2013 Q1 Form 10-Q Financial Statement
#000089968914000028 Filed on May 05, 2014
Income Statement
| Concept | 2013 Q1 |
|---|---|
| Revenue | $726.5M |
| YoY Change | 7.7% |
| Cost Of Revenue | $277.1M |
| YoY Change | -7.23% |
| Gross Profit | $441.6M |
| YoY Change | 19.48% |
| Gross Profit Margin | 60.79% |
| Selling, General & Admin | $51.40M |
| YoY Change | -7.05% |
| % of Gross Profit | 11.64% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $148.9M |
| YoY Change | 2.49% |
| % of Gross Profit | 33.72% |
| Operating Expenses | $190.7M |
| YoY Change | -63.72% |
| Operating Profit | $250.9M |
| YoY Change | 24.29% |
| Interest Expense | -$112.5M |
| YoY Change | -654.19% |
| % of Operating Profit | -44.84% |
| Other Income/Expense, Net | $1.659M |
| YoY Change | 18.5% |
| Pretax Income | $83.20M |
| YoY Change | -63.93% |
| Income Tax | $1.100M |
| % Of Pretax Income | 1.32% |
| Net Earnings | $262.9M |
| YoY Change | 4.52% |
| Net Earnings / Revenue | 36.19% |
| Basic Earnings Per Share | $1.24 |
| Diluted Earnings Per Share | $1.24 |
| COMMON SHARES | |
| Basic Shares Outstanding | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2013 Q1 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $586.0M |
| YoY Change | -57.19% |
| Cash & Equivalents | $586.0M |
| Short-Term Investments | |
| Other Short-Term Assets | |
| YoY Change | |
| Inventory | |
| Prepaid Expenses | |
| Receivables | $922.0M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $1.508B |
| YoY Change | -3.02% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $15.21B |
| YoY Change | 5.11% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $2.627B |
| YoY Change | -11.31% |
| Other Assets | $840.0M |
| YoY Change | 66.34% |
| Total Long-Term Assets | $19.62B |
| YoY Change | 4.83% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $1.508B |
| Total Long-Term Assets | $19.62B |
| Total Assets | $21.13B |
| YoY Change | 4.22% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $427.0M |
| YoY Change | -5.95% |
| Accrued Expenses | |
| YoY Change | |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $427.0M |
| YoY Change | -5.95% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $10.42B |
| YoY Change | 1.15% |
| Other Long-Term Liabilities | $1.247B |
| YoY Change | 68.51% |
| Total Long-Term Liabilities | $11.67B |
| YoY Change | 5.66% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $427.0M |
| Total Long-Term Liabilities | $11.67B |
| Total Liabilities | $14.03B |
| YoY Change | 21.91% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $7.095B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $21.13B |
| YoY Change | 4.22% |
Cashflow Statement
| Concept | 2013 Q1 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $262.9M |
| YoY Change | 4.52% |
| Depreciation, Depletion And Amortization | $148.9M |
| YoY Change | 2.49% |
| Cash From Operating Activities | $414.9M |
| YoY Change | 35.11% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$92.80M |
| YoY Change | 42.55% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $620.5M |
| YoY Change | 161.59% |
| Cash From Investing Activities | $527.7M |
| YoY Change | 206.62% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | $2.530B |
| YoY Change | 185.96% |
| Cash From Financing Activities | -$1.317B |
| YoY Change | 179.41% |
| NET CHANGE | |
| Cash From Operating Activities | $414.9M |
| Cash From Investing Activities | $527.7M |
| Cash From Financing Activities | -$1.317B |
| Net Change In Cash | -$374.5M |
| YoY Change | -4897.54% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $414.9M |
| Capital Expenditures | -$92.80M |
| Free Cash Flow | $507.7M |
| YoY Change | 36.41% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
191917000 | USD |
| CY2013Q4 | vno |
Real Estate Fund Nondepreciable Real Estate
RealEstateFundNondepreciableRealEstate
|
667710000 | USD |
| CY2014Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2014Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
514605000 | USD |
| CY2013Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
529048000 | USD |
| CY2014Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
42749000 | USD |
| CY2013Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
170972000 | USD |
| CY2013Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
5845000 | USD |
| CY2014Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
5824000 | USD |
| CY2014Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
3230000 | USD |
| CY2014Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
446000 | USD |
| CY2014Q1 | vno |
Our Share Of Partially Owned Entities Oci Adjustments
OurShareOfPartiallyOwnedEntitiesOciAdjustments
|
-8286000 | USD |
| CY2013Q1 | vno |
Our Share Of Partially Owned Entities Oci Adjustments
OurShareOfPartiallyOwnedEntitiesOciAdjustments
|
-3647000 | USD |
| CY2012Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7904144000 | USD |
| CY2013Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
136342000 | USD |
| CY2013Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
21702000 | USD |
| CY2013Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
13404000 | USD |
| CY2013Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
1176000 | USD |
| CY2013Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
