 3,200 8,520 11,720 3,163 2008 (4) 150 Spring Street — 3,200 5,822 327 3,200 6,149 9,349 2,273 2008 (4) 137 West 33rd Street — 6,398 1,550 — 6,398 1,550 7,948 300 1932 2015 (4) 825 Seventh Avenue — 1,483 697 3,982 1,483 4,679 6,162 1,064 1997 (4) 537 West 26th Street — 10,370 17,632 20,000 26,631 21,371 48,002 3,232 2018 (4) 339 Greenwich Street — 2,622 12,333 (10,018) 866 4,071 4,937 245 2017 (4) Hotel Pennsylvania site — 29,903 121,712 109,425 29,903 231,137 261,040 — 1919 1997 (4) Other (Including Signage) — 140,477 31,892 22,106 94,787 99,688 194,475 28,002 — (4) Total Manhattan 5,252,615 2,084,155 4,627,325 4,025,414 2,069,286 8,667,608 10,736,894 2,490,748 Other Properties Paramus, New Jersey — — — 21,224 1,033 20,191 21,224 16,823 1967 1987 (4) Total New York 5,252,615 2,084,155 4,627,325 4,046,638 2,070,319 8,687,799 10,758,118 2,507,571 COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F COLUMN G COLUMN H COLUMN I Encumbrances (1) Initial cost to company Costs Gross amount at which Accumulated Date of construction (3) Date Life on which Land Buildings Land Buildings Total (2) Other theMART theMART, Illinois $ — $ 64,528 $ 319,146 $ 441,840 $ 64,535 $ 760,979 $ 825,514 $ 383,172 1930 1998 (4) 527 West Kinzie, Illinois — 5,166 — 257 5,166 257 5,423 — 1998 Piers 92 and 94, New York — — — 23,838 — 23,838 23,838 4,339 2008 (4) Total theMART — 69,694 319,146 465,935 69,701 785,074 854,775 387,511 555 California Street, California 1,200,000 223,446 895,379 269,215 223,446 1,164,594 1,388,040 432,128 1922,1969 -1970 2007 (4) Borgata Land, Atlantic City, NJ — 83,089 — — 83,089 — 83,089 — 2010 759-771 Madison Avenue (40 East 66th Street) Residential, New York — 8,454 13,321 (8,193) 5,273 8,309 13,582 3,321 2005 (4) Annapolis, Maryland — — 9,652 — — 9,652 9,652 4,964 2005 (4) Wayne Towne Center, New Jersey — — 26,137 48,011 — 74,148 74,148 38,228 2010 (4) Other — — — 7,962 — 7,962 7,962 2,103 (4) Total Other 1,200,000 384,683 1,263,635 782,930 381,509 2,049,739 2,431,248 868,255 Leasehold improvements, equipment and other — — — 125,389 — 125,389 125,389 95,165 Total December 31, 2022 $ 6,452,615 $ 2,468,838 $ 5,890,960 $ 4,954,957 $ 2,451,828 $ 10,862,927 $ 13,314,755 $ 3,470,991 ________________________________________ (1) Represents contractual debt obligations. (2) The net basis of Vornado's assets and liabilities for tax reporting purposes is approximately $1.6 billion lower than the amounts reported for financial statement purposes. (3) Date of original construction - many properties have had substantial renovation or additional construction, see "costs capitalized subsequent to acquisition" column. (4) Depreciation of the buildings and improvements is calculated over lives ranging from the life of the lease to forty years. (5) On January 9, 2023, our $105,000 participation in the $205,000 mortgage loan on 150 West 34th Street was repaid. (6) Secured amount outstanding on revolving credit facilities. The following is a reconciliation of real estate assets and accumulated depreciation: Year Ended December 31, 2022 2021 2020 Real Estate Balance at beginning of period $ 13,217,845 $ 12,087,943 $ 13,074,012 Additions during the period: Land — 197,057 1,372 Buildings & improvements and other 711,722 1,286,474 1,127,593 13,929,567 13,571,474 14,202,977 Less: Assets sold, written-off, reclassified to ready for sale and deconsolidated 614,812 353,629 2,115,034 Balance at end of period $ 13,314,755 $ 13,217,845 $ 12,087,943 Accumulated Depreciation Balance at beginning of period $ 3,376,347 $ 3,169,446 $ 3,015,958 Depreciation expense 449,864 362,311 344,301 3,826,211 3,531,757 3,360,259 Less: Accumulated depreciation on assets sold, written-off and deconsolidated 355,220 155,410 190,813 Balance at end of period $ 3,470,991 $ 3,376,347 $ 3,169,446

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of PresentationThe accompanying consolidated financial statements include the accounts of Vornado and the Operating Partnership and their consolidated subsidiaries. All inter-company amounts have been eliminated. Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which require us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Recently Issued Accounting Literature	Recently Issued Accounting Literature In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-04 establishing Accounting Standards Codification ("ASC") Topic 848, Reference Rate Reform, and in January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope (collectively, "ASC 848"). ASC 848 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASC 848 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. In December 2022, the FASB issued ASU 2022-06, Deferral of the Sunset Date of Topic 848 (“ASU 2022-06”) which was issued to defer the sunset date of ASC 848 to December 31, 2024. ASU 2022-06 is effective immediately for all companies. ASU 2022-06 will have no impact on the Company’s consolidated financial statements for the year ended December 31, 2022. We continue to evaluate the impact of ASC 848 and may apply other elections as applicable as additional changes in the market occur. 2. Basis of Presentation and Significant Accounting Policies - continued Recently Issued Accounting Literature - continued In August 2020, the FASB issued an update ("ASU 2020-06") Debt - Debt with Conversion and Other Options (ASC Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (ASC 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 adopted this update effective January 1, 2022 using the modified retrospective approach which did not have a material impact on our consolidated financial statements and disclosures. 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"). ASU 2021-05 provides additional ASC 842 classification guidance as it relates to a lessor's accounting for certain leases with variable lease payments. ASU 2021-05 requires a lessor to classify a lease with variable payments that do not depend on an index or rate as an operating lease if either a sales-type lease or direct financing lease classification would trigger a day-one loss. ASU 2021-05 is effective for reporting periods beginning after December 15, 2021, with early adoption permitted. We adopted this update effective January 1, 2022 which did not have an impact on our consolidated financial statements and disclosures.
Real Estate	Real Estate: Real estate is carried at cost, net of accumulated depreciation and amortization. Betterments, major renewals and certain costs directly related to the improvement and leasing of real estate are capitalized. Maintenance and repairs are expensed as incurred. For redevelopment of existing operating properties, the net book value of the existing property under redevelopment plus the cost for the construction and improvements incurred in connection with the redevelopment, including interest and debt expense, are capitalized to the extent the capitalized costs of the property do not exceed the estimated fair value of the redeveloped property when complete. If the cost of the redeveloped property, including the net book value of the existing property, exceeds the estimated fair value of the redeveloped property, the excess is charged to expense. Depreciation is recognized on a straight-line basis over the estimated useful lives of these assets which range from 7 to 40 years. Tenant allowances are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Upon the acquisition of real estate, we assess whether the transaction should be accounted for as an asset acquisition or as a business combination. Acquisitions of integrated sets of assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. Our acquisitions of real estate generally will not meet the definition of a business because substantially all of the fair value is concentrated in a single identifiable asset or group of similar identifiable assets (i.e. land, buildings, and related identified intangible assets). We assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above and below-market leases, acquired in-place leases and tenant relationships) and acquired liabilities and we allocate the purchase price based on these assessments which are on a relative fair value basis. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We amortize identified intangibles that have finite lives over the period they are expected to contribute directly or indirectly to the future cash flows of the property or business acquired. Our properties, including any related right-of-use ("ROU") assets and intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Impairment analyses are based on information available at the time the analyses are prepared. Estimates of future cash flows are subjective and are based, in part, on assumptions regarding future rental revenues, operating expenses, capital expenditures, discount rates and capitalization rates which could differ materially from actual results. 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.
Partially Owned Entities	Partially Owned Entities: We consolidate entities in which we have a controlling financial interest. In determining whether we have a controlling financial interest in a partially owned entity and the requirement to consolidate the accounts of that entity, we consider (i) whether the entity is a variable interest entity (“VIE”) in which we are the primary beneficiary or (ii) whether the entity is a voting interest entity in which we have a majority of the voting interests of the entity. We are deemed to be the primary beneficiary of a VIE when we have (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. We generally do not control a partially owned entity if the approval of all of the partners/members is contractually required with respect to decisions that most significantly impact the performance of the partially owned entity. This includes decisions regarding operating/capital budgets, and the placement of new or additional financing secured by the assets of the venture, among others. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments are initially recorded at cost and subsequently adjusted for our share of net income or loss and cash contributions and distributions each period. Equity investments that do not qualify for consolidation or equity method accounting are recorded at fair value in accordance with ASC Topic 321, Investments-Equity Securities ("ASC 321") or, if fair value is not readily determinable, are initially recognized at cost and subsequently remeasured if there is an orderly transaction in an identical or similar investment of the same issuer or if the investment is impaired. Investments in unconsolidated partially owned entities are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recorded when there is a decline in the fair value of an investment below its carrying value and we conclude that the decline is other-than-temporary during our intended holding period. An impairment loss is measured based on the excess of the carrying amount of an investment over its estimated fair value. Impairment analyses are based on information available at the time the analyses are prepared. Estimates of future cash flows are subjective and are based, in part, on assumptions regarding future rental revenues, operating expenses, capital expenditures, discount rates and capitalization rates which could differ materially from actual results.
220 Central Park South Condominium Units Ready For Sale	220 Central Park South Condominium Units Ready For Sale: Our 220 Central Park South (“220 CPS”) residential condominium units are reclassified from “development costs and construction in progress” to “220 Central Park South condominium units ready for sale” upon receipt of the unit’s temporary certificate of occupancy. These units are substantially complete and ready for sale. Each unit is carried at the lower of its carrying amount or fair value less costs to sell. We have used the relative sales value method to allocate costs to individual condominium units. GAAP income is recognized when legal title transfers upon closing of the condominium unit sales and is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. As of December 31, 2022 and 2021, none of the 220 CPS condominium units ready for sale had a carrying value that exceeded fair value.
Cash And Cash Equivalents	Cash and Cash Equivalents: Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less and are carried at cost, which approximates fair value due to their short-term maturities. The majority of our cash and cash equivalents consists of (i) deposits at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit and (ii) Certificate of Deposits placed through an Account Registry Service.
Restricted Cash	Restricted Cash: Restricted cash consists of security deposits, cash restricted for the purposes of facilitating a Section 1031 Like-Kind exchange, cash restricted in connection with our deferred compensation plan and cash escrowed under loan agreements, including for debt service, real estate taxes, property insurance and capital improvements.
Investments in U.S. Treasury Bills	Investments in U.S. Treasury Bills : Treasury bills are short-term debt obligations with maturities of one year or less issued by the U.S. Treasury Department and backed by the U.S. Government. Treasury bills yield no interest, but are issued at a discount to the redemption price. We classify our investments in U.S. Treasury bills as available-for-sale debt investments. We use quoted market prices to determine the fair value of our investments in U.S. Treasury bills.
Deferred Charges	Deferred Charges: Direct financing costs are deferred and amortized over the terms of the related agreements as a component of interest expense. Direct and incremental costs related to successful leasing activities are capitalized and amortized on a straight-line basis over the lives of the related leases. All other deferred charges are amortized on a straight-line basis, which approximates the effective interest rate method, in accordance with the terms of the agreements to which they relate.
Revenue Recognition	Revenue Recognition: • Rental revenues include revenues from the leasing of space at our properties to tenants, trade shows, tenant services and parking garage revenues. • Revenues from the leasing of space at our properties to tenants include (i) lease components, including fixed and variable lease payments, and nonlease components which include reimbursement of common area maintenance expenses, and (ii) reimbursement of real estate taxes and insurance expenses. As lessor, we have elected to combine the lease and nonlease components of our operating lease agreements and account for the components as a single lease component in accordance with ASC 842. • Revenues from fixed lease payments for operating leases are recognized on a straight-line basis over the non-cancelable term of the lease, together with renewal options that are reasonably certain of being exercised. We commence revenue recognition when the tenant takes possession of the leased space and the leased space is substantially ready for its intended use. • Revenues derived from the reimbursement of real estate taxes, insurance expenses and common area maintenance expenses are generally recognized in the same period as the related expenses are incurred. • We recognize amortization of acquired below-market leases as an increase to rental revenues and amortization of acquired above-market leases as a decrease to rental revenues over the term of the lease (see Note 8 - Identified Intangible Assets and Liabilities ). • Revenues from the operation of trade shows at our properties, primarily derived from booth rentals, are recognized when the trade show booths are made available for use by the exhibitors, in accordance with ASC 842. • Revenues derived from sub-metered electric, elevator, trash removal and other services provided to our tenants at their request are recognized as the services are transferred in accordance with ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"). • Revenues derived from the operations of our parking facilities, which charge hourly or monthly fees to provide parking services to customers, are recognized as the services are transferred in accordance with ASC 606. • We classify revenues derived from management, leasing and other contractual agreements (including BMS cleaning, engineering and security services) with third parties or with partially owned entities as “fee and other income” and recognize revenue as the services are transferred in accordance with ASC 606. We evaluate on an individual lease basis whether it is probable that we will collect substantially all amounts due from our tenants and recognize changes in the collectability assessment of our operating leases as adjustments to rental revenue. Management exercises judgment in assessing collectability of tenant receivables and considers payment history, current credit status and publicly available information about the financial condition of the tenant, the impact of COVID-19 on tenants' businesses, and other factors. Tenant receivables, including receivables arising from the straight-lining of rents, are written off when management deems that the collectability of substantially all future lease payments from a specific lease is not probable of collection, at which point, the Company will limit future rental revenues to cash received. We have made a policy election in accordance with the FASB Staff Q&A which provides relief in accounting for leases during the COVID-19 pandemic, allowing us to continue recognizing rental revenue on a straight-line basis for rent deferrals, with no impact to revenue recognition, and to recognize rent abatements as a reduction to rental revenue in the period granted.
Income Taxes	Income Taxes: Vornado operates in a manner intended to enable it to continue to qualify as a REIT under Sections 856‑860 of the Internal Revenue Code of 1986, as amended. Under those sections, a REIT which distributes at least 90% of its REIT taxable income as a dividend to its shareholders each year and which meets certain other conditions will not be taxed on that portion of its taxable income which is distributed to its shareholders. Vornado distributes to its shareholders 100% of its REIT taxable income and therefore, no provision for Federal income taxes is required. Dividends distributed for the year ended December 31, 2022 were characterized, for federal income tax purposes, as ordinary income under Section 199A of the Internal Revenue Code. Dividends distributed for the year ended December 31, 2021 were characterized for federal income tax purposes as 84.2% ordinary income under Section 199A of the Internal Revenue Code and 15.8% qualified dividend income (taxed as long-term capital gain). Dividends distributed for the year ended December 31, 2020 were characterized for federal income tax purposes as ordinary income under Section 199A of the Internal Revenue Code. We have elected to treat certain consolidated subsidiaries, and may in the future elect to treat newly formed subsidiaries, as taxable REIT subsidiaries pursuant to an amendment to the Internal Revenue Code that became effective January 1, 2001. Taxable REIT subsidiaries may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to Federal and State income tax at regular corporate tax rates. The Farley Building and our 220 CPS condominium project are held through taxable REIT subsidiaries.
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. Class A units may be tendered for redemption to the Operating Partnership for cash; Vornado, at its option, may assume that obligation and pay the holder either cash or Vornado common shares on a one-for-one basis. Because the number of Vornado common shares outstanding at all times equals the number of Class A units owned by Vornado, the redemption value of each Class A unit is equivalent to the market value of one Vornado common share, and the quarterly distribution to a Class A unitholder is equal to the quarterly dividend paid to a Vornado common shareholder. 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 . Accordingly, the fair value of these units is included as a component of "other liabilities" on our consolidated balance sheets and aggregated $49,383,000 and $49,659,000 as of December 31, 2022 and 2021, respectively. Changes in the value from period-to-period, if any, are charged to “interest and debt expense” on our consolidated statements of income.
Variable Interest Entities	Unconsolidated VIEsAs of December 31, 2022 and 2021, we had 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 Consolidated VIEs Our most significant consolidated VIEs are the Operating Partnership (for Vornado), the Farley joint venture and certain properties that have noncontrolling interests. These entities are VIEs because the noncontrolling interests do not have substantive kick-out or participating rights. We consolidate these entities because we control all significant business activities.
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 as well as certain U.S. Treasury securities that are highly liquid and are actively traded in secondary markets; 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.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Below is a summary of our revenues by segment. Additional financial information related to these reportable segments for the years ended December 31, 2022, 2021 and 2020 is set forth in Note 23 - Segment Information. (Amounts in thousands) For the Year Ended December 31, 2022 Total New York Other Property rentals $ 1,510,648 $ 1,230,851 $ 279,797 Trade shows (1) 32,669 — 32,669 Lease revenues (2) 1,543,317 1,230,851 312,466 Tenant services 45,211 33,351 11,860 Parking revenues 19,157 15,979 3,178 Rental revenues 1,607,685 1,280,181 327,504 BMS cleaning fees 137,673 146,530 (8,857) (3) Management and leasing fees 11,039 11,645 (606) Other income 43,598 11,086 32,512 Fee and other income 192,310 169,261 23,049 Total revenues $ 1,799,995 $ 1,449,442 $ 350,553 ____________________ See notes on following page. (Amounts in thousands) For the Year Ended December 31, 2021 Total New York Other Property rentals $ 1,354,209 $ 1,071,816 $ 282,393 Trade shows (1) 19,482 — 19,482 Lease revenues (2) 1,373,691 1,071,816 301,875 Tenant services 37,449 26,048 11,401 Parking revenues 13,391 11,370 2,021 Rental revenues 1,424,531 1,109,234 315,297 BMS cleaning fees 119,780 126,891 (7,111) (3) Management and leasing fees 11,725 12,177 (452) Other income 33,174 9,297 23,877 Fee and other income 164,679 148,365 16,314 Total revenues $ 1,589,210 $ 1,257,599 $ 331,611 ____________________ See notes on following page. 3. Revenue Recognition - continued (Amounts in thousands) For the Year Ended December 31, 2020 Total New York Other Property rentals $ 1,323,347 $ 1,051,009 $ 272,338 Hotel Pennsylvania (4) 8,741 8,741 — Trade shows (1) 11,303 — 11,303 Lease revenues (2) 1,343,391 1,059,750 283,641 Tenant services 34,244 23,750 10,494 Rental revenues 1,377,635 1,083,500 294,135 BMS cleaning fees 105,536 112,112 (6,576) (3) Management and leasing fees 19,416 19,508 (92) Other income 25,364 6,628 18,736 Fee and other income 150,316 138,248 12,068 Total revenues $ 1,527,951 $ 1,221,748 $ 306,203 ________________________________________ (1) 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. (2) The components of lease revenues were as follows: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Fixed billings $ 1,376,527 $ 1,277,645 $ 1,292,174 Variable billings 122,947 108,850 126,907 Total contractual operating lease billings 1,499,474 1,386,495 1,419,081 Adjustment for straight-line rents and amortization of acquired below-market leases and other, net 44,715 (5,109) (12,486) Less: write-off of straight-line rent and tenant receivables deemed uncollectible (872) (7,695) (63,204) Lease revenues $ 1,543,317 $ 1,373,691 $ 1,343,391 (3) Represents the elimination of BMS cleaning fees related to theMART and 555 California Street which are included as income in the New York segment. (4) We permanently closed the Hotel Pennsylvania on April 5, 2021 and plan to develop an office tower on the site.
Operating Lease, Lease Income	The components of lease revenues were as follows: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Fixed billings $ 1,376,527 $ 1,277,645 $ 1,292,174 Variable billings 122,947 108,850 126,907 Total contractual operating lease billings 1,499,474 1,386,495 1,419,081 Adjustment for straight-line rents and amortization of acquired below-market leases and other, net 44,715 (5,109) (12,486) Less: write-off of straight-line rent and tenant receivables deemed uncollectible (872) (7,695) (63,204) Lease revenues $ 1,543,317 $ 1,373,691 $ 1,343,391

