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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES        
Property rentals $ 33,918 $ 33,779 $ 101,759 $ 101,034
Expense reimbursements 15,968 14,863 44,204 41,787
Total revenues 49,886 48,642 145,963 142,821
EXPENSES        
Operating, including fees to Vornado of $1,084, $1,146, $3,068 and $3,231, respectively 16,929 16,445 46,959 45,184
Depreciation and amortization 7,272 7,225 21,730 21,577
General and administrative, including management fees to Vornado of $595, $540, $1,785 and $1,620, respectively 1,268 1,177 4,034 3,895
Total expenses 25,469 24,847 72,723 70,656
OPERATING INCOME 24,417 23,795 73,240 72,165
Interest and other income, net 374 41 1,147 111
Interest and debt expense (11,140) (11,422) (33,428) (34,206)
Income before income taxes 13,651 12,414 40,959 38,070
Income tax benefit (expense) 173 (4) 166 (62)
Income from continuing operations 13,824 12,410 41,125 38,008
Income from discontinued operations 0 6,938 0 20,002
Net income 13,824 19,348 41,125 58,010
Net income attributable to the noncontrolling interest 0 (492) 0 (780)
Net income attributable to Alexander's $ 13,824 $ 18,856 $ 41,125 $ 57,230
Income per common share - basic and diluted:        
Income from continuing operations (in dollars per share) $ 2.71 $ 2.43 $ 8.05 $ 7.44
Income from discontinued operations, net (in dollars per share) $ 0 $ 1.26 $ 0 $ 3.76
Net income per common share (in dollars per share) $ 2.71 $ 3.69 $ 8.05 $ 11.20
Weighted average shares outstanding (in shares) 5,109,717 5,108,016 5,108,832 5,107,474
Dividends per common share (in dollars per share) $ 2.75 $ 3.75 $ 8.25 $ 11.25