2016 Q3 Form 10-Q Financial Statement

#000089968916000079 Filed on October 31, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $502.8M $627.6M
YoY Change -19.89% 8.45%
Cost Of Revenue $213.8M $256.6M
YoY Change -16.68% 6.87%
Gross Profit $289.0M $371.0M
YoY Change -22.1% 9.57%
Gross Profit Margin 57.48% 59.11%
Selling, General & Admin $33.60M $36.20M
YoY Change -7.18% -10.4%
% of Gross Profit 11.63% 9.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $146.5M $147.6M
YoY Change -0.75% 8.69%
% of Gross Profit 50.69% 39.78%
Operating Expenses $354.3M $436.2M
YoY Change -18.77% -3.14%
Operating Profit $148.5M $191.4M
YoY Change -22.45% 5.11%
Interest Expense -$71.80M -$91.30M
YoY Change -21.36% -25.47%
% of Operating Profit -48.36% -47.69%
Other Income/Expense, Net $2.147M $1.368M
YoY Change 56.94% -27.5%
Pretax Income $80.09M $203.6M
YoY Change -60.67% 127.06%
Income Tax $4.563M $2.856M
% Of Pretax Income 5.7% 1.4%
Net Earnings $92.58M $219.2M
YoY Change -57.77% 44.69%
Net Earnings / Revenue 18.41% 34.93%
Basic Earnings Per Share $0.35 $1.05
Diluted Earnings Per Share $0.35 $1.05
COMMON SHARES
Basic Shares Outstanding 188.9M shares 188.5M shares
Diluted Shares Outstanding 190.0M shares 189.6M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.551B $941.1M
YoY Change 64.8% -49.6%
Cash & Equivalents $1.353B $788.1M
Short-Term Investments $198.2M $152.9M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.121B $993.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.474B $1.781B
YoY Change 38.91% -33.45%
LONG-TERM ASSETS
Property, Plant & Equipment $14.84B $14.48B
YoY Change 2.47% -3.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.215B $2.169B
YoY Change 2.12% 11.34%
Other Assets $580.0M $716.0M
YoY Change -18.99% 11.01%
Total Long-Term Assets $18.39B $18.19B
YoY Change 1.07% -0.73%
TOTAL ASSETS
Total Short-Term Assets $2.474B $1.781B
Total Long-Term Assets $18.39B $18.19B
Total Assets $20.86B $19.97B
YoY Change 4.44% -4.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $461.0M $465.0M
YoY Change -0.86% -6.81%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $461.0M $465.0M
YoY Change -0.86% -6.81%
LONG-TERM LIABILITIES
Long-Term Debt $11.20B $10.01B
YoY Change 11.92% -10.28%
Other Long-Term Liabilities $881.0M $941.0M
YoY Change -6.38% -4.37%
Total Long-Term Liabilities $12.08B $10.95B
YoY Change 10.35% -9.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $461.0M $465.0M
Total Long-Term Liabilities $12.08B $10.95B
Total Liabilities $12.54B $11.41B
YoY Change 9.89% -9.67%
SHAREHOLDERS EQUITY
Retained Earnings -$1.951B -$1.879B
YoY Change 3.87% 0.03%
Common Stock $7.537M $7.519M
YoY Change 0.24% 0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.316B $6.682B
YoY Change
Total Liabilities & Shareholders Equity $20.86B $19.97B
YoY Change 4.44% -4.9%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $92.58M $219.2M
YoY Change -57.77% 44.69%
Depreciation, Depletion And Amortization $146.5M $147.6M
YoY Change -0.75% 8.69%
Cash From Operating Activities $253.6M $258.9M
YoY Change -2.05% -32.05%
INVESTING ACTIVITIES
Capital Expenditures -$241.1M -$216.5M
YoY Change 11.36% -29.5%
Acquisitions
YoY Change
Other Investing Activities -$3.900M $210.7M
YoY Change -101.85% 19.44%
Cash From Investing Activities -$245.1M -$5.800M
YoY Change 4125.86% -95.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -282.5M 18.70M
YoY Change -1610.7% -69.64%
NET CHANGE
Cash From Operating Activities 253.6M 258.9M
Cash From Investing Activities -245.1M -5.800M
Cash From Financing Activities -282.5M 18.70M
Net Change In Cash -274.0M 271.8M
YoY Change -200.81% -12.88%
FREE CASH FLOW
Cash From Operating Activities $253.6M $258.9M
Capital Expenditures -$241.1M -$216.5M
Free Cash Flow $494.7M $475.4M
YoY Change 4.06% -30.91%

Facts In Submission

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<div><p style='text-align:justify;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >1. Organization</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >Vornado Realty Trust (&#8220;Vornado&#8221;) is a fully</font><font style='font-family:Times New Roman;font-size:10pt;' >-integrated real estate investment trust (&#8220;REIT&#8221;) and conducts its business through, and all of its interests in properties are held by, Vornado </font><font style='font-family:Times New Roman;font-size:10pt;' >Realty L.P., a Delaware limited </font><font style='font-family:Times New Roman;font-size:10pt;' >partnership (the &#8220;Operating Partnership&#8221;). 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;' >93.7</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;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >the common limited partnership interest in, the Operating Partnership at </font><font style='font-family:Times New Roman;font-size:10pt;' >September 30, 2016</font><font style='font-family:Times New Roman;font-size:10pt;' >. All references to </font><font style='font-family:Times New Roman;font-size:10pt;' >&#8220;we,&#8221; &#8220;us,&#8221; </font><font style='font-family:Times New Roman;font-size:10pt;' >&#8220;our,&#8221; the &#8220;Company&#8221; and &#8220;Vornado&#8221; refer to Vornado Realty Trust and its consolidated subsidiaries, including the Operating </font><font style='font-family:Times New Roman;font-size:10pt;' >Partnership.</font></p></div>
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RealEstateFundTextblock
