Discontinued Operations

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2012.

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(Amounts in thousands)			2013		2012		2013		2012
Total revenues		$	-	$	16,724	$	-	$	33,083
Total expenses(1)			-		10,052		-		20,019
Income from discontinued operations		$	-	$	6,672	$	-	$	13,064
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(1)	Includes fees to Vornado of $432 and $877 in the three and six months ended June 30, 2012, respectively.