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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Property rentals $ 38,273 $ 36,653
Expense reimbursements 18,956 18,905
Total revenues 57,229 55,558
EXPENSES    
Operating, including fees to Vornado of $1,128 and $1,255, respectively 20,921 19,654
Depreciation and amortization 8,045 8,333
General and administrative, including management fees to Vornado of $595 in each period 1,156 1,235
Total expenses 30,122 29,222
OPERATING INCOME 27,107 26,336
Interest and other income, net 727 1,091
Interest and debt expense (6,160) (5,406)
Income before income taxes 21,674 22,021
Income tax expense (7) (2)
Net income $ 21,667 $ 22,019
Income per common share- basic and diluted:    
Net income per common share- basic and diluted (in dollars per share) $ 4.24 $ 4.31
Weighted average shares outstanding - basic and diluted (in shares) 5,114,701 5,113,077
Dividends per common share (in dollars per share) $ 4.25 $ 4