Below are the financial statements of Vornado Realty Trust, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 |
---|---|---|
Real estate, at cost | — | — |
Land | 2,434.21a | 2,436.22a |
Buildings and improvements | 10,439.11a | 9,952.95a |
Development costs and construction in progress | 1,097.4a | 1,281.08a |
Leasehold improvements and equipment | 120.92a | 130.95a |
Total | 14,091.63a | 13,801.2a |
Assets | — | — |
Less accumulated depreciation and amortization | -4,025.35a | -3,752.83a |
Real estate, net | 10,066.28a | 10,048.38a |
Right-of-use assets | 678.8a | 680.04a |
Cash and cash equivalents | 733.95a | 997a |
Restricted cash | 215.67a | 264.58a |
Tenant and other receivables | 58.85a | 69.54a |
Investments in partially owned entities | 2,691.48a | 2,610.56a |
Receivable arising from the straight-lining of rents | 707.02a | 701.67a |
Deferred leasing costs, net of accumulated amortization of $268,532 and $249,347 | 354.88a | 355.01a |
Identified intangible assets, net of accumulated amortization of $75,002 and $98,589 | 118.22a | 127.08a |
Other assets | 373.45a | 333.8a |
Liabilities, redeemable noncontrolling interests and equity | — | — |
Mortgages payable, net | 5,676.01a | 5,688.02a |
Senior unsecured notes, net | 1,195.91a | 1,193.87a |
Unsecured term loan, net | 795.95a | 794.56a |
Unsecured revolving credit facilities | 575a | 575a |
Lease liabilities | 749.76a | 732.86a |
Accounts payable and accrued expenses | 374.01a | 411.04a |
Deferred revenue | 28.42a | 32.2a |
Deferred compensation plan | 114.58a | 105.25a |
Other liabilities | 317.09a | 311.13a |
Total liabilities | 9,826.74a | 9,843.93a |
Redeemable noncontrolling interests | — | — |
Class A units - 16,850,803 and 17,000,030 units outstanding | 708.41a | 480.25a |
Series D cumulative redeemable preferred units - 141,400 units outstanding | 3.54a | 3.54a |
Total redeemable noncontrolling partnership units | 711.94a | 483.79a |
Redeemable noncontrolling interest in a consolidated subsidiary | 122.72a | 154.66a |
Total redeemable noncontrolling interests | 834.66a | 638.45a |
Shareholders' equity | — | — |
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,789,180 and 48,792,902 shares | 1,182.36a | 1,182.46a |
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 190,846,580 and 190,390,703 shares | 7.63a | 7.59a |
Additional capital | 8,052.79a | 8,263.29a |
Earnings less than distributions | -4,142.25a | -4,009.4a |
Accumulated other comprehensive income | 57.7a | 65.12a |
Total shareholders' equity | 5,158.24a | 5,509.06a |
Noncontrolling interests in consolidated subsidiaries | 178.97a | 196.22a |
Total equity | 5,337.21a | 5,705.29a |
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