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >5. Real Estate Fund Investments</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >We are the general partner and investment manager of </font><font style='font-family:Times New Roman;font-size:10pt;' >Vornado Capital Partners Real Estate Fund (</font><font style='font-family:Times New Roman;font-size:10pt;' >the </font><font style='font-family:Times New Roman;font-size:10pt;' >&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >Fund</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;), which has an eight-year term and a three-year investment period that ended in July 2013.</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</font><font style='font-family:Times New Roman;font-size:10pt;' > Fund is accounted for under </font><font style='font-family:Times New Roman;font-size:10pt;' >ASC 946, </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Financial Services &#8211; Investment Companies</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >(&#8220;ASC 946&#8221;) </font><font style='font-family:Times New Roman;font-size:10pt;' >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 F</font><font style='font-family:Times New Roman;font-size:10pt;' >und into our consolidated financial statements, retaining the fair value basis of accounting.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >We are also the general partner and investment manager of Crowne Plaza Times Square Hotel Co-Investment (the &#8220;Co-Investment&#8221;), which </font><font style='font-family:Times New Roman;font-size:10pt;' >owns the</font><font style='font-family:Times New Roman;font-size:10pt;' > 24.7% interest in t</font><font style='font-family:Times New Roman;font-size:10pt;' >he Cro</font><font style='font-family:Times New Roman;font-size:10pt;' >wne Plaza Times Square Hotel not owned by t</font><font style='font-family:Times New Roman;font-size:10pt;' >he 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;' >The Co-Investment is also accounted for under ASC 946. We consolidate the accounts of the Co-Investment into our consolidated financial statements, retaining the fair value basis of accounting.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >A</font><font style='font-family:Times New Roman;font-size:10pt;' >t </font><font style='font-family:Times New Roman;font-size:10pt;' >September 30, 2016</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > we had six real estate fund investments with an aggregate fair value of $</font><font style='font-family:Times New Roman;font-size:10pt;' >519,386</font><font style='font-family:Times New Roman;font-size:10pt;' >,000, or $</font><font style='font-family:Times New Roman;font-size:10pt;' >210,451,000</font><font style='font-family:Times New Roman;font-size:10pt;' > in excess of cost, and had remaining unfunded commitments of $</font><font style='font-family:Times New Roman;font-size:10pt;' >117,907,000</font><font style='font-family:Times New Roman;font-size:10pt;' >, of which our share wa</font><font style='font-family:Times New Roman;font-size:10pt;' >s $</font><font style='font-family:Times New Roman;font-size:10pt;' >34,422,000</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >Bel</font><font style='font-family:Times New Roman;font-size:10pt;' >ow is a summary of income from the Fund and the Co-Investment 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 and nine months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >September 30, 2016</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:131.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:131.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(Amounts in thousands)</font></td><td style='width:111.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:144.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:144.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >For the Three Months Ended</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:144.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:144.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >For the Nine Months Ended</font></td></tr><tr style='height:12.75pt;' ><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:112.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:111.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font><sup><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' > </font></sup></td><td colspan='5' rowspan='1' style='width:144.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:144.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >September 30,</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:144.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:144.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >September 30,</font></td></tr><tr style='height:12.75pt;' ><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:112.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:111.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' > </font></td><td colspan='2' rowspan='1' style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' > </font></td><td colspan='2' rowspan='1' style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:243pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:243pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Net investment income</font></td><td style='width:9.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >5,841</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >5,116</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >12,237</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >13,716</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:243pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:243pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Net unrealized (losses) gains on held investments</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4,764)</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(2,544)</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >16,091</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >37,001</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:243pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:243pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Net realized (losses) gains on exited investments</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(907)</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >14,676</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >24,684</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:243pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:243pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Previously recorded unrealized gain on exited investment</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(14,254)</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(23,279)</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:243pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:243pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Income from real estate fund investments</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,077</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,665</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >28,750</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >52,122</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:243pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:243pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Less income attributable to noncontrolling interests</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(270)</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(42)</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(15,088)</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(29,453)</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:243pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:243pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Income from real estate fund investments</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:5.25pt;text-align:center;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:13.5pt;' ><td style='width:18.75pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:224.