Vornado Realty Trust VNO Income Statement

Vornado realty trust (VNO)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08
REVENUES:
Real Estate [Abstract]
Revenues
444,532	460,968	465,961	463,103	534,668	543,417	542,048	541,818	536,437	808,529	432,062	428,643	414,892	204,270	411,153	527,178	519,492	85,412	526,337	514,843	500,274	490,879	474,978	478,490	467,140	291,105	521,433	534,074	533,793	232,359	511,561	517,233	510,111	454,139	530,192	544,905	562,252	416,088	559,518	565,412	552,457	494,618	550,054	554,516	549,787	547,498
Tenant expense reimbursements
-	-	-	-	-	-	-	-	-	-	63,401	51,657	59,033	40,190	60,957	60,841	59,575	22,505	67,098	62,215	66,921	65,455	65,953	55,110	59,301	-3,238	81,814	72,291	75,964	-14,268	79,215	71,409	70,793	54,281	85,757	77,902	89,669	44,086	95,341	86,420	91,930	80,356	89,530	83,375	98,029	97,815
Cleveland Medical Mart development project
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,343	4,893	16,990	12,143	51,220	72,651	56,304	55,059	45,877	35,135	32,369	40,699	0	0	0	0	-	-	-	-	-
Total revenues
-	-	-	-	-	-	-	-	-	-	528,755	511,087	508,058	266,244	502,753	621,708	613,037	134,809	627,596	616,288	606,802	597,010	578,710	574,411	562,381	240,258	668,989	671,216	718,713	282,448	703,052	677,983	669,241	592,027	687,860	696,038	726,883	501,779	687,125	683,989	685,314	632,016	671,219	673,790	678,566	676,068
EXPENSES:
Impairment losses on development projects and costs of acquisitions not consummated
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000
Operating
230,007	223,975	226,359	220,752	246,895	254,320	235,575	235,981	237,602	225,011	225,226	215,700	220,659	129,317	213,762	245,138	256,349	70,767	256,561	242,690	254,493	246,564	240,088	230,398	236,561	141,874	261,776	259,168	265,747	139,894	261,512	243,485	246,746	178,280	262,837	257,228	286,362	-10,614	275,077	261,845	457,116	-343,242	448,139	456,029	489,619	467,159
Depreciation and amortization
92,793	92,926	96,437	113,035	116,709	112,869	113,169	111,846	108,686	114,166	104,972	105,123	105,128	30,876	105,877	141,313	142,957	-23,196	141,920	136,957	124,122	121,489	114,822	113,200	131,792	67,011	122,119	133,180	139,317	53,391	122,241	128,372	131,541	133,652	126,935	125,802	129,833	97,229	130,599	133,277	133,793	120,689	130,503	136,686	131,656	136,550
General and administrative
52,834	39,791	33,237	38,872	58,020	32,934	31,977	34,427	42,533	31,879	36,261	35,405	47,237	15,791	33,584	45,564	48,704	15,418	36,157	39,189	58,492	40,906	40,384	40,478	47,502	31,495	44,186	50,305	51,380	16,616	48,456	46,832	55,290	53,668	46,121	49,795	58,946	58,029	55,200	49,540	48,630	50,203	51,684	49,632	79,065	49,494
Benefit (expense) from deferred compensation plan liability
-11,245	3,887	974	1,315	5,433	-6,014	1,861	2,077	-404	-	-	789	2,469	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction related costs, impairment losses and other
