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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
REVENUES    
Property rentals $ 34,136 $ 34,171
Expense reimbursements 15,332 14,604
Total revenues 49,468 48,775
EXPENSES    
Operating, including fees to Vornado of $1,089 and $982, respectively 16,490 15,607
Depreciation and amortization 7,261 7,223
General and administrative, including management fees to Vornado of $595 in each period 1,187 1,017
Total expenses 24,938 23,847
OPERATING INCOME 24,530 24,928
Interest and other income, net 401 385
Interest and debt expense (9,684) (11,148)
Income before income taxes 15,247 14,165
Income tax expense (3) (3)
Net income $ 15,244 $ 14,162
Income per common share- basic and diluted:    
Net income per common share- basic and diluted (in dollars per share) $ 2.98 $ 2.77
Weighted average shares outstanding - (in shares) 5,109,717 5,108,016
Dividends per common share (in dollars per share) $ 3.25 $ 2.75