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >attributable to Vornado </font><sup><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:60pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >807</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:60pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,623</font></td><td style='width:5.25pt;text-align:center;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:60pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >13,662</font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:60pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;background-color:#CCFFFF;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >22,669</font></td></tr><tr style='height:7.5pt;' ><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:112.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:111.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:7.5pt;' ><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:112.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:111.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:5.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:36.75pt;' ><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(1)</font></td><td colspan='13' rowspan='1' style='width:519pt;text-align:justify;vertical-align:top;border-color:Black;min-width:519pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Excludes management, leasing and development fees of $804 and $678 for the three months ended September 30, 2016 and 2015, respectively, and $2,499 and $2,015 for the nine months ended September 30, 2016 and 2015, respectively, which are included as a component of &quot;fee and other income&quot; in our consolidated statements of income.</font></td></tr></table></div>
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-49674000 USD
CY2015Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
10036000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
5781000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7020000 USD
CY2016Q3 vno Finite Lived Intangible Liability Gross
FiniteLivedIntangibleLiabilityGross
587157000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5212000 USD
CY2016Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
8192000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188291000 shares
CY2016Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
108891000 USD
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.88
CY2015Q3 vno Management And Leasing Fees
ManagementAndLeasingFees
4045000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189581000 shares
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
47287000 USD
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
188994234 shares
us-gaap Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
0 USD
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
110000000 shares
CY2016Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
11171000 USD
CY2016Q3 us-gaap Investment Income Dividend
InvestmentIncomeDividend
3354000 USD
CY2016Q3 vno Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
276472000 USD
vno Lease Termination Fees
LeaseTerminationFees
8157000 USD
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
52676629 shares
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2016Q3 vno Capitalized Interest And Debt Expenses
CapitalizedInterestAndDebtExpenses
8384000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190086000 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1068000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
449755000 USD
us-gaap Investment Income Dividend
InvestmentIncomeDividend
9799000 USD
CY2015Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
45000 shares
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9818000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
415261000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11341000 shares
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
111328000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7489382000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.89
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
26312000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
172478000 USD
CY2016Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
98210000 USD
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1147000 shares
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.17
CY2016Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
188994234 shares
dei Amendment Flag
AmendmentFlag
false
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.03
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33328000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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us-gaap Tenant Reimbursements
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us-gaap Tenant Reimbursements
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vno Fee And Other Income
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us-gaap Operating Costs And Expenses
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us-gaap General And Administrative Expense
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us-gaap Preferred Stock Redemption Premium
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vno Disposal Group Including Discontinued Operation Total Expenses
