View Filing Data

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2014 shares
Document and Entity Information [Abstract]
Entity Registrant Name	VORNADO REALTY TRUST
Entity Central Index Key	0000899689
Document Type	10-Q
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	187,411,596
Entity Well Known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Real estate, at cost:
Land	$ 4,058,317	$ 4,068,306
Buildings and improvements	12,477,661	12,475,556
Development costs and construction in progress	1,410,465	1,353,121
Leasehold improvements and equipment	133,699	132,483
Total	18,080,142	18,029,466
Less accumulated depreciation and amortization	(3,441,223)	(3,381,457)
Real estate, net	14,638,919	14,648,009
Cash and cash equivalents	1,156,727	583,290
Restricted cash	210,184	262,440
Marketable securities	205,042	191,917
Tenant and other receivables, net of allowance for doubtful accounts of $20,233 and $21,869	123,486	115,862
Real Estate Fund investments	682,002	667,710
Mortgage and mezzanine loans receivable, net of allowance of $5,824 and $5,845	42,749	170,972
Receivable arising from the straight-lining of rents, net of allowance of $3,979 and $4,355	830,381	817,357
Deferred leasing and financing costs, net of accumulated amortization of $277,257 and $264,451	437,056	411,927
Identified intangible assets, net of accumulated amortization of $290,214 and $277,998	299,759	311,963
Assets related to discontinued operations	207,575	314,622
Other assets	290,544	351,488
Assets	20,369,352	20,097,224
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgages payable	8,913,358	8,331,993
Senior unsecured notes	1,343,442	1,350,855
Revolving credit facility debt	88,138	295,870
Accounts payable and accrued expenses	457,858	422,276
Deferred revenue	514,605	529,048
Deferred compensation plan	121,970	116,515
Deferred tax liabilities	1,272	1,280
Liabilities related to discontinued operations	0	13,950
Other liabilities	378,551	437,073
Total liabilities	11,819,194	11,498,860
Commitments and contingencies
Redeemable noncontrolling interests:
Class A units - 11,564,839 and 11,292,038 units outstanding	1,139,831	1,002,620
Series D cumulative redeemable preferred unit - 1 unit outstanding	1,000	1,000
Total redeemable noncontrolling interests	1,140,831	1,003,620
Vornado shareholders' equity:
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 52,682,807 shares	1,277,225	1,277,225
Common shares of beneficial interest: $.04 par value per share; authorized, 250,000,000 shares; issued and outstanding 187,411,596 and 187,284,688 shares	7,474	7,469
Additional capital	7,017,611	7,143,840
Earnings less than distributions	(1,809,609)	(1,734,839)
Accumulated other comprehensive income	77,626	71,537
Total Vornado shareholders' equity	6,570,327	6,765,232
Noncontrolling interests in consolidated subsidiaries	839,000	829,512
Total equity	7,409,327	7,594,744
Total liabilities, redeemable noncontrolling interests and equity	20,369,352	20,097,224
Toys R Us [Member]
Real estate, at cost:
Investments in partially owned entities	75,932	83,224
All Equity Method Investees Excluding Toys [Member]
Real estate, at cost:
Investments in partially owned entities	$ 1,168,996	$ 1,166,443

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
ASSETS
Tenant and other receivables, allowance for doubtful accounts (in US dollars)	$ 20,233	$ 21,869
Mortgage and mezzanine loans receivable, allowance (in US dollars)	5,824	5,845
Receivable arising from the straight-lining of rents, allowance (in US dollars)	3,979	4,355
Deferred leasing and financing costs, accumulated amortization (in US dollars)	277,257	264,451
Identified intangible assets, accumulated amortization (in US dollars)	$ 290,214	$ 277,998
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Preferred shares of beneficial interest: authorized shares	110,000,000	110,000,000
Preferred shares of beneficial interest: issued shares	52,682,807	52,682,807
Preferred shares of beneficial interest: outstanding shares	52,682,807	52,682,807
Common shares of beneficial interest: par value per share (in dollars per share)	$ 0.04	$ 0.04
Common shares of beneficial interest: authorized shares	250,000,000	250,000,000
Common shares of beneficial interest: issued shares	187,411,596	187,284,688
Common shares of beneficial interest: outstanding shares	187,411,596	187,284,688
Common Class A [Member]
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties	11,564,839	11,292,038
Cumulative Redeemable Preferred Unit [Member]
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties	1	1

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
REVENUES:
Property rentals	$ 528,100	$ 533,793
Tenant expense reimbursements	86,590	75,964
Cleveland Medical Mart development project	0	12,143
Fee and other income	45,928	96,813
Total revenues	660,618	718,713
EXPENSES:
Operating	273,391	265,747
Depreciation and amortization	147,651	139,317
General and administrative	52,158	51,380
Cleveland Medical Mart development project	0	11,374
Impairment losses and acquisition related costs	21,784	601
Total expenses	494,984	468,419
Operating income	165,634	250,294
Income from partially owned entities	1,979	22,525
Income from Real Estate Fund	18,148	16,564
Interest and other investment income (loss), net	11,893	(49,075)
Interest and debt expense	(109,442)	(120,346)
Net gain (loss) on disposition of wholly owned and partially owned assets	9,635	(36,724)
Income before income taxes	97,847	83,238
Income tax expense	(1,582)	(1,073)
Income from continuing operations	96,265	82,165
Income from discontinued operations	1,891	206,762
Net income	98,156	288,927
Less net income attributable to noncontrolling interests in:
Consolidated subsidiaries	(11,579)	(11,286)
Operating Partnership	(3,848)	(13,933)
Preferred unit distributions of the Operating Partnership	(12)	(786)
Net income attributable to Vornado	82,717	262,922
Preferred share dividends	(20,368)	(21,702)
Preferred share redemptions	0	(9,230)
NET INCOME attributable to common shareholders	$ 62,349	$ 231,990
INCOME PER COMMON SHARE - BASIC:
Income from continuing operations, net (in dollars per share)	$ 0.32	$ 0.20
Income from discontinued operations, net (in dollars per share)	0.01	1.04
Net income per common share (in dollars per share)	$ 0.33	$ 1.24
Weighted average shares outstanding	187,307	186,752
INCOME PER COMMON SHARE - DILUTED:
Income from continuing operations, net (in dollars per share)	$ 0.32	$ 0.20
Income from discontinued operations, net (in dollars per share)	0.01	1.04
Net income per common share (in dollars per share)	$ 0.33	$ 1.24
Weighted average shares outstanding	188,240	187,529
DIVIDENDS PER COMMON SHARE (in dollars per share)	$ 0.73	$ 0.73
Toys R Us [Member]
EXPENSES:
Income from partially owned entities	$ 1,847	$ 1,759
All Equity Method Investees Excluding Toys [Member]
EXPENSES:
Income from partially owned entities	$ 132	$ 20,766

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net income	$ 98,156	$ 288,927
Other comprehensive income:
Change in unrealized net gain on available-for-sale securities	13,125	148,789
Pro rata share of other comprehensive loss of nonconsolidated subsidiaries	(8,286)	(3,647)
Change in value of interest rate swap	1,610	2,523
Other	1	533
Comprehensive income	104,606	437,125
Amounts reclassified from accumulated other comprehensive income:
Less comprehensive income attributable to noncontrolling interests	(15,800)	(34,304)
Comprehensive income attributable to Vornado	$ 88,806	$ 402,821

Consolidated Statements of Changes in Equity - USD ($) shares in Thousands, $ in Thousands	Total	Real Estate Fund [Member]	All Other Except Real Estate Fund [Member]	Preferred Shares	Common Shares	Additional Capital	Earnings Less Than Distributions	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interests in Consolidated Subsidiaries	Non-controlling Interests in Consolidated Subsidiaries Real Estate Fund [Member]	Non-controlling Interests in Consolidated Subsidiaries All Other Except Real Estate Fund [Member]
Beginning balance, Shares at Dec. 31, 2012				51,185	186,735
Beginning balance, Value at Dec. 31, 2012	$ 7,904,144			$ 1,240,278	$ 7,440	$ 7,195,438	$ (1,573,275)	$ (18,946)	$ 1,053,209
Net income attributable to Vornado	262,922						262,922	0	0
Net income attributable to noncontrolling interests in consolidated subsidiaries	11,286	$ 9,540							11,286
Dividends on common shares, Value	(136,342)						(136,342)
Dividends on preferred shares, Value	(21,702)						(21,702)
Issuance of Series L preferred shares, Shares				12,000
Issuance of Series L preferred shares, Value	290,710			$ 290,710
Redemption of Series F and Series H preferred shares, Shares				(10,500)
Redemption of Series F and Series H preferred shares, Value	(253,269)			$ (253,269)
Common shares issued:
Upon redemption of Class A units, at redemption value, Shares					162
Upon redemption of Class A units, at redemption value, Value	13,404				$ 5	13,399
Under employees' share option plan, Shares					27
Under employees' share option plan, Value	1,176				$ 1	1,175	0
Under dividend reinvestment plan, Shares					5
Under dividend reinvestment plan, Value	433				$ 0	433
Contributions:
Contributions		10,251	$ 14,316							$ 10,251	$ 14,316
Distribution:
Distributions		(43,145)	(120,051)							(43,145)	(120,051)
Deferred compensation shares and options, Shares					6
Deferred compensation shares and options, Value	2,208				$ 1	2,512	(305)
Change in unrealized net gain on available-for-sale securities	148,789							148,789
Pro rata share of other comprehensive loss of nonconsolidated subsidiaries	(3,647)							(3,647)
Change in value of interest rate swap	2,523							2,523
Adjustments to carry redeemable Class A units at redemption value	(44,998)					(44,998)
Redeemable noncontrolling interests' share of above adjustments	(8,299)							(8,299)
Preferred unit and share redemptions	(9,230)						(9,230)
Other	(869)						(1,364)	533	(38)
Ending balance, Shares at Mar. 31, 2013				52,685	186,935
Ending balance, Value at Mar. 31, 2013	8,020,610			$ 1,277,719	$ 7,447	7,167,959	(1,479,296)	120,953	925,828
Beginning balance, Shares at Dec. 31, 2013				52,683	187,285
Beginning balance, Value at Dec. 31, 2013	7,594,744			$ 1,277,225	$ 7,469	7,143,840	(1,734,839)	71,537	829,512
Net income attributable to Vornado	82,717						82,717	0	0
Net income attributable to noncontrolling interests in consolidated subsidiaries	11,579	10,849							11,579
Dividends on common shares, Value	(136,761)						(136,761)
Dividends on preferred shares, Value	(20,368)						(20,368)
Common shares issued:
Upon redemption of Class A units, at redemption value, Shares					55
Upon redemption of Class A units, at redemption value, Value	5,156				$ 2	5,154
Under employees' share option plan, Shares					60
Under employees' share option plan, Value	3,230				$ 2	3,228
Under dividend reinvestment plan, Shares					5
Under dividend reinvestment plan, Value	446					446
Distribution:
Distributions		$ (1,950)	$ (142)							$ (1,950)	$ (142)
Deferred compensation shares and options, Shares					7
Deferred compensation shares and options, Value	1,779				$ 1	2,118	(340)
Change in unrealized net gain on available-for-sale securities	13,125							13,125
Pro rata share of other comprehensive loss of nonconsolidated subsidiaries	(8,286)							(8,286)
Change in value of interest rate swap	1,610							1,610
Adjustments to carry redeemable Class A units at redemption value	(136,937)					(136,937)
Redeemable noncontrolling interests' share of above adjustments	(361)							(361)
Preferred unit and share redemptions	0
Other	(254)					(238)	(18)	1	1
Ending balance, Shares at Mar. 31, 2014				52,683	187,412
Ending balance, Value at Mar. 31, 2014	$ 7,409,327			$ 1,277,225	$ 7,474	$ 7,017,611	$ (1,809,609)	$ 77,626	$ 839,000

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash Flows from Operating Activities:
Net income	$ 98,156	$ 288,927
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	153,869	148,918
Impairment losses	20,842	1,514
Net unrealized gain on Real Estate Fund investments	(14,169)	(13,516)
Straight-lining of rental income	(13,236)	(18,868)
Distributions of income from partially owned entities	12,966	10,627
Amortization of below-market leases, net	(12,144)	(16,815)
Other non-cash adjustments	11,885	18,569
Net (gain) loss on disposition of wholly owned and partially owned assets	(9,635)	36,724
Equity in net income of partially owned entities, including Toys R Us	(1,979)	(22,525)
Net gains on sale of real estate	0	(202,329)
Return of capital from Real Estate Fund investments	0	56,664
Non-cash impairment loss on J.C. Penney common shares	0	39,487
Loss from the mark-to-market of J.C. Penney derivative position	0	22,540
Changes in operating assets and liabilities:
Real Estate Fund investments	(123)	(13,668)
Accounts receivable, net	(7,624)	51,514
Prepaid assets	53,841	67,814
Other assets	(18,297)	(15,326)
Accounts payable and accrued expenses	31,554	(21,908)
Other liabilities	3,225	(3,416)
Net cash provided by operating activities	309,131	414,927
Cash Flows from Investing Activities:
Proceeds from sales of real estate and related investments	120,270	499,369
Development costs and construction in progress	(90,653)	(35,334)
Proceeds from repayments of mortgage and mezzanine loans receivable and other	69,347	631
Additions to real estate	(53,103)	(57,460)
Restricted cash	52,256	14,149
Investments in partially owned entities	(16,633)	(39,892)
Distributions of capital from partially owned entities	1,277	5,544
Funding of J.C. Penney derivative collateral	0	(58,522)
Proceeds from sales of marketable securities	0	160,300
Return of J.C. Penney derivative collateral	0	38,900
Net cash provided by investing activities	82,761	527,685
Cash Flows from Financing Activities:
Proceeds from borrowings	600,000	1,499,375
Repayments of borrowings	(233,198)	(2,529,836)
Dividends paid on common shares	(136,761)	(136,342)
Debt issuance and other costs	(20,752)	(9,080)
Dividends paid on preferred shares	(20,368)	(23,161)
Distributions to noncontrolling interests	(10,474)	(172,142)
Proceeds received from exercise of employee share options	3,676	1,609
Repurchase of shares related to stock compensation agreements and/or related tax withholdings	(578)	(307)
Proceeds from the issuance of preferred shares	0	290,710
Purchases of outstanding preferred units and shares	0	(262,500)
Contributions from noncontrolling interests	0	24,566
Net cash provided by (used in) financing activities	181,545	(1,317,108)
Net increase (decrease) in cash and cash equivalents	573,437	(374,496)
Cash and cash equivalents at beginning of period	583,290	960,319
Cash and cash equivalents at end of period	1,156,727	585,823
Supplemental Disclosure Of Cash Flow Information:
Cash payments for interest, excluding capitalized interest of $13,622 and $8,260	100,209	116,141
Cash payments for income taxes	1,214	1,825
Non-cash Investing and Financing Activities:
Elimination of a mortgage and mezzanine loan asset and liability	59,375	0
Toys R Us [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in net income of partially owned entities, including Toys R Us	(1,847)	(1,759)
All Equity Method Investees Excluding Toys [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in net income of partially owned entities, including Toys R Us	$ (132)	$ (20,766)

Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Cash Flows [Abstract]
Cash paid for capitalized interest	$ 13,622	$ 8,260

Organization

3 Months Ended

Mar. 31, 2014

Organization and Business [Abstract]

Organization

1. Organization

Vornado Realty Trust (“Vornado”) is a fully-integrated real estate investment trust (“REIT”) and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a Delaware limited partnership (the “Operating Partnership”). Vornado is the sole general partner of, and owned approximately 93.9% of the common limited partnership interest in the Operating Partnership at March 31, 2014. All references to “we,” “us,” “our,” the “Company” and “Vornado” refer to Vornado Realty Trust and its consolidated subsidiaries, including the Operating Partnership.

On April 11, 2014, we announced a plan to spin off our shopping center business consisting of 81 strip shopping centers and four malls into a new publicly traded REIT (“SpinCo”). The spin-off is expected to be effectuated through a 1:2 distribution of SpinCo's shares to Vornado common shareholders and Vornado Realty L.P. common unitholders, and is intended to be treated as tax-free for U.S. federal income tax purposes. We intend to file the initial registration statement on Form 10 with the Securities and Exchange Commission (“SEC”) by the end of the second quarter of 2014 and expect the spin-off to be completed by the end of 2014. The transaction is subject to certain conditions, including the SEC declaring that SpinCo's registration statement is effective, filing and approval of SpinCo's listing application, receipt of third party consents, and formal approval and declaration of the distribution by Vornado's Board of Trustees. Vornado may, at any time and for any reason until the proposed transaction is complete, abandon the separation or modify or change its terms.

