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Document and Entity Information - USD ($) | 12 Months Ended | |
---|---|---|
Dec. 31, 2016 | Jun. 30, 2016 | |
Document and Entity Information | ||
Entity Registrant Name | VORNADO REALTY TRUST | |
Entity Central Index Key | 0000899689 | |
Document Type | 10-K | |
Document Period End Date | Dec. 31, 2016 | |
Document Fiscal Year Focus | 2016 | |
Document Fiscal Period Focus | FY | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 189,100,876 | |
Entity Public Float | $ 17,294,426,000 | |
Entity Well Known Seasoned Issuer | Yes | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Trading Symbol | vno | |
Vornado Realty L.P. | ||
Document and Entity Information | ||
Entity Registrant Name | VORNADO REALTY LP | |
Entity Central Index Key | 0001040765 | |
Document Type | 10-K | |
Document Period End Date | Dec. 31, 2016 | |
Document Fiscal Year Focus | 2016 | |
Document Fiscal Period Focus | FY | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 0 | |
Entity Public Float | $ 0 | |
Entity Well Known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes |
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Rating
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If the cost or amount of our indebtedness increases or we cannot refinance our debt in sufficient amounts or on acceptable terms, we are at risk of credit ratings downgrades and default on our obligations that could adversely affect our financial condition and results of operations.
Net cash used in financing activities of the Operating Partnership of $446,154,000 was comprised of i $1,894,990,000 for the repayments of borrowings, ii $475,961,000 of distributions to Vornado, iii $246,250,000 for the redemption of preferred units, iv $130,590,000 of distributions to redeemable security holders and noncontrolling interests in consolidated subsidiaries, v $80,137,000 of distributions to preferred unitholders, vi $42,157,000 of debt issuance and other costs, and vii $186,000 for the repurchase of Class A units related to equity compensation agreements and related tax withholdings and other, partially offset by viii $2,403,898,000 of proceeds from borrowings, ix $11,950,000 of contributions from noncontrolling interests in consolidated subsidiaries and x $8,269,000 of proceeds received from the exercise of Vornado stock options.
Net cash provided by financing activities of Vornado Realty Trust of $54,342,000 was comprised of i $2,428,285,000 of proceeds from borrowings, ii $30,295,000 of contributions from noncontrolling interests, and iii $19,245,000 of proceeds received from exercise of employee share options, partially offset by iv $1,312,258,000 for the repayments of borrowings, v $547,831,000 of dividends paid on common shares, vi $220,895,000 of distributions to noncontrolling interests, vii purchase of marketable securities in connection with the defeasance of mortgage payable of $198,884,000, viii $81,468,000 of dividends paid on preferred shares, ix $58,336,000 of debt issuance and other costs, and x $3,811,000 for the repurchase of shares related to stock compensation agreements and related tax withholdings and other.
Net cash used in financing activities of Vornado Realty Trust of $446,154,000 was comprised of i $1,894,990,000 for the repayments of borrowings, ii $475,961,000 of dividends paid on common shares, iii $246,250,000 for the redemption of preferred shares, iv $130,590,000 of distributions to noncontrolling interests, v $80,137,000 of dividends paid on preferred shares, vi $42,157,000 of debt issuance and other costs, and vii $186,000 for the repurchase of shares related to stock compensation agreements and related tax withholdings and other, partially offset by viii $2,403,898,000 of proceeds from borrowings, ix $11,950,000 of contributions from noncontrolling interests and x $8,269,000 of proceeds received from the exercise of employee share options.
