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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 32,072 $ 27,301
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 15,876 15,660
Straight-lining of rental income (1,282) (2,210)
Stock-based compensation expense 394 394
Change in operating assets and liabilities:    
Tenant and other receivables, net 642 (348)
Other assets (22,169) (17,772)
Amounts due to Vornado (818) (1,562)
Accounts payable and accrued expenses (2,448) (5,099)
Other liabilities (5) (32)
Net cash provided by operating activities 22,262 16,332
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (13,362) (3,219)
Restricted cash 4,457 1,431
Net cash used in investing activities (8,905) (1,788)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (315,670) (7,888)
Proceeds from borrowing 300,000 0
Dividends paid (33,213) (28,094)
Debt issuance costs (4,263) (85)
Net cash used in financing activities (53,146) (36,067)
Net decrease in cash and cash equivalents (39,789) (21,523)
Cash and cash equivalents at beginning of period 347,718 353,396
Cash and cash equivalents at end of period 307,929 331,873
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest, excluding capitalized interest of $85 in 2014 17,238 21,107
NON-CASH TRANSACTIONS    
Liability for real estate additions included in accounts payable and accrued expenses 8,850 2,284
Write-off of fully amortized and depreciated assets $ 10,569 $ 0