433000 | USD |
| CY2013Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2208000 | USD |
| CY2013Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
869000 | USD |
| CY2013Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8020610000 | USD |
| CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
8299000 | USD |
| CY2013Q1 | us-gaap |
Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
253269000 | USD |
| CY2013Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
290710000 | USD |
| CY2013Q1 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
-44998000 | USD |
| CY2014Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
20368000 | USD |
| CY2014Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
5156000 | USD |
| CY2014Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1779000 | USD |
| CY2014Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
254000 | USD |
| CY2014Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
361000 | USD |
| CY2014Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
136761000 | USD |
| CY2014Q1 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
-136937000 | USD |
| CY2014Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
153869000 | USD |
| CY2013Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
148918000 | USD |
| CY2014Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | USD |
| CY2013Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-22540000 | USD |
| CY2014Q1 | vno |
Real Estate Fund Investments
RealEstateFundInvestments
|
123000 | USD |
| CY2013Q1 | vno |
Real Estate Fund Investments
RealEstateFundInvestments
|
13668000 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
7624000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-51514000 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-53841000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-67814000 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
18297000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
15326000 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
3225000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-3416000 | USD |
| CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
309131000 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
414927000 | USD |
| CY2013Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
202329000 | USD |
| CY2013Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
10627000 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
0 | USD |
| CY2014Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
16633000 | USD |
| CY2013Q1 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
35334000 | USD |
| CY2013Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
57460000 | USD |
| CY2013Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
39892000 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
160300000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-14149000 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
499369000 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
631000 | USD |
| CY2013Q1 | vno |
Distributions Of Capital From Partially Owned Entities
DistributionsOfCapitalFromPartiallyOwnedEntities
|
5544000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-21908000 | USD |
| CY2014Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
82761000 | USD |
| CY2014Q1 | vno |
Recognition Of Deferred Revenue Adjusted For Discontinued Operations
RecognitionOfDeferredRevenueAdjustedForDiscontinuedOperations
|
12144000 | USD |
| CY2014Q1 | vno |
Unrealized Gain On Real Estate Fund Assets
UnrealizedGainOnRealEstateFundAssets
|
14169000 | USD |
| CY2013Q1 | vno |
Payments To Fund Derivative Collateral
PaymentsToFundDerivativeCollateral
|
58522000 | USD |
| CY2013Q1 | vno |
Return Of Derivative Collateral
ReturnOfDerivativeCollateral
|
38900000 | USD |
| CY2014Q1 | vno |
Payments To Fund Derivative Collateral
PaymentsToFundDerivativeCollateral
|
0 | USD |
| CY2014Q1 | vno |
Return Of Derivative Collateral
ReturnOfDerivativeCollateral
|
0 | USD |
| CY2014Q1 | vno |
Return Of Capital From Real Estate Fund Investments
ReturnOfCapitalFromRealEstateFundInvestments
|
0 | USD |
| CY2013Q1 | vno |
Return Of Capital From Real Estate Fund Investments
ReturnOfCapitalFromRealEstateFundInvestments
|
56664000 | USD |
| CY2013Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1514000 | USD |
| CY2014Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
20842000 | USD |
| CY2014Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
13236000 | USD |
| CY2013Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
18868000 | USD |
| CY2013Q1 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
|
39487000 | USD |
| CY2014Q1 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
|
0 | USD |
| CY2013Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-18569000 | USD |
| CY2014Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-11885000 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
600000000 | USD |
| CY2014Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
233198000 | USD |
| CY2014Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
136761000 | USD |
| CY2014Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
181545000 | USD |
| CY2014Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