In 2014, we recognized a...Read more
In 2014, we recognized a...Read more
Impairment loss on loan loss...Read more
Impairment loss and loan loss...Read more
Impairment loss and loan loss...Read more
Net cash provided by financing...Read more
Net cash provided by financing...Read more
On January 13, 2017, the...Read more
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In addition, the cost of...Read more
Net cash used in investing...Read more
ASU 2016-15 clarifies guidance on...Read more
The Companys management is responsible...Read more
We expect to finance our...Read more
Similarly, estimated operating expenses and...Read more
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A companys internal control over...Read more
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Our internal control over financial...Read more
Our internal control over financial...Read more
Management of Vornado Realty Trust,...Read more
The sale resulted in net...Read more
From time to time changes...Read more
In certain circumstances, in the...Read more
If a property is mortgaged...Read more
Upon the acquisition of real...Read more
We record acquired intangible assets...Read more
For derivatives designated as cash...Read more
This increase resulted primarily from...Read more
This decrease resulted primarily from...Read more
During 2016, the Operating Partnership...Read more
If our estimates of the...Read more
If our estimates of the...Read more
In the year ended December...Read more
In the year ended December...Read more
Our cash and cash equivalents...Read more
Other sources of liquidity to...Read more
The net basis of our...Read more
If our estimates of the...Read more
Our expenses, which consist primarily...Read more
Our expenses, which consist primarily...Read more
Vornados Board of Trustees could...Read more
Cash flows provided by operating...Read more
Interest and debt expense was...Read more
Increase in cash basis same...Read more
% increase in cash basis...Read more
% increase in cash basis...Read more
Increase in cash basis same...Read more
Excluding Hotel Pennsylvania, same store...Read more
Excluding Hotel Pennsylvania, same store...Read more
Excluding Hotel Pennsylvania, same store...Read more
Excluding Hotel Pennsylvania, same store...Read more
Excluding Hotel Pennsylvania, same store...Read more
Excluding Hotel Pennsylvania, same store...Read more
Excluding Hotel Pennsylvania, same store...Read more
Excluding Hotel Pennsylvania, same store...Read more
Our audit included obtaining an...Read more
Our audit included obtaining an...Read more
Based on this assessment, management...Read more
Based on this assessment, management...Read more
We are also entitled to...Read more
These rents are recognized over...Read more
Net cash used in investing...Read more
Loss income from real estate...Read more
Vornado has many shares available...Read more
Net cash used in investing...Read more
Leases typically provide for periodic...Read more
If any of the credit...Read more
Under Vornados declaration of trust,...Read more
Net income attributable to noncontrolling...Read more
This decrease resulted primarily from...Read more
Specifically, awards under our 2017...Read more
In addition, failure to comply...Read more
Cash flows provided by operating...Read more
Awards under the 2015 and...Read more
In addition, in circumstances where...Read more
Although we believe that Vornado...Read more
Interest and debt expense was...Read more
Loss income from real estate...Read more
Loss income from real estate...Read more
Loss income from real estate...Read more
Those standards require that we...Read more
Those standards require that we...Read more
Under the 2017 OPP, participants...Read more
Our unsecured indebtedness and debt...Read more
We have an effective shelf...Read more
Net income attributable to noncontrolling...Read more
Net income attributable to noncontrolling...Read more
Tenant improvements and leasing commissions:...Read more
Tenant improvements and leasing commissions:...Read more
Tenant improvements and leasing commissions:...Read more
Tenant improvements and leasing commissions:...Read more
Tenant improvements and leasing commissions:...Read more
Tenant improvements and leasing commissions:...Read more
Tenant improvements and leasing commissions:...Read more
The Number of Shares of...Read more
On September 9, 2015, we...Read more
In addition, Mr. Roth, Interstate...Read more
Results primarily from i the...Read more
Second generation relet space represents...Read more
Less net loss income attributable...Read more
Depreciation of the buildings and...Read more
This decrease resulted primarily from...Read more
Disclosure Controls and Procedures: Vornado...Read more
Disclosure Controls and Procedures: Our...Read more
FFO and FFO per diluted...Read more
As of December 31, 2016,...Read more
The financial statement gain was...Read more
Lessees will recognize expense based...Read more
Dividends on preferred shares and...Read more
As of December 31, 2016...Read more
The following table provides a...Read more
The following table provides a...Read more
Leases also typically provide for...Read more
Leases also typically provide for...Read more
Results primarily from i the...Read more
Qualifications are governed by highly...Read more
We may utilize various financial...Read more
Form of Vornado Realty Trust...Read more
Form of Vornado Realty Trust...Read more
Form of Vornado Realty Trust...Read more
Form of Vornado Realty Trust...Read more
Distributions paid on unvested OP...Read more
We have elected to early...Read more
We have outstanding debt, and...Read more
A significant decline in Vornados...Read more
This increase in expense resulted...Read more
Taxable REIT subsidiaries may participate...Read more
Further, if lenders insist on...Read more
Further, if lenders insist on...Read more
As of December 31, 2016,...Read more
If a participating subsidiary withdraws...Read more
Cash flows provided by operating...Read more
Likewise, Vornados ability to pay...Read more
Includes a special long-term capital...Read more
Our consolidated financial statements are...Read more
ASU 2016-09 is effective for...Read more
ASU 2016-02 is effective for...Read more
ASU 2016-15 is effective for...Read more
ASU 2016-18 is effective for...Read more
ASU 2017-01 is effective for...Read more
Vornados senior executive officers are...Read more
Increase reduction in unrealized net...Read more
Increase reduction in unrealized net...Read more
