Fiscal period | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
Period End Date | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 |
Property rentals | 1,568.81 | 1,607.49 | 1,607.69 | 1,424.53 | 1,377.64 | 1,767.22 | 1,760.21 | 1,714.95 | 2,103.73 | 2,076.59 |
Temperature Controlled Logistics | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Fee and other income | 218.88 | 203.68 | 192.31 | 164.68 | 150.32 | 157.48 | 156.39 | 135.75 | 141.81 | 164.71 |
Tenant expense reimbursements | -- | -- | -- | -- | -- | -- | 247.13 | 233.42 | 260.67 | 260.98 |
Cleveland Medical Mart development project | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Total Revenues | 1,787.69 | 1,811.16 | 1,800.00 | 1,589.21 | 1,527.95 | 1,924.70 | 2,163.72 | 2,084.13 | 2,506.20 | 2,502.27 |
Operating expenses | 927.80 | 905.16 | 873.91 | 797.32 | 789.07 | 917.98 | 963.48 | 886.60 | 1,024.34 | 1,011.25 |
Cleveland Medical Mart development project | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Transaction related costs and other | 5.24 | -- | -- | -- | -- | 106.54 | 31.32 | -- | -- | -- |
Depreciation and amortization | 447.50 | 434.27 | 504.50 | 412.35 | 399.70 | 419.11 | 446.57 | 429.39 | 565.06 | 542.95 |
Amortization of officer"s deferred compensation expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
General and administrative | 148.52 | 162.88 | 133.73 | 134.55 | 181.51 | 169.92 | 141.87 | 159.00 | 179.28 | 175.31 |
Costs of acquisitions and development not consummated | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income (Loss) from Real Estate Fund | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Impairment losses and acquisition costs | -- | (50.69) | (31.72) | (13.82) | (174.03) | -- | -- | (1.78) | (26.04) | (12.51) |
Skyline properties impairment loss | -- | -- | -- | -- | -- | -- | -- | -- | (160.70) | -- |
Benefit (Expense) from deferred compensation plan liability | (12.64) | (12.16) | 9.62 | (9.85) | (6.44) | (11.61) | 2.48 | -- | -- | -- |
Total expenses | (1,541.70) | (1,565.17) | (1,534.25) | (1,367.87) | (1,550.74) | (1,625.16) | 1,580.76 | -- | -- | -- |
Operating Income (Loss) | -- | -- | -- | -- | -- | -- | 582.96 | 607.37 | 550.79 | 760.25 |
Interest and debt expense | 390.27 | 349.22 | 279.77 | 231.10 | 229.25 | 286.62 | 347.95 | 345.65 | 402.67 | 378.03 |
Net gains on disposition of wholly-owned and partially-owned assets other than depreciable real estate | 16.05 | 71.20 | 100.63 | 50.77 | 381.32 | 845.50 | 246.03 | 0.50 | 175.74 | 251.82 |
Income from Real Estate Fund | -- | 1.59 | 3.54 | 11.07 | (226.33) | (104.08) | (89.23) | 3.24 | (23.60) | 74.08 |
Net gain on transfer to Fifth Avenue and Times Square JV | -- | -- | -- | 0.00 | -- | 2,571.10 | -- | -- | -- | -- |
Income applicable to Alexander’s | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income (Loss) applicable to Toys "R" Us | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income from partially-owned entities | 112.46 | 38.69 | (461.35) | 130.52 | (329.11) | 78.87 | 9.15 | 15.20 | 165.39 | (12.63) |
Loss applicable to Toys "R" Us | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Interest and other investment income | 45.97 | 41.70 | 19.87 | 4.61 | (5.50) | 21.82 | 17.06 | 37.79 | 29.55 | 26.98 |
Net (loss) gain on early extinguishment of debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Purchase price fair value adjustment | -- | -- | -- | -- | -- | -- | 44.06 | -- | -- | -- |
Income from Real Estate Fund | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net gain on extinguishment of Skyline properties debt | -- | -- | -- | -- | -- | -- | -- | -- | 487.88 | -- |
(Loss) income from deferred compensation plan assets | 12.64 | 12.16 | (9.62) | 9.85 | 6.44 | 11.61 | (2.48) | -- | -- | -- |
Income before income taxes | 42.85 | 62.11 | (360.95) | 197.06 | (425.22) | 3,437.73 | 459.60 | 318.45 | 983.06 | 722.47 |
Provision for Income Taxes - Total | 22.73 | 29.22 | 21.66 | (10.50) | 36.63 | 103.44 | 37.63 | 41.09 | 8.31 | (84.70) |