573437000 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1499375000 | USD |
| CY2013Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
2529836000 | USD |
| CY2013Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
136342000 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1317108000 | USD |
| CY2014Q1 | us-gaap |
Interest Paid
InterestPaid
|
100209000 | USD |
| CY2014Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1214000 | USD |
| CY2013Q1 | us-gaap |
Interest Paid
InterestPaid
|
116141000 | USD |
| CY2013Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1825000 | USD |
| CY2013Q1 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
8260000 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
0 | USD |
| CY2014Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
20368000 | USD |
| CY2014Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
10474000 | USD |
| CY2014Q1 | vno |
Repurchase Of Shares Related To Stock Compensation Arrangements And Related Tax Withholdings
RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings
|
578000 | USD |
| CY2014Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
20752000 | USD |
| CY2014Q1 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
13622000 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3676000 | USD |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
960319000 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
290710000 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
0 | USD |
| CY2014Q1 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
0 | USD |
| CY2013Q1 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
262500000 | USD |
| CY2014Q1 | vno |
Mortgage And Mezzanine Loan Eliminated
MortgageAndMezzanineLoanEliminated
|
59375000 | USD |
| CY2013Q1 | vno |
Mortgage And Mezzanine Loan Eliminated
MortgageAndMezzanineLoanEliminated
|
0 | USD |
| CY2014Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">1</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Organization</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">Vornado Realty Trust (“Vornado”) is a fully</font><font style="font-family:Times New Roman;font-size:10pt;">-integrated real estate investment trust (“REIT”) and conducts its business through</font><font style="font-family:Times New Roman;font-size:10pt;">, and substantially all of its interests in properties are held by,</font><font style="font-family:Times New Roman;font-size:10pt;"> Vornado Realty L.P., a Delaware limited partnership (the “Operating Partnership”).</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Vornado is the sole general partner of, and owned </font><font style="font-family:Times New Roman;font-size:10pt;">approximately </font><font style="font-family:Times New Roman;font-size:10pt;">93.9</font><font style="font-family:Times New Roman;font-size:10pt;">% </font><font style="font-family:Times New Roman;font-size:10pt;">of the common limited partnership interest in the Operating Partnership at March 31, 2014. </font><font style="font-family:Times New Roman;font-size:10pt;">All references to “we,” “us,” “our,” the “Company” and “Vornado” refer to Vornado Realty Trust and its consolidated subsidiaries, including the Operating Partnership.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">On April 11, 2014, we </font><font style="font-family:Times New Roman;font-size:10pt;">announced a plan to spin</font><font style="font-family:Times New Roman;font-size:10pt;"> off</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">our shopping center business consisting </font><font style="font-family:Times New Roman;font-size:10pt;">of </font><font style="font-family:Times New Roman;font-size:10pt;">81 </font><font style="font-family:Times New Roman;font-size:10pt;">strip shopping centers</font><font style="font-family:Times New Roman;font-size:10pt;"> and four malls </font><font style="font-family:Times New Roman;font-size:10pt;">into a new publicly traded REIT (“</font><font style="font-family:Times New Roman;font-size:10pt;">SpinCo</font><font style="font-family:Times New Roman;font-size:10pt;">”).</font><font style="font-family:Times New Roman;font-size:10pt;"> The spin-off is expected to be effectuated through a</font><font style="font-family:Times New Roman;font-size:10pt;"> 1:2 distribution of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">SpinCo</font><font style="font-family:Times New Roman;font-size:10pt;">'s</font><font style="font-family:Times New Roman;font-size:10pt;"> share</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">to</font><font style="font-family:Times New Roman;font-size:10pt;"> Vornado common share</font><font style="font-family:Times New Roman;font-size:10pt;">holders</font><font style="font-family:Times New Roman;font-size:10pt;"> and Vornado Realty L.P. common unit</font><font style="font-family:Times New Roman;font-size:10pt;">holder</font><font style="font-family:Times New Roman;font-size:10pt;">s, and is intended to be treated as tax-free for U.S. federal income tax purposes. We intend to file the initial registration statement on Form 10 with the S</font><font style="font-family:Times New Roman;font-size:10pt;">ecurities and Exchange Commission (“S</font><font style="font-family:Times New Roman;font-size:10pt;">EC</font><font style="font-family:Times New Roman;font-size:10pt;">”)</font><font style="font-family:Times New Roman;font-size:10pt;"> by the end of the second quarter of 2014 and expect the </font><font style="font-family:Times New Roman;font-size:10pt;">spin-off to be completed </font><font style="font-family:Times New Roman;font-size:10pt;">by the end of 2014.