Our operating and financial policies,...Read more
Includes an aggregate of 2,055,430...Read more
Our unsecured revolving credit facilities...Read more
Our unsecured revolving credit facilities...Read more
Our unsecured revolving credit facilities...Read more
Our taxable REIT subsidiaries had...Read more
Loss of our key personnel...Read more
In certain circumstances, in the...Read more
In 2014, we recognized our...Read more
In 2014, we recognized our...Read more
This increase resulted primarily from...Read more
While we believe that we...Read more
Interest and other investment income,...Read more
Our unsecured revolving credit facilities...Read more
Our unsecured revolving credit facilities...Read more
Our unsecured revolving credit facilities...Read more
These rents are recognized only...Read more
The basis difference related to...Read more
This receivable arises from earnings...Read more
Betterments, major renewals and certain...Read more
We are deemed to be...Read more
Income from real estate fund...Read more
Change in unrealized net gain...Read more
Change in unrealized net gain...Read more
At closing, the joint venture...Read more
Income is recognized when rooms...Read more
OPPs are multi-year, performance-based equity...Read more
Vornado may issue additional shares...Read more
In the year ended December...Read more
Tenant allowances are amortized on...Read more
Cash flows are derived from...Read more
The year ended December 31,...Read more
The year ended December 31,...Read more
For derivatives designated as fair...Read more
Net gains on sale of...Read more
Net gains on sale of...Read more
In connection with the upsizing,...Read more
Dividend payments on awards issued...Read more
Our consolidated outstanding debt, net...Read more
Decrease in assets and liabilities...Read more
Decrease in assets and liabilities...Read more
Decrease in assets and liabilities...Read more
Decrease in assets and liabilities...Read more
The sale resulted in a...Read more
In 2014, we also sold...Read more
On March 13, 2015, we...Read more
We realized net proceeds of...Read more
We realized net proceeds of...Read more
We realized net proceeds of...Read more
If our assessment of the...Read more
Development costs and construction in...Read more
Development costs and construction in...Read more
Development costs and construction in...Read more
Development costs and construction in...Read more
The net gain of $251,821,000...Read more
The net gain of $251,821,000...Read more
Calculations of same store EBITDA,...Read more
In addition, under Maryland law,...Read more
The fair value of each...Read more
These estimates may differ from...Read more
We face possible adverse changes...Read more
Increase in unrealized net gain...Read more
Increase in unrealized net gain...Read more
Increase in unrealized net gain...Read more
Increase in unrealized net gain...Read more
The amounts involved in connection...Read more
The amounts involved in connection...Read more
Income from real estate fund...Read more
Series D cumulative redeemable preferred...Read more
Series D cumulative redeemable preferred...Read more
The facility provides that the...Read more
As of December 31, 2016,...Read more
These increased tax costs could...Read more
Marshals Service of which 293...Read more
Identified intangible assets, net of...Read more
Identified Intangible Assets and Liabilities...Read more
Identified intangible assets, net of...Read more
Marketable securities transferred in connection...Read more
Marketable securities transferred in connection...Read more
Net gain on disposition of...Read more
Net gain on disposition of...Read more
Reduction in unrealized net gain...Read more
The tax gain of approximately...Read more
Net realized gain on exited...Read more
Previously recorded unrealized gain on...Read more
Net unrealized loss gain on...Read more
The tax gain of approximately...Read more
Net gain on disposition of...Read more
Reduction in unrealized net gain...Read more
Net gain on disposition of...Read more
Net realized/unrealized loss gain...Read more
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Net gain on disposition of...Read more
Net realized/unrealized loss gain...Read more
Net gain on disposition of...Read more
Net gain on disposition of...Read more
Net gain on disposition of...Read more
Net realized gain on exited...Read more
Previously recorded unrealized gain on...Read more
Net unrealized loss gain on...Read more
We realized a net tax...Read more
Net gain on disposition of...Read more
Net gain on disposition of...Read more
Net gain on disposition of...Read more
Net gain on disposition of...Read more
Net realized/unrealized loss gain...Read more
Net gain on disposition of...Read more
We have elected to treat...Read more
Plans to hold properties over...Read more
Plans to hold properties over...Read more
We maintain coverage for terrorism...Read more
We maintain coverage for terrorism...Read more
In addition, all of Vornados...Read more
Our properties, including any related...Read more
Our properties, including any related...Read more
We recognized $160,843,000 of income...Read more
Results primarily from the acceleration...Read more
EBITDA may not be comparable...Read more
EBITDA may not be comparable...Read more
EBITDA may not be comparable...Read more
FFO may not be comparable...Read more
In March 2016, the FASB...Read more
Our development project budgets below...Read more
These ratings are subject to...Read more
We are amortizing the basis...Read more
In addition, during 2017, Vornado...Read more
The ultimate realization of our...Read more
Same store EBITDA should not...Read more
Same store EBITDA should not...Read more
However, we cannot anticipate what...Read more
However, we cannot anticipate what...Read more
In our opinion, the Company...Read more
I n the year ended...Read more
Recurring capital expenditures include expenditures...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
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Vornado Realty Trust provided additional information to their SEC Filing as exhibits
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Ticker: VNO
CIK: 899689
Form Type: 10-K Annual Report
Accession Number: 0000899689-17-000004
Submitted to the SEC: Mon Feb 13 2017 4:19:12 PM EST
Accepted by the SEC: Mon Feb 13 2017
Period: Saturday, December 31, 2016
Industry: Real Estate Investment Trusts
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