Vornado will retain, for disposition in the near term, 20 small retail assets which do not fit SpinCo's strategy, and the Beverly Connection and Springfield Town Center, both of which are under contract for disposition (see Note 8 – Dispositions).

Basis of Presentation

3 Months Ended

Mar. 31, 2014

Basis of Presentation and Significant Accounting Policies [Abstract]

Basis Of Presentation

2. Basis of Presentation

The accompanying consolidated financial statements are unaudited and include the accounts of Vornado and its consolidated subsidiaries, including the Operating Partnership. All intercompany amounts have been eliminated. In our opinion, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and changes in cash flows have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. These condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the SEC and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K, as amended, for the year ended December 31, 2013, as filed with the SEC.

We have made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the operating results for the full year. Certain prior year balances have been reclassified in order to conform to current year presentation.

Recently Issued Accounting Literature

3 Months Ended

Mar. 31, 2014

Recently Issued Accounting Literature [Abstract]

Recently Issued Accounting Literature

3. Recently Issued Accounting Literature

In June 2013, the FASB issued an update (“ASU 2013-08”) to ASC Topic 946, Financial Services - Investment Companies (“Topic 946”). ASU 2013-08 amends the guidance in Topic 946 for determining whether an entity qualifies as an investment company and requires certain additional disclosures. ASU 2013-08 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2013. The adoption of this update as of January 1, 2014, did not have any impact on our real estate fund and our consolidated financial statements.

3. Recently Issued Accounting Literature – continued

In April 2014, the FASB issued an update (“ASU 2014-08”) Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity to ASC Topic 205, Presentation of Financial Statements and ASC Topic 360, Property Plant and Equipment. Under ASU 2014-08, only disposals that represent a strategic shift that has (or will have) a major effect on the entity's results and operations would qualify as discontinued operations. In addition, the ASU expands the disclosure requirements for disposals that meet the definition of a discontinued operation and requires entities to disclose information about disposals of individually significant components that do not meet the definition of discontinued operations. ASU 2014-08 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2014. We are currently evaluating the impact of ASU 2014-08 on our consolidated financial statements.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

+ Details

Vornado Capital Partners Real Estate Fund (the "Fund")

3 Months Ended

Mar. 31, 2014

Real Estate Fund [Abstract]

Vornado Capital Partners Real Estate Fund (the "Fund")

4. Vornado Capital Partners Real Estate Fund (the “Fund”)

We are the general partner and investment manager of the Fund. The Fund is accounted for under the AICPA Investment Company Guide and its investments are reported on its balance sheet at fair value, with changes in value each period recognized in earnings. We consolidate the accounts of the Fund into our consolidated financial statements, retaining the fair value basis of accounting.

At March 31, 2014, the Fund had nine investments with an aggregate fair value of $682,002,000, or $167,582,000 in excess of cost, and had remaining unfunded commitments of $149,186,000, of which our share was $37,297,000. Below is a summary of income from the Fund for the three months ended March 31, 2014 and 2013.

		For the Three Months
(Amounts in thousands)		Ended March 31,
		2014		2013
Net investment income		$	3,979	$	3,048
Net unrealized gains			14,169		13,516
Income from Real Estate Fund			18,148		16,564
Less (income) attributable to noncontrolling interests			(10,849)		(9,540)
Income from Real Estate Fund attributable to Vornado ⁽¹⁾		$	7,299	$	7,024
___________________________________
___________________________________
(1)	Excludes management, leasing and development fees of $704 and $849 for the three months ended March 31, 2014 and 2013, respectively, which are included as a component of "fee and other income" on our consolidated statements of income.

Marketable Securities and Derivative Instruments

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Marketable Securities [Abstract]

Marketable Securities and Derivative Instruments

5. Marketable Securities and Derivative Instruments

Below is a summary of our marketable securities portfolio as of March 31, 2014 and December 31, 2013.

(Amounts in thousands)		As of March 31, 2014						As of December 31, 2013
				GAAP		Unrealized				GAAP		Unrealized
		Fair Value		Cost		Gain		Fair Value		Cost		Gain
Equity securities:
	Lexington	$	201,496	$	72,549	$	128,947	$	188,567	$	72,549	$	116,018
	Other		3,546		59		3,487		3,350		59		3,291
		$	205,042	$	72,608	$	132,434	$	191,917	$	72,608	$	119,309

On March 4, 2013, we sold 10,000,000 J.C. Penney common shares at a price of $16.03 per share, or $160,300,000 in the aggregate, resulting in a net loss of $36,800,000, which is included in “net gain (loss) on disposition of wholly owned and partially owned assets” on our consolidated statements of income.

Mortgage and Mezzanine Loans Receivable

3 Months Ended

Mar. 31, 2014

Mezzanine Loans Receivable [Abstract]

Mortgage and Mezzanine Loans Receivable

6. Mortgage and Mezzanine Loans Receivable

In October 2012, we acquired a 25.0% participation in a mortgage and mezzanine loan on 701 Seventh Avenue. In March 2013, we transferred at par, the 25.0% participation in the mortgage loan to a third party, for $59,375,000 in cash. The transfer did not qualify for sale accounting given our continuing interest in the mezzanine loan. Accordingly, we continued to include the 25.0% participation in the mortgage loan in “mortgage and mezzanine loans receivable” and recorded a $59,375,000 liability in “other liabilities” on our consolidated balance sheet. In January 2014, the mortgage and mezzanine loans were repaid; accordingly, the $59,375,000 asset and liability were eliminated.

In March 2014, a $30,000,000 mezzanine loan that was scheduled to mature in January 2015 was repaid.

As of March 31, 2014 and December 31, 2013, the carrying amount of mortgage and mezzanine loans receivable was $42,749,000 and $170,972,000, respectively. These loans have a weighted average interest rate of 8.7% and 11.0% at March 31, 2014 and December 31, 2013, respectively, and have maturities ranging from November 2014 to May 2016.

Investments in Partially Owned Entities

3 Months Ended

Mar. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Investments in Partially Owned Entities

7. Investments in Partially Owned Entities

Toys “R” Us (“Toys”)

As of March 31, 2014, we own 32.6% of Toys. We account for our investment in Toys under the equity method and record our share of Toys' net income or loss on a one-quarter lag basis because Toys' fiscal year ends on the Saturday nearest January 31, and our fiscal year ends on December 31. The business of Toys is highly seasonal and substantially all of Toys' net income is generated in its fourth quarter.

In the fourth quarter of 2013, we wrote down our investment in Toys to its estimated fair value and disclosed that to the extent the fair value of our investment did not change, we would recognize a non-cash impairment loss equal to our share of Toys' fourth quarter net earnings in our first quarter of 2014.

In the first quarter of 2014, we recognized (i) $1,847,000 of income applicable to Toys, representing management fees earned and received, and (ii) our share of the equity in earnings of Toys' fourth quarter totaling $75,196,000 and a corresponding non-cash impairment loss of the same amount.

Below is a summary of Toys' latest available financial information on a purchase accounting basis:

(Amounts in thousands)			Balance as of
Balance Sheet:			February 1, 2014		November 2, 2013
	Assets		$	10,400,000	$	11,756,000
	Liabilities			9,018,000		10,437,000
	Noncontrolling interests			78,000		75,000
	Toys “R” Us, Inc. equity⁽¹⁾			1,304,000		1,244,000

			For the Three Months Ended
Income Statement:			February 1, 2014		February 2, 2013
	Total revenues		$	5,267,000	$	5,770,000
	Net income attributable to Toys			82,500		241,000


(1)		At March 31, 2014, the carrying amount of our investment in Toys is less than our share of Toys' equity by approximately $349,759. This basis difference results primarily from non-cash impairment losses aggregating $355,953 that we have recognized through March 31, 2014. We have allocated the basis difference primarily to Toys' real estate, which is being amortized over its remaining estimated useful life.

7. Investments in Partially Owned Entities – continued

Alexander's, Inc. (“Alexander's”) (NYSE: ALX)

As of March 31, 2014, we own 1,654,068 Alexander's common shares, or approximately 32.4% of Alexander's common equity. We manage, lease and develop Alexander's properties pursuant to agreements which expire in March of each year and are automatically renewable. As of March 31, 2014, we have a $42,492,000 receivable from Alexander's for fees under these agreements.

As of March 31, 2014, the market value (“fair value” pursuant to ASC 820) of our investment in Alexander's, based on Alexander's March 31, 2014 closing share price of $360.99, was $597,102,000, or $429,978,000 in excess of the carrying amount on our consolidated balance sheet. As of March 31, 2014, the carrying amount of our investment in Alexander's, excluding amounts owed to us, exceeds our share of the equity in the net assets of Alexander's by approximately $41,873,000. The majority of this basis difference resulted from the excess of our purchase price for the Alexander's common stock acquired over the book value of Alexander's net assets. Substantially all of this basis difference was allocated, based on our estimates of the fair values of Alexander's assets and liabilities, to real estate (land and buildings). We are amortizing the basis difference related to the buildings into earnings as additional depreciation expense over their estimated useful lives. This depreciation is not material to our share of equity in Alexander's net income. The basis difference related to the land will be recognized upon disposition of our investment.

Below is a summary of Alexander's latest available financial information:

(Amounts in thousands)		Balance as of
Balance Sheet:		March 31, 2014		December 31, 2013
	Assets	$	1,452,000	$	1,458,000
	Liabilities		1,118,000		1,124,000
	Stockholders' equity		334,000		334,000

		For the Three Months Ended March 31,
Income Statement:		2014		2013
	Total revenues	$	49,000	$	49,000
	Net income attributable to Alexander’s		15,000		14,000

LNR Property LLC (“LNR”)

In January 2013, we and the other equity holders of LNR entered into a definitive agreement to sell LNR for $1.053 billion, of which our share of the net proceeds was $240,474,000. The definitive agreement provided that LNR would not (i) make any cash distributions to the equity holders, including us, through the completion of the sale, which occurred on April 19, 2013, and (ii) take any of the following actions (among others) without the purchaser's approval, the lending or advancing of any money, the acquisition of assets in excess of specified amounts, or the issuance of equity interests. Notwithstanding the terms of the definitive agreement, in accordance with GAAP, we recorded our pro rata share of LNR's earnings on a one-quarter lag basis through the date of sale, which increased the carrying amount of our investment in LNR above our share of the net sales proceeds and resulted in us recognizing a $27,231,000 “other-than-temporary” impairment loss on our investment in the three months ended March 31, 2013.

7. Investments in Partially Owned Entities – continued

Below are schedules summarizing our investments in, and income from, partially owned entities.

			Percentage
(Amounts in thousands)			Ownership at		Balance as of
Investments:			March 31, 2014		March 31, 2014		December 31, 2013
	Toys ($80,062 in each period, excluding our share of
		Toys' other comprehensive loss/income)		32.6%	$	75,932	$	83,224

	Alexander’s			32.4%	$	167,124	$	167,785
	India real estate ventures			4.1%-36.5%		88,563		88,467
	Partially owned office buildings⁽¹⁾			Various		628,881		621,294
	Other investments⁽²⁾			Various		284,428		288,897
					$	1,168,996	$	1,166,443


(1)		Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others.
(2)		Includes interests in Independence Plaza, Monmouth Mall, 85 10th Avenue, Fashion Center Mall, 50-70 West 93rd Street and others.

				Percentage		For the Three Months
(Amounts in thousands)				Ownership at		Ended March 31,
Our Share of Net Income (Loss):				March 31, 2014		2014		2013
	Toys:				32.6%
		Equity in net earnings				$	75,196	$	78,542
		Non-cash impairment losses					(75,196)		(78,542)
		Management fees					1,847		1,759
						$	1,847	$	1,759

	Alexander's:				32.4%
		Equity in net income				$	4,759	$	4,589
		Management, leasing and development fees					1,626		1,487
							6,385		6,076

	India real estate ventures				4.1%-36.5%		(137)		(767)

	Partially owned office buildings⁽¹⁾				Various		(2,395)		(582)

	Other investments⁽²⁾				Various		(3,721)		(1,713)

	Lexington⁽³⁾				n/a		-		(979)

	LNR (see page 13 for details):				n/a
		Equity in net income					-		45,962
		Impairment loss					-		(27,231)
							-		18,731

						$	132	$	20,766


(1)			Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others.
(2)			Includes interests in Independence Plaza, Monmouth Mall, 85 10th Avenue, Fashion Center Mall, 50-70 West 93rd Street and others.
(3)			In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale. The 2013 amount represents our share of Lexington's 2012 fourth quarter earnings which was recorded on a one-quarter lag basis.

7. Investments in Partially Owned Entities – continued

Below is a summary of the debt of our partially owned entities as of March 31, 2014 and December 31, 2013, none of which is recourse to us.

			Percentage		Interest	100% of
			Ownership at		Rate at	Partially Owned Entities’ Debt at
(Amounts in thousands)			March 31,		March 31,	March 31,		December 31,
			2014	Maturity	2014	2014		2013
Toys:
	Notes, loans and mortgages payable		32.6%	2014-2021	7.14%	$	4,977,482	$	5,702,247

Alexander's:
	Mortgages payable		32.4%	2015-2021	2.59%	$	1,035,022	$	1,049,959

India Real Estate Ventures:
	TCG Urban Infrastructure Holdings mortgages
		payable	25.0%	2014-2022	13.23%	$	202,496	$	199,021

Partially owned office buildings⁽¹⁾:			Various	2014-2023	5.74%	$	3,632,588	$	3,622,759

Other⁽²⁾:			Various	2014-2023	4.56%	$	1,705,703	$	1,709,509


(1)		Includes 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others.
(2)		Includes Independence Plaza, Monmouth Mall, Fashion Center Mall, 50-70 West 93rd Street and others.

Based on our ownership interest in the partially owned entities above, our pro rata share of the debt of these partially owned entities was $3,953,375,000 and $4,189,403,000 at March 31, 2014 and December 31, 2013, respectively.

Dispositions

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Dispositions

8. Dispositions

Discontinued Operations

On February 24, 2014, we completed the sale of Broadway Mall in Hicksville, Long Island, New York, for $94,000,000. The sale resulted in net proceeds of $92,174,000 after closing costs.

On March 17, 2014, we entered into an agreement to sell Beverly Connection, a 335,000 square foot power shopping center in Los Angeles, California, for $260,000,000. The property is unencumbered. The sale will result in a net gain of approximately $40,000,000. The sale, which is subject to customary closing conditions, is expected to be completed in the third quarter of 2014.

We have reclassified the revenues and expenses of the properties discussed above to “income from discontinued operations” and the related assets and liabilities to “assets related to discontinued operations” and “liabilities related to discontinued operations” for all of the periods presented in the accompanying consolidated financial statements. The net gains resulting from the sale of these properties are included in “income from discontinued operations” on our consolidated statements of income. The tables below set forth the assets and liabilities related to discontinued operations at March 31, 2014 and December 31, 2013 and their combined results of operations for the three months ended March 31, 2014 and 2013.

	Assets Related to				Liabilities Related to
(Amounts in thousands)	Discontinued Operations as of				Discontinued Operations as of
	March 31,		December 31,		March 31,		December 31,
	2014		2013		2014		2013
Beverly Connection	$	207,575	$	208,458	$	-	$	-
Broadway Mall		-		106,164		-		13,950
Total	$	207,575	$	314,622	$	-	$	13,950

					For the Three Months
(Amounts in thousands)					Ended March 31,
					2014		2013
Total revenues					$	8,283	$	25,990
Total expenses						5,550		20,043
						2,733		5,947
Impairment losses						(842)		(1,514)
Net gain on sale of Green Acres Mall						-		202,275
Net gain on sale of other real estate						-		54
Income from discontinued operations					$	1,891	$	206,762

Other

On March 2, 2014, we entered into an agreement to transfer upon completion, the redeveloped Springfield Town Center, a 1,350,000 square foot mall located in Springfield, Fairfax County, Virginia, to Pennsylvania Real Estate Investment Trust (NYSE: PEI) (“PREIT”) in exchange for $465,000,000 comprised of $340,000,000 of cash and $125,000,000 of PREIT operating partnership units. In connection therewith, we recorded a non-cash impairment loss of $20,000,000 in the first quarter of 2014, which is included in “impairment losses and acquisition related costs” on our consolidated statements of income. The redevelopment is expected to be completed in the fourth quarter of 2014. The closing will be no later than March 31, 2015.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230

+ Details

Identified Intangible Assets and Liabilities

3 Months Ended

Mar. 31, 2014

Identified Intangible Assets and Liabilities [Abstract]

Identified Intangible Assets and Liabilities

9. Identified Intangible Assets and Liabilities

The following summarizes our identified intangible assets (primarily acquired in-place and above-market leases) and liabilities (primarily acquired below-market leases) as of March 31, 2014 and December 31, 2013.