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vno Disposal Group Including Discontinued Operation Total Expenses
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CY2016Q3 vno Operating Income From Discontinued Operations
OperatingIncomeFromDiscontinuedOperations
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OperatingIncomeFromDiscontinuedOperations
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vno Operating Income From Discontinued Operations
OperatingIncomeFromDiscontinuedOperations
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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CY2016Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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0 USD
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0 USD
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4900000 USD
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225000000 USD
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IncomeFromRealEstateFund
1077000 USD
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IncomeFromRealEstateFund
1665000 USD
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IncomeFromRealEstateFund
28750000 USD
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IncomeFromRealEstateFund
52122000 USD
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InterestAndOtherInvestmentLossIncomeNet
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InterestAndOtherInvestmentLossIncomeNet
20262000 USD
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InterestAndOtherInvestmentLossIncomeNet
19618000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
203633000 USD
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281023000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
129704000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
95535000 USD
vno Real Estate Net Deconsolidated
RealEstateNetDeconsolidated
122047000 USD
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RealEstateNetDeconsolidated
0 USD
vno Notes And Mortgages Payable Deconsolidated
NotesAndMortgagesPayableDeconsolidated
290418000 USD
vno Notes And Mortgages Payable Deconsolidated
NotesAndMortgagesPayableDeconsolidated
0 USD
vno Assets Transferred In Spin Off Transaction
AssetsTransferredInSpinOffTransaction
0 USD
vno Assets Transferred In Spin Off Transaction
AssetsTransferredInSpinOffTransaction
1722263000 USD
vno Liabilities Transferred In Spin Off Transaction
LiabilitiesTransferredInSpinOffTransaction
0 USD
vno Liabilities Transferred In Spin Off Transaction
LiabilitiesTransferredInSpinOffTransaction
1482660000 USD
vno Equity Transferred In Spin Off Transaction
EquityTransferredInSpinOffTransaction
0 USD
vno Equity Transferred In Spin Off Transaction
EquityTransferredInSpinOffTransaction
239603000 USD
vno Transfer Of Interest In Real Estate To Partially Owned Entity
TransferOfInterestInRealEstateToPartiallyOwnedEntity
0 USD
vno Transfer Of Interest In Real Estate To Partially Owned Entity
TransferOfInterestInRealEstateToPartiallyOwnedEntity
145313000 USD
CY2015Q3 vno Operating Partnership Units Value
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80000000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
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0.937 pure
CY2016Q3 vno Gain Loss On Investment In Deferred Compensation Plan
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204000 USD
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-2577000 USD
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2625000 USD
vno Gain Loss On Investment In Deferred Compensation Plan
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-327000 USD
CY2016Q3 us-gaap Real Estate Revenue Net
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633197000 USD
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627596000 USD
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1867942000 USD
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RealEstateRevenueNet
1850686000 USD
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OperatingExpenses
444044000 USD
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OperatingExpenses
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us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Expenses
OperatingExpenses
1298141000 USD
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OperatingIncomeLoss
189153000 USD
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98365000 USD
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us-gaap Interest And Debt Expense
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304430000 USD
us-gaap Interest And Debt Expense
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279110000 USD
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0 USD
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103037000 USD
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CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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102500000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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11410000 USD
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NetIncomeLossAttributableToRedeemableNoncontrollingInterest
28189000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2016Q3 us-gaap Income Tax Expense Benefit
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
9805000 USD
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NetIncomeLoss
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us-gaap Income Tax Expense Benefit
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CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
200777000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
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IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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IncomeLossFromDiscontinuedOperationsNetOfTax
50278000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
100604000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
235240000 USD
us-gaap Profit Loss
ProfitLoss
277378000 USD
us-gaap Profit Loss
ProfitLoss
575886000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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4366000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
12704000 USD

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