| Cash Flow | 2025-09-30 |
|---|---|
| Net income | 932,290 |
| Prepaid lease payment (net of initial direct costs) | -901,409 |
| Gain on sales-type lease | 803,248 |
| Depreciation and amortization (including amortization of deferred financing costs) | 363,383 |
| Equity in net income of partially owned entities | 135,588 |
| Distributions of income from partially owned entities | 80,548 |
| Straight-lining of rents | 44,235 |
| Net gains on disposition of wholly owned and partially owned assets | 24,039 |
| Amortization of interest rate cap premiums | 20,387 |
| Stock-based compensation expense | 19,114 |
| Change in deferred tax liability | 683 |
| Amortization of below-market leases, net | 284 |
| Other non-cash adjustments | -2,488 |
| Tenant and other receivables | 30,318 |
| Prepaid assets | 52,554 |
| Other assets | 94,291 |
| Lease liabilities | -41,303 |
| Accounts payable and accrued expenses | 20,519 |
| Other liabilities | -2,849 |
| Net cash provided by operating activities | 1,112,112 |
| Net cash provided by (used in) investing activities | 208,524 |
| Repayments of borrowings | 1,900,683 |
| Proceeds from borrowings | 835,420 |
| Dividends paid on preferred shares | 46,578 |
| Deferred financing costs | 6,809 |
| Contributions from noncontrolling interests | 1,927 |
| Distributions to noncontrolling interests | 1,396 |
| Other financing activity, net | -41 |
| Net cash used in financing activities | -1,118,160 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 202,476 |
| Cash and cash equivalents at beginning of period | 949,619 |
| Cash and cash equivalents at end of period | 1,152,095 |
VORNADO REALTY TRUST (VNO-PL)
VORNADO REALTY TRUST (VNO-PL)