Real Estate Fund Investments (T

Real Estate Fund Investments (Tables)	12 Months Ended
	Dec. 31, 2022
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 Year Ended December 31, 2022 2021 2020 Previously recorded unrealized loss on exited investments $ 59,396 $ — $ — Realized (loss) income on exited investments (54,255) 1,364 — Net unrealized (loss) income on held investments (7,730) 3,257 (226,107) Net investment income (loss) 6,130 6,445 (220) Income (loss) from real estate fund investments 3,541 11,066 (226,327) Less (income) loss attributable to noncontrolling interests in consolidated subsidiaries (1,870) (7,309) 163,213 Income (loss) from real estate fund investments net of noncontrolling interests in consolidated subsidiaries $ 1,671 $ 3,757 $ (63,114)
Summary of Changes In Fair Value of Fund and the Crowne Plaza Joint Venture	The table below summarizes the changes in the fair value of the Fund and the Crowne Plaza Joint Venture. (Amounts in thousands) For the Year Ended December 31, 2022 2021 Beginning balance $ 7,730 $ 3,739 Previously recorded unrealized loss on exited investments 59,396 — Realized (loss) income on exited investments (54,255) 1,364 Net unrealized (loss) income on held investments (7,730) 3,257 Dispositions (5,141) (5,104) Purchases/additional fundings — 4,474 Ending balance $ — $ 7,730

Investments in Partially Owne_2

Investments in Partially Owned Entities (Tables)	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Below is a schedule of our investments in partially owned entities. (Amounts in thousands) Percentage Ownership at December 31, 2022 Balance as of December 31, 2022 2021 Investments: Fifth Avenue and Times Square JV (see page 89 51.5% $ 2,272,320 $ 2,770,633 Partially owned office buildings/land (1) Various 182,180 299,101 Alexander’s (see page 90 32.4% 87,796 91,405 Other investments (2) Various 122,777 136,250 $ 2,665,073 $ 3,297,389 Investments in partially owned entities included in other liabilities (3) : 7 West 34th Street 53.0% $ (65,522) $ (60,918) 85 Tenth Avenue 49.9% (16,006) (18,067) $ (81,528) $ (78,985) ________________________________________ (1) Includes interests in 280 Park Avenue, 650 Madison Avenue (balance reduced to zero in 2022), 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. Below is a schedule of (loss) income from partially owned entities. (Amounts in thousands) Percentage Ownership at December 31, 2022 For the Year Ended December 31, 2022 2021 2020 Our share of net (loss) income: Fifth Avenue and Times Square JV (see page 89 Non-cash impairment loss 51.5% $ (489,859) $ — $ (413,349) Equity in net income (1) 55,248 47,144 21,063 Return on preferred equity, net of our share of the expense 37,416 37,416 37,357 (397,195) 84,560 (354,929) Alexander's (see page 90 Equity in net income (2) 32.4% 18,439 20,116 13,326 Net gain on sale of land — 14,576 — Management, leasing and development fees 4,534 5,429 5,309 22,973 40,121 18,635 Partially owned office buildings (3) Various (110,261) 6,384 11,943 Other investments (4) Various 23,132 (548) (4,761) $ (461,351) $ 130,517 $ (329,112) ________________________________________ (1) Our share of depreciation and amortization expense in 2022 and 2021 was reduced compared to 2020 primarily due to non-cash impairment losses recognized in 2020. (2) 2020 includes our $4,846 share of write-offs of lease receivables deemed uncollectible. (3) Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue (consolidated from August 5, 2021), 7 West 34th Street, 512 West 22nd Street, 61 Ninth Avenue, 85 Tenth Avenue and others. 2022 includes a $93,353 impairment loss on our investment in 650 Madison Avenue. (4) Includes interests in Independence Plaza, Rosslyn Plaza and others. 2022 includes $17,185 of net gains from dispositions of two investments. 5. Investments in Partially Owned Entities - continued Below is a summary of the debt of our partially owned entities. (Amounts in thousands) Percentage Ownership at December 31, 2022 Maturity Weighted Average Interest Rate at December 31, 2022 (1) 100% Partially Owned Entities’ Debt (2) at December 31, 2022 2021 Mortgages Payable: Partially owned office buildings (3) Various 2023-2029 4.82% $ 3,288,977 $ 3,297,999 Alexander's 32.4% 2024-2027 4.12% 1,096,544 1,096,544 Fifth Avenue and Times Square JV (4) 51.5% 2022-2024 5.55% 921,000 950,000 Other (5) Various 2023-2032 5.14% 1,377,492 1,342,162 ________________________________________ (1) Represents the interest rate in effect as of period end based on the appropriate reference rate as of the contractual reset date plus contractual spread, adjusted for hedging instruments, as applicable. (2) All amounts are non-recourse to us except (i) the $500,000 mortgage loan on 640 Fifth Avenue, included in the Fifth Avenue and Times Square JV, and (ii) the $300,000 mortgage loan on 7 West 34th Street. (3) Includes interests in 280 Park Avenue, 650 Madison Avenue, 7 West 34th Street, 512 West 22nd Street, 61 Ninth Avenue, 85 Tenth Avenue and others. (4) Includes the 697-703 Fifth Avenue mortgage loan which was not repaid upon its December 2022 maturity, resulting in an event of default. See page 90 (5) Includes interests in Independence Plaza, Rosslyn Plaza and others. Based on our ownership interest in the partially owned entities above, our pro rata share of the debt of these partially owned entities was $2,697,226,000 and $2,699,405,000 as of December 31, 2022 and 2021, respectively. Summary of Condensed Combined Financial Information The following is a summary of condensed combined financial information for all of our partially owned entities. (Amounts in thousands) As of December 31, 2022 2021 Balance Sheet: Assets $ 12,012,000 $ 12,689,000 Liabilities 7,519,000 7,553,000 Noncontrolling interests 2,095,000 2,069,000 Equity 2,398,000 3,067,000 (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Income Statement: Total revenue $ 1,189,000 $ 1,184,000 $ 1,163,000 Net (loss) income (404,000) 190,000 45,000 Net (loss) income attributable to the entities (483,000) 114,000 (33,000)

Identified Intangible Assets _2

Identified Intangible Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
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 December 31, 2022 2021 Identified intangible assets: Gross amount $ 237,777 $ 252,081 Accumulated amortization (98,139) (97,186) Total, net $ 139,638 $ 154,895 Identified intangible liabilities (included in deferred revenue): Gross amount $ 244,396 $ 256,065 Accumulated amortization (208,592) (212,245) Total, net $ 35,804 $ 43,820
Below Market Leases Net Of Above Market Leases
Finite-Lived Intangible Assets [Line Items]
Schedule of future amortization expense of intangible assets	Estimated annual amortization for each of the five succeeding years commencing January 1, 2023 is below: (Amounts in thousands) 2023 $ 5,471 2024 2,352 2025 941 2026 299 2027 (148)
Other Identified Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Schedule of future amortization expense of intangible assets	1, 2023 is below: (Amounts in thousands) 2023 $ 7,948 2024 7,128 2025 6,077 2026 5,884 2027 5,449

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Derivative Instrument Interest Rate Hedging Activities	We entered into the following interest rate swap arrangements during the year ended December 31, 2022. See Note 13 - Fair Value Measurements for further information on our consolidated hedging instruments. (Amounts in thousands) Notional Amount All-In Swapped Rate Swap Expiration Date Variable Rate Spread 770 Broadway mortgage loan $ 700,000 4.98% 07/27 S+225 Unsecured revolving credit facility 575,000 3.88% 08/27 S+115 Unsecured term loan (1)(2) 50,000 4.04% 08/27 S+130 Unsecured term loan (effective 10/23) (2) 500,000 4.39% 10/26 S+130 100 West 33rd Street mortgage loan 480,000 5.06% 06/27 S+165 888 Seventh Avenue mortgage loan (3) 200,000 4.76% 09/27 S+180 ________________________________________ (1) Together with the existing $750,000 interest rate swap arrangement expiring October 2023, the $800,000 unsecured term loan balance currently bears interest at a fixed rate of 4.05%. (2) On February 7, 2023, we entered into a forward interest rate swap arrangement for $150,000 of the $800,000 unsecured term loan, effective October 2023 and expiring July 2025.
Schedule of Debt	The following is a summary of our debt: (Amounts in thousands) Weighted Average Interest Rate at December 31, 2022 (1) Balance as of December 31, 2022 2021 Mortgages Payable: Fixed rate 3.63% $ 3,570,000 $ 2,190,000 Variable rate (2) 5.67% 2,307,615 3,909,215 Total 4.43% 5,877,615 6,099,215 Deferred financing costs, net and other (48,597) (45,872) Total, net $ 5,829,018 $ 6,053,343 Unsecured Debt: Senior unsecured notes 3.02% $ 1,200,000 $ 1,200,000 Deferred financing costs, net and other (8,168) (10,208) Senior unsecured notes, net 1,191,832 1,189,792 Unsecured term loan 4.05% 800,000 800,000 Deferred financing costs, net and other (6,807) (2,188) Unsecured term loan, net 793,193 797,812 Unsecured revolving credit facilities 3.88% 575,000 575,000 Total, net $ 2,560,025 $ 2,562,604 ________________________________________ (1) Represents the interest rate in effect as of period end based on the appropriate reference rate as of the contractual reset date plus contractual spread, adjusted for hedging instruments, as applicable. (2) As of December 31, 2022, our variable rate debt is subject to interest rate cap arrangements with a total notional amount of $1,649,120. The interest rate cap arrangements have a weighted average strike rate of 4.14% and a weighted average remaining term of nine months. These amounts exclude the forward cap we entered into in December 2022 for the $525,000 One Park Avenue mortgage loan effective upon the March 2023 expiration of the existing cap. The forward cap has a SOFR strike rate of 3.89% and expires in March 2024.
Schedule of Maturities of Long-Term Debt	As of December 31, 2022, the principal maturities of mortgages payable and unsecured debt, including as-of-right extension options, for the next five years and thereafter are as follows: (Amounts in thousands) Mortgages Payable Unsecured Debt Year Ended December 31, 2023 $ 21,600 $ — 2024 396,415 — 2025 854,600 450,000 2026 525,000 400,000 2027 1,580,000 1,375,000 Thereafter 2,500,000 350,000

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interests (Tables)	12 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Operating Partnership Units Held By Third Parties	Below are the details of redeemable noncontrolling partnership units. (Amounts in thousands, except units and per unit amounts) Balance as of December 31, Units Outstanding as of December 31, Per Unit Preferred or Unit Series 2022 2021 2022 2021 Common: Class A units held by third parties $ 345,157 (1) $ 587,440 (2) 14,416,891 14,033,438 n/a $ 2.12 Perpetual Preferred/Redeemable Preferred: 3.25% D-17 Cumulative Redeemable (3) $ 3,535 $ 3,535 141,400 141,400 $ 25.00 $ 0.8125 ________________________________________ (1) Aggregate redemption value was based on carrying amount. (2) Aggregate redemption value was based on Vornado's year-end closing common share price. (3) Holders may tender units for redemption to the Operating Partnership for cash at their stated redemption amount; Vornado, at its option, may assume that obligation and pay the holders either cash or Vornado preferred shares on a one-for-one basis. These units are redeemable at Vornado's option at any time.
Summary Of Activity Of Redeemable Noncontrolling Interests	Below is a table summarizing the activity of redeemable noncontrolling partnership units. (Amounts in thousands) For the Year Ended December 31, 2022 2021 Beginning balance $ 590,975 $ 511,747 Net (loss) income (30,376) 7,540 Other comprehensive income 14,250 4,048 Distributions (30,311) (29,901) Redemption of Class A units for Vornado common shares, at redemption value (3,524) (14,576) Redeemable Class A unit measurement adjustment (221,145) 76,073 Other, net 28,823 36,044 Ending balance $ 348,692 $ 590,975 Below is a table summarizing the activity of the redeemable noncontrolling interest in a consolidated subsidiary. For the Year Ended December 31, (Amounts in thousands) 2022 2021 Beginning balance $ 97,708 $ 94,520 Net (loss) income (9,668) 3,188 Ending balance $ 88,040 $ 97,708

Shareholders' Equity_Partners_2

Shareholders' Equity/Partners' Capital (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule Of Preferred Units	The following table sets forth the details of our preferred shares of beneficial interest and the preferred units of the Operating Partnership outstanding as of December 31, 2022 and 2021. During 2022, preferred dividends were $62,116,000. (Amounts in thousands, except share/unit and per share/per unit amounts) Per Share/Unit Preferred Shares/Units Balance Shares/Units Outstanding Liquidation Annual (1) Convertible Preferred: 6.5% Series A: authorized 12,902 shares/units (2) $ 920 12,902 $ 50.00 $ 3.25 Cumulative Redeemable Preferred (3) : 5.40% Series L: authorized 13,800,000 shares/units 290,306 12,000,000 25.00 1.35 5.25% Series M: authorized 13,800,000 shares/units 308,946 12,780,000 25.00 1.3125 5.25% Series N: authorized 12,000,000 shares/units 291,134 12,000,000 25.00 1.3125 4.45% Series O: authorized 12,000,000 shares/units 291,153 12,000,000 25.00 1.1125 $ 1,182,459 48,792,902 ________________________________________ (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.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Fair Value, Schedule of Assets and Liabilities Measures on Recurring Basis	The tables below aggregate the fair values of these financial assets and liabilities by their levels in the fair value hierarchy. (Amounts in thousands) As of December 31, 2022 Total Level 1 Level 2 Level 3 Investments in U.S. Treasury bills (1) $ 471,962 $ 471,962 $ — $ — Deferred compensation plan assets ($7,763 included in restricted cash and $88,559 in other assets) 96,322 57,406 — 38,916 Loans receivable ($50,091 included in investments in partially owned entities and $4,306 in other assets) 54,397 — — 54,397 Interest rate swaps and caps (included in other assets) 183,804 — 183,804 — Total assets $ 806,485 $ 529,368 $ 183,804 $ 93,313 Mandatorily redeemable instruments (included in other liabilities) $ 49,383 $ 49,383 $ — $ — (Amounts in thousands) As of December 31, 2021 Total Level 1 Level 2 Level 3 Real estate fund investments $ 7,730 $ — $ — $ 7,730 Deferred compensation plan assets ($9,104 included in restricted cash and $101,070 in other assets) 110,174 65,158 — 45,016 Loans receivable ($46,444 included in investments in partially owned entities and $3,738 in other assets) 50,182 — — 50,182 Interest rate swaps (included in other assets) 18,929 — 18,929 — Total assets $ 187,015 $ 65,158 $ 18,929 $ 102,928 Mandatorily redeemable instruments (included in other liabilities) $ 49,659 $ 49,659 $ — $ — Interest rate swaps (included in other liabilities) 32,837 — 32,837 — Total liabilities $ 82,496 $ 49,659 $ 32,837 $ — ________________________________________ (1) During the year ended December 31, 2022, we purchased $1,066,096 in U.S. Treasury bills with an aggregate par value of $1,077,000 and realized net proceeds of $600,000 from maturing U.S. Treasury bills. As of December 31, 2022, our investments in U.S. Treasury bills have an aggregate accreted cost of $473,171 and have remaining maturities of less than one year.
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 December 31, 2022 As of December 31, 2021 Carrying Fair Carrying Fair Cash equivalents $ 402,903 $ 403,000 $ 1,346,684 $ 1,347,000 Debt: Mortgages payable $ 5,877,615 $ 5,697,000 $ 6,099,215 $ 6,052,000 Senior unsecured notes 1,200,000 1,021,000 1,200,000 1,230,000 Unsecured term loan 800,000 800,000 800,000 800,000 Unsecured revolving credit facilities 575,000 575,000 575,000 575,000 Total $ 8,452,615 (1) $ 8,093,000 $ 8,674,215 (1) $ 8,657,000 ________________________________________ (1) Excludes $63,572 and $58,268 of deferred financing costs, net and other as of December 31, 2022 and 2021, respectively.
Summary of Changes In Fair Value of Real Estate Fund Investments	The table below summarizes the changes in the fair value of the Fund and the Crowne Plaza Joint Venture. (Amounts in thousands) For the Year Ended December 31, 2022 2021 Beginning balance $ 7,730 $ 3,739 Previously recorded unrealized loss on exited investments 59,396 — Realized (loss) income on exited investments (54,255) 1,364 Net unrealized (loss) income on held investments (7,730) 3,257 Dispositions (5,141) (5,104) Purchases/additional fundings — 4,474 Ending balance $ — $ 7,730
Schedule of Derivative Assets at Fair Value	The following table summarizes our consolidated hedging instruments, all of which hedge variable rate debt, as of December 31, 2022 and 2021, respectively. (Amounts in thousands) Fair Value December 31, As of December 31, 2022 2022 2021 Notional Amount All-In Swapped Rate Swap Expiration Date Interest Rate Swaps: 555 California Street mortgage loan $ 49,888 $ 11,814 $ 840,000 (1) 2.26% 05/24 770 Broadway mortgage loan 29,226 — 700,000 4.98% 07/27 PENN 11 mortgage loan 26,587 6,565 500,000 2.22% 03/24 Unsecured revolving credit facility 24,457 — 575,000 3.88% 08/27 Unsecured term loan 14,694 (28,976) 800,000 4.05% (2) 100 West 33rd Street mortgage loan 6,886 — 480,000 5.06% 06/27 888 Seventh Avenue mortgage loan 6,544 — 200,000 (3) 4.76% 09/27 Unsecured term loan (effective October 2023) 6,330 — 500,000 4.39% 10/26 4 Union Square South mortgage loan 4,050 (3,861) 100,000 (4) 3.74% 01/25 Interest Rate Caps: 1290 Avenue of the Americas mortgage loan 7,590 411 950,000 (5) 11/23 One Park Avenue mortgage loan 5,472 — 525,000 (6) 03/24 Various mortgage loans 2,080 139 Included in other assets $ 183,804 $ 18,929 Included in other liabilities $ — $ 32,837 ________________________________________ (1) Represents our 70.0% share of the $1.2 billion mortgage loan. (2) Comprised of a $750,000 interest rate swap arrangement expiring October 2023 and a $50,000 interest rate swap arrangement expiring August 2027. (3) The remaining $77,800 amortizing mortgage loan balance bears interest at a floating rate of SOFR plus 1.80% (5.92% as of December 31, 2022). (4) Upon the sale of 33-00 Northern Boulevard in June 2022, the $100,000 corporate-level interest rate swap was reallocated and now hedges the interest rate on $100,000 of the 4 Union Square South mortgage loan through January 2025. The remaining $20,000 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50% (5.62% as of December 31, 2022). (5) LIBOR cap strike rate of 4.00%. (6) SOFR cap strike rate of 4.39%. In December 2022, we entered into a forward cap for the $525,000 One Park Avenue mortgage loan effective upon the March 2023 expiration of the existing cap. The forward cap has a SOFR strike rate of 3.89% and expires in March 2024.
Schedule of Derivative Liabilities at Fair Value	The following table summarizes our consolidated hedging instruments, all of which hedge variable rate debt, as of December 31, 2022 and 2021, respectively. (Amounts in thousands) Fair Value December 31, As of December 31, 2022 2022 2021 Notional Amount All-In Swapped Rate Swap Expiration Date Interest Rate Swaps: 555 California Street mortgage loan $ 49,888 $ 11,814 $ 840,000 (1) 2.26% 05/24 770 Broadway mortgage loan 29,226 — 700,000 4.98% 07/27 PENN 11 mortgage loan 26,587 6,565 500,000 2.22% 03/24 Unsecured revolving credit facility 24,457 — 575,000 3.88% 08/27 Unsecured term loan 14,694 (28,976) 800,000 4.05% (2) 100 West 33rd Street mortgage loan 6,886 — 480,000 5.06% 06/27 888 Seventh Avenue mortgage loan 6,544 — 200,000 (3) 4.76% 09/27 Unsecured term loan (effective October 2023) 6,330 — 500,000 4.39% 10/26 4 Union Square South mortgage loan 4,050 (3,861) 100,000 (4) 3.74% 01/25 Interest Rate Caps: 1290 Avenue of the Americas mortgage loan 7,590 411 950,000 (5) 11/23 One Park Avenue mortgage loan 5,472 — 525,000 (6) 03/24 Various mortgage loans 2,080 139 Included in other assets $ 183,804 $ 18,929 Included in other liabilities $ — $ 32,837 ________________________________________ (1) Represents our 70.0% share of the $1.2 billion mortgage loan. (2) Comprised of a $750,000 interest rate swap arrangement expiring October 2023 and a $50,000 interest rate swap arrangement expiring August 2027. (3) The remaining $77,800 amortizing mortgage loan balance bears interest at a floating rate of SOFR plus 1.80% (5.92% as of December 31, 2022). (4) Upon the sale of 33-00 Northern Boulevard in June 2022, the $100,000 corporate-level interest rate swap was reallocated and now hedges the interest rate on $100,000 of the 4 Union Square South mortgage loan through January 2025. The remaining $20,000 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50% (5.62% as of December 31, 2022). (5) LIBOR cap strike rate of 4.00%. (6) SOFR cap strike rate of 4.39%. In December 2022, we entered into a forward cap for the $525,000 One Park Avenue mortgage loan effective upon the March 2023 expiration of the existing cap. The forward cap has a SOFR strike rate of 3.89% and expires in March 2024.
Deferred Compensation Plan Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Schedule of Carrying Amounts and Fair Values of Financial Instruments	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 Year Ended December 31, 2022 2021 Beginning balance $ 45,016 $ 39,928 Purchases 4,507 5,705 Sales (9,941) (4,766) Realized and unrealized (losses) gains (3,781) 2,250 Other, net 3,115 1,899 Ending balance $ 38,916 $ 45,016
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. As of December 31, Unobservable Quantitative Input 2022 2021 Discount rates 7.5% 6.5% Terminal capitalization rates 5.5% 5.0%
Summary of Changes In Fair Value of Real Estate Fund Investments	The table below summarizes the changes in fair value of loans receivable that are classified as Level 3. For the Year Ended December 31, (Amounts in thousands) 2022 2021 Beginning balance $ 50,182 $ 47,743 Interest accrual 4,748 3,714 Paydowns (533) (1,275) Ending balance $ 54,397 $ 50,182
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 assets. December 31, 2022 Unobservable Quantitative Input Range Weighted Average Discount rates 7.50% - 8.00% 7.52% Terminal capitalization rates 4.75% - 5.50% 4.78%