Minority interest of partially-owned entities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Minority interest: Perpetual preferred unit distributions | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Minority interest: Minority limited partnership earnings | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income from continuing operations | -- | -- | -- | 207.55 | (461.85) | 3,334.29 | 421.97 | 277.36 | 974.75 | 807.17 |
Discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income from discontinued operations | -- | -- | -- | 0.00 | -- | (0.03) | 0.64 | (13.23) | 7.17 | 52.26 |
Gains on sale of real estate (discontinued operations in 2003) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income before cumulative effect of change in accounting principle and extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of change in accounting principle | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Consolidated net income (loss) | 20.12 | 32.89 | (382.61) | 207.55 | (461.85) | 3,334.26 | 422.60 | 264.13 | 981.92 | 859.43 |
Minority limited partners’ interest in the Operating Partnership | -- | -- | (30.38) | 7.54 | (24.95) | 210.87 | 25.67 | 10.91 | 53.65 | -- |
Net income attributable to noncontrolling interests, including unit distributions | (51.13) | (75.97) | (5.74) | 24.01 | (139.89) | (24.55) | (53.02) | 25.80 | 21.35 | 55.77 |
Net (income) attributable to noncontrolling interests in the Operating Partnership, including unit distributions | 0.86 | 3.36 | -- | -- | -- | -- | -- | -- | -- | 43.23 |
Net income attributable to Vornado | 70.39 | 105.49 | (346.50) | 176.00 | (297.01) | 3,147.94 | 449.95 | 227.42 | -- | -- |
Preferred Share dividends | 62.11 | 62.12 | 62.12 | 65.88 | 51.74 | 50.13 | 50.64 | 65.40 | 75.90 | 80.58 |
Perpetual preferred unit distributions of the Operating Partnership | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Discount on preferred share redemptions | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Earnings allocated to unvested participating securities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Convertible preferred share dividends | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Preferred share issuance costs (Series J redemption) | -- | -- | -- | -- | -- | -- | 14.49 | -- | 7.41 | -- |
Series K preferred share issuance costs | -- | 0.00 | 0.00 | 9.03 | -- | -- | -- | -- | -- | -- |
Net income applicable to common shares | 8.28 | 43.38 | (408.62) | 101.09 | (348.74) | 3,097.81 | 384.83 | 162.02 | 823.61 | 679.86 |
Income from continuing operations | -- | -- | -- | -- | -- | 16.23 | 2.02 | 0.92 | 4.32 | 3.35 |
Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | (0.07) | 0.04 | 0.26 |
EPS (Basic) : Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Gains on sale of real estate (discontinued operations in 2003) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of change in accounting principle | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Basic) | 0.04 | 0.23 | (2.13) | 0.53 | (1.83) | 16.23 | 2.02 | 0.85 | 4.36 | 3.61 |
Income from continuing operations | -- | -- | -- | -- | -- | 16.21 | 2.01 | 0.91 | 4.30 | 3.33 |
Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | (0.06) | 0.04 | 0.26 |
EPS (Diluted) : Income from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Gains on sale of real estate (discontinued operations in 2003) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of change in accounting principle | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Diluted) | 0.04 | 0.23 | (2.13) | 0.53 | (1.83) | 16.21 | 2.01 | 0.85 | 4.34 | 3.59 |
Weighted Average Shares Outstanding (Basic) | 190.54 | 191.01 | 191.78 | 191.55 | 191.15 | 190.80 | 190.22 | 189.53 | 188.84 | 188.35 |
Weighted Average Shares Outstanding (Diluted) | 196.63 | 191.86 | 191.78 | 192.12 | 191.15 | 191.05 | 191.29 | 191.26 | 190.17 | 189.56 |
Funds from operations (FFO) | 470.02 | 503.79 | 638.93 | 571.07 | 750.52 | 1,003.40 | 729.74 | 716.68 | 1,455.91 | 1,038.94 |