	Balance as of
	March 31,		December 31,
(Amounts in thousands)	2014		2013
Identified intangible assets:
Gross amount	$	589,973	$	589,961
Accumulated amortization		(290,214)		(277,998)
Net	$	299,759	$	311,963
Identified intangible liabilities (included in deferred revenue):
Gross amount	$	850,765	$	856,933
Accumulated amortization		(367,972)		(360,398)
Net	$	482,793	$	496,535

Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental income of $11,682,000 and $16,177,000 for the three months ended March 31, 2014 and 2013, respectively. Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years commencing January 1, 2015 is as follows:

(Amounts in thousands)
2015	$	39,972
2016		38,631
2017		34,929
2018		33,309
2019		30,072

Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $9,325,000 and $25,213,000 for the three months ended March 31, 2014 and 2013, respectively. Estimated annual amortization of all other identified intangible assets including acquired in-place leases, customer relationships, and third party contracts for each of the five succeeding years commencing January 1, 2015 is as follows:

(Amounts in thousands)
2015	$	23,254
2016		20,237
2017		16,821
2018		12,441
2019		11,535

We are a tenant under ground leases for certain properties. Amortization of these acquired below-market leases, net of above-market leases resulted in an increase to rent expense of $858,000 and $1,102,000 for the three months ended March 31, 2014 and 2013, respectively. Estimated annual amortization of these below-market leases, net of above-market leases for each of the five succeeding years commencing January 1, 2015 is as follows:

(Amounts in thousands)
2015	$	3,430
2016		3,430
2017		3,430
2018		3,430
2019		3,430

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Debt

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Debt

10. Debt

On January 31, 2014, we completed a $600,000,000 loan secured by our 220 Central Park South development site. The loan bears interest at LIBOR plus 2.75% (2.90% at March 31, 2014) and matures in January 2016, with three one-year extension options.

On April 16, 2014, we completed a $350,000,000 refinancing of 909 Third Avenue, a 1.3 million square foot Manhattan office building. The seven-year interest only loan bears interest at 3.91% and matures in May 2021. We realized net proceeds of approximately $145,000,000 after repaying the existing 5.64%, $193,000,000 mortgage, defeasance costs and other closing costs.

The following is a summary of our debt:

		Interest Rate at			Balance at
(Amounts in thousands)		March 31, 2014			March 31, 2014		December 31, 2013
Mortgages Payable:
	Fixed rate		4.56%	$	7,546,030	$	7,563,133
	Variable rate		2.55%		1,367,328		768,860
			4.25%	$	8,913,358	$	8,331,993

Unsecured Debt:
	Senior unsecured notes		5.67%	$	1,343,442	$	1,350,855
	Revolving credit facility debt		1.31%		88,138		295,870
			5.41%	$	1,431,580	$	1,646,725

Redeemable Noncontrolling Interests

3 Months Ended

Mar. 31, 2014

Redeemable Noncontrolling Interests [Abstract]

Redeemable Noncontrolling Interests

11. Redeemable Noncontrolling Interests

Redeemable noncontrolling interests on our consolidated balance sheets are comprised primarily of Class A Operating Partnership units that are held by third parties, and are recorded at the greater of their carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to “additional capital” in our consolidated statements of changes in equity. Below is a table summarizing the activity of redeemable noncontrolling interests.

(Amounts in thousands)
Balance at December 31, 2012	$	944,152
Net income		14,719
Other comprehensive income		8,299
Distributions		(8,946)
Redemption of Class A units for common shares, at redemption value		(13,404)
Adjustments to carry redeemable Class A units at redemption value		44,998
Other, net		5,264
Balance at March 31, 2013	$	995,082

Balance at December 31, 2013	$	1,003,620
Net income		3,860
Other comprehensive income		361
Distributions		(8,383)
Redemption of Class A units for common shares, at redemption value		(5,156)
Adjustments to carry redeemable Class A units at redemption value		136,937
Other, net		9,592
Balance at March 31, 2014	$	1,140,831

As of March 31, 2014 and December 31, 2013, the aggregate redemption value of redeemable Class A units was $1,139,831,000 and $1,002,620,000, respectively.

Redeemable noncontrolling interests exclude our Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units, as they are accounted for as liabilities in accordance with ASC 480, Distinguishing Liabilities and Equity, because of their possible settlement by issuing a variable number of Vornado common shares. Accordingly, the fair value of these units is included as a component of “other liabilities” on our consolidated balance sheets and aggregated $55,097,000 as of March 31, 2014 and December 31, 2013.

Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2014

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income Disclosure

12. Accumulated Other Comprehensive Income

The following tables set forth the changes in accumulated other comprehensive income (loss) by component.

		For the Three Months Ended March 31, 2013
				Securities		Pro rata share of		Interest
				available-		nonconsolidated		rate
(Amounts in thousands)		Total		for-sale		subsidiaries' OCI		swap		Other
Balance as of December 31, 2012		$	(18,946)	$	19,432	$	11,313	$	(50,065)	$	374
	OCI before reclassifications		139,899		148,789		(3,647)		2,523		(7,766)
	Amounts reclassified from AOCI		-		-		-		-		-
Net current period OCI			139,899		148,789		(3,647)		2,523		(7,766)
Balance as of March 31, 2013		$	120,953	$	168,221	$	7,666	$	(47,542)	$	(7,392)


		For the Three Months Ended March 31, 2014
				Securities		Pro rata share of		Interest
				available-		nonconsolidated		rate
(Amounts in thousands)		Total		for-sale		subsidiaries' OCI		swap		Other
Balance as of December 31, 2013		$	71,537	$	119,309	$	(11,501)	$	(31,882)	$	(4,389)
	OCI before reclassifications		6,089		13,125		(8,286)		1,610		(360)
	Amounts reclassified from AOCI		-		-		-		-		-
Net current period OCI			6,089		13,125		(8,286)		1,610		(360)
Balance as of March 31, 2014		$	77,626	$	132,434	$	(19,787)	$	(30,272)	$	(4,749)

Variable Interest Entities

3 Months Ended

Mar. 31, 2014

Variable Interest Entities [Abstract]

Variable Interest Entities (VIEs)

13. Variable Interest Entities (“VIEs”)

We do not have any consolidated VIEs. At March 31, 2014 and December 31, 2013, we have unconsolidated VIEs comprised of our investments in the entities that own the Warner Building and Independence Plaza. We do not consolidate these entities because we are not the primary beneficiary and the nature of our involvement in the activities of these entities does not give us power over decisions that significantly affect these entities' economic performance. We account for our investment in these entities under the equity method. As of March 31, 2014 and December 31, 2013, the net carrying amount of our investment in these entities was $148,120,000, and $152,929,000, respectively, and our maximum exposure to loss in these entities is limited to our investment.

Fair Value Measurements

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

14. Fair Value Measurements

ASC 820, Fair Value Measurement and Disclosures defines fair value and establishes a framework for measuring fair value. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 – quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 – observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 – unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets.

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Financial assets and liabilities that are measured at fair value on our consolidated balance sheets consist of (i) marketable securities, (ii) Real Estate Fund investments, (iii) the assets in our deferred compensation plan (for which there is a corresponding liability on our consolidated balance sheet), (iv) interest rate swaps and (v) mandatorily redeemable instruments (Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units). The tables below aggregate the fair values of these financial assets and liabilities by their levels in the fair value hierarchy at March 31, 2014 and December 31, 2013, respectively.

		As of March 31, 2014
(Amounts in thousands)		Total		Level 1		Level 2		Level 3
Marketable securities		$	205,042	$	205,042	$	-	$	-
Real Estate Fund investments (75% of which is attributable to
	noncontrolling interests)		682,002		-		-		682,002
Deferred compensation plan assets (included in other assets)			121,970		54,343		-		67,627
	Total assets	$	1,009,014	$	259,385	$	-	$	749,629

Mandatorily redeemable instruments (included in other liabilities)		$	55,097	$	55,097	$	-	$	-
Interest rate swap (included in other liabilities)			30,272		-		30,272		-
	Total liabilities	$	85,369	$	55,097	$	30,272	$	-


		As of December 31, 2013
(Amounts in thousands)		Total		Level 1		Level 2		Level 3
Marketable securities		$	191,917	$	191,917	$	-	$	-
Real Estate Fund investments (75% of which is attributable to
	noncontrolling interests)		667,710		-		-		667,710
Deferred compensation plan assets (included in other assets)			116,515		47,733		-		68,782
	Total assets	$	976,142	$	239,650	$	-	$	736,492

Mandatorily redeemable instruments (included in other liabilities)		$	55,097	$	55,097	$	-	$	-
Interest rate swap (included in other liabilities)			31,882		-		31,882		-
	Total liabilities	$	86,979	$	55,097	$	31,882	$	-

14. Fair Value Measurements – continued

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued

Real Estate Fund Investments

At March 31, 2014, our Real Estate Fund had nine investments with an aggregate fair value of $682,002,000, or $167,582,000 in excess of cost. These investments are classified as Level 3. We use a discounted cash flow valuation technique to estimate the fair value of each of these investments, which is updated quarterly by personnel responsible for the management of each investment and reviewed by senior management at each reporting period. The discounted cash flow valuation technique requires us to estimate cash flows for each investment over the anticipated holding period, which currently ranges from 0.3 to 6.3 years. Cash flows are derived from property rental revenue (base rents plus reimbursements) less operating expenses, real estate taxes and capital and other costs, plus projected sales proceeds in the year of exit. Property rental revenue is based on leases currently in place and our estimates for future leasing activity, which are based on current market rents for similar space plus a projected growth factor. Similarly, estimated operating expenses and real estate taxes are based on amounts incurred in the current period plus a projected growth factor for future periods. Anticipated sales proceeds at the end of an investment's expected holding period are determined based on the net cash flow of the investment in the year of exit, divided by a terminal capitalization rate, less estimated selling costs.

The fair value of each property is calculated by discounting the future cash flows (including the projected sales proceeds), using an appropriate discount rate and then reduced by the property's outstanding debt, if any, to determine the fair value of the equity in each investment. Significant unobservable quantitative inputs used in determining the fair value of each investment include capitalization rates and discount rates. These rates are based on the location, type and nature of each property, and current and anticipated market conditions, which are derived from original underwriting assumptions, industry publications and from the experience of our Acquisitions and Capital Markets departments. Significant unobservable quantitative inputs in the table below were utilized in determining the fair value of these Fund investments at March 31, 2014.

			Weighted Average
			(based on fair
Unobservable Quantitative Input		Range	value of investments)
	Discount rates	12.0% to 17.5%	13.9%
	Terminal capitalization rates	5.0% to 6.1%	5.7%

The above inputs are subject to change based on changes in economic and market conditions and/or changes in use or timing of exit. Changes in discount rates and terminal capitalization rates result in increases or decreases in the fair values of these investments. The discount rates encompass, among other things, uncertainties in the valuation models with respect to terminal capitalization rates and the amount and timing of cash flows. Therefore, a change in the fair value of these investments resulting from a change in the terminal capitalization rate, may be partially offset by a change in the discount rate. It is not possible for us to predict the effect of future economic or market conditions on our estimated fair values.

The table below summarizes the changes in the fair value of Fund investments that are classified as Level 3, for the three months ended March 31, 2014 and 2013.

	Real Estate Fund Investments
	For the Three Months Ended March 31,
(Amounts in thousands)	2014		2013
Beginning balance	$	667,710	$	600,786
Purchases		123		13,668
Sales/Returns		-		(56,664)
Net unrealized gains		14,169		13,516
Ending balance	$	682,002	$	571,306

14. Fair Value Measurements – continued

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued

Deferred Compensation Plan Assets

Deferred compensation plan assets that are classified as Level 3 consist of investments in limited partnerships and investment funds, which are managed by third parties. We receive quarterly financial reports from a third-party administrator, which are compiled from the quarterly reports provided to them from each limited partnership and investment fund. The quarterly reports provide net asset values on a fair value basis which are audited by independent public accounting firms on an annual basis. The third-party administrator does not adjust these values in determining our share of the net assets and we do not adjust these values when reported in our consolidated financial statements.

The table below summarizes the changes in the fair value of Deferred Compensation Plan Assets that are classified as Level 3, for the three months ended March 31, 2014 and 2013.

	Deferred Compensation Plan Assets
	For the Three Months Ended March 31,
(Amounts in thousands)	2014		2013
Beginning balance	$	68,782	$	62,631
Purchases		1,644		2,707
Sales		(5,124)		(2,697)
Realized and unrealized gain		2,172		1,354
Other, net		153		1,015
Ending balance	$	67,627	$	65,010

Fair Value Measurements on a Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis on our consolidated balance sheets consist primarily of our investment in Toys “R” Us and real estate assets that were written-down to estimated fair value at March 31, 2014 and December 31, 2013. The fair values of these assets were determined using widely accepted valuation techniques, including (i) discounted cash flow analysis, which considers, among other things, leasing assumptions, growth rates, discount rates and terminal capitalization rates, (ii) income capitalization approach, which considers prevailing market capitalization rates, and (iii) comparable sales activity. Generally, we consider multiple valuation techniques when measuring fair values but in certain circumstances, a single valuation technique may be appropriate. The tables below aggregate the fair values of these assets by their levels in the fair value hierarchy.

			As of March 31, 2014
(Amounts in thousands)			Total		Level 1		Level 2		Level 3
	Real estate assets		$	341,660	$	-	$	-	$	341,660
	Investment in Toys"R" Us			75,932		-		-		75,932
		Total assets	$	417,592	$	-	$	-	$	417,592

			As of December 31, 2013
(Amounts in thousands)			Total		Level 1		Level 2		Level 3
	Real estate assets		$	354,351	$	-	$	-	$	354,351
	Investment in Toys "R" Us			83,224		-		-		83,224
		Total assets	$	437,575	$	-	$	-	$	437,575

14. Fair Value Measurements – continued

Financial Assets and Liabilities not Measured at Fair Value

Financial assets and liabilities that are not measured at fair value on our consolidated balance sheets include cash equivalents (primarily money market funds, which invest in obligations of the United States government), mortgage and mezzanine loans receivable and our secured and unsecured debt. Estimates of the fair value of these instruments are determined by the standard practice of modeling the contractual cash flows required under the instrument and discounting them back to their present value at the appropriate current risk adjusted interest rate, which is provided by a third-party specialist. For floating rate debt, we use forward rates derived from observable market yield curves to project the expected cash flows we would be required to make under the instrument. The fair value of cash equivalents and borrowings under our revolving credit facility is classified as Level 1, and the fair value of our mortgage and mezzanine loans receivable is classified as Level 3. The fair value of our secured and unsecured debt are classified as Level 2. The table below summarizes the carrying amounts and fair value of these financial instruments as of March 31, 2014 and December 31, 2013.

			As of March 31, 2014				As of December 31, 2013
			Carrying		Fair		Carrying		Fair
(Amounts in thousands)			Amount		Value		Amount		Value
	Cash equivalents		$	922,872	$	923,000	$	295,000	$	295,000
	Mortgage and mezzanine loans receivable			42,749		43,000		170,972		171,000
			$	965,621	$	966,000	$	465,972	$	466,000
	Debt:
		Mortgages payable	$	8,913,358	$	8,763,000	$	8,331,993	$	8,104,000
		Senior unsecured notes		1,343,442		1,398,000		1,350,855		1,402,000
		Revolving credit facility debt		88,138		88,000		295,870		296,000
			$	10,344,938	$	10,249,000	$	9,978,718	$	9,802,000

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Incentive Compensation

3 Months Ended

Mar. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Incentive Compensation

15. Incentive Compensation

Our 2010 Omnibus Share Plan (the “Plan”) provides for grants of incentive and non-qualified stock options, restricted stock, restricted Operating Partnership units and out-performance plan awards to certain of our employees and officers. We account for all stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation. Stock-based compensation expense was $11,024,000 and $7,466,000 in the three months ended March 31, 2014 and 2013, respectively.

On January 10, 2014, the Compensation Committee approved the 2014 Outperformance Plan, a multi-year, performance-based equity compensation plan and related form of award agreement (the “2014 OPP”). Under the 2014 OPP, participants have the opportunity to earn compensation payable in the form of operating partnership units during a three-year performance measurement period, if and only if we outperform a predetermined total shareholder return (“TSR”) and/or outperform the market with respect to relative TSR. Awards under the 2014 OPP may be earned if we (i) achieve a TSR level greater than 7% per annum, or 21% over the three-year performance measurement period (the “Absolute Component”), and/or (ii) achieve a TSR above that of the SNL US REIT Index (the “Index”) over a three-year performance measurement period (the “Relative Component”). To the extent awards would be earned under the Absolute Component but we underperform the Index, such awards earned under the Absolute Component would be reduced (and potentially fully negated) based on the degree to which we underperform the Index. In certain circumstances, in the event we outperform the Index but awards would not otherwise be earned under the Absolute Component, awards may be increased under the Relative Component. To the extent awards would otherwise be earned under the Relative Component but we fail to achieve at least a 6% per annum absolute TSR, such awards earned under the Relative Component would be reduced based on our absolute TSR, with no awards being earned in the event our TSR during the applicable measurement period is 0% or negative, irrespective of the degree to which we may outperform the Index. If the designated performance objectives are achieved, OPP Units are also subject to time-based vesting requirements. Awards earned under the 2014 OPP vest 33% in year three, 33% in year four and 34% in year five. Dividends on awards earned accrue during the performance measurement period. In addition, our executive officers (for the purposes of Section 16 of the Exchange Act) are required to hold any earned OPP awards (or related equity) for at least one year following vesting.