Stock-based Compensation (Table

Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule Of Other Share Based Compensation, Activity	Below is a summary of our stock-based compensation expense, a component of "general and administrative" expense on our consolidated statements of income. (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 OP Units $ 21,086 $ 27,698 $ 33,431 LTPP Units 5,145 — — OPPs 1,906 8,629 9,579 AO LTIP Units 430 877 3,955 Vornado stock options 296 456 656 Vornado restricted stock 292 450 649 Performance Conditioned AO LTIP Units 94 219 407 $ 29,249 $ 38,329 $ 48,677
Schedule of Unrecognized Compensation Expense	Below is a summary of unrecognized compensation expense for the year ended December 31, 2022. (Amounts in thousands) As of Weighted-Average OP Units $ 7,834 1.4 OPPs 3,198 1.6 LTPP Units 2,702 1.8 Vornado stock options 175 1.0 Vornado restricted stock 172 1.0 AO LTIP Units 131 1.0 $ 14,212 1.5
Schedule Of Share Based Compensation Restricted Operating Partnership Units Earned	Below is the summary of the OPP units granted during the years December 31, 2021 and 2020. Plan Year Total Plan Percentage of Notional Grant Date Fair Value (1) OPP Units Earned 2021 $ 30,000,000 99.1 % $ 9,950,000 To be determined in 2025 2020 35,000,000 94.0 % 11,700,000 To be determined in 2023 ________________________________________ (1) During the years ended December 31, 2021 and 2020 $6,140,000 and $7,583,000, respectively, was immediately expensed on the respective grant date due to acceleration of vesting for employees who are retirement eligible (have reached age 65 or age 60 with at least 20 years of service).
Schedule Of Share Based Compensation Stock Options Activity	Below is a summary of Vornado’s stock option activity for the year ended December 31, 2022. Shares Weighted- Weighted- Aggregate Outstanding as of December 31, 2021 191,933 $ 65.27 Exercised (197) 36.72 Forfeited (1,413) 53.42 Expired (13,618) 65.86 Outstanding as of December 31, 2022 176,705 $ 65.35 4.99 $ — Options exercisable as of December 31, 2022 140,031 $ 68.25 4.48 $ — Below is a summary of AO LTIP Units activity for the year ended December 31, 2022. Shares Weighted- Weighted- Aggregate Outstanding as of December 31, 2021 567,739 $ 59.91 Forfeited (886) 54.16 Expired (1,189) 56.29 Outstanding as of December 31, 2022 565,664 $ 59.93 6.29 $ — Options exercisable as of December 31, 2022 437,372 $ 61.39 6.12 $ —
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions	The fair value of each option grant is estimated on the date of grant using an option-pricing model with the following weighted-average assumptions for grants in the year ended December 31, 2020. As of December 31, 2020 Expected volatility 35% - 36% Expected life 5.0 years Risk free interest rate 0.57% - 1.76% Expected dividend yield 3.2% - 3.4% As of December 31, 2020 Expected volatility 35% - 36% Expected life 5.0 years Risk free interest rate 0.57% - 1.76% Expected dividend yield 3.2% - 3.4%
Schedule Of Share Based Compensation Restricted Operating Partnership Units Activity	Below is a summary of restricted OP unit activity for the year ended December 31, 2022. Unvested Units Units Weighted-Average Unvested as of December 31, 2021 1,083,087 $ 53.99 Granted 501,169 30.82 Vested (597,292) 42.12 Forfeited (1,048) 44.25 Unvested as of December 31, 2022 985,916 49.41
Schedule Of Share Based Compensation Restricted Stock And Restricted Stock Units Activity	Below is a summary of Vornado’s restricted stock activity for the year ended December 31, 2022. Unvested Shares Shares Weighted-Average Unvested as of December 31, 2021 15,774 $ 57.82 Vested (7,069) 60.57 Forfeited (326) 54.55 Unvested as of December 31, 2022 8,379 55.64

Impairment Losses, Transactio_2

Impairment Losses, Transaction Related Costs and Other (Tables)	12 Months Ended
	Dec. 31, 2022
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: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Real estate impairment losses (1) $ 19,098 $ 7,880 $ 236,286 Transaction related costs and other 12,624 5,935 8,001 608 Fifth Avenue lease liability extinguishment gain — — (70,260) $ 31,722 $ 13,815 $ 174,027 ________________________________________ (1) See Note 13 - Fair Value Measurements for additional information.

Interest and Other Investment_2

Interest and Other Investment Income (Loss), Net (Tables)	12 Months Ended
	Dec. 31, 2022
Interest and Other Income [Abstract]
Schedule of 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 Year Ended December 31, 2022 2021 2020 Interest on cash and cash equivalents and restricted cash $ 7,553 $ 284 $ 5,793 Amortization of discount on investments in U.S. Treasury bills 7,075 — — Interest on loans receivable 5,006 2,517 3,384 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 235 1,811 3,631 $ 19,869 $ 4,612 $ (5,499)

Interest and Debt Expense (Tabl

Interest and Debt Expense (Tables)	12 Months Ended
	Dec. 31, 2022
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 Year Ended December 31, 2022 2021 2020 Interest expense (1) $ 277,046 $ 249,169 $ 251,847 Amortization of Deferred Financing Fees 21,804 20,247 18,460 Capitalized Interest & Debt Expense (19,085) (38,320) (41,056) $ 279,765 $ 231,096 $ 229,251 ________________________________________ (1) 2021 includes $23,729 of defeasance costs, of which $7,119 is attributable to noncontrolling interests, in connection with the refinancing of 1290 Avenue of the Americas, a property in which we own a 70% controlling interest.

(Loss) Income Per Share_(Loss_2

(Loss) Income Per Share/(Loss) Income Per Class A Unit (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings per share
Schedule of Earnings Per Share Basic and Diluted	Vornado Realty Trust The following table presents the calculations of (i) basic (loss) income per common share which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares and (ii) diluted (loss) income per common share which includes weighted average common shares outstanding 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. Our share-based payment awards, including employee stock options, OP Units, OPPs, AO LTIP Units, Performance Conditioned AO LTIP Units and LTPP Units, are included in the calculation of diluted income per share using the treasury stock method if dilutive. Our convertible securities, including our Series A convertible preferred shares, Series G-1 through G-4 convertible preferred units and Series D-13 redeemable preferred units, are reflected in diluted income per share by application of the if-converted method if dilutive. (Amounts in thousands, except per share amounts) For the Year Ended December 31, 2022 2021 2020 Numerator: Net (loss) income attributable to Vornado $ (346,499) $ 175,999 $ (297,005) Preferred share dividends (62,116) (65,880) (51,739) Series K preferred share issuance costs — (9,033) — Net (loss) income attributable to common shareholders (408,615) 101,086 (348,744) Earnings allocated to unvested participating securities (18) (34) (99) Numerator for basic (loss) income per share $ (408,633) $ 101,052 $ (348,843) Denominator: Denominator for basic (loss) income per share – weighted average shares 191,775 191,551 191,146 Effect of dilutive securities (1) : Share-based payment awards — 571 — Denominator for diluted (loss) income per share – weighted average shares and assumed conversions 191,775 192,122 191,146 (LOSS) INCOME PER COMMON SHARE - BASIC: Net (loss) income per common share $ (2.13) $ 0.53 $ (1.83) (LOSS) INCOME PER COMMON SHARE - DILUTED: Net (loss) income per common share $ (2.13) $ 0.53 $ (1.83) ________________________________________ (1) The effect of dilutive securities excluded an aggregate of 16,252, 13,835 and 14,007 weighted average common share equivalents in the years ended December 31, 2022, 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 (loss) income 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 (loss) income per Class A unit which includes the weighted average Class A units outstanding 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 and our OP Units, based on the two-class method. Our other share-based payment awards, including Vornado stock options, OPPs, AO LTIP Units, Performance Conditioned AO LTIP Units and LTPP Units, are included in the calculation of diluted income per Class A unit using the treasury stock method if dilutive. Our convertible securities, including our Series A convertible preferred units, Series G-1 through G-4 convertible preferred units and Series D-13 redeemable preferred units, are reflected in diluted income per Class A unit by application of the if-converted method if dilutive. (Amounts in thousands, except per unit amounts) For the Year Ended December 31, 2022 2021 2020 Numerator: Net (loss) income attributable to Vornado Realty L.P. $ (376,875) $ 183,539 $ (321,951) Preferred unit distributions (62,231) (66,035) (51,904) Series K preferred unit issuance costs — (9,033) — Net (loss) income attributable to Class A unitholders (439,106) 108,471 (373,855) Earnings allocated to unvested participating securities (2,215) (2,668) (5,417) Numerator for basic (loss) income per Class A unit $ (441,321) $ 105,803 $ (379,272) Denominator: Denominator for basic (loss) income per Class A unit – weighted average units 205,315 204,728 203,503 Effect of dilutive securities (1) : Share-based payment awards — 916 — Denominator for diluted (loss) income per Class A unit – weighted average units and assumed conversions 205,315 205,644 203,503 (LOSS) INCOME PER CLASS A UNIT - BASIC: Net (loss) income per Class A unit $ (2.15) $ 0.52 $ (1.86) (LOSS) INCOME PER CLASS A UNIT - DILUTED: Net (loss) income per Class A unit $ (2.15) $ 0.51 $ (1.86) ________________________________________ (1) The effect of dilutive securities excluded an aggregate of 2,712, 313 and 1,650 weighted average Class A unit equivalents for the years ended December 31, 2022, 2021 and 2020, respectively, as their effect was anti-dilutive.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Lessor, Operating Lease, Payments to be Received, Maturity	As of December 31, 2022, future undiscounted cash flows under non-cancelable operating leases were as follows: (Amounts in thousands) As of December 31, 2022 For the year ended December 31, 2023 $ 1,304,777 2024 1,200,544 2025 1,102,476 2026 1,053,948 2027 950,515 Thereafter 6,515,202
Schedule of Amounts Included in Measurement of Lease Liability	The following table sets forth information related to the measurement of our lease liabilities as of December 31, 2022, 2021 and 2020: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Weighted average remaining lease term (in years) 48.4 44.4 44.8 Weighted average discount rate 5.54 % 4.85 % 4.91 % Cash paid for operating leases $ 21,861 $ 22,382 $ 23,932
Lessor, Operating Rent Expense	The following table sets forth the details of rent expense for the years ended December 31, 2022, 2021 and 2020: (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Fixed rent expense $ 45,211 $ 24,901 $ 28,503 Variable rent expense 14,180 13,078 1,178 Rent expense $ 59,391 $ 37,979 $ 29,681
Lessee, Operating Lease, Liability, Maturity	As of December 31, 2022, future lease payments under operating ground leases were as follows: (Amounts in thousands) As of December 31, 2022 For the year ended December 31, 2023 $ 34,782 2024 46,859 2025 47,227 2026 47,616 2027 48,027 Thereafter 1,949,551 Total undiscounted cash flows 2,174,062 Present value discount (1,438,093) Lease liabilities $ 735,969

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Information	Below is a summary of NOI at share and NOI at share - cash basis by segment for the years ended December 31, 2022, 2021 and 2020. (Amounts in thousands) For the Year Ended December 31, 2022 Total New York Other Total revenues $ 1,799,995 $ 1,449,442 $ 350,553 Operating expenses (873,911) (716,148) (157,763) NOI - consolidated 926,084 733,294 192,790 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (70,029) (45,566) (24,463) Add: NOI from partially owned entities 305,993 293,780 12,213 NOI at share 1,162,048 981,508 180,540 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other (10,980) (18,509) 7,529 NOI at share - cash basis $ 1,151,068 $ 962,999 $ 188,069 (Amounts in thousands) For the Year Ended December 31, 2021 Total New York Other Total revenues $ 1,589,210 $ 1,257,599 $ 331,611 Operating expenses (797,315) (626,386) (170,929) NOI - consolidated 791,895 631,213 160,682 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (69,385) (38,980) (30,405) Add: NOI from partially owned entities 310,858 300,721 10,137 NOI at share 1,033,368 892,954 140,414 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other 1,318 (1,188) 2,506 NOI at share - cash basis $ 1,034,686 $ 891,766 $ 142,920 (Amounts in thousands) For the Year Ended December 31, 2020 Total New York Other Total revenues $ 1,527,951 $ 1,221,748 $ 306,203 Operating expenses (789,066) (640,531) (148,535) NOI - consolidated 738,885 581,217 157,668 Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries (72,801) (43,773) (29,028) Add: NOI from partially owned entities 306,495 296,447 10,048 NOI at share 972,579 833,891 138,688 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other 46,246 36,715 9,531 NOI at share - cash basis $ 1,018,825 $ 870,606 $ 148,219 23. Segment Information - continued Below is a reconciliation of net (loss) income to NOI at share for the years ended December 31, 2022, 2021 and 2020. (Amounts in thousands) For the Year Ended December 31, 2022 2021 2020 Net (loss) income $ (382,612) $ 207,553 $ (461,845) Depreciation and amortization expense 504,502 412,347 399,695 General and administrative expense 133,731 134,545 181,509 Impairment losses, transaction related costs and other 31,722 13,815 174,027 Loss (income) from partially owned entities 461,351 (130,517) 329,112 (Income) loss from real estate fund investments (3,541) (11,066) 226,327 Interest and other investment (income) loss, net (19,869) (4,612) 5,499 Interest and debt expense 279,765 231,096 229,251 Net gains on disposition of wholly owned and partially owned assets (100,625) (50,770) (381,320) Income tax expense (benefit) 21,660 (10,496) 36,630 NOI from partially owned entities 305,993 310,858 306,495 NOI attributable to noncontrolling interests in consolidated subsidiaries (70,029) (69,385) (72,801) NOI at share 1,162,048 1,033,368 972,579 Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other (10,980) 1,318 46,246 NOI at share - cash basis $ 1,151,068 $ 1,034,686 $ 1,018,825

Organization and Business (Deta

Organization and Business (Details) ft² in Millions	12 Months Ended
	Dec. 31, 2022 ft² unit property building
Alexander's
Real Estate Properties
Equity method ownership percentage	32.40%
New York | Manhattan
Real Estate Properties
Number of real estate properties | property	62
New York | Manhattan | Office Building
Real Estate Properties
Number of real estate properties | property	30
Square footage of real estate property (in sqft) | ft²	19.9
New York | Manhattan | Retail
Real Estate Properties
Number of real estate properties | property	56
Square footage of real estate property (in sqft) | ft²	2.6
New York | Manhattan | Residential Properties
Real Estate Properties
Number of real estate properties | property	6
Number of units in real estate property (in number of residential units) | unit	1,664
New York | New York City Metropolitan Area | Alexander's
Real Estate Properties
Number of real estate properties | property	6
Equity method ownership percentage	32.40%
New York | New York City Metropolitan Area | Alexander's | Lexington Avenue 731
Real Estate Properties
Square footage of real estate property (in sqft) | ft²	1.1
New York | New York City Metropolitan Area | Residential Properties | Alexander's
Real Estate Properties
Number of units in real estate property (in number of residential units) | unit	312
Other | Chicago | The Mart, Chicago
Real Estate Properties
Square footage of real estate property (in sqft) | ft²	3.7
Other | San Francisco | Office Building | 555 California Street, California
Real Estate Properties
Square footage of real estate property (in sqft) | ft²	1.8
Number of buildings | building	3
Other | San Francisco | Office Building | 555 California Street, California | 555 California Street, California
Real Estate Properties
Equity method ownership percentage	70%
Operating Partnership
Real Estate Properties
Common limited partnership interest in the Operating Partnership	92%

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Real Estate) (Details)	12 Months Ended
	Dec. 31, 2022
Real Estate [Line Items]
Real estate and accumulated depreciation life used for depreciation	40 years
Minimum
Real Estate [Line Items]
Real estate and accumulated depreciation life used for depreciation	7 years
Maximum
Real Estate [Line Items]
Real estate and accumulated depreciation life used for depreciation	40 years