71	3,223	1,576	101,590	149	-	2,510	1,017	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real Estate Acquisition and Related Transaction Cost
-	-	-	-	-	-	-	-	13,156	-	61	260	752	896	1,069	2,879	4,607	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cleveland Medical Mart development project
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,446	3,239	15,151	11,374	49,492	70,431	53,935	52,761	44,187	33,419	29,940	38,278	0	0	0	0	-	-	-	-	-
Skyline properties impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	160,700	-	1,518	4,061	1,981	-3,629	1,277	1,067	1,285	18,088	2,818	3,350	601	13,072	1,070	2,559	685	12,844	2,288	1,897	18,270	106,607	921	1,930	0	-	0	-	-	-
Total expenses
364,460	363,802	358,583	475,564	427,206	408,746	385,092	385,348	401,573	375,433	366,520	357,277	376,245	21,393	354,292	434,894	613,317	67,940	436,156	422,897	439,088	423,765	396,571	385,143	417,140	260,914	434,138	461,154	468,419	272,465	503,710	475,183	487,023	422,631	471,600	464,662	531,689	616,097	461,797	446,592	274,693	1,059,865	265,952	269,711	278,898	276,115
Operating income
-	-	-	-	-	-	-	-	-	-	162,235	153,810	131,813	244,851	148,461	186,814	-280	66,869	191,440	193,391	167,714	173,245	182,139	189,268	145,241	-20,656	234,851	210,062	250,294	9,983	199,342	202,800	182,218	169,396	216,260	231,376	195,194	68,105	225,328	237,397	228,198	151,377	223,080	217,761	188,947	208,909
Income from real estate fund investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,389	11,284	-62,069	1,665	26,368	24,089	20,616	24,160	100,110	18,148	28,951	22,913	34,470	16,564	26,364	5,509	20,301	11,762	-2,605	5,353	19,058	1,080	1,107	-1,410	0	0	-	-	-	-	-
Income from partially owned entities
19,103	22,726	25,946	22,873	7,320	3,090	7,206	8,757	-9,904	9,622	-41,801	46,021	1,358	-	3,811	642	-4,240	-	-325	-5,641	-2,405	17,936	-26,034	-53,742	1,979	-295,262	-32,756	-35,389	22,525	280,939	12,683	-6,627	136,131	-17,622	3,836	3,170	129,228	-23,616	-4,553	-16,552	137,214	78,140	24,590	-22,797	-7,543	-3,099
Loss from real estate fund investments
-183,463	-90,302	2,190	-15,803	-167	-51,258	-190	-28,976	-8,807	4,889	-6,308	4,391	268	-	1,077	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income applicable to Alexander's
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,614	18,133	-6,876
(Loss) income applicable to Toys "R" Us
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-327	97,147	-8,141
Interest and other investment (loss) income, net
-5,904	5,889	3,045	7,840	5,045	7,656	2,893	30,892	-24,384	6,319	9,306	8,541	6,695	4,122	6,459	10,236	3,518	7,622	3,160	5,666	10,792	9,938	7,568	9,396	11,850	8,048	-10,275	26,415	-49,075	-238,216	10,523	-49,172	15,665	53,688	-30,011	7,998	117,108	169,591	47,096	3,876	14,704	-52,742	20,486	-98,153	14,059	9,638
(Loss) income from deferred compensation plan assets
-11,245	3,887	974	1,315	5,433	-6,014	1,861	2,077	-404	-	-	789	2,469	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and debt expense