Fee and Other Income

3 Months Ended

Mar. 31, 2014

Fee and Other Income [Abstract]

Fee and Other Income

16. Fee and Other Income

The following table sets forth the details of fee and other income:

		For the Three Months
(Amounts in thousands)		Ended March 31,
		2014		2013
BMS cleaning fees		$	18,956	$	16,664
Signage revenue			9,318		6,481
Management and leasing fees			6,214		5,253
Lease termination fees⁽¹⁾			3,793		59,968
Other income			7,647		8,447
		$	45,928	$	96,813


(1)	2013 includes $59,599 of income pursuant to a settlement agreement with Stop & Shop.

Management and leasing fees include management fees from Interstate Properties, a related party, of $134,000 and $203,000 for the three months ended March 31, 2014 and 2013, respectively. The above table excludes fee income from partially owned entities, which is typically included in “income from partially owned entities” (see Note 7 – Investments in Partially Owned Entities).

Interest and Other Investment Income (Loss), Net

3 Months Ended

Mar. 31, 2014

Interest and Other Investment (Loss) Income, net [Abstract]

Interest and Other Investment Income (Loss), Net

17. Interest and Other Investment Income (Loss), Net

The following table sets forth the details of interest and other investment income (loss):

		For the Three Months
(Amounts in thousands)		Ended March 31,
		2014		2013
Mark-to-market of investments in our deferred compensation plan⁽¹⁾		$	4,400	$	3,446
Dividends and interest on marketable securities			3,106		2,770
Interest on mezzanine loans receivable			2,384		5,077
Non-cash impairment loss on J.C. Penney common shares			-		(39,487)
Loss from the mark-to-market of J.C. Penney derivative position			-		(22,540)
Other, net			2,003		1,659
		$	11,893	$	(49,075)


(1)	This income is entirely offset by the expense resulting from the mark-to-market of the deferred compensation plan liability, which is included in "general and administrative" expense.

Interest and Debt Expense

3 Months Ended

Mar. 31, 2014

Interest Expense Debt [Abstract]

Interest And Debt Expense

18. Interest and Debt Expense

The following table sets forth the details of interest and debt expense:

	For the Three Months
(Amounts in thousands)	Ended March 31,
	2014		2013
Interest expense	$	118,252	$	123,228
Amortization of deferred financing costs		4,812		5,378
Capitalized interest		(13,622)		(8,260)
	$	109,442	$	120,346

Income Per Share

3 Months Ended

Mar. 31, 2014

Income Per Share [Abstract]

Income Per Share

19. Income Per Share

The following table provides a reconciliation of both net income and the number of common shares used in the computation of (i) basic income per common share - which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares, and (ii) diluted income per common share - which includes the weighted average common shares and dilutive share equivalents. Dilutive share equivalents may include our Series A convertible preferred shares, employee stock options and restricted stock.

			For the Three Months
(Amounts in thousands, except per share amounts)			Ended March 31,
			2014		2013
Numerator:
	Income from continuing operations, net of income attributable to noncontrolling interests		$	80,936	$	67,986
	Income from discontinued operations, net of income attributable to noncontrolling interests			1,781		194,936
	Net income attributable to Vornado			82,717		262,922
	Preferred share dividends			(20,368)		(21,702)
	Preferred share redemptions			-		(9,230)
	Net income attributable to common shareholders			62,349		231,990
	Earnings allocated to unvested participating securities			(30)		(56)
	Numerator for basic income per share			62,319		231,934
	Impact of assumed conversions:
		Convertible preferred share dividends		-		28
	Numerator for diluted income per share		$	62,319	$	231,962

Denominator:
	Denominator for basic income per share – weighted average shares			187,307		186,752
	Effect of dilutive securities⁽¹⁾:
		Employee stock options and restricted share awards		933		727
		Convertible preferred shares		-		50
	Denominator for diluted income per share – weighted average shares and assumed conversions			188,240		187,529

INCOME PER COMMON SHARE – BASIC:
	Income from continuing operations, net		$	0.32	$	0.20
	Income from discontinued operations, net			0.01		1.04
	Net income per common share		$	0.33	$	1.24

INCOME PER COMMON SHARE – DILUTED:
	Income from continuing operations, net		$	0.32	$	0.20
	Income from discontinued operations, net			0.01		1.04
	Net income per common share		$	0.33	$	1.24


(1)		The effect of dilutive securities in the three months ended March 31, 2014 and 2013 excludes an aggregate of 11,326 and 11,997 weighted average common share equivalents, respectively, as their effect was anti-dilutive.

Commitments and Contingencies

3 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

20. Commitments and Contingencies

Insurance

We maintain general liability insurance with limits of $300,000,000 per occurrence and all risk property and rental value insurance with limits of $2.0 billion per occurrence, with sub-limits for certain perils such as floods. Our California properties have earthquake insurance with coverage of $180,000,000 per occurrence, subject to a deductible in the amount of 5% of the value of the affected property, up to a $180,000,000 annual aggregate. We maintain coverage for terrorism acts with limits of $4.0 billion per occurrence and in the aggregate, including terrorism involving nuclear, biological, chemical and radiological (“NBCR”) terrorism events, as defined by the Terrorism Risk Insurance Program Reauthorization Act, which expires in December 2014.

Penn Plaza Insurance Company, LLC (“PPIC”), our wholly owned consolidated subsidiary, acts as a re-insurer with respect to a portion of all risk property and rental value insurance and a portion of our earthquake insurance coverage, and as a direct insurer for coverage for NBCR acts. Coverage for acts of terrorism (excluding NBCR acts) is fully reinsured by third party insurance companies and the federal government with no direct exposure to PPIC. For NBCR acts, PPIC is responsible for a deductible of $2,150,000 and 15% of the balance of a covered loss and the federal government is responsible for the remaining 85% of a covered loss. We are ultimately responsible for any loss incurred by PPIC.

We continue to monitor the state of the insurance market and the scope and costs of coverage for acts of terrorism. However, we cannot anticipate what coverage will be available on commercially reasonable terms in the future.

Our debt instruments, consisting of mortgage loans secured by our properties which are non-recourse to us, senior unsecured notes and revolving credit agreements contain customary covenants requiring us to maintain insurance. Although we believe that we have adequate insurance coverage for purposes of these agreements, we may not be able to obtain an equivalent amount of coverage at reasonable costs in the future. Further, if lenders insist on greater coverage than we are able to obtain it could adversely affect our ability to finance our properties and expand our portfolio.

Other Commitments and Contingencies

We are from time to time involved in legal actions arising in the ordinary course of business. In our opinion, after consultation with legal counsel, the outcome of such matters is not expected to have a material adverse effect on our financial position, results of operations or cash flows.

Each of our properties has been subjected to varying degrees of environmental assessment at various times. The environmental assessments did not reveal any material environmental contamination. However, there can be no assurance that the identification of new areas of contamination, changes in the extent or known scope of contamination, the discovery of additional sites, or changes in cleanup requirements would not result in significant costs to us.

Our mortgage loans are non-recourse to us. However, in certain cases we have provided guarantees or master leased tenant space. These guarantees and master leases terminate either upon the satisfaction of specified circumstances or repayment of the underlying loans. As of March 31, 2014, the aggregate dollar amount of these guarantees and master leases is approximately $420,000,000.

At March 31, 2014, $38,477,000 of letters of credit were outstanding under one of our revolving credit facilities. Our revolving credit facilities contain financial covenants that require us to maintain minimum interest coverage and maximum debt to market capitalization ratios, and provide for higher interest rates in the event of a decline in our ratings below Baa3/BBB. Our revolving credit facilities also contain customary conditions precedent to borrowing, including representations and warranties, and also contain customary events of default that could give rise to accelerated repayment, including such items as failure to pay interest or principal.

As of March 31, 2014, we expect to fund additional capital to certain of our partially owned entities aggregating approximately $125,000,000.

Segment Information

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Information

21. Segment Information

Below is a summary of net income and a reconciliation of net income to EBITDA(1) by segment for the three months ended March 31, 2014 and 2013.

21. Segment Information – continued


(Amounts in thousands)		For the Three Months Ended March 31, 2014
											Retail
			Total		New York			Washington, DC			Properties			Toys		Other
Total revenues			$	660,618	$	371,282		$	135,278		$	88,805		$	-	$	65,253
Total expenses				494,984		241,999			89,572			82,231			-		81,182
Operating income (loss)				165,634		129,283			45,706			6,574			-		(15,929)
Income (loss) from partially owned
	entities, including Toys			1,979		1,566			(1,266)			538			1,847		(706)
Income from Real Estate Fund				18,148		-			-			-			-		18,148
Interest and other investment
	income, net			11,893		1,475			36			9			-		10,373
Interest and debt expense				(109,442)		(42,839)			(19,347)			(9,217)			-		(38,039)
Net gain on disposition of wholly
	owned and partially owned assets			9,635		-			-			-			-		9,635
Income (loss) before income taxes				97,847		89,485			25,129			(2,096)			1,847		(16,518)
Income tax (expense) benefit				(1,582)		(969)			199			(731)			-		(81)
Income (loss) from continuing operations				96,265		88,516			25,328			(2,827)			1,847		(16,599)
Income from discontinued operations				1,891		-			-			1,714			-		177
Net income (loss)				98,156		88,516			25,328			(1,113)			1,847		(16,422)
Less net income attributable to
	noncontrolling interests			(15,439)		(1,405)			-			(17)			-		(14,017)
Net income (loss) attributable to Vornado				82,717		87,111			25,328			(1,130)			1,847		(30,439)
Interest and debt expense⁽²⁾				170,952		58,068			22,798			10,351			38,549		41,186
Depreciation and amortization⁽²⁾				196,339		87,587			36,150			25,328			26,924		20,350
Income tax expense (benefit)⁽²⁾				19,831		1,032			(189)			731			18,077		180
EBITDA⁽¹⁾			$	469,839	$	233,798	⁽³⁾	$	84,087	⁽⁴⁾	$	35,280	⁽⁵⁾	$	85,397	$	31,277	⁽⁶⁾

21. Segment Information – continued

(Amounts in thousands)		For the Three Months Ended March 31, 2013
										Retail
		Total		New York			Washington, DC			Properties			Toys		Other
Total revenues		$	718,713	$	364,801		$	134,731		$	142,212		$	-	$	76,969
Total expenses			468,419		242,927			85,197			48,580			-		91,715
Operating income (loss)			250,294		121,874			49,534			93,632			-		(14,746)
Income (loss) from partially owned
	entities, including Toys		22,525		5,605			(2,093)			901			1,759		16,353
Income from Real Estate Fund			16,564		-			-			-			-		16,564
Interest and other investment (loss)
	income, net		(49,075)		1,165			76			51			-		(50,367)
Interest and debt expense			(120,346)		(40,431)			(28,250)			(10,286)			-		(41,379)
Net loss on disposition of wholly owned and
	partially owned assets		(36,724)		-			-			-			-		(36,724)
Income (loss) before income taxes			83,238		88,213			19,267			84,298			1,759		(110,299)
Income tax expense			(1,073)		(272)			(378)			-			-		(423)
Income (loss) from continuing operations			82,165		87,941			18,889			84,298			1,759		(110,722)
Income (loss) from discontinued operations			206,762		2,728			-			205,382			-		(1,348)
Net income (loss)			288,927		90,669			18,889			289,680			1,759		(112,070)
Less net income attributable to
	noncontrolling interests		(26,005)		(1,581)			-			(96)			-		(24,328)
Net income (loss) attributable to Vornado			262,922		89,088			18,889			289,584			1,759		(136,398)
Interest and debt expense⁽²⁾			188,780		49,689			31,753			14,223			43,182		49,933
Depreciation and amortization⁽²⁾			194,185		78,413			35,148			18,519			37,674		24,431
Income tax expense⁽²⁾			60,759		347			454			-			59,346		612
EBITDA⁽¹⁾		$	706,646	$	217,537	⁽³⁾	$	86,244	⁽⁴⁾	$	322,326	⁽⁵⁾	$	141,961	$	(61,422)	⁽⁶⁾


See notes on the following page.

21. Segment Information – continued


	Notes to preceding tabular information:


(1)	EBITDA represents "Earnings Before Interest, Taxes, Depreciation and Amortization." We consider EBITDA a supplemental measure for making decisions and assessing the unlevered performance of our segments as it relates to the total return on assets as opposed to the levered return on equity. As properties are bought and sold based on a multiple of EBITDA, we utilize this measure to make investment decisions as well as to compare the performance of our assets to that of our peers. EBITDA should not be considered a substitute for net income. EBITDA may not be comparable to similarly titled measures employed by other companies.


(2)	Interest and debt expense, depreciation and amortization and income tax (benefit) expense in the reconciliation of net income (loss) to EBITDA includes our share of these items from partially owned entities.


(3)	The elements of "New York" EBITDA are summarized below.

				For the Three Months
				Ended March 31,
	(Amounts in thousands)			2014		2013
	Office			$	157,879	$	146,296
	Retail				66,195		60,382
	Alexander's				10,430		10,541
	Hotel Pennsylvania				(706)		318
		Total New York		$	233,798	$	217,537


(4)	The elements of "Washington, DC" EBITDA are summarized below.

				For the Three Months
				Ended March 31,
	(Amounts in thousands)			2014		2013
	Office, excluding the Skyline Properties			$	67,257	$	67,107
	Skyline properties				6,499		8,162
		Total Office			73,756		75,269
	Residential				10,331		10,975
		Total Washington, DC		$	84,087	$	86,244


(5)	The elements of "Retail Properties" EBITDA are summarized below.

				For the Three Months
				Ended March 31,
	(Amounts in thousands)			2014		2013
	Strip shopping centers^(a)			$	41,321	$	103,361
	Regional malls^(b)				(6,041)		218,965
		Total Retail properties		$	35,280	$	322,326


	(a)		The three months ended March 31, 2013, includes $59,599 of income pursuant to a settlement agreement with Stop & Shop.

	(b)		The three months ended March 31, 2014, includes a $20,000 non-cash impairment loss on the Springfield Town Center. The three months ended March 31, 2013, includes a $202,275 net gain on sale of Green Acres Mall.

21. Segment Information – continued


	Notes to preceding tabular information - continued:


(6)	The elements of "other" EBITDA are summarized below.

				For the Three Months
				Ended March 31,
	(Amounts in thousands)			2014		2013
	Our share of Real Estate Fund:
		Income before net realized/unrealized gains		$	1,982	$	1,462
		Net unrealized gains			3,542		3,379
		Carried interest			1,775		2,183
	Total				7,299		7,024
	Merchandise Mart Building and trade shows				19,087		16,854
	555 California Street				12,066		10,629
	India real estate ventures				1,824		1,759
	LNR^(a)				-		20,443
	Lexington^(b)				-		6,931
	Other investments				4,919		3,117
					45,195		66,757
	Corporate general and administrative expenses^(c)				(25,982)		(22,756)
	Investment income and other, net^(c)				8,073		11,336
	Net gain on sale of a land parcel and residential condominiums				9,635		-
	Acquisition related costs				(1,784)		(601)
	Non-cash impairment loss on J.C. Penney common shares				-		(39,487)
	Loss on sale of J.C. Penney common shares				-		(36,800)
	Loss from the mark-to-market of J.C. Penney derivative position				-		(22,540)
	Merchandise Mart reduction-in-force and severance costs				-		(2,612)
	Net income attributable to noncontrolling interests in the Operating Partnership				(3,848)		(13,933)
	Preferred unit distributions of the Operating Partnership				(12)		(786)
				$	31,277	$	(61,422)


	(a)		On April 19, 2013, LNR was sold for $1.053 billion.

	(b)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale. The 2013 amount represents our share of Lexington's 2012 fourth quarter earnings which was recorded on a one-quarter lag basis.