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies (Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Contingency [Line Items]
Minimum percentage of taxable income distributed as dividends	90%
Deferred tax assets, net	$ 7,944	$ 8,582
Deferred tax liabilities	54,597	40,591
Income tax expense (benefit)	$ 21,660	$ (10,496)	$ 36,630
Effective income tax reconciliation, percent	(6.00%)	(5.30%)	(8.60%)
Estimated taxable income net	$ 398,644	$ 413,026	$ 419,812
Net basis difference of assets and liabilities between tax basis and GAAP basis	1,600,000
Federal Tax Authority
Income Tax Contingency [Line Items]
Net operating loss carryforwards	166,000
Net operating loss carryforwards, valuation allowance	145,000
State and Local Jurisdiction
Income Tax Contingency [Line Items]
Net operating loss carryforwards	208,000
Net operating loss carryforwards, valuation allowance	186,000
The Farley Building
Income Tax Contingency [Line Items]
Income tax expense (benefit)	13,665	10,868
220 CPS condominium units
Income Tax Contingency [Line Items]
Income tax expense (benefit)	6,016
Taxable Reit Subsidiaries
Income Tax Contingency [Line Items]
Income tax expense (benefit)		(27,910)
220 Central Park South
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 6,016	$ 5,711	$ 49,221
Ordinary Income
Income Tax Contingency [Line Items]
Percentage of taxable income distributed	100%	84.20%	100%
Qualified Dividend
Income Tax Contingency [Line Items]
Percentage of taxable income distributed		15.80%

Revenue Recognition (Revenue by

Revenue Recognition (Revenue by Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Lease revenues	$ 1,543,317	$ 1,373,691	$ 1,343,391
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total revenues
Total revenues	$ 1,799,995	1,589,210	1,527,951
Rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	1,607,685	1,424,531	1,377,635
Lease Revenues
Disaggregation of Revenue [Line Items]
Lease revenues	1,543,317	1,373,691	1,343,391
Property rentals
Disaggregation of Revenue [Line Items]
Lease revenues	1,510,648	1,354,209	1,323,347
Hotel Pennsylvania site
Disaggregation of Revenue [Line Items]
Lease revenues			8,741
Trade shows
Disaggregation of Revenue [Line Items]
Lease revenues	32,669	19,482	11,303
Tenant services
Disaggregation of Revenue [Line Items]
Revenues	45,211	37,449	34,244
Parking revenues
Disaggregation of Revenue [Line Items]
Revenues	19,157	13,391
Fee and other income
Disaggregation of Revenue [Line Items]
Revenues	192,310	164,679	150,316
Total revenues	192,310	164,679	150,316
BMS cleaning fees
Disaggregation of Revenue [Line Items]
Revenues	137,673	119,780	105,536
Management and leasing fees
Disaggregation of Revenue [Line Items]
Revenues	11,039	11,725	19,416
Other income
Disaggregation of Revenue [Line Items]
Revenues	43,598	33,174	25,364
New York
Disaggregation of Revenue [Line Items]
Total revenues	1,449,442	1,257,599	1,221,748
New York | Rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	1,280,181	1,109,234	1,083,500
New York | Lease Revenues
Disaggregation of Revenue [Line Items]
Lease revenues	1,230,851	1,071,816	1,059,750
New York | Property rentals
Disaggregation of Revenue [Line Items]
Lease revenues	1,230,851	1,071,816	1,051,009
New York | Hotel Pennsylvania site
Disaggregation of Revenue [Line Items]
Lease revenues			8,741
New York | Trade shows
Disaggregation of Revenue [Line Items]
Lease revenues	0	0	0
New York | Tenant services
Disaggregation of Revenue [Line Items]
Revenues	33,351	26,048	23,750
New York | Parking revenues
Disaggregation of Revenue [Line Items]
Revenues	15,979	11,370
New York | Fee and other income
Disaggregation of Revenue [Line Items]
Revenues	169,261	148,365	138,248
New York | BMS cleaning fees
Disaggregation of Revenue [Line Items]
Revenues	146,530	126,891	112,112
New York | Management and leasing fees
Disaggregation of Revenue [Line Items]
Revenues	11,645	12,177	19,508
New York | Other income
Disaggregation of Revenue [Line Items]
Revenues	11,086	9,297	6,628
Other
Disaggregation of Revenue [Line Items]
Total revenues	350,553	331,611	306,203
Other | Rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	327,504	315,297	294,135
Other | Lease Revenues
Disaggregation of Revenue [Line Items]
Lease revenues	312,466	301,875	283,641
Other | Property rentals
Disaggregation of Revenue [Line Items]
Lease revenues	279,797	282,393	272,338
Other | Hotel Pennsylvania site
Disaggregation of Revenue [Line Items]
Lease revenues			0
Other | Trade shows
Disaggregation of Revenue [Line Items]
Lease revenues	32,669	19,482	11,303
Other | Tenant services
Disaggregation of Revenue [Line Items]
Revenues	11,860	11,401	10,494
Other | Parking revenues
Disaggregation of Revenue [Line Items]
Revenues	3,178	2,021
Other | Fee and other income
Disaggregation of Revenue [Line Items]
Revenues	23,049	16,314	12,068
Other | BMS cleaning fees
Disaggregation of Revenue [Line Items]
Revenues	(8,857)	(7,111)	(6,576)
Other | Management and leasing fees
Disaggregation of Revenue [Line Items]
Revenues	(606)	(452)	(92)
Other | Other income
Disaggregation of Revenue [Line Items]
Revenues	$ 32,512	$ 23,877	$ 18,736

Revenue Recognition (Components

Revenue Recognition (Components of Lease Revenue) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Fixed billings	$ 1,376,527	$ 1,277,645	$ 1,292,174
Variable billings	122,947	108,850	126,907
Total contractual operating lease billings	1,499,474	1,386,495	1,419,081
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	44,715	(5,109)	(12,486)
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	(872)	(7,695)	(63,204)
Lease revenues	$ 1,543,317	$ 1,373,691	$ 1,343,391

Real Estate Fund Investments (N

Real Estate Fund Investments (Narrative) (Details)			1 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($) investment	May 20, 2022 USD ($)	May 20, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) investment	Dec. 31, 2020 USD ($)	Jun. 09, 2020 USD ($)
Investment Holdings
Real estate fund investments	$ 0			$ 0	$ 7,730,000
Return of capital from real estate fund investments				$ 5,141,000	5,104,000	$ 0
Vornado Capital Partners Real Estate Fund
Investment Holdings
Equity method ownership percentage	25%			25%
Term of the fund, years				8 years
Investment period for commitments of the Fund, years				3 years
Crowne Plaza Times Square Hotel Joint Venture
Investment Holdings
Debt default, amount							$ 274,355,000
1100 Lincoln Road
Investment Holdings
Return of capital from real estate fund investments		$ 5,672,000
Net (loss) on sale of real estate			$ 54,255,000
Joint Venture | Crowne Plaza Times Square Hotel Joint Venture
Investment Holdings
Equity method ownership percentage	57.10%			57.10%
Joint Venture | Crowne Plaza Time Square Hotel | Crowne Plaza Times Square Hotel Joint Venture
Investment Holdings
Ownership percentage by noncontrolling owners	24.30%			24.30%
Ownership percentage by parent	32.80%			32.80%
Real estate fund investments	$ 0			$ 0
Real estate fund investments
Investment Holdings
Real estate fund investments	$ 0			0	$ 7,730,000
Number of investments held by fund (investment) | investment	2				3
Fair value below cost	$ 276,390,000			276,390,000
Unfunded commitments of Fund	28,465,000			28,465,000
Real estate fund investments | Vornado Realty Trust
Investment Holdings
Unfunded commitments of Fund	$ 8,849,000			$ 8,849,000

Real Estate Fund Investments (I

Real Estate Fund Investments (Income (Loss) from the Fund and the Co-Investment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details Of Income From Real Estate Funds
Income (loss) from real estate fund investments	$ 3,541	$ 11,066	$ (226,327)
Less (income) loss attributable to noncontrolling interests in consolidated subsidiaries	5,737	(24,014)	139,894
Real estate fund investments
Details Of Income From Real Estate Funds
Previously recorded unrealized loss on exited investments	59,396	0	0
Realized (loss) income on exited investments	(54,255)	1,364	0
Net unrealized (loss) income on held investments	(7,730)	3,257	(226,107)
Net investment income (loss)	6,130	6,445	(220)
Income (loss) from real estate fund investments	3,541	11,066	(226,327)
Less (income) loss attributable to noncontrolling interests in consolidated subsidiaries	(1,870)	(7,309)	163,213
Income (loss) from real estate fund investments net of noncontrolling interests in consolidated subsidiaries	$ 1,671	$ 3,757	$ (63,114)

Real Estate Fund Investments (C

Real Estate Fund Investments (Changes in the Fair Value of Fund and Joint Venture) (Details) - Real estate fund investments - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 7,730	$ 3,739
Previously recorded unrealized loss on exited investments	59,396	0
Realized (loss) income on exited investments	(54,255)	1,364
Net unrealized (loss) income on held investments	(7,730)	3,257
Dispositions	(5,141)	(5,104)
Purchases/additional fundings	0	4,474
Ending balance	$ 0	$ 7,730

Investments in Partially Owne_3

Investments in Partially Owned Entities (Fifth Avenue and Times Square JV) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Apr. 30, 2019	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Transaction property value		$ 43,599	$ 57,142
Real estate impairment losses		$ 19,098	7,880	$ 236,286
Fifth Avenue and Times Square JV
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage		51.50%
Transaction property value	$ 5,556,000
Net gains on disposition of wholly owned and partially owned assets	2,571,000
Net gain from real estate investment partnership, attributable to noncontrolling interest	$ 11,945
Real estate impairment losses		$ (489,859)	$ 0	(413,349)
Impairment of real estate related to noncontrolling interest		6,822		$ 4,289
Basis difference in carrying amount		864,317
Fifth Avenue and Times Square JV | Joint Venture
Schedule of Equity Method Investments [Line Items]
Aggregate of preferred equity interests		$ 1,828,000
Fifth Avenue and Times Square JV | Joint Venture | Percentage For First Five Years
Schedule of Equity Method Investments [Line Items]
Debt instrument, interest rate, stated percentage		4.25%
Fifth Avenue and Times Square JV | Joint Venture | Increase in Percentage After Fifth Anniversary
Schedule of Equity Method Investments [Line Items]
Debt instrument, interest rate, stated percentage		4.75%
Debt term (years)		5 years
Fifth Avenue and Times Square JV | Joint Venture | Investors
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage	48.50%	48.50%
Equity method investment, effective ownership percentage		47.20%
Fifth Avenue and Times Square JV | Vornado Realty Trust
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage		51.50%
Equity method investment, effective ownership percentage		51%

Investments in Partially Owne_4

Investments in Partially Owned Entities (Management, Development, Leasing and Other Agreements for Fifth Avenue and Times Square JV) (Details) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Apr. 18, 2022	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 21, 2022
Schedule of Equity Method Investments [Line Items]
Net gains on disposition of wholly owned and partially owned assets			$ 100,625	$ 50,770	$ 381,320
BMS cleaning fees
Schedule of Equity Method Investments [Line Items]
Fee income recognized by equity method investees for building maintenance services			4,601	4,234	3,613
Majority-Owned Subsidiary, Unconsolidated | Property Management Fee
Schedule of Equity Method Investments [Line Items]
Revenue from related parties			$ 4,397	4,297	3,982
Fifth Avenue and Times Square JV
Schedule of Equity Method Investments [Line Items]
Property management fee agreement percentage of income			2%
Development fee percent			5%
Supervisory fee, percent			1.50%
Net gains on disposition of wholly owned and partially owned assets	$ 13,613
Non recourse loan, amount						$ 450,000
Property level funds applied by lenders		$ 29,000
Balance principal amount		$ 421,000	$ 421,000
Percentage bearing variable interest		8.50%	8.50%
Fifth Avenue and Times Square JV | Prime Rate
Schedule of Equity Method Investments [Line Items]
Percentage bearing variable interest		1%	1%
Fifth Avenue and Times Square JV | BMS cleaning fees
Schedule of Equity Method Investments [Line Items]
Fee income recognized by equity method investees for building maintenance services			$ 4,571	$ 3,993	$ 3,595

Investments in Partially Owne_5

Investments in Partially Owned Entities (Alexander's Inc.) (Details) - Alexander's - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Equity Method Investments And Income From Equity Method Investments
Investment owned, balance, shares	1,654,068
Equity method ownership percentage	32.40%
Accounts receivable, related parties	$ 801	$ 879
Closing share price (in dollars per share)	$ 220.06
Equity method investment fair value	$ 363,994
Excess of investee's fair value over carrying amount	276,198
Excess of investee's carrying amount over equity in net assets	$ 29,972

Investments in Partially Owne_6

Investments in Partially Owned Entities (Management, Development, Leasing and Other Agreements for Alexander's) (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) $ / ft²	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
BMS cleaning fees
Schedule of Equity Method Investments [Line Items]
Fee income recognized by equity method investees for building maintenance services	$ 4,601,000	$ 4,234,000	$ 3,613,000
Alexander's
Schedule of Equity Method Investments [Line Items]
Management fee income	$ 2,800,000
Development fee percent	6%
Lease fee percentage of rent one to ten years	3%
Lease fee percentage of rent eleven to twenty years	2%
Lease fee percentage of rent twenty first to thirty years	1%
Percentage increase lease fee if broker used	1%
Percentage commissions on sale of assets under fifty million	3%
Asset sale commission threshold	$ 50,000,000
Percentage commissions on sale of assets over fifty million	1%
Alexander's | Rego Park 2 Property
Schedule of Equity Method Investments [Line Items]
Property management fee agreement percentage of income	2%
Alexander's | Lexington Avenue 731
Schedule of Equity Method Investments [Line Items]
Property management fee agreement price per square foot | $ / ft²	0.50
Alexander's | Common Area 731 Lexington Avenue
Schedule of Equity Method Investments [Line Items]
Management fee income	$ 354,000
Property management fee agreement escalation percentage of income	3%

Investments in Partially Owne_7

Investments in Partially Owned Entities (330 West 34th Street) (Details) - USD ($) $ in Thousands		12 Months Ended
	Aug. 18, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Net proceeds from sale of real estate		$ 88,019	$ 137,404	$ 1,044,260
330 West 34th Street
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage	34.80%
Net proceeds from sale of real estate	$ 10,500
330 West 34th Street | Interest Rate Maturing In September 2032
Schedule of Equity Method Investments [Line Items]
Debt instrument, amount	$ 100,000
Debt instrument, interest rate, stated percentage	4.55%
330 West 34th Street | Interest Rate Maturing In September 2022
Schedule of Equity Method Investments [Line Items]
Debt instrument, amount	$ 50,150
Debt instrument, interest rate, stated percentage	5.71%

Investments in Partially Owne_8

Investments in Partially Owned Entities (Summary of Investments) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Carrying amount of investments in partially owned entities	$ 2,665,073	$ 3,297,389
Other Liabilities
Schedule of Equity Method Investments [Line Items]
Carrying amount of investments in partially owned entities	$ (81,528)	(78,985)
Fifth Avenue and Times Square JV
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage	51.50%
Carrying amount of investments in partially owned entities	$ 2,272,320	2,770,633
Partially Owned Office Buildings/Land
Schedule of Equity Method Investments [Line Items]
Carrying amount of investments in partially owned entities	$ 182,180	299,101
Alexander's
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage	32.40%
Carrying amount of investments in partially owned entities	$ 87,796	91,405
Other investments
Schedule of Equity Method Investments [Line Items]
Carrying amount of investments in partially owned entities	$ 122,777	136,250
7 West 34th Street
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage	53%
7 West 34th Street | Other Liabilities
Schedule of Equity Method Investments [Line Items]
Carrying amount of investments in partially owned entities	$ (65,522)	(60,918)
85 Tenth Avenue
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage	49.90%
85 Tenth Avenue | Other Liabilities
Schedule of Equity Method Investments [Line Items]
Carrying amount of investments in partially owned entities	$ (16,006)	$ (18,067)

Investments in Partially Owne_9

Investments in Partially Owned Entities (Summary of Income (Loss) ) (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 18, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Non-cash impairment loss		$ 19,098	$ 7,880	$ 236,286
Equity in net income (loss)		(461,351)	130,517	(329,112)
Our share of net income (loss)		(461,351)	130,517	(329,112)
Net gains on disposition of wholly owned and partially owned assets		$ 100,625	50,770	381,320
Fifth Avenue and Times Square JV
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage		51.50%
Non-cash impairment loss		$ (489,859)	0	(413,349)
Equity in net income (loss)		55,248	47,144	21,063
Return on preferred equity, net of our share of the expense		37,416	37,416	37,357
Our share of net income (loss)		$ (397,195)	84,560	(354,929)
Net gains on disposition of wholly owned and partially owned assets	$ 13,613
Alexander's
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage		32.40%
Equity in net income (loss)		$ 18,439	20,116	13,326
Net gain on sale of land		0	14,576	0
Management, leasing and development fees		4,534	5,429	5,309
Our share of net income (loss)		22,973	40,121	18,635
Write off of rent receivable				4,846
Partially Owned Office Buildings/Land
Schedule of Equity Method Investments [Line Items]
Our share of net income (loss)		(110,261)	6,384	11,943
Other investments
Schedule of Equity Method Investments [Line Items]
Our share of net income (loss)		23,132	$ (548)	$ (4,761)
Net gains on disposition of wholly owned and partially owned assets		17,185
650 Madison Avenue
Schedule of Equity Method Investments [Line Items]
Non-cash impairment loss		$ 93,353

Investments in Partially Own_10

Investments in Partially Owned Entities (Summary of Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
640 Fifth Avenue
Schedule of Equity Method Investments [Line Items]
Mortgage loans on real estate, face amount of mortgages	$ 500,000
7 West 34th Street
Schedule of Equity Method Investments [Line Items]
Mortgage loans on real estate, face amount of mortgages	300,000
Partially Owned Properties
Schedule of Equity Method Investments [Line Items]
Equity method investment pro rata share debt of partially owned entities	$ 2,697,226	$ 2,699,405
Partially Owned Office Buildings/Land
Schedule of Equity Method Investments [Line Items]
Debt instrument, interest rate, effective percentage	4.82%
Equity method investment debt of partially owned entities	$ 3,288,977	3,297,999
Alexander's
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage	32.40%
Debt instrument, interest rate, effective percentage	4.12%
Equity method investment debt of partially owned entities	$ 1,096,544	1,096,544
Fifth Avenue and Times Square JV
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage	51.50%
Debt instrument, interest rate, effective percentage	5.55%
Equity method investment debt of partially owned entities	$ 921,000	950,000
Other equity method investments
Schedule of Equity Method Investments [Line Items]
Debt instrument, interest rate, effective percentage	5.14%
Equity method investment debt of partially owned entities	$ 1,377,492	$ 1,342,162

Investments in Partially Own_11

Investments in Partially Owned Entities (Summary of Condensed Combined Financial Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets	$ 16,493,375	$ 17,266,588
Liabilities	9,980,263	10,062,667
Noncontrolling interests	436,732	688,683
Equity	5,839,728	6,236,346
Total revenues	1,799,995	1,589,210	$ 1,527,951
Net (loss) income	(382,612)	207,553	(461,845)
Net income (loss) attributable to Vornado / Vornado Realty L.P.	(346,499)	175,999	(297,005)
Partially Owned Properties
Assets	12,012,000	12,689,000
Liabilities	7,519,000	7,553,000
Noncontrolling interests	2,095,000	2,069,000
Equity	2,398,000	3,067,000
Total revenues	1,189,000	1,184,000	1,163,000
Net (loss) income	(404,000)	190,000	45,000
Net income (loss) attributable to Vornado / Vornado Realty L.P.	$ (483,000)	$ 114,000	$ (33,000)

