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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Property rentals $ 151,444 $ 138,688 $ 136,628
Expense reimbursements 75,492 69,227 64,186
Total revenues 226,936 207,915 200,814
EXPENSES      
Operating, including fees to Vornado of $4,590, $4,476, and $4,516, respectively 82,232 76,218 69,897
Depreciation and amortization 33,807 31,086 29,196
General and administrative, including management fees to Vornado of $2,380 in each year 5,436 5,406 5,032
Total expenses 121,475 112,710 104,125
OPERATING INCOME 105,461 95,205 96,689
Interest and other income, net 3,305 5,949 2,434
Interest and debt expense (22,241) (24,239) (32,068)
Income before income taxes 86,525 76,915 67,055
Income tax (expense) benefit (48) (8) 341
Income from continuing operations 86,477 76,907 67,396
Income from discontinued operations 0 0 529
Net income $ 86,477 $ 76,907 $ 67,925
Income per common share- basic and diluted:      
Income from continuing operations (in dollars per share) $ 16.91 $ 15.04 $ 13.19
Income from discontinued operations (in dollars per share) 0 0 0.1
Net income per common share (in dollars per share) $ 16.91 $ 15.04 $ 13.29
Weighted average shares outstanding (in shares) 5,114,084 5,112,352 5,110,628