Discontinued Operations

9 Months Ended

Sep. 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 nine months ended September 30, 2012.

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(Amounts in thousands)		2013		2012		2013		2012
Total revenues		$	-	$	17,518	$	-	$	50,601
Total expenses(1)			-		10,580		-		30,599
Income from discontinued operations		$	-	$	6,938	$	-	$	20,002
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(1)	Includes fees to Vornado of $433 and $1,310 in the three and nine months ended September 30, 2012, respectively.