58,842	59,683	61,448	63,029	102,463	83,175	88,951	87,657	88,166	93,073	85,068	84,789	82,724	44,454	79,721	105,576	100,489	30,188	95,344	92,092	91,674	111,713	100,817	103,913	96,312	65,103	119,676	120,657	120,346	57,526	119,330	124,320	130,059	117,088	131,998	135,361	134,710	115,907	145,561	142,175	135,727	142,740	158,205	159,063	157,760	157,646
Net gain on transfer to Fifth Avenue and Times Square JV
-	-	0	2,571,099	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Assets
68,589	203,835	309,657	111,713	220,294	-	141,269	23,559	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on extinguishment of Skyline properties debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-724	-1,072	-	-52,911	3,407	17,684	5,905	0
Gains (Losses) on Sales of Investment Real Estate
-	-	-	-	-	-	-	-	0	-	0	0	501	208	0	159,511	714	44,520	103,037	0	1,860	363	2,665	905	9,635	22,611	15,138	1,005	-36,724	0	0	4,856	0	7,159	1,298	0	6,677	68,673	5,072	4,382	3,305	-	4,432	-	-	5,160
(Loss) income before income taxes
-91,690	183,518	387,742	2,623,547	242,924	130,233	221,044	105,122	3,199	92,224	38,364	128,763	60,380	326,323	80,087	268,016	-89,493	109,544	203,633	127,692	110,038	110,385	89,681	142,024	90,541	-321,411	110,195	115,906	83,238	21,544	108,727	47,838	215,717	92,928	64,738	126,241	314,577	264,538	125,248	85,856	247,694	-139,234	117,790	-38,281	158,888	47,945
Income Tax Expense (Benefit)
12,813	22,897	23,885	26,914	29,743	32,669	1,943	467	2,554	39,946	1,188	-610	1,851	-1,580	4,563	2,109	2,831	-767	2,856	-88,072	971	2,498	2,652	3,280	851	-14,889	2,222	2,877	1,073	-9,187	3,015	7,479	6,825	4,943	6,959	5,641	6,382	6,144	5,449	4,964	5,580	4,869	5,267	5,457	5,049	5,244
(Loss) income from continuing operations
-104,503	160,621	363,857	2,596,633	213,181	97,564	219,101	104,655	645	52,278	37,176	129,373	58,529	327,903	75,524	265,907	-92,324	110,311	200,777	215,764	109,067	107,887	87,029	138,744	89,690	-306,522	107,973	113,029	82,165	30,731	105,712	40,359	208,892	87,985	57,779	120,600	308,195	258,394	119,799	80,892	242,114	-144,103	112,523	-43,738	153,839	42,701
Loss from discontinued operations
0	55	-8	60	-137	257	61	683	-363	1,273	-47,930	18,111	15,318	376,641	25,080	2,475	716	173,233	34,463	-364	16,179	468,099	82,168	26,943	8,466	267,763	24,278	69,292	206,762	61,162	158,444	17,869	71,372	9,002	8,444	10,369	137,626	23,750	-3,667	-3,681	-9,570	5,837	43,321	3,363	-2,592	-846
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-104,503	160,676	363,849	2,596,693	213,044	97,821	219,162	105,338	282	53,551	-10,754	147,484	73,847	704,544	100,604	268,382	-91,608	283,544	235,240	215,400	125,246	575,986	169,197	165,687	98,156	-38,759	132,251	182,321	288,927	91,893	264,156	58,228	280,264	96,987	66,223	130,969	445,821	282,144	116,132	77,211	232,544	-143,450	155,844	-40,375	156,431	43,547
Less net loss (income) attributable to noncontrolling interests in:
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable
