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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES        
Property rentals $ 33,779 $ 33,514 $ 101,034 $ 100,486
Expense reimbursements 14,863 13,435 41,787 38,202
Total revenues 48,642 46,949 142,821 138,688
EXPENSES        
Operating (including fees to Vornado of $1,146, $917, $3,231, and $2,649, respectively) 16,445 14,463 45,184 41,029
Depreciation and amortization 7,225 7,083 21,577 20,931
General and administrative (including management fees to Vornado of $540 and $1,620 in each three and nine-month period) 1,177 1,297 3,895 2,899
Total expenses 24,847 22,843 70,656 64,859
OPERATING INCOME 23,795 24,106 72,165 73,829
Interest and other income, net 41 67 111 217
Interest and debt expense (11,422) (9,230) (34,206) (32,613)
Income before income taxes 12,414 14,943 38,070 41,433
Income tax (expense) benefit (4) (2) (62) 80
Income from continuing operations 12,410 14,941 38,008 41,513
Income from discontinued operations 6,938 7,327 20,002 18,762
Net income 19,348 22,268 58,010 60,275
Net income attributable to the noncontrolling interest (492) (1,843) (780) (1,486)
Net income attributable to Alexander's $ 18,856 $ 20,425 $ 57,230 $ 58,789
Net income per common share - basic        
Income from continuing operations - basic (in dollars per share) $ 2.43 $ 2.93 $ 7.44 $ 8.13
Income from discontinued operations, net - basic (in dollars per share) $ 1.26 $ 1.07 $ 3.76 $ 3.38
Net income per common share - basic (in dollars per share) $ 3.69 $ 4.00 $ 11.20 $ 11.51
Weighted average shares outstanding - basic (in shares) 5,108,016 5,106,984 5,107,474 5,106,427
Net income per common share - diluted        
Income from continuing operations - diluted (in dollars per share) $ 2.43 $ 2.93 $ 7.44 $ 8.13
Income from discontinued operations, net - diluted (in dollars per share) $ 1.26 $ 1.07 $ 3.76 $ 3.38
Net income per common share - diluted (in dollars per share) $ 3.69 $ 4.00 $ 11.20 $ 11.51
Weighted average shares outstanding - diluted (in shares) 5,108,016 5,106,984 5,107,474 5,106,427
Dividends per common share $ 3.75 $ 3.00 $ 11.25 $ 9.00