220 Central Park South (Details

220 Central Park South (Details) $ in Thousands	12 Months Ended			51 Months Ended
	Dec. 31, 2022 USD ($) unit	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2022 USD ($) unit
Real Estate [Line Items]
Income tax expense (benefit)	$ 21,660	$ (10,496)	$ 36,630
220 Central Park South
Real Estate [Line Items]
Number of units sold | unit	3			109
Cash proceeds from sale of real estate	$ 88,019			$ 3,094,915
Net gain on sale of land	41,874			$ 1,159,129
Income tax expense (benefit)	$ 6,016	$ 5,711	$ 49,221
Condominium units sold, percentage	97%			97%

Dispositions (Details)

Dispositions (Details) ft² in Thousands, $ in Thousands					12 Months Ended
	Dec. 21, 2022 USD ($) ft²	Dec. 15, 2022 USD ($) ft²	Jun. 17, 2022 USD ($) ft² story	Jan. 13, 2022 USD ($) property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Acquisitions and Dispositions [Line Items]
Proceeds from sale of condominium units and ancillary amenities at 220 Central Park South					$ 88,019	$ 137,404	$ 1,044,260
Repayments of long-term debt					$ 1,251,373	$ 1,584,243	$ 1,067,564
SoHo Properties
Acquisitions and Dispositions [Line Items]
Number of properties sold | property				2
Proceeds from sale of land held-for-investment				$ 84,500
Proceeds from sale of condominium units and ancillary amenities at 220 Central Park South				81,399
Net gain on sale of land				$ 551
Center Building
Acquisitions and Dispositions [Line Items]
Proceeds from sale of land held-for-investment			$ 172,750
Proceeds from sale of condominium units and ancillary amenities at 220 Central Park South			58,946
Net gain on sale of land			$ 15,213
Number of floors | story			8
Square footage of real estate property (in sqft) | ft²			498
Center Building | 33‑00 Northern Boulevard Mortgage Loan
Acquisitions and Dispositions [Line Items]
Repayments of long-term debt			$ 100,000
484-486 Broadway
Acquisitions and Dispositions [Line Items]
Proceeds from sale of land held-for-investment		$ 23,520
Proceeds from sale of condominium units and ancillary amenities at 220 Central Park South		22,430
Net gain on sale of land		$ 2,919
Square footage of real estate property (in sqft) | ft²		30
40 Fulton Street Office And Retail Building
Acquisitions and Dispositions [Line Items]
Proceeds from sale of land held-for-investment	$ 101,000
Proceeds from sale of condominium units and ancillary amenities at 220 Central Park South	96,566
Net gain on sale of land	$ 31,876
Square footage of real estate property (in sqft) | ft²	251

Identified Intangible Assets _3

Identified Intangible Assets and Liabilities (Schedule of Identified Intangible Assets and Intangible Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross amount	$ 237,777	$ 252,081
Accumulated amortization	(98,139)	(97,186)
Total, net	139,638	154,895
Identified intangible liabilities (included in deferred revenue):
Gross amount	244,396	256,065
Accumulated amortization	(208,592)	(212,245)
Total, net	$ 35,804	$ 43,820

Identified Intangible Assets _4

Identified Intangible Assets and Liabilities (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Below Market Leases Net Of Above Market Leases
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 5,178	$ 9,249	$ 16,878
Other Identified Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 10,516	$ 7,330	$ 6,507

Identified Intangible Assets _5

Identified Intangible Assets and Liabilities (Schedule of Future Amortization Expense of Intangible Assets) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Below Market Leases Net Of Above Market Leases
Finite-Lived Intangible Assets [Line Items]
2023	$ 5,471
2024	2,352
2025	941
2026	299
2027	(148)
Other Identified Intangible Assets
Finite-Lived Intangible Assets [Line Items]
2023	7,948
2024	7,128
2025	6,077
2026	5,884
2027	$ 5,449

Debt (Narrative) (Details)

Debt (Narrative) (Details)							12 Months Ended
	Aug. 16, 2022 USD ($)	Jun. 30, 2022 USD ($) credit_facility	Jun. 28, 2022 USD ($) ft² extension	Jun. 27, 2022 USD ($)	Jun. 15, 2022 USD ($) ft² extension	Jun. 14, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument
Long term debt							$ 2,560,025,000	$ 2,562,604,000
Collateral property, net carrying value							5,600,000,000
Unsecured Debt
Debt Instrument
Long term debt							$ 793,193,000	$ 797,812,000
Debt instrument, interest rate, effective percentage							4.05%
100 West 33rd Street
Debt Instrument
Number of extensions (extension) | extension					2
Length of extension available (years)					1 year
Matures in June 2027 | 100 West 33rd Street
Debt Instrument
Debt instrument, amount					$ 480,000,000
Square footage of real estate property (in sqft) | ft²					1,100,000
Matures in June 2027 | 100 West 33rd Street | Effective Through March 2024
Debt Instrument
Swapped rate					5.06%
Matures in June 2027 | 100 West 33rd Street | Effective Through June 2027
Debt Instrument
Swapped rate					5.26%
Matures in June 2027 | 100 West 33rd Street | Secured Overnight Financing Rate (SOFR)
Debt Instrument
Spread over variable rate (in percentage)					1.65%
Matures in June 2027 | 100 West 33rd Street | Secured Overnight Financing Rate through March 2024
Debt Instrument
Spread over variable rate (in percentage)							5.96%
Matures in June 2027 | 100 West 33rd Street | Secured Overnight Financing Rate After March 2024
Debt Instrument
Spread over variable rate (in percentage)					1.85%
Matures in June 2027 | 100 West 33rd Street | Office Building
Debt Instrument
Square footage of real estate property (in sqft) | ft²					859,000
Matures in June 2027 | 100 West 33rd Street | Retail
Debt Instrument
Square footage of real estate property (in sqft) | ft²					255,000
Matures in April 2024
Debt Instrument
Debt instrument, amount						$ 580,000,000
Matures in April 2024 | LIBOR
Debt Instrument
Spread over variable rate (in percentage)						1.55%
Matures in July 2027 | 770 Broadway
Debt Instrument
Debt instrument, amount			$ 700,000,000
Spread over variable rate (in percentage)							6.48%
Number of extensions (extension) | extension			3
Length of extension available (years)			1 year
Matures in July 2027 | 770 Broadway | Effective Through July 2027
Debt Instrument
Swapped rate			4.98%
Matures in July 2027 | 770 Broadway | Secured Overnight Financing Rate (SOFR)
Debt Instrument
Spread over variable rate (in percentage)			2.25%
Matures in July 2027 | 770 Broadway | Office Building
Debt Instrument
Square footage of real estate property (in sqft) | ft²			1,200,000
Matures in July 2022 | 770 Broadway
Debt Instrument
Debt instrument, amount				$ 700,000,000
Matures in July 2022 | 770 Broadway | Secured Overnight Financing Rate (SOFR)
Debt Instrument
Spread over variable rate (in percentage)				1.86%
Maturing in December 2027 | Unsecured Debt
Debt Instrument
Debt instrument, amount		$ 800,000,000
Swapped rate		4.05%
Debt instrument, interest rate, effective percentage							5.62%
Maturing in December 2027 | Revolving Credit Facility
Debt Instrument
Number of credit facilities | credit_facility		2
Maximum borrowing capacity		$ 1,250,000,000
Facility fee, percentage		0.25%
Maturing in December 2027 | Effective Through August 2027 | Revolving Credit Facility
Debt Instrument
Swapped rate	3.88%
Long term debt	$ 575,000,000
Maturing in December 2027 | Secured Overnight Financing Rate (SOFR) | Unsecured Debt
Debt Instrument
Spread over variable rate (in percentage)		1.30%
Maturing in December 2027 | Secured Overnight Financing Rate (SOFR) | Revolving Credit Facility
Debt Instrument
Spread over variable rate (in percentage)		1.15%
Debt instrument, interest rate, effective percentage							5.47%
Maturing in April 2026 | Revolving Credit Facility
Debt Instrument
Maximum borrowing capacity	$ 1,250,000,000
Facility fee, percentage	0.25%
Maturing in April 2026 | Secured Overnight Financing Rate (SOFR) | Revolving Credit Facility
Debt Instrument
Spread over variable rate (in percentage)	1.19%

Debt (Interest Rate Hedging Act

Debt (Interest Rate Hedging Activities) (Details) - USD ($)	Feb. 07, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Long term debt		$ 2,560,025,000	$ 2,562,604,000
770 Broadway mortgage loan | Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount		$ 700,000,000
All-In Swapped Rate		4.98%
Derivative asset, notional amount		$ 700,000,000
770 Broadway mortgage loan | Interest Rate Swap | Designated as Hedging Instrument | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread		2.25%
Unsecured revolving credit facility | Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount		$ 575,000,000
All-In Swapped Rate		3.88%
Derivative asset, notional amount		$ 575,000,000
Unsecured revolving credit facility | Interest Rate Swap | Designated as Hedging Instrument | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread		1.15%
Unsecured term loan | Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount		$ 50,000,000
All-In Swapped Rate		4.04%
Derivative asset, notional amount		$ 50,000,000
Unsecured term loan | Interest Rate Swap | Designated as Hedging Instrument | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread		1.30%
Unsecured term loan (effective 10/23) | Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount		$ 500,000,000
All-In Swapped Rate		4.39%
Unsecured term loan (effective 10/23) | Interest Rate Swap | Designated as Hedging Instrument | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread		1.30%
100 West 33rd Street mortgage loan | Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount		$ 480,000,000
All-In Swapped Rate		5.06%
Derivative asset, notional amount		$ 480,000,000
100 West 33rd Street mortgage loan | Interest Rate Swap | Designated as Hedging Instrument | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread		1.65%
888 Seventh Avenue mortgage loan | Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount		$ 200,000,000
All-In Swapped Rate		4.76%
Derivative asset, notional amount		$ 200,000,000
Long term debt		$ 77,800,000
888 Seventh Avenue mortgage loan | Interest Rate Swap | Designated as Hedging Instrument | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread		1.80%
Unsecured Term Loan Expiring October 2023 | Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Derivative asset, notional amount		$ 750,000,000
Unsecured term loan | Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
All-In Swapped Rate		4.05%
Derivative asset, notional amount		$ 800,000,000
Unsecured term loan | Interest Rate Swap | Designated as Hedging Instrument | Subsequent Event
Derivative [Line Items]
Derivative asset, notional amount	$ 150,000
Unsecured term loan | Interest Rate Swap | Designated as Hedging Instrument | Other Assets
Derivative [Line Items]
Derivative asset, notional amount		$ 800,000,000
Unsecured Term Loan Portion Through October 2023 | Interest Rate Swap | Designated as Hedging Instrument | Other Assets
Derivative [Line Items]
All-In Swapped Rate		4.05%

Debt (Summary of Debt) (Details

Debt (Summary of Debt) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument
Deferred financing costs, net and other	$ (63,572,000)	$ (58,268,000)
Mortgages payable, net	5,829,018,000	6,053,343,000
Unsecured revolving credit facilities	575,000,000	575,000,000
Long term debt	2,560,025,000	2,562,604,000
Interest Rate Cap | One Park Avenue mortgage loan | Designated as Hedging Instrument
Debt Instrument
Derivative asset, notional amount	$ 525,000,000
Interest Rate Cap | One Park Avenue mortgage loan | Designated as Hedging Instrument | Secured Overnight Financing Rate (SOFR)
Debt Instrument
Cap strike rate	4.39%
Interest Rate Cap | One Park Avenue Mortgage Loan Expiring March 2024 | Designated as Hedging Instrument | Secured Overnight Financing Rate (SOFR)
Debt Instrument
Cap strike rate	3.89%
Mortgages Payable
Debt Instrument
Interest rate, end of period (in percentage)	4.43%
Debt, carrying amount	$ 5,877,615,000	6,099,215,000
Deferred financing costs, net and other	(48,597,000)	(45,872,000)
Mortgages payable, net	$ 5,829,018,000	6,053,343,000
Mortgages Payable | Fixed rate
Debt Instrument
Interest rate, end of period (in percentage)	3.63%
Debt, carrying amount	$ 3,570,000,000	2,190,000,000
Mortgages Payable | Variable Rate
Debt Instrument
Interest rate, end of period (in percentage)	5.67%
Debt, carrying amount	$ 2,307,615,000	3,909,215,000
Mortgages Payable | Variable Rate | Interest Rate Cap
Debt Instrument
Notional Amount	$ 1,649,120
Cap strike rate	4.14%
Weighted average remaining term	9 months
Senior unsecured notes
Debt Instrument
Interest rate, end of period (in percentage)	3.02%
Debt, carrying amount	$ 1,200,000,000	1,200,000,000
Deferred financing costs, net and other	(8,168,000)	(10,208,000)
Long term debt	$ 1,191,832,000	1,189,792,000
Unsecured Debt
Debt Instrument
Interest rate, end of period (in percentage)	4.05%
Debt, carrying amount	$ 800,000,000	800,000,000
Deferred financing costs, net and other	(6,807,000)	(2,188,000)
Long term debt	$ 793,193,000	797,812,000
Unsecured revolving credit facilities
Debt Instrument
Interest rate, end of period (in percentage)	3.88%
Unsecured revolving credit facilities	$ 575,000,000	$ 575,000,000

Debt (Principal repayments requ

Debt (Principal repayments required in the next five years) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Mortgages Payable
Contractual Obligation, Fiscal Year Maturity Schedule [Abstract]
2023	$ 21,600
2024	396,415
2025	854,600
2026	525,000
2027	1,580,000
Thereafter	2,500,000
Unsecured Debt
Contractual Obligation, Fiscal Year Maturity Schedule [Abstract]
2023	0
2024	0
2025	450,000
2026	400,000
2027	1,375,000
Thereafter	$ 350,000

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interests (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Redeemable Noncontrolling Interest
Redeemable noncontrolling interest, exchange ratio	1
Fair value of Series G convertible preferred units and Series D-13 cumulative redeemable preferred units	$ 49,383	$ 49,659
The Farley Building | Joint Venture
Redeemable Noncontrolling Interest
Equity method ownership percentage	95%
Capital contributions			$ 92,400

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interests (Details of Redeemable Noncontrolling Interest Units) (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Class A Unit
Redeemable Noncontrolling Interest
Class A common units, carrying amount	$ 345,157	$ 587,440
Outstanding Partnership Units held by Third Parties (shares)	14,416,891	14,033,438
Preferred or annual distribution rate (in dollars per share)	$ 2.12
3.25% D-17 Cumulative Redeemable
Redeemable Noncontrolling Interest
Debt instrument, interest rate, stated percentage	3.25%
Series D cumulative redeemable preferred, carrying amount	$ 3,535	$ 3,535
Outstanding Partnership Units held by Third Parties (shares)	141,400	141,400
Par or stated value per share	$ 25
Preferred or annual distribution rate (in dollars per share)	$ 0.8125

Redeemable Noncontrolling Int_5

Redeemable Noncontrolling Interests (Activity of Redeemable Noncontrolling Interests) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Redeemable Noncontrolling Interests Rollforward
Beginning balance	$ 688,683
Net (loss) income	(30,376)	$ 7,540	$ (24,946)
Other comprehensive income	14,250	4,048	(2,914)
Ending balance	436,732	688,683
Partnership Interest
Redeemable Noncontrolling Interests Rollforward
Beginning balance	590,975	511,747
Net (loss) income	(30,376)	7,540
Other comprehensive income	14,250	4,048
Distributions	(30,311)	(29,901)
Other, net	28,823	36,044
Ending balance	348,692	590,975	511,747
Partnership Interest | Class A Unit
Redeemable Noncontrolling Interests Rollforward
Redemption of Class A units for Vornado common shares, at redemption value	(3,524)	(14,576)
Redeemable Class A unit measurement adjustment	(221,145)	76,073
Subsidiaries
Redeemable Noncontrolling Interests Rollforward
Beginning balance	97,708	94,520
Net (loss) income	(9,668)	3,188
Ending balance	$ 88,040	$ 97,708	$ 94,520

Shareholders' Equity_Partners_3

Shareholders' Equity/Partners' Capital (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Common Stock Number Of Shares Par Value And Other Disclosures
Common shares / Class A units of beneficial interest: outstanding shares	191,866,880	191,723,608
Dividends / Distributions paid on common shares / Class A units	$ 406,562	$ 406,109	$ 827,319
Class A Unit
Common Stock Number Of Shares Par Value And Other Disclosures
Units outstanding	14,416,891	14,033,438
Vornado Realty Trust
Common Stock Number Of Shares Par Value And Other Disclosures
Common shares / Class A units of beneficial interest: outstanding shares	191,866,880
Dividends / Distributions paid on common shares / Class A units	$ 406,562
Dividends per common share (usd per share)	$ 0.53
Vornado Realty L.P.
Common Stock Number Of Shares Par Value And Other Disclosures
Dividends / Distributions paid on common shares / Class A units	$ 406,562	$ 406,109	$ 827,319
Vornado Realty L.P. | Class A Unit
Common Stock Number Of Shares Par Value And Other Disclosures
Common shares / Class A units of beneficial interest: outstanding shares	191,866,880
Dividends / Distributions paid on common shares / Class A units	$ 406,562
Dividends per common share (usd per share)	$ 0.53
Units outstanding	14,416,891	14,033,438

Shareholders' Equity_Partners_4

Shareholders' Equity/Partners' Capital (Preferred shares of beneficial interest) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details Of Preferred Shares Of Beneficial Interest
Dividends on preferred shares / Distributions to preferred unitholders (see Note 11 for dividends per share amounts)	$ 62,116	$ 65,880	$ 51,739
Preferred shares of beneficial interest: authorized shares (shares)	110,000,000	110,000,000
Preferred stock, value, issued , balance	$ 1,182,459	$ 1,182,459
Preferred shares/units of beneficial interest: outstanding shares (shares)	48,792,902	48,792,902
6.5% Series A | Convertible Preferred Stock
Details Of Preferred Shares Of Beneficial Interest
Preferred stock dividend rate	6.50%	6.50%
Preferred shares of beneficial interest: authorized shares (shares)	12,902	12,902
Preferred stock, value, issued , balance	$ 920	$ 920
Preferred shares/units of beneficial interest: outstanding shares (shares)	12,902	12,902
Preferred stock, liquidation preference per share (in dollars per share/unit)	$ 50	$ 50
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)	3.25	3.25
Preferred stock, redemption price per share (in common shares/Class A units per share/unit)	1.9531	1.9531
6.5% Series A | Convertible Preferred Stock | Class A Unit
Details Of Preferred Shares Of Beneficial Interest
Preferred stock, redemption price per share (in common shares/Class A units per share/unit)	$ 1.9531	$ 1.9531
5.40% Series L | Redeemable Preferred Stock
Details Of Preferred Shares Of Beneficial Interest
Preferred stock dividend rate	5.40%	5.40%
Preferred shares of beneficial interest: authorized shares (shares)	13,800,000	13,800,000
Preferred stock, value, issued , balance	$ 290,306	$ 290,306
Preferred shares/units of beneficial interest: outstanding shares (shares)	12,000,000	12,000,000
Preferred stock, liquidation preference per share (in dollars per share/unit)	$ 25	$ 25
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)	$ 1.35	$ 1.35
5.25% Series M | Redeemable Preferred Stock
Details Of Preferred Shares Of Beneficial Interest
Preferred stock dividend rate	5.25%	5.25%
Preferred shares of beneficial interest: authorized shares (shares)	13,800,000	13,800,000
Preferred stock, value, issued , balance	$ 308,946	$ 308,946
Preferred shares/units of beneficial interest: outstanding shares (shares)	12,780,000	12,780,000
Preferred stock, liquidation preference per share (in dollars per share/unit)	$ 25	$ 25
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)	$ 1.3125	$ 1.3125
5.25% Series N | Redeemable Preferred Stock
Details Of Preferred Shares Of Beneficial Interest
Preferred stock dividend rate	5.25%	5.25%
Preferred shares of beneficial interest: authorized shares (shares)	12,000,000	12,000,000
Preferred stock, value, issued , balance	$ 291,134	$ 291,134
Preferred shares/units of beneficial interest: outstanding shares (shares)	12,000,000	12,000,000
Preferred stock, liquidation preference per share (in dollars per share/unit)	$ 25	$ 25
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)	$ 1.3125	$ 1.3125
4.45% Series O | Redeemable Preferred Stock
Details Of Preferred Shares Of Beneficial Interest
Preferred stock dividend rate	4.45%	4.45%
Preferred shares of beneficial interest: authorized shares (shares)	12,000,000	12,000,000
Preferred stock, value, issued , balance	$ 291,153	$ 291,153
Preferred shares/units of beneficial interest: outstanding shares (shares)	12,000,000	12,000,000
Preferred stock, liquidation preference per share (in dollars per share/unit)	$ 25	$ 25
Preferred stock, dividend rate, per-dollar-amount (in dollars per share)	$ 1.1125	$ 1.1125