	(c)		The amounts in these captions (for this table only) exclude income (expense) from the mark-to-market of our deferred compensation plan.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Basis of Presentation and Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2014
Basis of Presentation and Significant Accounting Policies [Abstract]
Redeemable Noncontrolling Interests Policy [Text Block]	Redeemable noncontrolling interests on our consolidated balance sheets are comprised primarily of Class A Operating Partnership units that are held by third parties, and are recorded at the greater of their carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to “additional capital” in our consolidated statements of changes in equity. Redeemable noncontrolling interests exclude our Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units, as they are accounted for as liabilities in accordance with ASC 480, Distinguishing Liabilities and Equity, because of their possible settlement by issuing a variable number of Vornado common shares.
Fair Value Measurement Policy [Policy Text Block]	In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets. Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis Financial assets and liabilities that are measured at fair value on our consolidated balance sheets consist of (i) marketable securities, (ii) Real Estate Fund investments, (iii) the assets in our deferred compensation plan (for which there is a corresponding liability on our consolidated balance sheet), (iv) interest rate swaps and (v) mandatorily redeemable instruments (Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units). Fair Value Measurements on a Nonrecurring Basis Assets measured at fair value on a nonrecurring basis on our consolidated balance sheets consist primarily of our investment in Toys “R” Us and real estate assets that were written-down to estimated fair value at March 31, 2014 and December 31, 2013. The fair values of these assets were determined using widely accepted valuation techniques, including (i) discounted cash flow analysis, which considers, among other things, leasing assumptions, growth rates, discount rates and terminal capitalization rates, (ii) income capitalization approach, which considers prevailing market capitalization rates, and (iii) comparable sales activity. Generally, we consider multiple valuation techniques when measuring fair values but in certain circumstances, a single valuation technique may be appropriate. Financial Assets and Liabilities not Measured at Fair Value Financial assets and liabilities that are not measured at fair value on our consolidated balance sheets include cash equivalents (primarily money market funds, which invest in obligations of the United States government), mortgage and mezzanine loans receivable and our secured and unsecured debt. Estimates of the fair value of these instruments are determined by the standard practice of modeling the contractual cash flows required under the instrument and discounting them back to their present value at the appropriate current risk adjusted interest rate, which is provided by a third-party specialist. For floating rate debt, we use forward rates derived from observable market yield curves to project the expected cash flows we would be required to make under the instrument. The fair value of cash equivalents and borrowings under our revolving credit facility is classified as Level 1, and the fair value of our mortgage and mezzanine loans receivable is classified as Level 3. The fair value of our secured and unsecured debt are classified as Level 2.

Vornado Capital Partners Real Estate Fund (the "Fund") (Tables)

3 Months Ended

Mar. 31, 2014

Real Estate Fund [Abstract]

Schedule Of Income And Loss From The Fund [Table Text Block]

		For the Three Months
(Amounts in thousands)		Ended March 31,
		2014		2013
Net investment income		$	3,979	$	3,048
Net unrealized gains			14,169		13,516
Income from Real Estate Fund			18,148		16,564
Less (income) attributable to noncontrolling interests			(10,849)		(9,540)
Income from Real Estate Fund attributable to Vornado ⁽¹⁾		$	7,299	$	7,024
___________________________________
___________________________________
(1)	Excludes management, leasing and development fees of $704 and $849 for the three months ended March 31, 2014 and 2013, respectively, which are included as a component of "fee and other income" on our consolidated statements of income.

Marketable Securities and Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Unrealized Gain (Loss) on Investments [Abstract]

Unrealized Gain (Loss) on Investments [Table Text Block]

(Amounts in thousands)		As of March 31, 2014						As of December 31, 2013
				GAAP		Unrealized				GAAP		Unrealized
		Fair Value		Cost		Gain		Fair Value		Cost		Gain
Equity securities:
	Lexington	$	201,496	$	72,549	$	128,947	$	188,567	$	72,549	$	116,018
	Other		3,546		59		3,487		3,350		59		3,291
		$	205,042	$	72,608	$	132,434	$	191,917	$	72,608	$	119,309

Investments in Partially Owned Entities (Tables)

3 Months Ended

Mar. 31, 2014

Schedule Of Equity Method Investments [Line Items]

Equity Method Investments [Table Text Block]

			Percentage
(Amounts in thousands)			Ownership at		Balance as of
Investments:			March 31, 2014		March 31, 2014		December 31, 2013
	Toys ($80,062 in each period, excluding our share of
		Toys' other comprehensive loss/income)		32.6%	$	75,932	$	83,224

	Alexander’s			32.4%	$	167,124	$	167,785
	India real estate ventures			4.1%-36.5%		88,563		88,467
	Partially owned office buildings⁽¹⁾			Various		628,881		621,294
	Other investments⁽²⁾			Various		284,428		288,897
					$	1,168,996	$	1,166,443


(1)		Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others.
(2)		Includes interests in Independence Plaza, Monmouth Mall, 85 10th Avenue, Fashion Center Mall, 50-70 West 93rd Street and others.

				Percentage		For the Three Months
(Amounts in thousands)				Ownership at		Ended March 31,
Our Share of Net Income (Loss):				March 31, 2014		2014		2013
	Toys:				32.6%
		Equity in net earnings				$	75,196	$	78,542
		Non-cash impairment losses					(75,196)		(78,542)
		Management fees					1,847		1,759
						$	1,847	$	1,759

	Alexander's:				32.4%
		Equity in net income				$	4,759	$	4,589
		Management, leasing and development fees					1,626		1,487
							6,385		6,076

	India real estate ventures				4.1%-36.5%		(137)		(767)

	Partially owned office buildings⁽¹⁾				Various		(2,395)		(582)

	Other investments⁽²⁾				Various		(3,721)		(1,713)

	Lexington⁽³⁾				n/a		-		(979)

	LNR (see page 13 for details):				n/a
		Equity in net income					-		45,962
		Impairment loss					-		(27,231)
							-		18,731

						$	132	$	20,766


(1)			Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others.
(2)			Includes interests in Independence Plaza, Monmouth Mall, 85 10th Avenue, Fashion Center Mall, 50-70 West 93rd Street and others.
(3)			In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale. The 2013 amount represents our share of Lexington's 2012 fourth quarter earnings which was recorded on a one-quarter lag basis.

Schedule of debt of partially owned entities [Table Text Block]

			Percentage		Interest	100% of
			Ownership at		Rate at	Partially Owned Entities’ Debt at
(Amounts in thousands)			March 31,		March 31,	March 31,		December 31,
			2014	Maturity	2014	2014		2013
Toys:
	Notes, loans and mortgages payable		32.6%	2014-2021	7.14%	$	4,977,482	$	5,702,247

Alexander's:
	Mortgages payable		32.4%	2015-2021	2.59%	$	1,035,022	$	1,049,959

India Real Estate Ventures:
	TCG Urban Infrastructure Holdings mortgages
		payable	25.0%	2014-2022	13.23%	$	202,496	$	199,021

Partially owned office buildings⁽¹⁾:			Various	2014-2023	5.74%	$	3,632,588	$	3,622,759

Other⁽²⁾:			Various	2014-2023	4.56%	$	1,705,703	$	1,709,509


(1)		Includes 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others.
(2)		Includes Independence Plaza, Monmouth Mall, Fashion Center Mall, 50-70 West 93rd Street and others.

Toys R Us [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investments [Table Text Block]

(Amounts in thousands)			Balance as of
Balance Sheet:			February 1, 2014		November 2, 2013
	Assets		$	10,400,000	$	11,756,000
	Liabilities			9,018,000		10,437,000
	Noncontrolling interests			78,000		75,000
	Toys “R” Us, Inc. equity⁽¹⁾			1,304,000		1,244,000

			For the Three Months Ended
Income Statement:			February 1, 2014		February 2, 2013
	Total revenues		$	5,267,000	$	5,770,000
	Net income attributable to Toys			82,500		241,000


(1)		At March 31, 2014, the carrying amount of our investment in Toys is less than our share of Toys' equity by approximately $349,759. This basis difference results primarily from non-cash impairment losses aggregating $355,953 that we have recognized through March 31, 2014. We have allocated the basis difference primarily to Toys' real estate, which is being amortized over its remaining estimated useful life.

Alexanders Inc [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investments [Table Text Block]

(Amounts in thousands)		Balance as of
Balance Sheet:		March 31, 2014		December 31, 2013
	Assets	$	1,452,000	$	1,458,000
	Liabilities		1,118,000		1,124,000
	Stockholders' equity		334,000		334,000

		For the Three Months Ended March 31,
Income Statement:		2014		2013
	Total revenues	$	49,000	$	49,000
	Net income attributable to Alexander’s		15,000		14,000

Dispositions (Tables)

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule Of Assets And Liabilities And Results Of Operations Related To Discontinued Operations [Table Text Block]

	Assets Related to				Liabilities Related to
(Amounts in thousands)	Discontinued Operations as of				Discontinued Operations as of
	March 31,		December 31,		March 31,		December 31,
	2014		2013		2014		2013
Beverly Connection	$	207,575	$	208,458	$	-	$	-
Broadway Mall		-		106,164		-		13,950
Total	$	207,575	$	314,622	$	-	$	13,950

					For the Three Months
(Amounts in thousands)					Ended March 31,
					2014		2013
Total revenues					$	8,283	$	25,990
Total expenses						5,550		20,043
						2,733		5,947
Impairment losses						(842)		(1,514)
Net gain on sale of Green Acres Mall						-		202,275
Net gain on sale of other real estate						-		54
Income from discontinued operations					$	1,891	$	206,762

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Identified Intangible Assets and Intangible Liabilities (Tables)

3 Months Ended

Mar. 31, 2014

Finite-Lived Intangible Assets [Line Items]

Schedule of Identified Intangible Assets and Intangible Liabilities [Table Text Block]

	Balance as of
	March 31,		December 31,
(Amounts in thousands)	2014		2013
Identified intangible assets:
Gross amount	$	589,973	$	589,961
Accumulated amortization		(290,214)		(277,998)
Net	$	299,759	$	311,963
Identified intangible liabilities (included in deferred revenue):
Gross amount	$	850,765	$	856,933
Accumulated amortization		(367,972)		(360,398)
Net	$	482,793	$	496,535

Below Market Leases Net Of Above Market Leases [Member]

Finite-Lived Intangible Assets [Line Items]

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(Amounts in thousands)
2015	$	39,972
2016		38,631
2017		34,929
2018		33,309
2019		30,072

Other Identified Intangible Assets [Member]

Finite-Lived Intangible Assets [Line Items]

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(Amounts in thousands)
2015	$	23,254
2016		20,237
2017		16,821
2018		12,441
2019		11,535

Tenant Under Ground Leases [Member]

Finite-Lived Intangible Assets [Line Items]

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(Amounts in thousands)
2015	$	3,430
2016		3,430
2017		3,430
2018		3,430
2019		3,430

Debt (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

		Interest Rate at			Balance at
(Amounts in thousands)		March 31, 2014			March 31, 2014		December 31, 2013
Mortgages Payable:
	Fixed rate		4.56%	$	7,546,030	$	7,563,133
	Variable rate		2.55%		1,367,328		768,860
			4.25%	$	8,913,358	$	8,331,993

Unsecured Debt:
	Senior unsecured notes		5.67%	$	1,343,442	$	1,350,855
	Revolving credit facility debt		1.31%		88,138		295,870
			5.41%	$	1,431,580	$	1,646,725

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Redeemable Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2014

Redeemable Noncontrolling Interests [Abstract]

Summary Of Activity Of Redeemable Noncontrolling Interests [Table Text Block]

(Amounts in thousands)
Balance at December 31, 2012	$	944,152
Net income		14,719
Other comprehensive income		8,299
Distributions		(8,946)
Redemption of Class A units for common shares, at redemption value		(13,404)
Adjustments to carry redeemable Class A units at redemption value		44,998
Other, net		5,264
Balance at March 31, 2013	$	995,082

Balance at December 31, 2013	$	1,003,620
Net income		3,860
Other comprehensive income		361
Distributions		(8,383)
Redemption of Class A units for common shares, at redemption value		(5,156)
Adjustments to carry redeemable Class A units at redemption value		136,937
Other, net		9,592
Balance at March 31, 2014	$	1,140,831

Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2014

Accumulated Other Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

		For the Three Months Ended March 31, 2013
				Securities		Pro rata share of		Interest
				available-		nonconsolidated		rate
(Amounts in thousands)		Total		for-sale		subsidiaries' OCI		swap		Other
Balance as of December 31, 2012		$	(18,946)	$	19,432	$	11,313	$	(50,065)	$	374
	OCI before reclassifications		139,899		148,789		(3,647)		2,523		(7,766)
	Amounts reclassified from AOCI		-		-		-		-		-
Net current period OCI			139,899		148,789		(3,647)		2,523		(7,766)
Balance as of March 31, 2013		$	120,953	$	168,221	$	7,666	$	(47,542)	$	(7,392)


		For the Three Months Ended March 31, 2014
				Securities		Pro rata share of		Interest
				available-		nonconsolidated		rate
(Amounts in thousands)		Total		for-sale		subsidiaries' OCI		swap		Other
Balance as of December 31, 2013		$	71,537	$	119,309	$	(11,501)	$	(31,882)	$	(4,389)
	OCI before reclassifications		6,089		13,125		(8,286)		1,610		(360)
	Amounts reclassified from AOCI		-		-		-		-		-
Net current period OCI			6,089		13,125		(8,286)		1,610		(360)
Balance as of March 31, 2014		$	77,626	$	132,434	$	(19,787)	$	(30,272)	$	(4,749)

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of Fair Values of Financial Assets and Liabilities by Levels [Table Text Block]

		As of March 31, 2014
(Amounts in thousands)		Total		Level 1		Level 2		Level 3
Marketable securities		$	205,042	$	205,042	$	-	$	-
Real Estate Fund investments (75% of which is attributable to
	noncontrolling interests)		682,002		-		-		682,002
Deferred compensation plan assets (included in other assets)			121,970		54,343		-		67,627
	Total assets	$	1,009,014	$	259,385	$	-	$	749,629

Mandatorily redeemable instruments (included in other liabilities)		$	55,097	$	55,097	$	-	$	-
Interest rate swap (included in other liabilities)			30,272		-		30,272		-
	Total liabilities	$	85,369	$	55,097	$	30,272	$	-


		As of December 31, 2013
(Amounts in thousands)		Total		Level 1		Level 2		Level 3
Marketable securities		$	191,917	$	191,917	$	-	$	-
Real Estate Fund investments (75% of which is attributable to
	noncontrolling interests)		667,710		-		-		667,710
Deferred compensation plan assets (included in other assets)			116,515		47,733		-		68,782
	Total assets	$	976,142	$	239,650	$	-	$	736,492

Mandatorily redeemable instruments (included in other liabilities)		$	55,097	$	55,097	$	-	$	-
Interest rate swap (included in other liabilities)			31,882		-		31,882		-
	Total liabilities	$	86,979	$	55,097	$	31,882	$	-

Non-financial Assets Measured at Fair Value on a Nonrecurring Basis [Table Text Block]

			As of March 31, 2014
(Amounts in thousands)			Total		Level 1		Level 2		Level 3
	Real estate assets		$	341,660	$	-	$	-	$	341,660
	Investment in Toys"R" Us			75,932		-		-		75,932
		Total assets	$	417,592	$	-	$	-	$	417,592

			As of December 31, 2013
(Amounts in thousands)			Total		Level 1		Level 2		Level 3
	Real estate assets		$	354,351	$	-	$	-	$	354,351
	Investment in Toys "R" Us			83,224		-		-		83,224
		Total assets	$	437,575	$	-	$	-	$	437,575

Schedule Of Carrying Amounts And Fair Values Of Financial Instruments [Table Text Block]

			As of March 31, 2014				As of December 31, 2013
			Carrying		Fair		Carrying		Fair
(Amounts in thousands)			Amount		Value		Amount		Value
	Cash equivalents		$	922,872	$	923,000	$	295,000	$	295,000
	Mortgage and mezzanine loans receivable			42,749		43,000		170,972		171,000
			$	965,621	$	966,000	$	465,972	$	466,000
	Debt:
		Mortgages payable	$	8,913,358	$	8,763,000	$	8,331,993	$	8,104,000
		Senior unsecured notes		1,343,442		1,398,000		1,350,855		1,402,000
		Revolving credit facility debt		88,138		88,000		295,870		296,000
			$	10,344,938	$	10,249,000	$	9,978,718	$	9,802,000

Real Estate Fund [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

			Weighted Average
			(based on fair
Unobservable Quantitative Input		Range	value of investments)
	Discount rates	12.0% to 17.5%	13.9%
	Terminal capitalization rates	5.0% to 6.1%	5.7%

Summary of Changes in Level 3 Plan Assets [Table Text Block]

	Real Estate Fund Investments
	For the Three Months Ended March 31,
(Amounts in thousands)	2014		2013
Beginning balance	$	667,710	$	600,786
Purchases		123		13,668
Sales/Returns		-		(56,664)
Net unrealized gains		14,169		13,516
Ending balance	$	682,002	$	571,306

Deferred Compensation Plan Assets [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Summary of Changes in Level 3 Plan Assets [Table Text Block]

	Deferred Compensation Plan Assets
	For the Three Months Ended March 31,
(Amounts in thousands)	2014		2013
Beginning balance	$	68,782	$	62,631
Purchases		1,644		2,707
Sales		(5,124)		(2,697)
Realized and unrealized gain		2,172		1,354
Other, net		153		1,015
Ending balance	$	67,627	$	65,010

Fee and Other Income (Tables)

3 Months Ended

Mar. 31, 2014

Fee And Other Income Tables [Abstract]

Fee and Other Income [Table Text Block]

		For the Three Months
(Amounts in thousands)		Ended March 31,
		2014		2013
BMS cleaning fees		$	18,956	$	16,664
Signage revenue			9,318		6,481
Management and leasing fees			6,214		5,253
Lease termination fees⁽¹⁾			3,793		59,968
Other income			7,647		8,447
		$	45,928	$	96,813


(1)	2013 includes $59,599 of income pursuant to a settlement agreement with Stop & Shop.

