Discontinued Operations

3 Months Ended

Mar. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations [Text Block]

6.Discontinued Operations

In accordance with the provisions of Accounting Standards Codification (“ASC”) Topic 360, Property, Plant and Equipment, we have reclassified the revenues and expenses of Kings Plaza, which was sold in November 2012, to “income from discontinued operations” for all periods on our consolidated statements of income. The table below sets forth the results of operations of Kings Plaza for the three months ended March 31,2012.

		Three Months
		Ended March 31,
(Amounts in thousands)			2013		2012
Total revenues		$	-	$	16,359
Total expenses(1)			-		9,967
Income from discontinued operations		$	-	$	6,392
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(1)	Includes $445 of fees to Vornado.