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity
Assets	$ 16,493,375	$ 17,266,588
Liabilities	9,980,263	10,062,667
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
Assets	68,223	69,435
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity
Assets	4,423,995	4,564,621
Liabilities	$ 2,345,726	$ 2,517,652

Fair Value Measurements (Financ

Fair Value Measurements (Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Real estate fund investments	$ 0	$ 7,730
Purchase of U.S. Treasury bills	1,066,096	0	$ 0
Investments in U.S. Treasury bills	471,962	0
Proceeds from maturities of U.S. Treasury bills	597,499	0	$ 0
US Treasury Bill Securities
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Purchase of U.S. Treasury bills	1,066,096
Investments in U.S. Treasury bills	1,077,000
Proceeds from maturities of U.S. Treasury bills	600,000
Amortized cost, current	473,171
Recurring
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Real estate fund investments		7,730
Deferred compensation plan assets (included in restricted cash and other assets)	96,322	110,174
Loans receivable (included in investments in partially owned entities and in other assets)	54,397	50,182
Interest rate swaps and caps (included in other assets)	183,804	18,929
Total assets	806,485	187,015
Mandatorily redeemable instruments (included in other liabilities)	49,383	49,659
Interest rate swaps (included in other liabilities)		32,837
Total liabilities		82,496
Recurring | US Treasury Bill Securities
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Investments in U.S. Treasury bills	471,962
Recurring | Level 1
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Real estate fund investments		0
Deferred compensation plan assets (included in restricted cash and other assets)	57,406	65,158
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	529,368	65,158
Mandatorily redeemable instruments (included in other liabilities)	49,383	49,659
Interest rate swaps (included in other liabilities)		0
Total liabilities		49,659
Recurring | Level 1 | US Treasury Bill Securities
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Investments in U.S. Treasury bills	471,962
Recurring | Level 2
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Real estate fund investments		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)	183,804	18,929
Total assets	183,804	18,929
Mandatorily redeemable instruments (included in other liabilities)	0	0
Interest rate swaps (included in other liabilities)		32,837
Total liabilities		32,837
Recurring | Level 2 | US Treasury Bill Securities
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Investments in U.S. Treasury bills	0
Recurring | Level 3
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Real estate fund investments		7,730
Deferred compensation plan assets (included in restricted cash and other assets)	38,916	45,016
Loans receivable (included in investments in partially owned entities and in other assets)	54,397	50,182
Interest rate swaps and caps (included in other assets)	0	0
Total assets	93,313	102,928
Mandatorily redeemable instruments (included in other liabilities)	0	0
Interest rate swaps (included in other liabilities)		0
Total liabilities		0
Recurring | Level 3 | US Treasury Bill Securities
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Investments in U.S. Treasury bills	0
Restricted Cash | Recurring
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Deferred compensation plan assets (included in restricted cash and other assets)	7,763	9,104
Other Assets | Recurring
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Deferred compensation plan assets (included in restricted cash and other assets)	88,559	101,070
Loans receivable (included in investments in partially owned entities and in other assets)	4,306	3,738
Partially Owned Properties | Recurring
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans receivable (included in investments in partially owned entities and in other assets)	$ 50,091	$ 46,444

Fair Value Measurements (Change

Fair Value Measurements (Changes in the Fair Value of Deferred Compensation Plan Assets) (Details) - Deferred Compensation Plan Assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 45,016	$ 39,928
Purchases/additional fundings	4,507	5,705
Sales	(9,941)	(4,766)
Realized and unrealized (losses) gains	(3,781)	2,250
Other, net	3,115	1,899
Ending balance	$ 38,916	$ 45,016

Fair Value Measurements (Unobse

Fair Value Measurements (Unobservable Quantitative Input Ratios) (Details) - Level 3	Dec. 31, 2022	Dec. 31, 2021
Discount rates | Nonrecurring | Real estate investments | Minimum
Unobservable Quantitative Input
Real estate, measurement input	0.0750
Discount rates | Nonrecurring | Real estate investments | Maximum
Unobservable Quantitative Input
Real estate, measurement input	0.0800
Discount rates | Nonrecurring | Real estate investments | Weighted Average
Unobservable Quantitative Input
Real estate, measurement input	0.0752
Terminal capitalization rates | Nonrecurring | Real estate investments | Minimum
Unobservable Quantitative Input
Real estate, measurement input	0.0475
Terminal capitalization rates | Nonrecurring | Real estate investments | Maximum
Unobservable Quantitative Input
Real estate, measurement input	0.0550
Terminal capitalization rates | Nonrecurring | Real estate investments | Weighted Average
Unobservable Quantitative Input
Real estate, measurement input	0.0478
Loans Receivable | Discount rates | Recurring
Unobservable Quantitative Input
Loans receivable, measurement input	0.075	0.065
Loans Receivable | Terminal capitalization rates | Recurring
Unobservable Quantitative Input
Loans receivable, measurement input	0.055	0.050

Fair Value Measurements (Chan_2

Fair Value Measurements (Changes in the Fair Value of Loans Receivable) (Details) - Loans Receivable - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	$ 50,182	$ 47,743
Interest accrual	4,748	3,714
Paydowns	(533)	(1,275)
Ending balance	$ 54,397	$ 50,182

Fair Value Measurements (Summar

Fair Value Measurements (Summary of Derivative Instruments) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Long term debt	$ 2,560,025,000	$ 2,562,604,000
Matures in May 2028 | 555 California Street, California | Office Building
Derivative [Line Items]
Equity method ownership percentage	70%	70%
Debt instrument, amount	$ 1,200,000,000	$ 1,200,000,000
Designated as Hedging Instrument | Other Assets
Derivative [Line Items]
Derivative asset, fair value	183,804,000	18,929,000
Designated as Hedging Instrument | Other Liabilities
Derivative [Line Items]
Derivative liability, fair value	0	32,837,000
Designated as Hedging Instrument | 555 California Street mortgage loan | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value	49,888,000	11,814,000
Derivative asset, notional amount	$ 840,000,000
All-In Swapped Rate	2.26%
Designated as Hedging Instrument | 770 Broadway mortgage loan | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value	$ 29,226,000	0
Derivative asset, notional amount	$ 700,000,000
All-In Swapped Rate	4.98%
Designated as Hedging Instrument | 770 Broadway mortgage loan | Interest Rate Swap | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread	2.25%
Designated as Hedging Instrument | PENN 11 mortgage loan | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value	$ 26,587,000	6,565,000
Derivative asset, notional amount	$ 500,000,000
All-In Swapped Rate	2.22%
Designated as Hedging Instrument | Unsecured revolving credit facility | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value	$ 24,457,000	0
Derivative asset, notional amount	$ 575,000,000
All-In Swapped Rate	3.88%
Designated as Hedging Instrument | Unsecured revolving credit facility | Interest Rate Swap | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread	1.15%
Designated as Hedging Instrument | Unsecured term loan | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value	$ 14,694,000	(28,976,000)
Derivative asset, notional amount	$ 800,000,000
All-In Swapped Rate	4.05%
Designated as Hedging Instrument | Unsecured term loan | Interest Rate Swap | Other Assets
Derivative [Line Items]
Derivative asset, notional amount	$ 800,000,000
Designated as Hedging Instrument | 100 West 33rd Street mortgage loan | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value	6,886,000	0
Derivative asset, notional amount	$ 480,000,000
All-In Swapped Rate	5.06%
Designated as Hedging Instrument | 100 West 33rd Street mortgage loan | Interest Rate Swap | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread	1.65%
Designated as Hedging Instrument | 888 Seventh Avenue mortgage loan | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value	$ 6,544,000	0
Derivative asset, notional amount	$ 200,000,000
All-In Swapped Rate	4.76%
Long term debt	$ 77,800,000
Rate	5.92%
Designated as Hedging Instrument | 888 Seventh Avenue mortgage loan | Interest Rate Swap | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread	1.80%
Designated as Hedging Instrument | Unsecured term loan (effective October 2023) | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value	$ 6,330,000	0
Derivative asset, notional amount	$ 500,000,000
All-In Swapped Rate	4.39%
Designated as Hedging Instrument | 4 Union Square South mortgage loan | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value	$ 4,050,000	(3,861,000)
Derivative asset, notional amount	$ 100,000,000
All-In Swapped Rate	3.74%
Designated as Hedging Instrument | 4 Union Square South mortgage loan | Interest Rate Swap | Other Assets
Derivative [Line Items]
Derivative asset, notional amount	$ 100,000,000
Designated as Hedging Instrument | 4 Union Square South mortgage loan | Interest Rate Swap | Other Assets | Floating After January 2025
Derivative [Line Items]
Rate	5.62%
Derivative liability, notional amount	$ 20,000,000
Designated as Hedging Instrument | 4 Union Square South mortgage loan | Interest Rate Swap | Secured Overnight Financing Rate (SOFR) | Other Assets | Floating After January 2025
Derivative [Line Items]
Variable Rate Spread	1.50%
Designated as Hedging Instrument | 1290 Avenue of the Americas mortgage loan | Interest Rate Cap
Derivative [Line Items]
Derivative asset, fair value	$ 7,590,000	411,000
Derivative asset, notional amount	$ 950,000,000
Designated as Hedging Instrument | 1290 Avenue of the Americas mortgage loan | Interest Rate Cap | LIBOR
Derivative [Line Items]
Cap strike rate	4%
Designated as Hedging Instrument | One Park Avenue mortgage loan | Interest Rate Cap
Derivative [Line Items]
Derivative asset, fair value	$ 5,472,000	0
Derivative asset, notional amount	$ 525,000,000
Designated as Hedging Instrument | One Park Avenue mortgage loan | Interest Rate Cap | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Cap strike rate	4.39%
Designated as Hedging Instrument | Various mortgage loans | Interest Rate Cap
Derivative [Line Items]
Derivative asset, fair value	$ 2,080,000	139,000
Designated as Hedging Instrument | Unsecured Term Loan Expiring October 2023 | Interest Rate Swap
Derivative [Line Items]
Derivative asset, notional amount	750,000,000
Designated as Hedging Instrument | Unsecured term loan | Interest Rate Swap
Derivative [Line Items]
Derivative asset, notional amount	$ 50,000,000
All-In Swapped Rate	4.04%
Designated as Hedging Instrument | Unsecured term loan | Interest Rate Swap | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Variable Rate Spread	1.30%
Designated as Hedging Instrument | 33‑00 Northern Boulevard Mortgage Loan | Interest Rate Swap | Other Liabilities | Floating After January 2025
Derivative [Line Items]
Derivative liability, notional amount		$ 100,000,000
Designated as Hedging Instrument | One Park Avenue Mortgage Loan Expiring March 2024 | Interest Rate Cap | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Cap strike rate	3.89%

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Real estate investments	$ 0	$ 7,730,000
Real estate investments
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Real estate investments	0	$ 7,730,000
Nonrecurring | Level 3 | Real estate investments
Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Real estate investments	$ 2,352,328,000

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Amounts and Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Unsecured revolving credit facilities	$ 575,000	$ 575,000
Deferred financing costs, net and other	63,572	58,268
Unsecured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt, carrying amount	800,000	800,000
Deferred financing costs, net and other	6,807	2,188
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Cash equivalents, carrying amount	402,903	1,346,684
Mortgages payable, gross	5,877,615	6,099,215
Unsecured revolving credit facilities	575,000	575,000
Debt, carrying amount	8,452,615	8,674,215
Carrying Amount | Senior unsecured notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Unsecured debt, gross	1,200,000	1,200,000
Carrying Amount | Unsecured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Unsecured debt, gross	800,000	800,000
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt, fair value	8,093,000	8,657,000
Fair Value | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Cash equivalents, fair value	403,000	1,347,000
Unsecured revolving credit facilities, fair value	575,000	575,000
Fair Value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Mortgages payable, gross	5,697,000	6,052,000
Fair Value | Senior unsecured notes | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Unsecured debt, gross	1,021,000	1,230,000
Fair Value | Unsecured Debt | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Unsecured debt, gross	$ 800,000	$ 800,000

Stock-based Compensation (Out P

Stock-based Compensation (Out Performance Plans Narrative) (Details) - USD ($)		12 Months Ended
	Jan. 12, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Full Value Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		2,803,000
Long-Term Performance Award 2022
Out Performance Plan
Out of performance plan notional amount		$ 17,025,000
Grant-date fair value		7,847,000
Share-based compensation expense		$ 4,033,000
Long-Term Performance Award 2022 | Operational
Out Performance Plan
Percentage breakdown of awards	50%
Long-Term Performance Award 2022 | Operational | Comparable FFO per Share
Out Performance Plan
Percentage breakdown of awards	75%
Long-Term Performance Award 2022 | Operational | ESG Performance Metrics
Out Performance Plan
Percentage breakdown of awards	25%
Long-Term Performance Award 2022 | Relative
Out Performance Plan
Percentage breakdown of awards	50%
Percentage reduction threshold	30%
Duration of performance measurement period	3 years
Long-Term Performance Award 2022 | Relative | SNL US Office REIT Index
Out Performance Plan
Percentage reduction threshold	50%
Long-Term Performance Award 2022 | Relative | Northeast Peer Group Custom Index
Out Performance Plan
Percentage reduction threshold	50%
Long-Term Performance Award 2022 | Absolute
Out Performance Plan
Percentage reduction threshold	30%
Award requisite service period	1 year
Long-Term Performance Award 2022 | Absolute | Chief Executive Officer
Out Performance Plan
Award requisite service period	3 years
Long-Term Performance Award 2022 | Absolute | Maximum
Out Performance Plan
Percent vested, year four	50%
Percent vested, year five	50%
OPPs
Out Performance Plan
Share-based compensation expense			$ 6,140,000	$ 7,583,000
OPPs | Absolute | Minimum
Out Performance Plan
Duration of performance measurement period		3 years
OPPs | Absolute | Maximum
Out Performance Plan
Duration of performance measurement period		4 years
Out Performance Plan 2021
Out Performance Plan
Out of performance plan notional amount		$ 30,000,000
Grant-date fair value		$ 9,950,000
Percentage of notional amount granted		99.10%
OPP Units Earned		To be determined in 2025
Out Performance Plan 2020
Out Performance Plan
Out of performance plan notional amount		$ 35,000,000
Grant-date fair value		$ 11,700,000
Percentage of notional amount granted		94%
OPP Units Earned		To be determined in 2023
2019 Omnibus Share Plan | Full Value Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		5,500,000
2019 Omnibus Share Plan | Not Full Value Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		11,000,000

Stock-based Compensation (Summa

Stock-based Compensation (Summary of Share Based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 29,249	$ 38,329	$ 48,677
OP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	21,086	27,698	33,431
LTPP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	5,145	0	0
OPPs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	1,906	8,629	9,579
AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	430	877	3,955
Vornado stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	296	456	656
Vornado restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	292	450	649
Performance Conditioned AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 94	$ 219	$ 407

Stock-based Compensation (Sum_2

Stock-based Compensation (Summary of Unrecognized Compensation Expense) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 14,212
Weighted-Average Remaining Contractual Term	1 year 6 months
OP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 7,834
Weighted-Average Remaining Contractual Term	1 year 4 months 24 days
OPPs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 3,198
Weighted-Average Remaining Contractual Term	1 year 7 months 6 days
LTPP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 2,702
Weighted-Average Remaining Contractual Term	1 year 9 months 18 days
Vornado stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 175
Weighted-Average Remaining Contractual Term	1 year
Vornado restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 172
Weighted-Average Remaining Contractual Term	1 year
AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 131
Weighted-Average Remaining Contractual Term	1 year

Stock-based Compensation (Perfo

Stock-based Compensation (Performance Conditioned AO LTIP Units & Vornado Stock Options Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds received from exercise of employee share options and other	$ 885,000	$ 899,000	$ 5,862,000
Vornado stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	4 years
Stock options expiration term	10 years
Grants in period, weighted average grant date fair value (usd per share)			$ 12.28
Proceeds received from exercise of employee share options and other	$ 7,000	22,000	$ 3,516,000
Exercises in period, intrinsic value	$ 842	$ 5,500	859,000
Performance Conditioned AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expiration term	10 years
Threshold percentage to satisfy performance based condition	110%
Threshold period to satisfy performance based condition	20 days
AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expiration term	10 years
Threshold level, percent	100%
Special allocation	10%
Special distribution, percent	10%
Grant-date fair value			$ 4,319,000

Stock-based Compensation (Per_2

Stock-based Compensation (Performance Conditioned AO LTIP Units Vornado Stock Options) (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Vornado stock options
Shares
Options outstanding at beginning of period (shares) | shares	191,933
Exercised (shares) | shares	(197)
Forfeited (shares) | shares	(1,413)
Expired (shares) | shares	(13,618)
Options outstanding at end of period (shares) | shares	176,705
Option exercisable at end of period (shares) | shares	140,031
Weighted- Average Exercise Price
Options outstanding at beginning of period (in usd per share) | $ / shares	$ 65.27
Exercised (in usd per share) | $ / shares	36.72
Forfeited (in usd per share) | $ / shares	53.42
Expired (in usd per share) | $ / shares	65.86
Options outstanding at end of period (in usd per share) | $ / shares	65.35
Options exercisable at end of period (in usd per share) | $ / shares	$ 68.25
Weighted- Average Remaining Contractual Term
Options outstanding, Weighted Average Remaining Contractual Term	4 years 11 months 26 days
Options exercisable, Weighted Average Remaining Contractual Term	4 years 5 months 23 days
Aggregate Intrinsic Value
Options outstanding, Aggregate Intrinsic Value | $	$ 0
Options exercisable, Aggregate Intrinsic Value | $	$ 0
AO LTIP Units
Shares
Options outstanding at beginning of period (shares) | shares	567,739
Forfeited (shares) | shares	(886)
Expired (shares) | shares	(1,189)
Options outstanding at end of period (shares) | shares	565,664
Option exercisable at end of period (shares) | shares	437,372
Weighted- Average Exercise Price
Options outstanding at beginning of period (in usd per share) | $ / shares	$ 59.91
Forfeited (in usd per share) | $ / shares	54.16
Expired (in usd per share) | $ / shares	56.29
Options outstanding at end of period (in usd per share) | $ / shares	59.93
Options exercisable at end of period (in usd per share) | $ / shares	$ 61.39
Weighted- Average Remaining Contractual Term
Options outstanding, Weighted Average Remaining Contractual Term	6 years 3 months 14 days
Options exercisable, Weighted Average Remaining Contractual Term	6 years 1 month 13 days
Aggregate Intrinsic Value
Options outstanding, Aggregate Intrinsic Value | $	$ 0
Options exercisable, Aggregate Intrinsic Value | $	$ 0