-122,387	-58,592	5,774	21,451	6,820	-21,886	3,312	-26,175	-8,274	7,366	4,022	7,677	6,737	-5,010	3,658	13,025	9,678	17,395	3,302	19,186	15,882	11,322	9,685	63,975	11,579	13,903	23,833	14,930	11,286	1,090	6,610	14,721	9,597	1,143	5,636	13,657	1,350	3,430	296	981	213	-	-	-	-	-
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest
390	13,518	22,637	162,515	12,202	6,680	12,671	7,445	-1,124	1,853	-1,878	7,706	3,229	42,244	4,366	14,531	-7,487	15,042	12,704	10,198	5,287	31,061	7,988	4,704	3,860	-2,997	5,032	8,849	13,933	3,882	14,837	1,337	15,271	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred unit distributions of the Operating Partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	348	786	786	1,403	3,873	3,874	-	-	-	-	-	-	-	-	-	-	-	-	-
Less net income attributable to noncontrolling interests in: Operating Partnership, including unit distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,825	8,731	31,808	-	11,584	4,124	17,779	-	-	-	-	-
Net income attributable to noncontrolling interests, including unit distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,227	-2,740	16,321	6,540
Net Income (Loss) Attributable to Parent
17,494	205,750	335,438	2,412,727	194,022	113,027	203,179	124,068	9,680	44,332	-12,898	132,101	63,881	667,310	92,580	240,826	-93,799	251,107	219,234	186,016	104,077	533,603	151,524	97,008	82,717	-48,519	103,374	158,194	262,922	86,135	241,306	38,297	251,522	87,296	53,762	108,581	412,663	256,973	104,252	72,106	214,552	-136,923	140,617	-37,635	140,110	37,007
Preferred share dividends / unit distributions
12,531	12,533	12,532	12,532	12,534	12,533	12,534	12,534	13,035	17,013	16,128	16,129	16,129	16,129	19,047	20,363	20,364	20,365	20,364	20,365	19,484	20,365	20,365	20,366	20,368	20,368	20,369	20,368	21,702	20,750	20,613	17,787	17,787	17,788	17,627	16,668	13,448	13,559	13,442	14,266	14,267	14,269	14,269	14,269	14,269	14,271
Preferred share / unit issuance costs
-	-	0	0	-	0	0	0	14,486	0	0	0	0	-	7,408	-	-	-	0	-	-	-	-	-	-	0	0	8,100	-9,230	-2,752	11,700	0	0	-	5,000	-	-	-	4,382	-	-	-	-	-	-	-
NET INCOME attributable to common shareholders / Class A unitholders
4,963	193,217	322,906	2,400,195	181,488	100,494	190,645	111,534	-17,841	27,319	-29,026	115,972	47,752	651,181	66,125	220,463	-114,163	230,742	198,870	165,651	84,593	513,238	131,159	76,642	62,349	-68,887	83,005	145,926	231,990	62,633	232,393	20,510	233,735	69,508	41,135	91,913	399,215	243,414	95,192	57,840	200,285	-151,192	126,348	-51,904	125,841	22,736
INCOME PER COMMON SHARE - BASIC:
Income from continuing operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	0.13	0.09	0.52	0.18	1.57	0.23	1.16	-0.61	0.36	0.88	0.88	0.37	0.38	0.29	0.27	0.29	-1.71	0.33	0.43	0.20	0.01	0.45	0.02	0.90	0.33	0.18	0.44	1.47	1.21	0.54	0.34	1.15	-0.94	0.48	-0.32	0.79	0.14