</font><font style="font-family:Times New Roman;font-size:10pt;"> The transaction is subject to certain conditions, including the SEC declaring that </font><font style="font-family:Times New Roman;font-size:10pt;">SpinCo's</font><font style="font-family:Times New Roman;font-size:10pt;"> registration statement is effective, filing and approval of </font><font style="font-family:Times New Roman;font-size:10pt;">SpinCo's</font><font style="font-family:Times New Roman;font-size:10pt;"> listing application, receipt of third party consents, and formal approval and declaration of the distribution by Vornado's Board of Trustees. Vornado may, at any time and for any reason until the proposed transaction is complete, abandon the separation or modify or change its terms. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">Vornado will retain</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> for disposition in the near term</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> 20 small retail assets</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">which do not fit </font><font style="font-family:Times New Roman;font-size:10pt;">SpinCo's</font><font style="font-family:Times New Roman;font-size:10pt;"> strategy</font><font style="font-family:Times New Roman;font-size:10pt;">, and the </font><font style="font-family:Times New Roman;font-size:10pt;">Beverly Connection and Springfield Town Center, both of which are under contract for disposition</font><font style="font-family:Times New Roman;font-size:10pt;"> (see Note 8 </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">– Dispositions</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p> | |
| CY2014Q1 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
|
0.939 | pure |
| CY2014Q1 | vno |
Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
|
132434000 | USD |
| CY2013 | vno |
Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
|
119309000 | USD |
| CY2014Q1 | vno |
Mezzanine Loans Receivable Maturity Date Range Start
MezzanineLoansReceivableMaturityDateRangeStart
|
November 2014 | |
| CY2014Q1 | vno |
Mezzanine Loans Receivable Maturity Date Range End
MezzanineLoansReceivableMaturityDateRangeEnd
|
May 2016 | |
| CY2014Q1 | vno |
Mezzanine Loan Receivable Weighted Average Interest Rate
MezzanineLoanReceivableWeightedAverageInterestRate
|
0.087 | pure |
| CY2013 | vno |
Mezzanine Loan Receivable Weighted Average Interest Rate
MezzanineLoanReceivableWeightedAverageInterestRate
|
0.11 | pure |
| CY2013Q4 | us-gaap |
Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
|
72608000 | USD |
| CY2013Q4 | us-gaap |
Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
|
191917000 | USD |
| CY2014Q1 | vno |
Real Estate Fund Textblock
RealEstateFundTextblock
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">4</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">. </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Vornado Capital Partners</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> Real Estate Fund </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">(the “Fund”)</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">We are the general partner and investment manager of </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> Fund</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The Fund is accounted for under the AICPA Investment Company Guide 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.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">A</font><font style="font-family:Times New Roman;font-size:10pt;">t</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2014</font><font style="font-family:Times New Roman;font-size:10pt;">, the Fund</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">ha</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">nine</font><font style="font-family:Times New Roman;font-size:10pt;"> investments </font><font style="font-family:Times New Roman;font-size:10pt;">with an aggregate fair value of </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">6</font><font style="font-family:Times New Roman;font-size:10pt;">82</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">002</font><font style="font-family:Times New Roman;font-size:10pt;">,000</font><font style="font-family:Times New Roman;font-size:10pt;">, or $</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">67</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">582</font><font style="font-family:Times New Roman;font-size:10pt;">,000</font><font style="font-family:Times New Roman;font-size:10pt;"> in excess of cost, and ha</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> remaining unfunded commitments of $</font><font style="font-family:Times New Roman;font-size:10pt;">149</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">186</font><font style="font-family:Times New Roman;font-size:10pt;">,000</font><font style="font-family:Times New Roman;font-size:10pt;">, of which