Interest and Other Investment Income (Loss), Net (Tables)

3 Months Ended

Mar. 31, 2014

Interest and Other Investment (Loss) Income, net [Abstract]

Schedule Of Interest And Other Investment Income Net [Table Text Block]

		For the Three Months
(Amounts in thousands)		Ended March 31,
		2014		2013
Mark-to-market of investments in our deferred compensation plan⁽¹⁾		$	4,400	$	3,446
Dividends and interest on marketable securities			3,106		2,770
Interest on mezzanine loans receivable			2,384		5,077
Non-cash impairment loss on J.C. Penney common shares			-		(39,487)
Loss from the mark-to-market of J.C. Penney derivative position			-		(22,540)
Other, net			2,003		1,659
		$	11,893	$	(49,075)


(1)	This income is entirely offset by the expense resulting from the mark-to-market of the deferred compensation plan liability, which is included in "general and administrative" expense.

Interest and Debt Expense (Tables)

3 Months Ended

Mar. 31, 2014

Interest Expense Debt [Abstract]

Interest And Debt Expense [Table Text Block]

	For the Three Months
(Amounts in thousands)	Ended March 31,
	2014		2013
Interest expense	$	118,252	$	123,228
Amortization of deferred financing costs		4,812		5,378
Capitalized interest		(13,622)		(8,260)
	$	109,442	$	120,346

Income Per Share (Tables)

3 Months Ended

Mar. 31, 2014

Income Per Share [Abstract]

Schedule Of Earnings Per Share Basic And Diluted [Table Text Block]

			For the Three Months
(Amounts in thousands, except per share amounts)			Ended March 31,
			2014		2013
Numerator:
	Income from continuing operations, net of income attributable to noncontrolling interests		$	80,936	$	67,986
	Income from discontinued operations, net of income attributable to noncontrolling interests			1,781		194,936
	Net income attributable to Vornado			82,717		262,922
	Preferred share dividends			(20,368)		(21,702)
	Preferred share redemptions			-		(9,230)
	Net income attributable to common shareholders			62,349		231,990
	Earnings allocated to unvested participating securities			(30)		(56)
	Numerator for basic income per share			62,319		231,934
	Impact of assumed conversions:
		Convertible preferred share dividends		-		28
	Numerator for diluted income per share		$	62,319	$	231,962

Denominator:
	Denominator for basic income per share – weighted average shares			187,307		186,752
	Effect of dilutive securities⁽¹⁾:
		Employee stock options and restricted share awards		933		727
		Convertible preferred shares		-		50
	Denominator for diluted income per share – weighted average shares and assumed conversions			188,240		187,529

INCOME PER COMMON SHARE – BASIC:
	Income from continuing operations, net		$	0.32	$	0.20
	Income from discontinued operations, net			0.01		1.04
	Net income per common share		$	0.33	$	1.24

INCOME PER COMMON SHARE – DILUTED:
	Income from continuing operations, net		$	0.32	$	0.20
	Income from discontinued operations, net			0.01		1.04
	Net income per common share		$	0.33	$	1.24


(1)		The effect of dilutive securities in the three months ended March 31, 2014 and 2013 excludes an aggregate of 11,326 and 11,997 weighted average common share equivalents, respectively, as their effect was anti-dilutive.

Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Schedule of Segment Information [Table Text Block]


(Amounts in thousands)		For the Three Months Ended March 31, 2014
											Retail
			Total		New York			Washington, DC			Properties			Toys		Other
Total revenues			$	660,618	$	371,282		$	135,278		$	88,805		$	-	$	65,253
Total expenses				494,984		241,999			89,572			82,231			-		81,182
Operating income (loss)				165,634		129,283			45,706			6,574			-		(15,929)
Income (loss) from partially owned
	entities, including Toys			1,979		1,566			(1,266)			538			1,847		(706)
Income from Real Estate Fund				18,148		-			-			-			-		18,148
Interest and other investment
	income, net			11,893		1,475			36			9			-		10,373
Interest and debt expense				(109,442)		(42,839)			(19,347)			(9,217)			-		(38,039)
Net gain on disposition of wholly
	owned and partially owned assets			9,635		-			-			-			-		9,635
Income (loss) before income taxes				97,847		89,485			25,129			(2,096)			1,847		(16,518)
Income tax (expense) benefit				(1,582)		(969)			199			(731)			-		(81)
Income (loss) from continuing operations				96,265		88,516			25,328			(2,827)			1,847		(16,599)
Income from discontinued operations				1,891		-			-			1,714			-		177
Net income (loss)				98,156		88,516			25,328			(1,113)			1,847		(16,422)
Less net income attributable to
	noncontrolling interests			(15,439)		(1,405)			-			(17)			-		(14,017)
Net income (loss) attributable to Vornado				82,717		87,111			25,328			(1,130)			1,847		(30,439)
Interest and debt expense⁽²⁾				170,952		58,068			22,798			10,351			38,549		41,186
Depreciation and amortization⁽²⁾				196,339		87,587			36,150			25,328			26,924		20,350
Income tax expense (benefit)⁽²⁾				19,831		1,032			(189)			731			18,077		180
EBITDA⁽¹⁾			$	469,839	$	233,798	⁽³⁾	$	84,087	⁽⁴⁾	$	35,280	⁽⁵⁾	$	85,397	$	31,277	⁽⁶⁾

(Amounts in thousands)		For the Three Months Ended March 31, 2013
										Retail
		Total		New York			Washington, DC			Properties			Toys		Other
Total revenues		$	718,713	$	364,801		$	134,731		$	142,212		$	-	$	76,969
Total expenses			468,419		242,927			85,197			48,580			-		91,715
Operating income (loss)			250,294		121,874			49,534			93,632			-		(14,746)
Income (loss) from partially owned
	entities, including Toys		22,525		5,605			(2,093)			901			1,759		16,353
Income from Real Estate Fund			16,564		-			-			-			-		16,564
Interest and other investment (loss)
	income, net		(49,075)		1,165			76			51			-		(50,367)
Interest and debt expense			(120,346)		(40,431)			(28,250)			(10,286)			-		(41,379)
Net loss on disposition of wholly owned and
	partially owned assets		(36,724)		-			-			-			-		(36,724)
Income (loss) before income taxes			83,238		88,213			19,267			84,298			1,759		(110,299)
Income tax expense			(1,073)		(272)			(378)			-			-		(423)
Income (loss) from continuing operations			82,165		87,941			18,889			84,298			1,759		(110,722)
Income (loss) from discontinued operations			206,762		2,728			-			205,382			-		(1,348)
Net income (loss)			288,927		90,669			18,889			289,680			1,759		(112,070)
Less net income attributable to
	noncontrolling interests		(26,005)		(1,581)			-			(96)			-		(24,328)
Net income (loss) attributable to Vornado			262,922		89,088			18,889			289,584			1,759		(136,398)
Interest and debt expense⁽²⁾			188,780		49,689			31,753			14,223			43,182		49,933
Depreciation and amortization⁽²⁾			194,185		78,413			35,148			18,519			37,674		24,431
Income tax expense⁽²⁾			60,759		347			454			-			59,346		612
EBITDA⁽¹⁾		$	706,646	$	217,537	⁽³⁾	$	86,244	⁽⁴⁾	$	322,326	⁽⁵⁾	$	141,961	$	(61,422)	⁽⁶⁾


See notes on the following page.


	Notes to preceding tabular information:


(1)	EBITDA represents "Earnings Before Interest, Taxes, Depreciation and Amortization." We consider EBITDA a supplemental measure for making decisions and assessing the unlevered performance of our segments as it relates to the total return on assets as opposed to the levered return on equity. As properties are bought and sold based on a multiple of EBITDA, we utilize this measure to make investment decisions as well as to compare the performance of our assets to that of our peers. EBITDA should not be considered a substitute for net income. EBITDA may not be comparable to similarly titled measures employed by other companies.


(2)	Interest and debt expense, depreciation and amortization and income tax (benefit) expense in the reconciliation of net income (loss) to EBITDA includes our share of these items from partially owned entities.


(3)	The elements of "New York" EBITDA are summarized below.

				For the Three Months
				Ended March 31,
	(Amounts in thousands)			2014		2013
	Office			$	157,879	$	146,296
	Retail				66,195		60,382
	Alexander's				10,430		10,541
	Hotel Pennsylvania				(706)		318
		Total New York		$	233,798	$	217,537


(4)	The elements of "Washington, DC" EBITDA are summarized below.

				For the Three Months
				Ended March 31,
	(Amounts in thousands)			2014		2013
	Office, excluding the Skyline Properties			$	67,257	$	67,107
	Skyline properties				6,499		8,162
		Total Office			73,756		75,269
	Residential				10,331		10,975
		Total Washington, DC		$	84,087	$	86,244


(5)	The elements of "Retail Properties" EBITDA are summarized below.

				For the Three Months
				Ended March 31,
	(Amounts in thousands)			2014		2013
	Strip shopping centers^(a)			$	41,321	$	103,361
	Regional malls^(b)				(6,041)		218,965
		Total Retail properties		$	35,280	$	322,326


	(a)		The three months ended March 31, 2013, includes $59,599 of income pursuant to a settlement agreement with Stop & Shop.

	(b)		The three months ended March 31, 2014, includes a $20,000 non-cash impairment loss on the Springfield Town Center. The three months ended March 31, 2013, includes a $202,275 net gain on sale of Green Acres Mall.

Details of Other EBITDA [Table Text Block]


	Notes to preceding tabular information - continued:


(6)	The elements of "other" EBITDA are summarized below.

				For the Three Months
				Ended March 31,
	(Amounts in thousands)			2014		2013
	Our share of Real Estate Fund:
		Income before net realized/unrealized gains		$	1,982	$	1,462
		Net unrealized gains			3,542		3,379
		Carried interest			1,775		2,183
	Total				7,299		7,024
	Merchandise Mart Building and trade shows				19,087		16,854
	555 California Street				12,066		10,629
	India real estate ventures				1,824		1,759
	LNR^(a)				-		20,443
	Lexington^(b)				-		6,931
	Other investments				4,919		3,117
					45,195		66,757
	Corporate general and administrative expenses^(c)				(25,982)		(22,756)
	Investment income and other, net^(c)				8,073		11,336
	Net gain on sale of a land parcel and residential condominiums				9,635		-
	Acquisition related costs				(1,784)		(601)
	Non-cash impairment loss on J.C. Penney common shares				-		(39,487)
	Loss on sale of J.C. Penney common shares				-		(36,800)
	Loss from the mark-to-market of J.C. Penney derivative position				-		(22,540)
	Merchandise Mart reduction-in-force and severance costs				-		(2,612)
	Net income attributable to noncontrolling interests in the Operating Partnership				(3,848)		(13,933)
	Preferred unit distributions of the Operating Partnership				(12)		(786)
				$	31,277	$	(61,422)


	(a)		On April 19, 2013, LNR was sold for $1.053 billion.

	(b)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale. The 2013 amount represents our share of Lexington's 2012 fourth quarter earnings which was recorded on a one-quarter lag basis.

	(c)		The amounts in these captions (for this table only) exclude income (expense) from the mark-to-market of our deferred compensation plan.

Organization (Details)		3 Months Ended
Organization (Details)	Apr. 11, 2014 Properties	Mar. 31, 2014
Organization and Business [Abstract]
Common limited partnership interest in the Operating Partnership		93.90%
Subsequent Event [Member]
Real Estate Properties [Line Items]
Distribution of Spin Co's shares to Vornado common shareholders and Vornado Realty L.P.	0.5
Retail Properties [Member] \| Vornado Realty Trust [Member] \| Subsequent Event [Member]
Real Estate Properties [Line Items]
Number Of Real Estate Properties	20
Retail Properties [Member] \| Retail Segment Strip Shopping Centers [Member] \| Subsequent Event [Member]
Real Estate Properties [Line Items]
Number Of Real Estate Properties	81
Retail Properties [Member] \| Retail Segment Regional Malls [Member] \| Subsequent Event [Member]
Real Estate Properties [Line Items]
Number Of Real Estate Properties	4

Vornado Capital Partners Real Estate Fund (the "Fund") (Narratives) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2014 USD ($) Investments	Dec. 31, 2013 USD ($)
Investment Holdings [Line Items]
Aggregate fair value of Real Estate Fund investments	$ 682,002	$ 667,710
Real Estate Fund [Member]
Investment Holdings [Line Items]
Number Of Investments Made By Fund \| Investments	9
Aggregate fair value of Real Estate Fund investments	$ 682,002
Excess of fair value over cost	167,582
Unfunded Commitments Of Fund	149,186
Vornado Realty Trust [Member]
Investment Holdings [Line Items]
Unfunded Commitments Of Fund	$ 37,297

Vornado Capital Partners Real Estate Fund (the "Fund") (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Details Of Income From Real Estate Funds [Abstract]
Income from Real Estate Fund	$ 18,148	$ 16,564
Less (income) attributable to noncontrolling interests	(11,579)	(11,286)
Income From Real Estate Fund Attributable To Parent Company	7,299	7,024
Fee And Other Income	45,928	96,813
Real Estate Fund [Member]
Details Of Income From Real Estate Funds [Abstract]
Less (income) attributable to noncontrolling interests	(10,849)	(9,540)
Fee And Other Income	704	849
Net investment income [Member]
Details Of Income From Real Estate Funds [Abstract]
Income from Real Estate Fund	3,979	3,048
Net unrealized gains [Member]
Details Of Income From Real Estate Funds [Abstract]
Income from Real Estate Fund	$ 14,169	$ 13,516

Marketable Securities and Derivative Instruments: Derivative Instruments (Narratives) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Mar. 04, 2013	Mar. 31, 2014	Mar. 31, 2013
Derivative [Line Items]
Proceeds from sales of marketable securities		$ 0	$ 160,300
JC Penney [Member]
Derivative [Line Items]
Sale of Stock, Number of Shares	10,000,000
Closing share price (in dollars per share)	$ 16.03
Proceeds from sales of marketable securities	$ 160,300
Net loss on sale of common shares in J.C Penney	$ (36,800)

Marketable Securities and Derivative Instruments: Marketable Securities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Fair value	$ 205,042	$ 191,917
Available-for-sale Equity Securities, Amortized Cost Basis	72,608	72,608
Available-for-sale Securities, Gross Unrealized Gain (Loss)	132,434	119,309
Lexington Realty Trust [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Fair value	201,496	188,567
Available-for-sale Equity Securities, Amortized Cost Basis	72,549	72,549
Available-for-sale Securities, Gross Unrealized Gain (Loss)	128,947	116,018
Other Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Fair value	3,546	3,350
Available-for-sale Equity Securities, Amortized Cost Basis	59	59
Available-for-sale Securities, Gross Unrealized Gain (Loss)	$ 3,487	$ 3,291

Mortgage and Mezzanine Loans Receivable (Narratives) (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Jan. 31, 2014	Oct. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other assets	$ 290,544		$ 290,544	$ 351,488
Other liabilities	378,551		378,551	437,073
Mortgage and mezzanine loans receivable	$ 42,749		$ 42,749	$ 170,972
Mezzanine Loan Receivable Weighted Average Interest Rate			8.70%	11.00%
Mezzanine Loans Receiveable - Maturity Start Date	November 2014		November 2014
Mezzanine Loans Receiveable - Maturity End Date	May 2016		May 2016
NY 701 Seventh Avenue [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mezzanine Loan Ownership Percentage						25.00%
Percentage Of Participation In Mortgage Interest Sold		25.00%
Proceeds From Sale Of Participation In Mortgage Loan Receivable		$ 59,375
Other liabilities		$ 59,375			$ 59,375
Mortgage and mezzanine loans receivable					$ 59,375
Other Mezzanine Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prepayment Of Mezzanine Loan Receivable	$ 30,000
Mezzanine Loan Receivable Maturity Date	January 2015