Loss from discontinued operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	0.01	-0.24	0.09	0.07	1.88	0.12	0.01	0.00	0.87	0.17	0.00	0.08	2.36	0.41	0.14	0.04	1.35	0.11	0.35	1.04	0.32	0.80	0.09	0.36	0.04	0.04	0.06	0.70	0.12	-0.02	-0.02	-0.05	0.00	0.23	0.02	0.02	0.00
Net income per common share (in dollars per share)
0.03	1.01	1.69	12.58	0.95	0.52	1.00	0.59	-0.09	0.14	-0.15	0.61	0.25	3.45	0.35	1.17	-0.61	1.23	1.05	0.88	0.45	2.74	0.70	0.41	0.33	-0.36	0.44	0.78	1.24	0.33	1.25	0.11	1.26	0.37	0.22	0.50	2.17	1.33	0.52	0.32	1.10	-0.94	0.71	-0.30	0.81	0.14
Weighted average shares outstanding, basic (in shares)
191,038	190,920	190,814	190,781	190,689	190,350	190,245	190,200	190,081	189,906	189,593	189,395	189,210	189,017	188,901	188,772	188,658	188,544	188,504	188,365	187,999	187,783	187,671	187,527	187,307	187,112	186,969	186,931	186,752	186,273	185,924	185,673	185,370	184,578	184,398	184,268	183,988	183,329	182,462	182,027	181,542	180,170	178,689	171,530	155,991	-
INCOME PER COMMON SHARE - DILUTED:
Income from continuing operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	0.12	0.09	0.52	0.18	1.57	0.23	1.15	-0.61	0.36	0.88	0.87	0.37	0.38	0.28	0.27	0.29	-1.71	0.33	0.43	0.20	0.02	0.44	0.02	0.90	0.33	0.18	0.44	1.45	1.20	0.54	0.33	1.14	-0.93	0.48	-0.32	0.78	0.14
Loss from discontinued operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	0.02	-0.24	0.09	0.07	1.87	0.12	0.01	0.00	0.86	0.17	0.00	0.08	2.34	0.41	0.14	0.04	1.34	0.11	0.35	1.04	0.32	0.80	0.09	0.35	0.07	0.04	0.05	0.67	0.12	-0.02	-0.02	-0.05	0.01	0.22	0.02	0.02	0.00
Net income per common share (in dollars per share)
0.03	1.01	1.69	12.56	0.95	0.52	1.00	0.58	-0.09	0.14	-0.15	0.61	0.25	3.44	0.35	1.16	-0.61	1.22	1.05	0.87	0.45	2.72	0.69	0.41	0.33	-0.37	0.44	0.78	1.24	0.34	1.24	0.11	1.25	0.40	0.22	0.49	2.12	1.32	0.52	0.31	1.09	-0.92	0.70	-0.30	0.80	0.14
Weighted average shares outstanding, diluted (in shares)
191,113	191,134	191,024	191,058	190,996	192,584	191,327	191,168	190,081	193,369	190,847	190,444	190,372	192,101	190,048	189,885	188,658	189,739	189,581	189,600	189,336	189,091	188,812	188,617	188,240	187,863	187,724	187,720	187,529	181,237	186,655	186,342	191,886	180,346	186,065	186,144	191,529	185,379	184,168	183,644	183,445	184,402	180,977	171,530	157,103	-
DIVIDENDS PER COMMON SHARE (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.60	0.71	0.71	-	0.63	0.63	0.63	-	0.63	0.63	0.63	-	0.73	0.73	0.73	-	0.73	0.73	0.73	-	0.69	0.69	0.69	-	0.69	0.69	0.69	-	0.65	0.65	0.65	-	0.65	0.95	0.95	0.90
Rental revenues
Revenues
401,274	418,408	427,638	421,299	499,877	500,059	503,947	502,907	500,420	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fee and other income
Revenues
43,258	42,560	38,323	41,804	34,791	43,358	38,101	38,911	36,017	37,538	33,292	30,787	34,133	21,784	30,643	33,689	33,970	26,892	34,161	39,230	39,607	40,676	37,779	40,811	35,940	-49,952	60,849	47,861	96,813	13,137	39,625	33,037	33,278	37,730	36,776	40,862	34,263	41,605	32,266	32,157	40,927	57,042	31,635	35,899	30,750	30,755
Vornado Realty L.P.