our share </font><font style="font-family:Times New Roman;font-size:10pt;">was</font><font style="font-family:Times New Roman;font-size:10pt;"> $</font><font style="font-family:Times New Roman;font-size:10pt;">37</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">297</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">000</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">Below </font><font style="font-family:Times New Roman;font-size:10pt;">is a summary </font><font style="font-family:Times New Roman;font-size:10pt;">of </font><font style="font-family:Times New Roman;font-size:10pt;">income from </font><font style="font-family:Times New Roman;font-size:10pt;">the Fund for </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2014</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2013</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 13px"><td colspan="2" style="width: 461px; text-align:left;border-color:#000000;min-width:461px;"> <sup> </sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 245px; text-align:center;border-color:#000000;min-width:245px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">For the Three Months</font></td></tr><tr style="height: 13px"><td colspan="2" style="width: 461px; text-align:left;border-color:#000000;min-width:461px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;"> (Amounts in thousands)</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 245px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:245px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Ended March 31,</font></td></tr><tr style="height: 13px"><td colspan="2" style="width: 461px; text-align:left;border-color:#000000;min-width:461px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 115px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:115px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 115px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:115px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 461px; text-align:left;border-color:#000000;min-width:461px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Net investment income</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 100px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3,979</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 100px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3,048</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 461px; text-align:left;border-color:#000000;min-width:461px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Net unrealized gains</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 100px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 14,169</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 100px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 13,516</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 461px; text-align:left;border-color:#000000;min-width:461px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Income from Real Estate Fund</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 100px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 18,148</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 100px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 16,564</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 461px; text-align:left;border-color:#000000;min-width:461px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Less (income) attributable to noncontrolling interests</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 100px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (10,849)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 100px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (9,540)</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 461px; text-align:left;border-color:#000000;min-width:461px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Income from Real Estate Fund attributable to Vornado </font><sup>(1)</sup></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 100px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 7,299</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 100px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 7,024</font></td></tr><tr style="height: 3px"><td colspan="14" rowspan="2" style="width: 721px; text-align:left;border-color:#000000;min-width:721px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">___________________________________</font></td></tr><tr style="height: 3px"><td style="width: 436px; text-align:left;border-color:#000000;min-width:436px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 100px; text-align:left;border-color:#000000;min-width:100px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 100px; text-align:left;border-color:#000000;min-width:100px;"> </td></tr><tr style="height: 35px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;"> (1)</font></td><td colspan="13" style="width: 696px; text-align:left;border-color:#000000;min-width:696px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Excludes management, leasing and development fees of $704 and $849 for the three months ended March 31, 2014 and 2013, respectively, which are included as a component of "fee and other income" on our consolidated statements of income.</font></td></tr></table></div> | |
| CY2014Q1 | vno |