Investments in Partially Owned Entities (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2014	Feb. 01, 2014	Mar. 31, 2013	Feb. 02, 2013	Dec. 31, 2013	Nov. 02, 2013
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	$ 1,979		$ 22,525
Toys R Us [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Investments in partially owned entities excluding our share of other comprehensive income	$ 80,062				$ 80,062
Equity method ownership percentage	32.60%
Carrying amount of investments in partially owned entities	$ 75,932				83,224
Non-cash impairment charges	355,953
Condensed Financial Information For Equity Method Investments [Abstract]
Assets		$ 10,400,000				$ 11,756,000
Liabilities		9,018,000				10,437,000
Noncontrolling interests		78,000				75,000
Equity		1,304,000				$ 1,244,000
Total revenue		5,267,000		$ 5,770,000
Net income attributable to investee		$ 82,500		$ 241,000
Equity Method Investment, Difference Excess Of Underlying Equity Over Carrying Amount	349,759
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	1,847		1,759
Toys R Us [Member] \| Equity In Net Income After Income Taxes [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	75,196		78,542
Toys R Us [Member] \| Management Fees [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	1,847		1,759
Toys R Us [Member] \| Impairment Loss [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Non-cash impairment charges	75,196
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	$ (75,196)		(78,542)
Alexanders Inc [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage	32.40%
Carrying amount of investments in partially owned entities	$ 167,124				167,785
Fees owed by Alexander's under management agreements	42,492
Excess of investee's carrying amount over equity in net assets	41,873
Condensed Financial Information For Equity Method Investments [Abstract]
Assets	1,452,000				1,458,000
Liabilities	1,118,000				1,124,000
Equity	334,000				334,000
Total revenue	49,000		49,000
Net income attributable to investee	$ 15,000		14,000
Other Financial Data For Equity Method Investments [Abstract]
Ownership common shares, investee (in shares)	1,654,068
Income Loss From Equity Method Investments	$ 6,385		6,076
Sale price, per share (in dollars per share)	$ 360.99
Equity Method Investment Market Value	$ 597,102
Excess of investee's fair value over carrying amount	429,978
Alexanders Inc [Member] \| Equity In Net Income After Income Taxes [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	4,759		4,589
Alexanders Inc [Member] \| Management Leasing And Development Fees [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	1,626		1,487
Lexington Realty Trust [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	0		(979)
LNR [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	0		18,731
LNR [Member] \| Equity In Net Income After Income Taxes [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	0		45,962
LNR [Member] \| Impairment Loss [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	0		(27,231)
India real estate ventures [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entities	88,563				88,467
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	$ (137)		(767)
India real estate ventures [Member] \| Minimum [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage	4.10%
India real estate ventures [Member] \| Maximum [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage	36.50%
Partially owned office buildings [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entities	$ 628,881				621,294
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	(2,395)		(582)
Other equity method investments [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entities	284,428				288,897
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	(3,721)		(1,713)
All Equity Method Investees Excluding Toys [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entities	1,168,996				$ 1,166,443
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments	$ 132		$ 20,766

Investments in Partially Owned Entities (LNR) (Details) - LNR [Member] - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Jan. 31, 2013	Mar. 31, 2013
Schedule Of Equity Method Investments [Line Items]
Sales Of Real Estate	$ 1,053,000
Impairment loss		$ (27,231)
Vornado Realty Trust [Member]
Schedule Of Equity Method Investments [Line Items]
Proceeds from the sale of LNR	$ 240,474

Investments in Partially Owned Entities - Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment Pro Rata Share Debt Of Partially Owned Entities	$ 3,953,375	$ 4,189,403
Toys R Us [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method ownership percentage	32.60%
Debt Instrument, Interest Rate at Period End (in percentage)	7.14%
Equity Method Investment Debt Of Partially Owned Entities	$ 4,977,482	5,702,247
Toys R Us [Member] \| Minimum [Member]
Schedule Of Equity Method Investments [Line Items]
Maturity, Range, Start	2014
Toys R Us [Member] \| Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Maturity, Range, End	2021
Alexanders Inc [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method ownership percentage	32.40%
Debt Instrument, Interest Rate at Period End (in percentage)	2.59%
Equity Method Investment Debt Of Partially Owned Entities	$ 1,035,022	1,049,959
Alexanders Inc [Member] \| Minimum [Member]
Schedule Of Equity Method Investments [Line Items]
Maturity, Range, Start	2015
Alexanders Inc [Member] \| Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Maturity, Range, End	2021
Partially owned office buildings [Member]
Schedule Of Equity Method Investments [Line Items]
Debt Instrument, Interest Rate at Period End (in percentage)	5.74%
Equity Method Investment Debt Of Partially Owned Entities	$ 3,632,588	3,622,759
Partially owned office buildings [Member] \| Minimum [Member]
Schedule Of Equity Method Investments [Line Items]
Maturity, Range, Start	2014
Partially owned office buildings [Member] \| Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Maturity, Range, End	2023
India real estate ventures [Member] \| Minimum [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method ownership percentage	4.10%
India real estate ventures [Member] \| Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method ownership percentage	36.50%
India real estate ventures [Member] \| Tcg Urban Infrastructure Holdings [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method ownership percentage	25.00%
Debt Instrument, Interest Rate at Period End (in percentage)	13.23%
Equity Method Investment Debt Of Partially Owned Entities	$ 202,496	199,021
India real estate ventures [Member] \| Tcg Urban Infrastructure Holdings [Member] \| Minimum [Member]
Schedule Of Equity Method Investments [Line Items]
Maturity, Range, Start	2014
India real estate ventures [Member] \| Tcg Urban Infrastructure Holdings [Member] \| Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Maturity, Range, End	2022
Other equity method investments [Member]
Schedule Of Equity Method Investments [Line Items]
Debt Instrument, Interest Rate at Period End (in percentage)	4.56%
Equity Method Investment Debt Of Partially Owned Entities	$ 1,705,703	$ 1,709,509
Other equity method investments [Member] \| Minimum [Member]
Schedule Of Equity Method Investments [Line Items]
Maturity, Range, Start	2014
Other equity method investments [Member] \| Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Maturity, Range, End	2023

Dispositions (Narratives) (Details) ft² in Thousands, $ in Thousands				3 Months Ended
	Mar. 17, 2014 USD ($) ft²	Mar. 02, 2014 USD ($) ft²	Feb. 24, 2014 USD ($)	Mar. 31, 2014 USD ($)	Mar. 31, 2013 USD ($)
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Impairment losses				$ 20,842	$ 1,514
Retail Properties Segment [Member] \| Retail NY Hicksville (Broadway Mall) [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gross proceeds from the sale of real estate			$ 94,000
Net proceeds from the sale of real estate			$ 92,174
Retail Properties Segment [Member] \| Retail CA Los Angeles Beverly Connection [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gross proceeds from the sale of real estate	$ 260,000
Square Footage Of Real Estate Property \| ft²	335
Net gains on sale of real estate	$ 40,000
Retail Properties Segment [Member] \| Retail Springfield Mall [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gross proceeds from the sale of real estate		$ 465,000
Square Footage Of Real Estate Property \| ft²		1,350
Cash proceeds from the sale of real estate		$ 340,000
Impairment losses				$ 20,000
Retail Properties Segment [Member] \| Retail Springfield Mall [Member] \| Pennsylevenia Real Estate Investment Trust [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Operating Partnership Units Value Received From Buyer		$ 125,000

Dispositions (Details 1) - USD ($) $ in Thousands		3 Months Ended
Dispositions (Details 1) - USD ($) $ in Thousands	Mar. 17, 2014	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations		$ 207,575		$ 314,622
Liabilities related to discontinued operations		0		13,950
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Total revenues		8,283	$ 25,990
Total expenses		5,550	20,043
Income from discontinued operations before gain on sale of real estate		2,733	5,947
Impairment losses		(842)	(1,514)
Income from discontinued operations		1,891	206,762
Retail Green Acres Mall [Member]
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Net gains on sale of real estate		0	202,275
Other Real Estate [Member]
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Net gains on sale of real estate		0	$ 54
Retail Properties Segment [Member]
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations		207,575		314,622
Liabilities related to discontinued operations		0		13,950
Retail Properties Segment [Member] \| Retail CA Los Angeles Beverly Connection [Member]
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations		207,575		208,458
Liabilities related to discontinued operations		0		0
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Net gains on sale of real estate	$ 40,000
Retail Properties Segment [Member] \| Retail NY Hicksville (Broadway Mall) [Member]
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations		0		106,164
Liabilities related to discontinued operations		$ 0		$ 13,950

Identified Intangible Assets and Intangible Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 589,973		$ 589,961
Accumulated amortization	(290,214)		(277,998)
Net	299,759		311,963
Gross amount	850,765		856,933
Accumulated amortization	(367,972)		(360,398)
Net	482,793		$ 496,535
Below Market Leases Net Of Above Market Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	11,682	$ 16,177
2015	39,972
2016	38,631
2017	34,929
2018	33,309
2019	30,072
Other Identified Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	9,325	25,213
2015	23,254
2016	20,237
2017	16,821
2018	12,441
2019	11,535
Tenant Under Ground Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	858	$ 1,102
2015	3,430
2016	3,430
2017	3,430
2018	3,430
2019	$ 3,430

Debt (Narratives) (Details) ft² in Millions			3 Months Ended
Debt (Narratives) (Details) ft² in Millions	Apr. 16, 2014 USD ($) ft²	Jan. 31, 2014 USD ($) Extensions	Mar. 31, 2014 USD ($)	Mar. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)
Debt Instrument [Line Items]
Mortgages payable			$ 8,913,358,000		$ 8,331,993,000
Proceeds from borrowings			600,000,000	$ 1,499,375,000
Notes And Mortgages Payable Fixed Rate [Member]
Debt Instrument [Line Items]
Mortgages payable			$ 7,546,030,000		7,563,133,000
Interest Rate, End of Period (in percentage)			4.56%
Notes And Mortgages Payable Fixed Rate [Member] \| New York 909 Third Avenue [Member]
Debt Instrument [Line Items]
Mortgages payable			$ 193,000,000
Interest Rate, End of Period (in percentage)			5.64%
Notes And Mortgages Payable Fixed Rate [Member] \| New York 909 Third Avenue [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Notes And Loans Payable Refinanced Amount	$ 350,000,000
Debt Term	7 years
Interest Rate, End of Period (in percentage)	3.91%
Proceeds from borrowings	$ 145,000,000
Square Footage Of Real Estate Property \| ft²	1.3
Debt Instrument Maturity	May 2021
Notes And Mortgages Payable Variable Rate [Member]
Debt Instrument [Line Items]
Mortgages payable			$ 1,367,328,000		$ 768,860,000
Interest Rate, End of Period (in percentage)			2.55%
Notes And Mortgages Payable Variable Rate [Member] \| New York Manhattan 220 Central Park South Site [Member]
Debt Instrument [Line Items]
Mortgages payable		$ 600,000,000
Interest Rate, End of Period (in percentage)			2.90%
Length Of Extension Available		1 year
Number Of Extensions Available \| Extensions		3
Debt Instrument Maturity		January 2016
Spread Over LIBOR (in percentage)		2.75%

Debt (Summary of Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Notes And Loans Payable	$ 8,913,358	$ 8,331,993
Senior unsecured notes	1,343,442	1,350,855
Revolving credit facility debt	88,138	295,870
Notes And Mortgages Payable Fixed Rate [Member]
Debt Instrument [Line Items]
Notes And Loans Payable	$ 7,546,030	7,563,133
Debt Instrument, Interest Rate at Period End (in percentage)	4.56%
Notes And Mortgages Payable Variable Rate [Member]
Debt Instrument [Line Items]
Notes And Loans Payable	$ 1,367,328	768,860
Debt Instrument, Interest Rate at Period End (in percentage)	2.55%
Total Notes And Mortgages Payable [Member]
Debt Instrument [Line Items]
Notes And Loans Payable	$ 8,913,358	8,331,993
Debt Instrument, Interest Rate at Period End (in percentage)	4.25%
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Senior unsecured notes	$ 1,343,442	1,350,855
Debt Instrument, Interest Rate at Period End (in percentage)	5.67%
Unsecured Revolving Credit Facilities [Member]
Debt Instrument [Line Items]
Revolving credit facility debt	$ 88,138	295,870
Debt Instrument, Interest Rate at Period End (in percentage)	1.31%
Unsecured Debt [Member]
Debt Instrument [Line Items]
Unsecured Debt And Revolving Credit Facility	$ 1,431,580	$ 1,646,725
Debt Instrument, Interest Rate at Period End (in percentage)	5.41%

Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Redeemable Noncontrolling Interests Rollforward [Abstract]
Reedemable Noncontrolling Interest, Beginning Balance	$ 1,003,620	$ 944,152
Net Income	3,860	14,719
Other comprehensive income	361	8,299
Distributions	(8,383)	(8,946)
Redemption of Class A units for common shares, at redemption value	(5,156)	(13,404)
Adjustment to carry Class A redeemable units at redemption value	136,937	44,998
Other, net	9,592	5,264
Reedemable Noncontrolling Interest, Ending Balance	1,140,831	$ 995,082
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	1,139,831		$ 1,002,620
Common Class A [Member]
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	1,139,831		1,002,620
Cumulative Redeemable Preferred Unit [Member]
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Fair value of Series G convertible preferred units and Series D-13 cumulative redeemable preferred units	$ 55,097		$ 55,097

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Accumulated other comprehensive (loss) income, Beginning Balance	$ 71,537	$ (18,946)
OCI before reclassifications	6,089	139,899
Amounts reclassified from AOCI	0	0
Net current period OCI	6,089	139,899
Accumulated other comprehensive (loss) income, Ending Balance	77,626	120,953
Unrealized gain (loss) on securities available for sale [Member]
Accumulated other comprehensive (loss) income, Beginning Balance	119,309	19,432
OCI before reclassifications	13,125	148,789
Amounts reclassified from AOCI	0	0
Net current period OCI	13,125	148,789
Accumulated other comprehensive (loss) income, Ending Balance	132,434	168,221
Pro Rata Share Of Non Consolidated Subsidiaries Oci [Member]
Accumulated other comprehensive (loss) income, Beginning Balance	(11,501)	11,313
OCI before reclassifications	(8,286)	(3,647)
Amounts reclassified from AOCI	0	0
Net current period OCI	(8,286)	(3,647)
Accumulated other comprehensive (loss) income, Ending Balance	(19,787)	7,666
Change in value of interest rate Swap [Member]
Accumulated other comprehensive (loss) income, Beginning Balance	(31,882)	(50,065)
OCI before reclassifications	1,610	2,523
Amounts reclassified from AOCI	0	0
Net current period OCI	1,610	2,523
Accumulated other comprehensive (loss) income, Ending Balance	(30,272)	(47,542)
Other [Member]
Accumulated other comprehensive (loss) income, Beginning Balance	(4,389)	374
OCI before reclassifications	(360)	(7,766)
Amounts reclassified from AOCI	0	0
Net current period OCI	(360)	(7,766)
Accumulated other comprehensive (loss) income, Ending Balance	$ (4,749)	$ (7,392)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Variable Interest Entities (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Variable Interest Entity [Line Items]
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	$ 148,120	$ 152,929

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	$ 205,042	$ 191,917
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	205,042	191,917
Real Estate Fund investments	682,002	667,710
Deferred Compensation Plan Assets	121,970	116,515
Total assets	1,009,014	976,142
Mandatorily redeemable instruments (included in other liabilities)	55,097	55,097
Interest rate swap (included in other liabilities)	30,272	31,882
Total liabilities	$ 85,369	$ 86,979
Other Partners Ownership Interest In Real Estate Fund (in percentage)	75.00%	75.00%
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate, Net at Fair Value	$ 341,660	$ 354,351
Investments in Partially Owned Entities at Fair Value	75,932	83,224
Total Assets, Nonrecurring	417,592	437,575
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	205,042	191,917
Real Estate Fund investments	0	0
Deferred Compensation Plan Assets	54,343	47,733
Total assets	259,385	239,650
Mandatorily redeemable instruments (included in other liabilities)	55,097	55,097
Interest rate swap (included in other liabilities)	0	0
Total liabilities	55,097	55,097
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate, Net at Fair Value	0	0
Investments in Partially Owned Entities at Fair Value	0	0
Total Assets, Nonrecurring	0	0
Fair Value Inputs Level 2 Member \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	0	0
Real Estate Fund investments	0	0
Deferred Compensation Plan Assets	0	0
Total assets	0	0
Mandatorily redeemable instruments (included in other liabilities)	0	0
Interest rate swap (included in other liabilities)	30,272	31,882
Total liabilities	30,272	31,882
Fair Value Inputs Level 2 Member \| Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate, Net at Fair Value	0	0
Investments in Partially Owned Entities at Fair Value	0	0
Total Assets, Nonrecurring	0	0
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	0	0
Real Estate Fund investments	682,002	667,710
Deferred Compensation Plan Assets	67,627	68,782
Total assets	749,629	736,492
Mandatorily redeemable instruments (included in other liabilities)	0	0
Interest rate swap (included in other liabilities)	0	0
Total liabilities	0	0
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate, Net at Fair Value	341,660	354,351
Investments in Partially Owned Entities at Fair Value	75,932	83,224
Total Assets, Nonrecurring	$ 417,592	$ 437,575