Revenues
444,532	460,968	465,961	463,103	534,668	543,417	542,048	541,818	536,437	808,529	432,062	428,643	414,892	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant expense reimbursements
-	-	-	-	-	-	-	-	-	-	63,401	51,657	59,033	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fee And Other Income
-	-	-	-	-	-	-	-	-	-	33,292	30,787	34,133	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
-	-	-	-	-	-	-	-	-	-	528,755	511,087	508,058	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating
230,007	223,975	226,359	220,752	246,895	254,320	235,575	235,981	237,602	225,011	225,226	215,700	220,659	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
92,793	92,926	96,437	113,035	116,709	112,869	113,169	111,846	108,686	114,166	104,972	105,123	105,128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
52,834	39,791	33,237	38,872	58,020	32,934	31,977	34,427	42,533	31,879	36,261	35,405	47,237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Benefit (expense) from deferred compensation plan liability
-11,245	3,887	974	1,315	5,433	-6,014	1,861	2,077	-404	-	-	789	2,469	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction related costs, impairment losses and other
71	3,223	1,576	101,590	149	-	2,510	1,017	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real Estate Acquisition and Related Transaction Cost
-	-	-	-	-	-	-	-	13,156	-	61	260	752	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
364,460	363,802	358,583	475,564	427,206	408,746	385,092	385,348	401,573	375,433	366,520	357,277	376,245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
-	-	-	-	-	-	-	-	-	-	162,235	153,810	131,813	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from partially owned entities
19,103	22,726	25,946	22,873	7,320	3,090	7,206	8,757	-9,904	9,622	-41,801	46,021	1,358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from real estate fund investments
-183,463	-90,302	2,190	-15,803	-167	-51,258	-190	-28,976	-8,807	4,889	-6,308	4,391	268	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other investment (loss) income, net
-5,904	5,889	3,045	7,840	5,045	7,656	2,893	30,892	-24,384	6,319	9,306	8,541	6,695	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from deferred compensation plan assets
-11,245	3,887	974	1,315	5,433	-6,014	1,861	2,077	-404	-	-	789	2,469	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and debt expense
58,842	59,683	61,448	63,029	102,463	83,175	88,951	87,657	88,166	93,073	85,068	84,789	82,724	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on transfer to Fifth Avenue and Times Square JV
-	-	0	2,571,099	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Assets
68,589	203,835	309,657	111,713	220,294	-	141,269	23,559	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (Losses) on Sales of Investment Real Estate
-	-	-	-	-	-	-	-	0	-	0	0	501	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income before income taxes
-91,690	183,518	387,742	2,623,547	242,924	130,233	221,044	105,122	3,199	92,224	38,364	128,763	60,380	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense (Benefit)
12,813	22,897	23,885	26,914	29,743	32,669	1,943	467	2,554	39,946	1,188	-610	1,851	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from continuing operations
-104,503	160,621	363,857	2,596,633	213,181	97,564	219,101	104,655	645	52,278	37,176	129,373	58,529	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
0	55	-8	60	-137	257	61	683	-363	1,273	-47,930	18,111	15,318	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-104,503	160,676	363,849	2,596,693	213,044	97,821	219,162	105,338	282	53,551	-10,754	147,484	73,847	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable
-122,387	-58,592	5,774	21,451	6,820	-21,886	3,312	-26,175	-8,274	7,366	4,022	7,677	6,737	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest
390	13,518	22,637	162,515	12,202	6,680	12,671	7,445	-1,124	1,853	-1,878	7,706	3,229	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
17,884	219,268	358,075	2,575,242	206,224	119,707	215,850	131,513	8,556	46,185	-14,776	139,807	67,110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred share dividends / unit distributions
12,572	12,574	12,574	12,573	12,575	12,582	12,582	12,582	13,084	17,062	16,176	16,177	16,178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred share / unit issuance costs
-	-	0	0	-	0	0	0	14,486	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME attributable to common shareholders / Class A unitholders
5,312	206,694	345,501	2,562,669	193,649	107,125	203,268	118,931	-19,014	29,123	-30,952	123,630	50,932	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	0.14	0.08	0.52	0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	0.00	-0.24	0.09	0.08	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per Class A unit (in dollars per unit)
0.00	1.00	1.69	12.58	0.95	0.54	1.00	0.58	-0.10	0.14	-0.16	0.61	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average units outstanding, basic (in shares)
203,370	203,083	203,009	202,924	202,772	202,176	202,103	202,064	201,929	201,584	201,300	201,127	200,845	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	0.13	0.08	0.52	0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	0.00	-0.24	0.09	0.08	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per Class A unit (in dollars per unit)
0.00	1.01	1.69	12.54	0.95	0.53	0.99	0.58	-0.10	0.13	-0.16	0.61	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average units outstanding, diluted (in shares)
203,516	202,618	203,550	203,480	203,344	204,771	203,594	203,354	201,929	204,817	203,113	202,623	202,647	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DISTRIBUTIONS PER CLASS A UNIT (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.60	0.71	0.71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-