Income From Real Estate Fund Attributable To Parent Company
IncomeFromRealEstateFundAttributableToParentCompany
|
7299000 | USD |
| CY2013Q1 | vno |
Income From Real Estate Fund Attributable To Parent Company
IncomeFromRealEstateFundAttributableToParentCompany
|
7024000 | USD |
| CY2014Q1 | us-gaap |
Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
|
205042000 | USD |
| CY2014Q1 | us-gaap |
Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
|
72608000 | USD |
| CY2014Q1 | vno |
Equity Method Investment Pro Rata Share Debt Of Partially Owned Entities
EquityMethodInvestmentProRataShareDebtOfPartiallyOwnedEntities
|
3953375000 | USD |
| CY2013Q4 | vno |
Equity Method Investment Pro Rata Share Debt Of Partially Owned Entities
EquityMethodInvestmentProRataShareDebtOfPartiallyOwnedEntities
|
4189403000 | USD |
| CY2014Q1 | vno |
Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
|
5550000 | USD |
| CY2014Q1 | vno |
Operating Income From Discontinued Operations
OperatingIncomeFromDiscontinuedOperations
|
2733000 | USD |
| CY2014Q1 | us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
8283000 | USD |
| CY2013Q1 | vno |
Operating Income From Discontinued Operations
OperatingIncomeFromDiscontinuedOperations
|
5947000 | USD |
| CY2013Q1 | vno |
Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
|
20043000 | USD |
| CY2013Q1 | us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
25990000 | USD |
| CY2014Q1 | vno |
Disposal Group Including Discontinued Operation Litigation Loss Accruals Impairments
DisposalGroupIncludingDiscontinuedOperationLitigationLossAccrualsImpairments
|
842000 | USD |
| CY2013Q1 | vno |
Disposal Group Including Discontinued Operation Litigation Loss Accruals Impairments
DisposalGroupIncludingDiscontinuedOperationLitigationLossAccrualsImpairments
|
1514000 | USD |
| CY2014Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
589973000 | USD |
| CY2014Q1 | vno |
Finite Lived Intangible Liability Gross
FiniteLivedIntangibleLiabilityGross
|
850765000 | USD |
| CY2014Q1 | vno |
Finite Lived Intangible Liability Accumulated Amortization
FiniteLivedIntangibleLiabilityAccumulatedAmortization
|
367972000 | USD |
| CY2014Q1 | vno |
Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
|
482793000 | USD |
| CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
589961000 | USD |
| CY2013Q4 | vno |
Finite Lived Intangible Liability Gross
FiniteLivedIntangibleLiabilityGross
|
856933000 | USD |
| CY2013Q4 | vno |
Finite Lived Intangible Liability Accumulated Amortization
FiniteLivedIntangibleLiabilityAccumulatedAmortization
|
360398000 | USD |
| CY2013Q4 | vno |
Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
|
496535000 | USD |
| CY2013Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
0 | USD |
| CY2014Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
0 | USD |
| CY2013Q1 | vno |
Other Net Attributable To Redeemable Noncontrolling Interest
OtherNetAttributableToRedeemableNoncontrollingInterest
|
5264000 | USD |
| CY2013Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
995082000 | USD |
| CY2014Q1 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-3860000 | USD |
| CY2014Q1 | vno |
Other Net Attributable To Redeemable Noncontrolling Interest
OtherNetAttributableToRedeemableNoncontrollingInterest
|
9592000 | USD |
| CY2012Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
944152000 | USD |
| CY2013Q1 | vno |
Distributions Attributable To Redeemable Noncontrolling Interest
DistributionsAttributableToRedeemableNoncontrollingInterest
|
8946000 | USD |
| CY2013Q1 | vno |
Conversion Of Class Redeemable Units At Redemption Value
ConversionOfClassRedeemableUnitsAtRedemptionValue
|
13404000 | USD |
| CY2013Q1 | vno |
Adjustments To Reflect Redeemable Class Operating Partnership Units
AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits
|
-44998000 | USD |
| CY2014Q1 | vno |
Conversion Of Class Redeemable Units At Redemption Value
ConversionOfClassRedeemableUnitsAtRedemptionValue
|
5156000 | USD |
| CY2014Q1 | vno |
Distributions Attributable To Redeemable Noncontrolling Interest
DistributionsAttributableToRedeemableNoncontrollingInterest
|
8383000 | USD |
| CY2014Q1 | vno |
Adjustments To Reflect Redeemable Class Operating Partnership Units
AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits
|
-136937000 | USD |
| CY2012Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-18946000 | USD |
| CY2013Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
120953000 | USD |
| CY2014Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
6089000 | USD |
| CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
139899000 | USD |
| CY2014Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
6089000 | USD |
| CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
139899000 | USD |
| CY2013Q4 | us-gaap |
Variable Interest Entity Nonconsolidated Carrying Amount Assets
VariableInterestEntityNonconsolidatedCarryingAmountAssets
|
152929000 | USD |
| CY2014Q1 | us-gaap |
Variable Interest Entity Nonconsolidated Carrying Amount Assets
VariableInterestEntityNonconsolidatedCarryingAmountAssets
|
148120000 | USD |
| CY2014Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
11024000 | USD |
| CY2013Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7466000 | USD |
| CY2014Q1 | vno |
Tenant Cleaning Fees