Stock-based Compensation (Sched

Stock-based Compensation (Schedule of AO LTIP Units & Share Based Payment Award Stock Options Valuation Assumptions) (Details)	12 Months Ended
	Dec. 31, 2020
Vornado stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	35%
Expected volatility, maximum	36%
Expected life (years)	5 years
Risk free interest rate, minimum	0.57%
Risk free interest rate, maximum	1.76%
Vornado stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield (percentage)	3.20%
Vornado stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield (percentage)	3.40%
AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	35%
Expected volatility, maximum	36%
Expected life (years)	5 years
Risk free interest rate, minimum	0.57%
Risk free interest rate, maximum	1.76%
AO LTIP Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield (percentage)	3.20%
AO LTIP Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield (percentage)	3.40%

Stock-based Compensation (Vorna

Stock-based Compensation (Vornado Restricted Stock or Operating Partnership Units Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
OP Units
Share Based Compensation Equity Instruments Other Than Stock Options And Restricted Stock Units Summary
Award vesting period (years)	4 years
Distributions, share-based compensation	$ 2,197	$ 2,634	$ 5,316
Grant-date fair value	15,446	26,194	18,013
Vested in period, fair value	$ 25,158	36,541	24,373
Vornado Restricted Stock
Share Based Compensation Equity Instruments Other Than Stock Options And Restricted Stock Units Summary
Award vesting period (years)	4 years
Distributions, share-based compensation	$ 18	35	98
Grant-date fair value			853
Vested in period, fair value	$ 428	$ 567	$ 602

Stock-based Compensation (Sum_3

Stock-based Compensation (Summary of Restricted Stock or Restricted Operating Partnership Units) (Details)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
OP Units
Units
Unvested at beginning of period (shares) | shares	1,083,087
Granted (shares) | shares	501,169
Vested (shares) | shares	(597,292)
Forfeited (in shares) | shares	(1,048)
Unvested at end of period (shares) | shares	985,916
Weighted-Average Grant-Date Fair Value
Unvested at beginning of period (in usd per share) | $ / shares	$ 53.99
Granted (in usd per share) | $ / shares	30.82
Vested (in usd per share) | $ / shares	42.12
Expired or cancelled (in usd per share) | $ / shares	44.25
Unvested at end of period (in usd per share) | $ / shares	$ 49.41
Vornado Restricted Stock
Units
Unvested at beginning of period (shares) | shares	15,774
Vested (shares) | shares	(7,069)
Forfeited (in shares) | shares	(326)
Unvested at end of period (shares) | shares	8,379
Weighted-Average Grant-Date Fair Value
Unvested at beginning of period (in usd per share) | $ / shares	$ 57.82
Vested (in usd per share) | $ / shares	60.57
Expired or cancelled (in usd per share) | $ / shares	54.55
Unvested at end of period (in usd per share) | $ / shares	$ 55.64

Impairment Losses, Transactio_3

Impairment Losses, Transaction Related Costs and Other (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Transaction Related Costs, Impairment Losses and Other [Line Items]
Real estate impairment losses	$ 19,098	$ 7,880	$ 236,286
Transaction related costs and other	12,624	5,935	8,001
Impairment losses and transaction related costs, net	31,722	13,815	174,027
608 Fifth Avenue
Transaction Related Costs, Impairment Losses and Other [Line Items]
608 Fifth Avenue lease liability extinguishment gain	$ 0	$ 0	$ (70,260)

Interest and Other Investment_3

Interest and Other Investment Income (Loss), Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest and Other Income [Abstract]
Interest on cash and cash equivalents and restricted cash	$ 7,553	$ 284	$ 5,793
Amortization of discount on investments in U.S. Treasury bills	7,075	0	0
Interest on loans receivable	5,006	2,517	3,384
Credit losses on loans receivable	0	0	(13,369)
Market-to-market decrease in the fair value of marketable security (sold on January 23, 2020)	0	0	(4,938)
Other, net	235	1,811	3,631
Interest and other investment income, net	$ 19,869	$ 4,612	$ (5,499)

Interest and Debt Expense (Deta

Interest and Debt Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest and Debt Expense [Abstract]
Interest expense	$ 277,046	$ 249,169	$ 251,847
Amortization of Debt Issuance Costs	21,804	20,247	18,460
Interest Costs Capitalized Adjustment	(19,085)	(38,320)	(41,056)
Interest and debt expense	$ 279,765	$ 231,096	$ 229,251

Interest and Debt Expense - Foo

Interest and Debt Expense - Footnote (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest and Debt Expense [Abstract]
Defeasance cost, noncash expense	$ 0	$ 23,729	$ 0
Defeasance cost, noncash expense attributable to noncontrolling interest		$ 7,119
Controlling interest, percentage owned		70%

(Loss) Income Per Share_(Loss_3

(Loss) Income Per Share/(Loss) Income Per Class A Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net income (loss) attributable to Vornado / Vornado Realty L.P.	$ (346,499)	$ 175,999	$ (297,005)
Preferred share dividends / unit distributions	(62,116)	(65,880)	(51,739)
Preferred share / unit issuance costs	0	(9,033)	0
NET (LOSS) INCOME attributable to common shareholders / Class A unitholders	(408,615)	101,086	(348,744)
Earnings allocated to unvested participating securities	(18)	(34)	(99)
Numerator for basic income (loss) per share / per Class A unit	$ (408,633)	$ 101,052	$ (348,843)
Denominator:
Denominator for basic income (loss) per share - weighted average shares (in shares)	191,775	191,551	191,146
Denominator for diluted income (loss) per share - weighted average shares and assumed conversions (in shares)	191,775	192,122	191,146
(LOSS) INCOME PER COMMON SHARE - BASIC:
Net (loss) income per common share (in dollars per share)	$ (2.13)	$ 0.53	$ (1.83)
(LOSS) INCOME PER COMMON SHARE - DILUTED:
Net (loss) income per common share (in dollars per share)	$ (2.13)	$ 0.53	$ (1.83)
Share-based payment awards
Denominator:
Share-based payment awards and convertible securities (in shares)	0	571	0
Vornado Realty L.P.
Numerator:
Net income (loss) attributable to Vornado / Vornado Realty L.P.	$ (376,875)	$ 183,539	$ (321,951)
Preferred share dividends / unit distributions	(62,231)	(66,035)	(51,904)
Preferred share / unit issuance costs	0	(9,033)	0
NET (LOSS) INCOME attributable to common shareholders / Class A unitholders	(439,106)	108,471	(373,855)
Earnings allocated to unvested participating securities	(2,215)	(2,668)	(5,417)
Numerator for basic income (loss) per share / per Class A unit	$ (441,321)	$ 105,803	$ (379,272)
Denominator:
Denominator for basic income (loss) per Class A unit - weighted average units and assumed conversions	205,315	204,728	203,503
Denominator for diluted income per Class A unit - weighted average units	205,315	205,644	203,503
(LOSS) INCOME PER CLASS A UNIT - BASIC:
Net (loss) income per Class A unit (in dollars per unit)	$ (2.15)	$ 0.52	$ (1.86)
(LOSS) INCOME PER CLASS A UNIT - DILUTED:
Net (loss) income per Class A unit (in dollars per unit)	$ (2.15)	$ 0.51	$ (1.86)
Vornado Realty L.P. | Share-based payment awards
Denominator:
Share-based payment awards and convertible securities (in shares)	0	916	0

(Loss) Income Per Share_(Loss_4

(Loss) Income Per Share/(Loss) Income Per Class A Unit (Narrative) (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 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	16,252	13,835	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	2,712	313	1,650

Leases (Lessor, Operating Lease

Leases (Lessor, Operating Lease, Payments to be Received) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
2023	$ 1,304,777
2024	1,200,544
2025	1,102,476
2026	1,053,948
2027	950,515
Thereafter	$ 6,515,202

Leases (Narrative) (Details)

Leases (Narrative) (Details) ft² in Thousands, $ in Thousands	1 Months Ended
	Jan. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)
Leases [Line Items]
Right-of-use assets		$ 684,380	$ 337,197
Lease liabilities		$ 735,969	$ 370,206
Farley Building
Leases [Line Items]
Equity method ownership percentage		95%
Lessee, operating lease, lease not yet commenced, term (years)		99 years
Square footage of real estate property (in sqft) | ft²		846
PILOT payments		$ 535,188
Office Building | Farley Building
Leases [Line Items]
Square footage of real estate property (in sqft) | ft²		730
Retail | Farley Building
Leases [Line Items]
Square footage of real estate property (in sqft) | ft²		116
PENN 1
Leases [Line Items]
Term of contract	25 years
Length of extension available (years)	25 years
Finance lease, right-of-use asset	$ 350,000
Finance lease liability	$ 350,000

Leases (Schedule of Amounts Inc

Leases (Schedule of Amounts Included in the Measurement of Lease Liability) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Weighted average remaining lease term (in years)	48 years 4 months 24 days	44 years 4 months 24 days	44 years 9 months 18 days
Weighted average discount rate (percent)	5.54%	4.85%	4.91%
Cash paid for operating leases	$ 21,861	$ 22,382	$ 23,932

Leases (Schedule of Components

Leases (Schedule of Components of Rent Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Fixed rent expense	$ 45,211	$ 24,901	$ 28,503
Variable rent expense	14,180	13,078	1,178
Rent expense	$ 59,391	$ 37,979	$ 29,681

Leases (Lessee, Operating Lease

Leases (Lessee, Operating Lease, Liability, Maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 34,782
2024	46,859
2025	47,227
2026	47,616
2027	48,027
Thereafter	1,949,551
Total undiscounted cash flows	2,174,062
Present value discount	(1,438,093)
Lease liabilities	$ 735,969	$ 370,206

Multiemployer Benefit Plans (De

Multiemployer Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Multiemployer Benefit Plans
Multiemployer plans contributions represent more than 5% of total employer contributions	false	true	false
Multiemployer Pension Plans
Multiemployer Benefit Plans
Multiemployer plan, period contributions	$ 7,761	$ 19,851	$ 7,049
Multiemployer Health Plans
Multiemployer Benefit Plans
Multiemployer plan, period contributions	$ 26,514	$ 23,431	$ 26,938

Commitments and Contingencies (

Commitments and Contingencies (Details) ft² in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) ft²	Jul. 31, 2018 USD ($) ft²
Other Commitments
Guarantees and master leases	$ 1,553,000,000
Outstanding letters of credit	15,273,000
Clawback payment	26,400,000
Commitment to fund additional capital to partially owned entities	10,300,000
Other commitment	$ 409,000,000
Farley Building
Other Commitments
Square footage of real estate property (in sqft) | ft²	846
Equity method ownership percentage	95%
Joint Venture | Farley Building
Other Commitments
Equity method ownership percentage	95%
Tax credit advisor capital contributions	$ 92,400,000
Affiliated Entity | Farley Building
Other Commitments
Equity method ownership percentage	5%
345 Montgomery Street | Subsidiary of Regus PLC
Other Commitments
Square footage of real estate property (in sqft) | ft²		78
Lessor, lease not yet commenced, term of contract (years)		15 years
Regus PLC | 345 Montgomery Street
Other Commitments
Contractual obligation (up to)		$ 90,000,000
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
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%
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
Insurance
Insurance limit per occurrence	5,000,000,000
Insurance maximum coverage limit in aggregate	5,000,000,000
NBCR | PPIC
Insurance
Insurance deductible	$ 1,774,525
Insurance deductible percentage of balance of covered loss	20%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Alexander's
Related Party Transaction
Percentage of affiliated entity owned by company	32.40%
Percentage of affiliated entity owned by related parties	26%
Interstate Properties
Related Party Transaction
Percentage of company owned by related party	7%
Related party transaction annual fee percentage	4%
Term of management agreement	1 year
Period allowed for termination of automatic renewal of management agreement	60 days
Fee and other income from related parties (in US dollars)	$ 204	$ 203	$ 203

Segment Information (Narrative)

Segment Information (Narrative) (Details)	12 Months Ended
	Dec. 31, 2022 segment
Segment Reporting [Abstract]
Number of reportable segments (segment)	2

Segment Information (Summary of

Segment Information (Summary of NOI by Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 1,799,995	$ 1,589,210	$ 1,527,951
Operating expenses	(873,911)	(797,315)	(789,066)
NOI - consolidated	926,084	791,895	738,885
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries	(70,029)	(69,385)	(72,801)
Add: NOI from partially owned entities	305,993	310,858	306,495
NOI at share	1,162,048	1,033,368	972,579
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other	(10,980)	1,318	46,246
NOI at share - cash basis	1,151,068	1,034,686	1,018,825
New York
Segment Reporting Information [Line Items]
Total revenues	1,449,442	1,257,599	1,221,748
Operating expenses	(716,148)	(626,386)	(640,531)
NOI - consolidated	733,294	631,213	581,217
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries	(45,566)	(38,980)	(43,773)
Add: NOI from partially owned entities	293,780	300,721	296,447
NOI at share	981,508	892,954	833,891
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other	(18,509)	(1,188)	36,715
NOI at share - cash basis	962,999	891,766	870,606
Other
Segment Reporting Information [Line Items]
Total revenues	350,553	331,611	306,203
Operating expenses	(157,763)	(170,929)	(148,535)
NOI - consolidated	192,790	160,682	157,668
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries	(24,463)	(30,405)	(29,028)
Add: NOI from partially owned entities	12,213	10,137	10,048
NOI at share	180,540	140,414	138,688
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other	7,529	2,506	9,531
NOI at share - cash basis	$ 188,069	$ 142,920	$ 148,219

Segment Information (Reconcilia

Segment Information (Reconciliation of Net Income to NOI) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting [Abstract]
Net (loss) income	$ (382,612)	$ 207,553	$ (461,845)
Depreciation and amortization expense	504,502	412,347	399,695
General and administrative expense	133,731	134,545	181,509
Impairment losses, transaction related costs and other	31,722	13,815	174,027
Loss (income) from partially owned entities	461,351	(130,517)	329,112
(Income) loss from real estate fund investments	(3,541)	(11,066)	226,327
Interest and other investment (income) loss, net	(19,869)	(4,612)	5,499
Interest and debt expense	279,765	231,096	229,251
Net gains on disposition of wholly owned and partially owned assets	(100,625)	(50,770)	(381,320)
Income tax expense (benefit)	21,660	(10,496)	36,630
NOI from partially owned entities	305,993	310,858	306,495
NOI attributable to noncontrolling interests in consolidated subsidiaries	(70,029)	(69,385)	(72,801)
NOI at share	1,162,048	1,033,368	972,579
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other	(10,980)	1,318	46,246
NOI at share - cash basis	$ 1,151,068	$ 1,034,686	$ 1,018,825

Subsequent Events (Details)

Subsequent Events (Details) ft² in Thousands, $ in Thousands				12 Months Ended
	Jan. 24, 2023 USD ($) ft²	Jan. 11, 2023	Jan. 12, 2022	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jan. 09, 2023 USD ($)
Subsequent Event [Line Items]
Payments to acquire real estate				$ 159,796	$ 149,461	$ 155,738
Absolute | Share-based payment awards
Subsequent Event [Line Items]
Award requisite service period			1 year
Absolute | Share-based payment awards | Chief Executive Officer
Subsequent Event [Line Items]
Award requisite service period			3 years
Subsequent Event | Operational | Share-based payment awards
Subsequent Event [Line Items]
Percentage breakdown of awards		50%
Subsequent Event | Operational | Share-based payment awards | Comparable FFO per Share
Subsequent Event [Line Items]
Percentage breakdown of awards		75%
Subsequent Event | Operational | Share-based payment awards | ESG Performance Metrics
Subsequent Event [Line Items]
Percentage breakdown of awards		25%
Subsequent Event | Relative | Share-based payment awards
Subsequent Event [Line Items]
Percentage breakdown of awards		50%
Percentage reduction threshold		30%
Duration of performance measurement period		3 years
Subsequent Event | Relative | Share-based payment awards | Dow Jones U.S. Real Estate Office Index
Subsequent Event [Line Items]
Percentage of benchmark		50%
Subsequent Event | Relative | Share-based payment awards | Northeast Peer Group Custom Index
Subsequent Event [Line Items]
Percentage of benchmark		50%
Subsequent Event | Absolute | Share-based payment awards
Subsequent Event [Line Items]
Percentage reduction threshold		30%
Subsequent Event | Absolute | Share-based payment awards | Maximum | Vests in January 2026
Subsequent Event [Line Items]
Percent vested, year four		50%
Subsequent Event | Absolute | Share-based payment awards | Maximum | Vests in January 2027
Subsequent Event [Line Items]
Percent vested, year five		50%
350 Park Avenue Office Building | Subsequent Event | Citadel Enterprise Americas LLC
Subsequent Event [Line Items]
Square footage of real estate property (in sqft) | ft²	585
Term of contract	10 years
Initial annual net rent	$ 36,000
40 East 52nd Street | Subsequent Event | Citadel Enterprise Americas LLC
Subsequent Event [Line Items]
Square footage of real estate property (in sqft) | ft²	390
The Site | Subsequent Event
Subsequent Event [Line Items]
Basis difference in carrying amount	$ 1,200,000
The Site | Subsequent Event | KG
Subsequent Event [Line Items]
Exercise of option to purchase	$ 1,200,000
Put option closing period	10 years
Termination payment	$ 200,000
The Site | Vornado | Subsequent Event
Subsequent Event [Line Items]
Basis difference in carrying amount	900,000
The Site | Vornado | Subsequent Event | KG
Subsequent Event [Line Items]
Exercise of option to purchase	900,000
The Site | Rudin | Subsequent Event
Subsequent Event [Line Items]
Basis difference in carrying amount	300,000
The Site | Rudin | Subsequent Event | KG
Subsequent Event [Line Items]
Exercise of option to purchase	$ 300,000
Citadel Enterprise Americas LLC | New York City Metropolitan Area | Subsequent Event
Subsequent Event [Line Items]
Square footage of real estate property (in sqft) | ft²	850
Lease, term (in years)	15 years
Vornado and Rudin | Subsequent Event
Subsequent Event [Line Items]
Equity method ownership percentage	40%
Vornado and Rudin | Vornado | Subsequent Event
Subsequent Event [Line Items]
Equity method ownership percentage	36%
Vornado and Rudin | Rudin | Subsequent Event
Subsequent Event [Line Items]
Equity method ownership percentage	4%
Vornado and Rudin | KG | Subsequent Event | Preferred Shares
Subsequent Event [Line Items]
Aggregate of preferred equity interests	$ 250,000
Vornado and Rudin | 39 East 51st Street | Subsequent Event | Rudin Management Co, Inc.
Subsequent Event [Line Items]
Payments to acquire real estate	$ 40,000
Vornado and Rudin | The Site | Subsequent Event
Subsequent Event [Line Items]
Square footage of real estate property (in sqft) | ft²	1,700
Exercise of option to purchase	$ 1,400,000
Vornado and Rudin | The Site | Vornado | Subsequent Event
Subsequent Event [Line Items]
Exercise of option to purchase	1,085,000
Vornado and Rudin | The Site | Rudin | Subsequent Event
Subsequent Event [Line Items]
Exercise of option to purchase	$ 315,000
Vornado and Rudin | The Site | KG | Subsequent Event
Subsequent Event [Line Items]
Option to acquire interest in joint venture, percentage	60%
KG | Subsequent Event
Subsequent Event [Line Items]
Equity method ownership percentage	60%
150 West 34th Street Loan Participation | Subsequent Event | Participating Mortgages
Subsequent Event [Line Items]
Participation interest							$ 105,000
Debt instrument, amount							205,000
Mortgage loan							105,000
Remaining mortgage loan							$ 100,000
150 West 34th Street Loan Participation | Subsequent Event | Secured Overnight Financing Rate (SOFR) | Participating Mortgages
Subsequent Event [Line Items]
Rate							1.86%
150 West 34th Street Loan Participation | Subsequent Event | Maximum | Secured Overnight Financing Rate (SOFR) | Participating Mortgages
Subsequent Event [Line Items]
Rate							4.10%

