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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES:        
Total revenues $ 462,242 $ 441,437 $ 921,347 $ 903,016
EXPENSES:        
Operating (223,649) (219,348) (470,280) (444,088)
Depreciation and amortization (171,228) (115,574) (289,756) (231,729)
General and administrative (39,100) (39,978) (81,345) (78,575)
Expense from deferred compensation plan liability (2,483) (3,123) (3,064) (2,034)
Transaction related costs and other (173) (721) (935) (764)
Total expenses (436,633) (378,744) (845,380) (757,190)
Income from partially owned entities 63,195 16,671 76,017 113,648
Interest and other investment income, net 8,989 11,056 18,316 19,317
Income from deferred compensation plan assets 2,483 3,123 3,064 2,034
Interest and debt expense (89,582) (87,929) (178,788) (183,745)
Gain on debt extinguishment 32,073 0 32,073 0
Gain on sales-type lease     0 803,248
Net gains on disposition of wholly owned and partially owned assets 0 8,488 0 24,039
Income before income taxes 42,767 817,350 26,649 924,367
Income tax expense (3,571) (4,123) (9,479) (11,316)
Net income 39,196 813,227 17,170 913,051
Less net (income) loss attributable to noncontrolling interests in:        
Consolidated subsidiaries (5,748) 10,981 6,942 21,414
Operating Partnership (1,489) (64,863) 530 (72,752)
Net income attributable to Vornado/Vornado Realty L.P. 31,959 759,345 24,642 861,713
Preferred share dividends/unit distributions (15,525) (15,526) (31,050) (31,052)
Net income (loss) attributable to common shareholders/Class A unitholders $ 16,434 $ 743,819 $ (6,408) $ 830,661
INCOME (LOSS) PER COMMON SHARE - BASIC:        
Net (loss) income per common share (in dollars per share) $ 0.09 $ 3.87 $ (0.03) $ 4.33
Weighted average shares outstanding (in shares) 187,279 191,984 188,462 191,680
INCOME (LOSS) PER COMMON SHARE - DILUTED:        
Net (loss) income per common share (in dollars per share) $ 0.08 $ 3.70 $ (0.03) $ 4.14
Weighted average shares outstanding (in shares) 194,201 201,066 188,462 200,927
Rental revenues        
REVENUES:        
Total revenues $ 405,073 $ 382,252 $ 804,257 $ 787,007
Fee and other income        
REVENUES:        
Total revenues $ 57,169 $ 59,185 $ 117,090 $ 116,009