TenantCleaningFees
|
18956000 | USD |
| CY2014Q1 | vno |
Management And Leasing Fees
ManagementAndLeasingFees
|
6214000 | USD |
| CY2014Q1 | vno |
Lease Termination Fees
LeaseTerminationFees
|
3793000 | USD |
| CY2014Q1 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
7647000 | USD |
| CY2013Q1 | vno |
Tenant Cleaning Fees
TenantCleaningFees
|
16664000 | USD |
| CY2013Q1 | vno |
Management And Leasing Fees
ManagementAndLeasingFees
|
5253000 | USD |
| CY2013Q1 | vno |
Lease Termination Fees
LeaseTerminationFees
|
59968000 | USD |
| CY2013Q1 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
8447000 | USD |
| CY2014Q1 | us-gaap |
Signage Revenue
SignageRevenue
|
9318000 | USD |
| CY2013Q1 | us-gaap |
Signage Revenue
SignageRevenue
|
6481000 | USD |
| CY2013Q1 | us-gaap |
Investment Income Dividend
InvestmentIncomeDividend
|
2770000 | USD |
| CY2013Q1 | vno |
Interest On Notes Receivable
InterestOnNotesReceivable
|
5077000 | USD |
| CY2013Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-22540000 | USD |
| CY2013Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1659000 | USD |
| CY2014Q1 | vno |
Interest On Notes Receivable
InterestOnNotesReceivable
|
2384000 | USD |
| CY2014Q1 | us-gaap |
Investment Income Dividend
InvestmentIncomeDividend
|
3106000 | USD |
| CY2014Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
0 | USD |
| CY2014Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2003000 | USD |
| CY2014Q1 | vno |
Gain Loss On Investment In Deferred Compensation Plan
GainLossOnInvestmentInDeferredCompensationPlan
|
4400000 | USD |
| CY2013Q1 | vno |
Gain Loss On Investment In Deferred Compensation Plan
GainLossOnInvestmentInDeferredCompensationPlan
|
3446000 | USD |
| CY2013Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
5378000 | USD |
| CY2013Q1 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
8260000 | USD |
| CY2013Q1 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
123228000 | USD |
| CY2014Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
4812000 | USD |
| CY2014Q1 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
13622000 | USD |
| CY2014Q1 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
118252000 | USD |
| CY2014Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
80936000 | USD |
| CY2014Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
1781000 | USD |
| CY2014Q1 | vno |
Numerator For Basic Income Per Share
NumeratorForBasicIncomePerShare
|
62319000 | USD |
| CY2014Q1 | us-gaap |
Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
|
0 | USD |
| CY2014Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
0 | shares |
| CY2013Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
67986000 | USD |
| CY2013Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
194936000 | USD |
| CY2013Q1 | vno |
Numerator For Basic Income Per Share
NumeratorForBasicIncomePerShare
|
231934000 | USD |
| CY2013Q1 | us-gaap |
Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
|
28000 | USD |
| CY2013Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
50000 | shares |
| CY2014Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11326000 | shares |
| CY2013Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11997000 | shares |
| CY2014Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
|
30000 | USD |
| CY2013Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
|
56000 | USD |
| CY2013Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
231962000 | USD |
| CY2014Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
62319000 | USD |
| CY2014Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
933000 | shares |
| CY2013Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
727000 | shares |
| CY2014Q1 | vno |
Guarantees And Master Leases
GuaranteesAndMasterLeases
|
420000000 | USD |
| CY2014Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
38477000 | USD |
| CY2014Q1 | vno |
Commitment To Fund Additional Capital To Partially Owned Entities
CommitmentToFundAdditionalCapitalToPartiallyOwnedEntities
|
125000000 | USD |
| CY2014Q1 | vno |
Interest And Debt Expense Including Partially Owned Entities
InterestAndDebtExpenseIncludingPartiallyOwnedEntities
|
170952000 | USD |
| CY2014Q1 | vno |
Depreciation And Amortization Including Partially Owned Entities
DepreciationAndAmortizationIncludingPartiallyOwnedEntities
|
196339000 | USD |
| CY2014Q1 | vno |
Income Tax Expense Including Partially Owned Entities
IncomeTaxExpenseIncludingPartiallyOwnedEntities
|
19831000 | USD |
| CY2014Q1 | vno |
Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
|
469839000 | USD |
| CY2014Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-15439000 | USD |
| CY2013Q1 | vno |
Depreciation And Amortization Including Partially Owned Entities
DepreciationAndAmortizationIncludingPartiallyOwnedEntities
|
194185000 | USD |
| CY2013Q1 | vno |
Income Tax Expense Including Partially Owned Entities
IncomeTaxExpenseIncludingPartiallyOwnedEntities
|
60759000 | USD |
| CY2013Q1 | vno |
Interest And Debt Expense Including Partially Owned Entities
InterestAndDebtExpenseIncludingPartiallyOwnedEntities
|
188780000 | USD |
| CY2013Q1 | vno |
Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
|
706646000 | USD |
| CY2013Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-26005000 | USD |