SEC Schedule III Real Estate _2

SEC Schedule III Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Real Estate And Accumulated Depreciation
Encumbrances	$ 6,452,615
Initial cost to company
Land	2,468,838
Buildings and improvements	5,890,960
Costs capitalized subsequent to acquisition	4,954,957
Gross amount at which carried at close of period
Land	2,451,828
Buildings and improvements	10,862,927
Total	13,314,755
Accumulated depreciation and amortization	3,470,991	$ 3,376,347	$ 3,169,446	$ 3,015,958
Net basis difference of assets and liabilities between tax basis and GAAP basis	$ 1,600,000
Real estate and accumulated depreciation life used for depreciation	40 years
Maximum
Gross amount at which carried at close of period
Real estate and accumulated depreciation life used for depreciation	40 years
Minimum
Gross amount at which carried at close of period
Real estate and accumulated depreciation life used for depreciation	7 years
Leasehold improvements, equipment and other
Real Estate And Accumulated Depreciation
Encumbrances	$ 0
Initial cost to company
Land	0
Buildings and improvements	0
Costs capitalized subsequent to acquisition	125,389
Gross amount at which carried at close of period
Land	0
Buildings and improvements	125,389
Total	125,389
Accumulated depreciation and amortization	95,165
New York
Real Estate And Accumulated Depreciation
Encumbrances	5,252,615
Initial cost to company
Land	2,084,155
Buildings and improvements	4,627,325
Costs capitalized subsequent to acquisition	4,046,638
Gross amount at which carried at close of period
Land	2,070,319
Buildings and improvements	8,687,799
Total	10,758,118
Accumulated depreciation and amortization	2,507,571
New York | Manhattan
Real Estate And Accumulated Depreciation
Encumbrances	5,252,615
Initial cost to company
Land	2,084,155
Buildings and improvements	4,627,325
Costs capitalized subsequent to acquisition	4,025,414
Gross amount at which carried at close of period
Land	2,069,286
Buildings and improvements	8,667,608
Total	10,736,894
Accumulated depreciation and amortization	2,490,748
New York | Manhattan | 1290 Avenue of the Americas
Real Estate And Accumulated Depreciation
Encumbrances	950,000
Initial cost to company
Land	518,244
Buildings and improvements	926,992
Costs capitalized subsequent to acquisition	269,875
Gross amount at which carried at close of period
Land	518,244
Buildings and improvements	1,196,867
Total	1,715,111
Accumulated depreciation and amortization	478,343
New York | Manhattan | One Park Avenue
Real Estate And Accumulated Depreciation
Encumbrances	525,000
Initial cost to company
Land	197,057
Buildings and improvements	369,016
Costs capitalized subsequent to acquisition	2,936
Gross amount at which carried at close of period
Land	197,057
Buildings and improvements	371,952
Total	569,009
Accumulated depreciation and amortization	14,868
New York | Manhattan | 350 Park Avenue
Real Estate And Accumulated Depreciation
Encumbrances	400,000
Initial cost to company
Land	265,889
Buildings and improvements	363,381
Costs capitalized subsequent to acquisition	64,619
Gross amount at which carried at close of period
Land	265,889
Buildings and improvements	428,000
Total	693,889
Accumulated depreciation and amortization	170,634
New York | Manhattan | PENN 1
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	0
Buildings and improvements	412,169
Costs capitalized subsequent to acquisition	791,704
Gross amount at which carried at close of period
Land	0
Buildings and improvements	1,203,873
Total	1,203,873
Accumulated depreciation and amortization	402,282
New York | Manhattan | 100 West 33rd Street
Real Estate And Accumulated Depreciation
Encumbrances	480,000
Initial cost to company
Land	331,371
Buildings and improvements	361,443
Costs capitalized subsequent to acquisition	78,034
Gross amount at which carried at close of period
Land	331,371
Buildings and improvements	439,477
Total	770,848
Accumulated depreciation and amortization	178,228
New York | Manhattan | 150 West 34th Street
Real Estate And Accumulated Depreciation
Encumbrances	205,000
Initial cost to company
Land	119,657
Buildings and improvements	268,509
Costs capitalized subsequent to acquisition	0
Gross amount at which carried at close of period
Land	119,657
Buildings and improvements	268,509
Total	388,166
Accumulated depreciation and amortization	50,905
New York | Manhattan | PENN 2
Real Estate And Accumulated Depreciation
Encumbrances	575,000
Initial cost to company
Land	53,615
Buildings and improvements	164,903
Costs capitalized subsequent to acquisition	544,767
Gross amount at which carried at close of period
Land	52,689
Buildings and improvements	710,596
Total	763,285
Accumulated depreciation and amortization	108,685
New York | Manhattan | 90 Park Avenue
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	8,000
Buildings and improvements	175,890
Costs capitalized subsequent to acquisition	199,485
Gross amount at which carried at close of period
Land	8,000
Buildings and improvements	375,375
Total	383,375
Accumulated depreciation and amortization	192,616
New York | Manhattan | 770 Broadway
Real Estate And Accumulated Depreciation
Encumbrances	700,000
Initial cost to company
Land	52,898
Buildings and improvements	95,686
Costs capitalized subsequent to acquisition	192,597
Gross amount at which carried at close of period
Land	52,898
Buildings and improvements	288,283
Total	341,181
Accumulated depreciation and amortization	142,018
New York | Manhattan | 888 Seventh Avenue
Real Estate And Accumulated Depreciation
Encumbrances	277,800
Initial cost to company
Land	0
Buildings and improvements	117,269
Costs capitalized subsequent to acquisition	170,408
Gross amount at which carried at close of period
Land	0
Buildings and improvements	287,677
Total	287,677
Accumulated depreciation and amortization	155,181
New York | Manhattan | PENN 11
Real Estate And Accumulated Depreciation
Encumbrances	500,000
Initial cost to company
Land	40,333
Buildings and improvements	85,259
Costs capitalized subsequent to acquisition	135,639
Gross amount at which carried at close of period
Land	40,333
Buildings and improvements	220,898
Total	261,231
Accumulated depreciation and amortization	102,565
New York | Manhattan | 909 Third Avenue
Real Estate And Accumulated Depreciation
Encumbrances	350,000
Initial cost to company
Land	0
Buildings and improvements	120,723
Costs capitalized subsequent to acquisition	122,641
Gross amount at which carried at close of period
Land	0
Buildings and improvements	243,364
Total	243,364
Accumulated depreciation and amortization	132,201
New York | Manhattan | 150 East 58th Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	39,303
Buildings and improvements	80,216
Costs capitalized subsequent to acquisition	62,924
Gross amount at which carried at close of period
Land	39,303
Buildings and improvements	143,140
Total	182,443
Accumulated depreciation and amortization	75,535
New York | Manhattan | 595 Madison Avenue
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	62,731
Buildings and improvements	62,888
Costs capitalized subsequent to acquisition	79,646
Gross amount at which carried at close of period
Land	62,731
Buildings and improvements	142,534
Total	205,265
Accumulated depreciation and amortization	58,669
New York | Manhattan | 330 West 34th Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	0
Buildings and improvements	8,599
Costs capitalized subsequent to acquisition	164,628
Gross amount at which carried at close of period
Land	0
Buildings and improvements	173,227
Total	173,227
Accumulated depreciation and amortization	59,405
New York | Manhattan | 715 Lexington Avenue
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	0
Buildings and improvements	26,903
Costs capitalized subsequent to acquisition	20,218
Gross amount at which carried at close of period
Land	30,086
Buildings and improvements	17,035
Total	47,121
Accumulated depreciation and amortization	1,925
New York | Manhattan | 4 Union Square South
Real Estate And Accumulated Depreciation
Encumbrances	120,000
Initial cost to company
Land	24,079
Buildings and improvements	55,220
Costs capitalized subsequent to acquisition	12,513
Gross amount at which carried at close of period
Land	24,079
Buildings and improvements	67,733
Total	91,812
Accumulated depreciation and amortization	28,102
New York | Manhattan | The Farley Building
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	0
Buildings and improvements	476,235
Costs capitalized subsequent to acquisition	949,500
Gross amount at which carried at close of period
Land	0
Buildings and improvements	1,425,735
Total	1,425,735
Accumulated depreciation and amortization	54,042
New York | Manhattan | 260 Eleventh Avenue
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	0
Buildings and improvements	80,482
Costs capitalized subsequent to acquisition	6,937
Gross amount at which carried at close of period
Land	0
Buildings and improvements	87,419
Total	87,419
Accumulated depreciation and amortization	16,227
New York | Manhattan | 510 Fifth Avenue
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	34,602
Buildings and improvements	18,728
Costs capitalized subsequent to acquisition	8,441
Gross amount at which carried at close of period
Land	35,864
Buildings and improvements	25,907
Total	61,771
Accumulated depreciation and amortization	0
New York | Manhattan | 606 Broadway
Real Estate And Accumulated Depreciation
Encumbrances	74,119
Initial cost to company
Land	45,406
Buildings and improvements	8,993
Costs capitalized subsequent to acquisition	51,715
Gross amount at which carried at close of period
Land	45,298
Buildings and improvements	60,816
Total	106,114
Accumulated depreciation and amortization	6,048
New York | Manhattan | 443 Broadway
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	11,187
Buildings and improvements	41,186
Costs capitalized subsequent to acquisition	(41,283)
Gross amount at which carried at close of period
Land	2,370
Buildings and improvements	8,720
Total	11,090
Accumulated depreciation and amortization	0
New York | Manhattan | 435 Seventh Avenue
Real Estate And Accumulated Depreciation
Encumbrances	95,696
Initial cost to company
Land	19,893
Buildings and improvements	19,091
Costs capitalized subsequent to acquisition	2,166
Gross amount at which carried at close of period
Land	19,893
Buildings and improvements	21,257
Total	41,150
Accumulated depreciation and amortization	11,803
New York | Manhattan | 692 Broadway
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	6,053
Buildings and improvements	22,908
Costs capitalized subsequent to acquisition	(9,677)
Gross amount at which carried at close of period
Land	3,552
Buildings and improvements	15,732
Total	19,284
Accumulated depreciation and amortization	0
New York | Manhattan | 131-135 West 33rd Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	8,315
Buildings and improvements	21,312
Costs capitalized subsequent to acquisition	477
Gross amount at which carried at close of period
Land	8,315
Buildings and improvements	21,789
Total	30,104
Accumulated depreciation and amortization	3,841
New York | Manhattan | 304 Canal Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	3,511
Buildings and improvements	12,905
Costs capitalized subsequent to acquisition	(8,272)
Gross amount at which carried at close of period
Land	1,771
Buildings and improvements	6,373
Total	8,144
Accumulated depreciation and amortization	337
New York | Manhattan | 1131 Third Avenue
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	7,844
Buildings and improvements	7,844
Costs capitalized subsequent to acquisition	5,683
Gross amount at which carried at close of period
Land	7,844
Buildings and improvements	13,527
Total	21,371
Accumulated depreciation and amortization	3,489
New York | Manhattan | 431 Seventh Avenue
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	16,700
Buildings and improvements	2,751
Costs capitalized subsequent to acquisition	0
Gross amount at which carried at close of period
Land	16,700
Buildings and improvements	2,751
Total	19,451
Accumulated depreciation and amortization	1,083
New York | Manhattan | 138-142 West 32nd Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	9,252
Buildings and improvements	9,936
Costs capitalized subsequent to acquisition	2,032
Gross amount at which carried at close of period
Land	9,252
Buildings and improvements	11,968
Total	21,220
Accumulated depreciation and amortization	2,181
New York | Manhattan | 334 Canal Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	1,693
Buildings and improvements	6,507
Costs capitalized subsequent to acquisition	(1,169)
Gross amount at which carried at close of period
Land	753
Buildings and improvements	6,278
Total	7,031
Accumulated depreciation and amortization	409
New York | Manhattan | 966 Third Avenue
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	8,869
Buildings and improvements	3,631
Costs capitalized subsequent to acquisition	0
Gross amount at which carried at close of period
Land	8,869
Buildings and improvements	3,631
Total	12,500
Accumulated depreciation and amortization	847
New York | Manhattan | 148 Spring Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	3,200
Buildings and improvements	8,112
Costs capitalized subsequent to acquisition	408
Gross amount at which carried at close of period
Land	3,200
Buildings and improvements	8,520
Total	11,720
Accumulated depreciation and amortization	3,163
New York | Manhattan | 150 Spring Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	3,200
Buildings and improvements	5,822
Costs capitalized subsequent to acquisition	327
Gross amount at which carried at close of period
Land	3,200
Buildings and improvements	6,149
Total	9,349
Accumulated depreciation and amortization	2,273
New York | Manhattan | 137 West 33rd Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	6,398
Buildings and improvements	1,550
Costs capitalized subsequent to acquisition	0
Gross amount at which carried at close of period
Land	6,398
Buildings and improvements	1,550
Total	7,948
Accumulated depreciation and amortization	300
New York | Manhattan | 825 Seventh Avenue
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	1,483
Buildings and improvements	697
Costs capitalized subsequent to acquisition	3,982
Gross amount at which carried at close of period
Land	1,483
Buildings and improvements	4,679
Total	6,162
Accumulated depreciation and amortization	1,064
New York | Manhattan | 537 West 26th Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	10,370
Buildings and improvements	17,632
Costs capitalized subsequent to acquisition	20,000
Gross amount at which carried at close of period
Land	26,631
Buildings and improvements	21,371
Total	48,002
Accumulated depreciation and amortization	3,232
New York | Manhattan | 339 Greenwich Street
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	2,622
Buildings and improvements	12,333
Costs capitalized subsequent to acquisition	(10,018)
Gross amount at which carried at close of period
Land	866
Buildings and improvements	4,071
Total	4,937
Accumulated depreciation and amortization	245
New York | Manhattan | Other (Including Signage)
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	140,477
Buildings and improvements	31,892
Costs capitalized subsequent to acquisition	22,106
Gross amount at which carried at close of period
Land	94,787
Buildings and improvements	99,688
Total	194,475
Accumulated depreciation and amortization	28,002
Other
Real Estate And Accumulated Depreciation
Encumbrances	1,200,000
Initial cost to company
Land	384,683
Buildings and improvements	1,263,635
Costs capitalized subsequent to acquisition	782,930
Gross amount at which carried at close of period
Land	381,509
Buildings and improvements	2,049,739
Total	2,431,248
Accumulated depreciation and amortization	868,255
Other | Other
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	0
Buildings and improvements	0
Costs capitalized subsequent to acquisition	7,962
Gross amount at which carried at close of period
Land	0
Buildings and improvements	7,962
Total	7,962
Accumulated depreciation and amortization	2,103
Other | Manhattan | Hotel Pennsylvania site
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	29,903
Buildings and improvements	121,712
Costs capitalized subsequent to acquisition	109,425
Gross amount at which carried at close of period
Land	29,903
Buildings and improvements	231,137
Total	261,040
Accumulated depreciation and amortization	0
Other | Illinois | The Mart, Chicago
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	64,528
Buildings and improvements	319,146
Costs capitalized subsequent to acquisition	441,840
Gross amount at which carried at close of period
Land	64,535
Buildings and improvements	760,979
Total	825,514
Accumulated depreciation and amortization	383,172
Other | Illinois | 527 West Kinzie, Chicago
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	5,166
Buildings and improvements	0
Costs capitalized subsequent to acquisition	257
Gross amount at which carried at close of period
Land	5,166
Buildings and improvements	257
Total	5,423
Accumulated depreciation and amortization	0
Other | Illinois | Total theMART
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	69,694
Buildings and improvements	319,146
Costs capitalized subsequent to acquisition	465,935
Gross amount at which carried at close of period
Land	69,701
Buildings and improvements	785,074
Total	854,775
Accumulated depreciation and amortization	387,511
Other | California | 555 California Street, California
Real Estate And Accumulated Depreciation
Encumbrances	1,200,000
Initial cost to company
Land	223,446
Buildings and improvements	895,379
Costs capitalized subsequent to acquisition	269,215
Gross amount at which carried at close of period
Land	223,446
Buildings and improvements	1,164,594
Total	1,388,040
Accumulated depreciation and amortization	432,128
Other | New Jersey | Paramus
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	0
Buildings and improvements	0
Costs capitalized subsequent to acquisition	21,224
Gross amount at which carried at close of period
Land	1,033
Buildings and improvements	20,191
Total	21,224
Accumulated depreciation and amortization	16,823
Other | New Jersey | Borgata Land, Atlantic City, NJ
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	83,089
Buildings and improvements	0
Costs capitalized subsequent to acquisition	0
Gross amount at which carried at close of period
Land	83,089
Buildings and improvements	0
Total	83,089
Accumulated depreciation and amortization	0
Other | New Jersey | Wayne Towne Center, New Jersey
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	0
Buildings and improvements	26,137
Costs capitalized subsequent to acquisition	48,011
Gross amount at which carried at close of period
Land	0
Buildings and improvements	74,148
Total	74,148
Accumulated depreciation and amortization	38,228
Other | New York | Piers 92 and 94
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	0
Buildings and improvements	0
Costs capitalized subsequent to acquisition	23,838
Gross amount at which carried at close of period
Land	0
Buildings and improvements	23,838
Total	23,838
Accumulated depreciation and amortization	4,339
Other | New York | 759-771 Madison Avenue (40 East 66th Street) Residential, New York
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	8,454
Buildings and improvements	13,321
Costs capitalized subsequent to acquisition	(8,193)
Gross amount at which carried at close of period
Land	5,273
Buildings and improvements	8,309
Total	13,582
Accumulated depreciation and amortization	3,321
Other | Maryland | Annapolis, Maryland
Real Estate And Accumulated Depreciation
Encumbrances	0
Initial cost to company
Land	0
Buildings and improvements	9,652
Costs capitalized subsequent to acquisition	0
Gross amount at which carried at close of period
Land	0
Buildings and improvements	9,652
Total	9,652
Accumulated depreciation and amortization	$ 4,964

SEC Schedule III Rollforward _2

SEC Schedule III Rollforward of Real Estate Assets and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Real estate, balance at beginning of period	$ 13,217,845	$ 12,087,943	$ 13,074,012
Additions during the period	13,929,567	13,571,474	14,202,977
Less: Assets sold, written-off, reclassified to ready for sale and deconsolidated	614,812	353,629	2,115,034
Real estate, balance at end of period	13,314,755	13,217,845	12,087,943
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Accumulated depreciation, balance at beginning of period	3,376,347	3,169,446	3,015,958
Depreciation expense	449,864	362,311	344,301
Real estate accumulated depreciation	3,826,211	3,531,757	3,360,259
Less: Accumulated depreciation on assets sold, written-off and deconsolidated	355,220	155,410	190,813
Accumulated depreciation, balance at end of period	3,470,991	3,376,347	3,169,446
Land
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Additions during the period	0	197,057	1,372
Buildings & improvements and other
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Additions during the period	$ 711,722	$ 1,286,474	$ 1,127,593

Uncategorized Items - vno-20221

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]