Fair Value Measurements (Details 1) $ in Thousands	3 Months Ended
Fair Value Measurements (Details 1) $ in Thousands	Mar. 31, 2014 USD ($) Investments	Mar. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Real Estate Fund Nondepreciable Real Estate	$ 682,002		$ 667,710
Minimum [Member]
Unobservable Quantitative Input [Abstract]
Fair Value Measurement Anticipated Investment Holding Period	3 months 18 days
Maximum [Member]
Unobservable Quantitative Input [Abstract]
Fair Value Measurement Anticipated Investment Holding Period	6 years 3 months 18 days
Real Estate Fund [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number Of Investments Made By Fund \| Investments	9
Real Estate Fund Nondepreciable Real Estate	$ 682,002
Excess of fair value over cost	167,582
Unobservable Quantitative Input [Abstract]
Opening Balance - changes in Level 3 " deferred compensation plan assets"	667,710	$ 600,786
Purchases	123	13,668
Sales/Returns	0	(56,664)
Net unrealized gains	14,169	13,516
Closing Balance - changes in Level 3 " deferred compensation plan assets"	$ 682,002	571,306
Real Estate Fund [Member] \| Minimum [Member]
Unobservable Quantitative Input [Abstract]
Discount rates	12.00%
Terminal capitalization rates	5.00%
Real Estate Fund [Member] \| Maximum [Member]
Unobservable Quantitative Input [Abstract]
Discount rates	17.50%
Terminal capitalization rates	6.10%
Real Estate Fund [Member] \| Weighted Average [Member]
Unobservable Quantitative Input [Abstract]
Discount rates	13.90%
Terminal capitalization rates	5.70%
Deferred Compensation Plan Assets [Member]
Unobservable Quantitative Input [Abstract]
Opening Balance - changes in Level 3 " deferred compensation plan assets"	$ 68,782	62,631
Purchases	1,644	2,707
Sales/Returns	(5,124)	(2,697)
Realized and unrealized gain	2,172	1,354
Other, Net	153	1,015
Closing Balance - changes in Level 3 " deferred compensation plan assets"	$ 67,627	$ 65,010

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes	$ 1,343,442	$ 1,350,855
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	922,872	295,000
Mortgage and mezzanine loans receivable	42,749	170,972
Total assets	965,621	465,972
Mortgages payable	8,913,358	8,331,993
Senior unsecured notes	1,343,442	1,350,855
Revolving credit facility debt	88,138	295,870
Total debt	10,344,938	9,978,718
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	923,000	295,000
Mortgage and mezzanine loans receivable	43,000	171,000
Total assets	966,000	466,000
Mortgages payable	8,763,000	8,104,000
Senior unsecured notes	1,398,000	1,402,000
Revolving credit facility debt	88,000	296,000
Total debt	$ 10,249,000	$ 9,802,000

Incentive Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
Incentive Compensation (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Mar. 31, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share Based Compensation Expense (in dollars)	$ 11,024	$ 7,466
Out Performance Plan 2014 [Member]
Out Performance Plan [Abstract]
Duration Of Performance Measurement Period	3 years
Award vesting in three years	33.00%
Award vesting in four years	33.00%
Award vesting in five years	34.00%
Out Performance Plan 2014 [Member] \| Absolute [Member]
Out Performance Plan [Abstract]
Required Shareholder Return Per Year	7.00%
Required Shareholder Return Three Year	21.00%
Out Performance Plan 2014 [Member] \| Relative [Member]
Out Performance Plan [Abstract]
Required Shareholder Return Under Relative Component	6.00%
Percentage Of Shareholder Return Under Which No Awards Will Be Earned	0.00%

Fee and Other Income (Details) - USD ($) $ in Thousands	3 Months Ended
Fee and Other Income (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Mar. 31, 2013
Fee And Other Income [Line Items]
BMS cleaning fees	$ 18,956	$ 16,664
Signage Revenue	9,318	6,481
Management and leasing fees	6,214	5,253
Lease termination fees	3,793	59,968
Other income	7,647	8,447
Fee and other income	45,928	96,813
Interstate Properties [Member]
Fee And Other Income [Line Items]
Management and leasing fees	134	$ 203
Stop & Shop [Member]
Loss Contingencies [Line Items]
Gain related to litigation settlement	$ 59,599

Interest and Other Investment Income (Loss), Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Mark-to-market of investments in our deferred compensation plan	$ 4,400	$ 3,446
Dividends and interest on marketable securities	3,106	2,770
Interest on mezzanine loans receivable	2,384	5,077
Non-cash impairment loss on J.C. Penney common shares	0	(39,487)
Loss from the mark-to-market of J.C. Penney derivative position	0	(22,540)
Other, net	2,003	1,659
Interest and other investment (loss) income, net	$ 11,893	$ (49,075)

Interest and Debt Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Interest Expense Debt [Abstract]
Interest expense	$ 118,252	$ 123,228
Amortization of deferred financing costs	4,812	5,378
Capitalized interest	(13,622)	(8,260)
Interest and Debt Expense, Total	$ 109,442	$ 120,346

Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Per Share [Abstract]
Income from continuing operations, net of income attributable to noncontrolling interests	$ 80,936	$ 67,986
Income from discontinued operations, net of income attributable to noncontrolling interests	1,781	194,936
Net income attributable to Vornado	82,717	262,922
Preferred share dividends	(20,368)	(21,702)
Preferred unit and share redemptions	0	(9,230)
Net income attributable to common shareholders	62,349	231,990
Earnings allocated to unvested participating securities	(30)	(56)
Numerator for basic income per share	62,319	231,934
Convertible preferred share dividends	0	28
Numerator for diluted income per share	$ 62,319	$ 231,962
Denominator for basic income per share - weighted average shares	187,307	186,752
Employee stock options and restricted share awards (in shares)	933	727
Convertible preferred shares	0	50
Denominator for diluted income per share - weighted average shares and assumed conversions (in shares)	188,240	187,529
INCOME PER COMMON SHARE - BASIC:
Income from continuing operations, net (in dollars per share)	$ 0.32	$ 0.20
Income from discontinued operations, net (in dollars per share)	0.01	1.04
Net income per common share (in dollars per share)	0.33	1.24
INCOME PER COMMON SHARE - DILUTED:
Income from continuing operations, net (in dollars per share)	0.32	0.20
Income from discontinued operations, net (in dollars per share)	0.01	1.04
Net income per common share (in dollars per share)	$ 0.33	$ 1.24

Income Per Share (Parentheticals) (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Per Share [Abstract]
Weighted average common share equivalents of excluded dilutive securities due to anti-dilutive effect	11,326	11,997

Commitments and Contingencies (Details) $ in Thousands	3 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Mar. 31, 2014 USD ($)
Loss Contingencies [Line Items]
Guarantees and master leases	$ 420,000
Outstanding letters of credit	38,477
Commitment to fund additional capital to partially owned entities	$ 125,000
NBCR Losses [Member]
Loss Contingencies [Line Items]
Federal government deductible, percentage of balance of a covered loss	85.00%
Earthquake California Properties [Member]
Loss Contingencies [Line Items]
Insurance limit per occurrence	$ 180,000
Vornado deductible, percentage of property value	5.00%
Vornado deductible, annual aggregate	$ 180,000
All Risk And Rental Value [Member]
Loss Contingencies [Line Items]
Insurance limit per occurrence	2,000,000
General Liability [Member]
Loss Contingencies [Line Items]
Insurance limit per occurrence	300,000
Terrorism Acts [Member]
Loss Contingencies [Line Items]
Insurance limit per occurrence	4,000,000
PPIC [Member] \| NBCR Losses [Member]
Loss Contingencies [Line Items]
Insurance deductible	$ 2,150
Insurance Deductible Percentage Of Balance Of Covered Loss	15.00%

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]
Total Revenues	$ 660,618	$ 718,713
Total expenses	494,984	468,419
Operating income	165,634	250,294
Income from partially owned entities	1,979	22,525
Income from real estate fund	18,148	16,564
Interest and other investment income (loss), net	11,893	(49,075)
Interest and debt expense	(109,442)	(120,346)
Net gain on disposition of wholly owned and partially owned assets other than depreciable real estate	9,635	(36,724)
Income before income taxes	97,847	83,238
Income tax expense	(1,582)	(1,073)
Income from continuing operations	96,265	82,165
Income from discontinued operations	1,891	206,762
Net income	98,156	288,927
Less net (income) loss attributable to noncontrolling interests	(15,439)	(26,005)
Net income attributable to Vornado	82,717	262,922
Interest and debt expense (2)	170,952	188,780
Depreciation and amortization (2)	196,339	194,185
Income tax (benefit) expense (2)	19,831	60,759
EBITDA	469,839	706,646
New York Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenues	371,282	364,801
Total expenses	241,999	242,927
Operating income	129,283	121,874
Income from partially owned entities	1,566	5,605
Interest and other investment income (loss), net	1,475	1,165
Interest and debt expense	(42,839)	(40,431)
Income before income taxes	89,485	88,213
Income tax expense	(969)	(272)
Income from continuing operations	88,516	87,941
Income from discontinued operations		2,728
Net income	88,516	90,669
Less net (income) loss attributable to noncontrolling interests	(1,405)	(1,581)
Net income attributable to Vornado	87,111	89,088
Interest and debt expense (2)	58,068	49,689
Depreciation and amortization (2)	87,587	78,413
Income tax (benefit) expense (2)	1,032	347
EBITDA	233,798	217,537
Washington DC Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenues	135,278	134,731
Total expenses	89,572	85,197
Operating income	45,706	49,534
Income from partially owned entities	(1,266)	(2,093)
Interest and other investment income (loss), net	36	76
Interest and debt expense	(19,347)	(28,250)
Income before income taxes	25,129	19,267
Income tax expense	199	(378)
Income from continuing operations	25,328	18,889
Income from discontinued operations		0
Net income	25,328	18,889
Net income attributable to Vornado	25,328	18,889
Interest and debt expense (2)	22,798	31,753
Depreciation and amortization (2)	36,150	35,148
Income tax (benefit) expense (2)	(189)	454
EBITDA	84,087	86,244
Retail Properties Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenues	88,805	142,212
Total expenses	82,231	48,580
Operating income	6,574	93,632
Income from partially owned entities	538	901
Interest and other investment income (loss), net	9	51
Interest and debt expense	(9,217)	(10,286)
Net gain on disposition of wholly owned and partially owned assets other than depreciable real estate	0
Income before income taxes	(2,096)	84,298
Income tax expense	(731)	0
Income from continuing operations	(2,827)	84,298
Income from discontinued operations	1,714	205,382
Net income	(1,113)	289,680
Less net (income) loss attributable to noncontrolling interests	(17)	(96)
Net income attributable to Vornado	(1,130)	289,584
Interest and debt expense (2)	10,351	14,223
Depreciation and amortization (2)	25,328	18,519
Income tax (benefit) expense (2)	731	0
EBITDA	35,280	322,326
Toys R Us Segment [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	1,847	1,759
Income before income taxes	1,847	1,759
Income from continuing operations	1,847	1,759
Net income	1,847	1,759
Net income attributable to Vornado	1,847	1,759
Interest and debt expense (2)	38,549	43,182
Depreciation and amortization (2)	26,924	37,674
Income tax (benefit) expense (2)	18,077	59,346
EBITDA	85,397	141,961
Other Segment [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenues	65,253	76,969
Total expenses	81,182	91,715
Operating income	(15,929)	(14,746)
Income from partially owned entities	(706)	16,353
Income from real estate fund	18,148	16,564
Interest and other investment income (loss), net	10,373	(50,367)
Interest and debt expense	(38,039)	(41,379)
Net gain on disposition of wholly owned and partially owned assets other than depreciable real estate	9,635	(36,724)
Income before income taxes	(16,518)	(110,299)
Income tax expense	(81)	(423)
Income from continuing operations	(16,599)	(110,722)
Income from discontinued operations	177	(1,348)
Net income	(16,422)	(112,070)
Less net (income) loss attributable to noncontrolling interests	(14,017)	(24,328)
Net income attributable to Vornado	(30,439)	(136,398)
Interest and debt expense (2)	41,186	49,933
Depreciation and amortization (2)	20,350	24,431
Income tax (benefit) expense (2)	180	612
EBITDA	$ 31,277	$ (61,422)

Segment Information (Parentheticals) (Details) - USD ($) $ in Thousands		3 Months Ended
	Apr. 19, 2013	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		$ 469,839	$ 706,646
LNR [Member]
Segment Reporting Information [Line Items]
Sales Of Real Estate	$ 1,053,000
New York Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		233,798	217,537
New York Segment [Member] \| Alexanders Inc [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		10,430	10,541
New York Segment [Member] \| Hotel Pennsylvania [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		(706)	318
New York Segment [Member] \| Retail Properties [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		66,195	60,382
New York Segment [Member] \| Office Properties [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		157,879	146,296
Washington DC Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		84,087	86,244
Washington DC Segment [Member] \| Washington Dc Office Excluding Skyline Properties [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		67,257	67,107
Washington DC Segment [Member] \| Washington DC Skyline Properties [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		6,499	8,162
Washington DC Segment [Member] \| Washington Dc Residential Property [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		10,331	10,975
Washington DC Segment [Member] \| Office Properties [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		73,756	75,269
Retail Properties Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		35,280	322,326
Retail Properties Segment [Member] \| Retail Segment Strip Shopping Centers [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		41,321	103,361
Retail Properties Segment [Member] \| Retail Segment Strip Shopping Centers [Member] \| Litigation Settlement Income [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			59,599
Retail Properties Segment [Member] \| Retail Segment Regional Malls [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		(6,041)	218,965
Retail Properties Segment [Member] \| Retail Segment Regional Malls [Member] \| Net Gain On Sale Of Real Estate [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			202,275
Retail Properties Segment [Member] \| Retail Segment Regional Malls [Member] \| Impairment Of Development Costs [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		20,000
Other Segment [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		31,277	(61,422)
Other Segment [Member] \| LNR [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			20,443
Other Segment [Member] \| Merchandise Mart Other [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		19,087	16,854
Other Segment [Member] \| Other Properties 555 California Street [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		12,066	10,629
Other Segment [Member] \| India real estate ventures [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		1,824	1,759
Other Segment [Member] \| Lexington Realty Trust [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			6,931
Other Segment [Member] \| Other Investments [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		4,919	3,117
Other Segment [Member] \| Other EBITDA attributable to identifiable investments [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		45,195	66,757
Other Segment [Member] \| Corporate General And Administrative Expenses Excluding Mark To Market Of Deferred Compensation Plan Assets And Offsetting Liability [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		(25,982)	(22,756)
Other Segment [Member] \| Marketable Equity Securities [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			(39,487)
Other Segment [Member] \| Investment Income And Other Excluding Mark To Market Of Deferred Compensation Plan Assets And Offsetting Liability [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		8,073	11,336
Other Segment [Member] \| Net Gain On Sale Of Marketable Securities Land Parcels And Residential Condominimums [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		9,635
Other Segment [Member] \| Loss On Sale Of J C Penney Common Shares [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			(36,800)
Other Segment [Member] \| Derivative Positions in Marketable Equity Securities [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			(22,540)
Other Segment [Member] \| Acquisition Costs [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		(1,784)	(601)
Other Segment [Member] \| Severance Costs [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			(2,612)
Other Segment [Member] \| Net Income Attributable To Operating Partnership [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		(3,848)	(13,933)
Other Segment [Member] \| Preferred Unit Distributions Of The Operating Partnership [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		(12)	(786)
Other Segment [Member] \| Income before net realized / unrealized gains (Operations) [Member] \| Real Estate Fund [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		1,982	1,462
Other Segment [Member] \| Carried Interest [Member] \| Real Estate Fund [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		1,775	2,183
Other Segment [Member] \| Unrealized Gain From Mark To Market [Member] \| Real Estate Fund [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		3,542	3,379
Other Segment [Member] \| Our Total Share Of Real Estate Fund [Member] \| Real Estate Fund [Member] \| Other Non-Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization		$ 7,299	$ 7,024