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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES    
Property rentals $ 38,241 $ 38,273
Expense reimbursements 19,639 18,956
Total revenues 57,880 57,229
EXPENSES    
Operating, including fees to Vornado of $1,166 and $1,128, respectively 22,277 20,921
Depreciation and amortization 8,283 8,045
General and administrative, including management fees to Vornado of $595 in each period 1,261 1,156
Total expenses 31,821 30,122
OPERATING INCOME 26,059 27,107
Interest and other income, net 3,038 727
Interest and debt expense (9,829) (6,160)
Change in fair value of marketable securities (see Note 7) (5,170) 0
Income before income taxes 14,098 21,674
Income tax expense (1) (7)
Income from continuing operations 14,097 21,667
Loss from discontinued operations (see Note 8) (23,797) 0
Net (loss) income $ (9,700) $ 21,667
Income from continuing operations - basic and diluted (in usd per share) $ 2.75 $ 4.24
Loss from discontinuing operations (see Note 8) - basic and diluted (in usd per share) (4.65) 0.00
Net (loss) income per common share - basic and diluted (in usd per share) $ (1.90) $ 4.24
Weighted average shares outstanding - basic and diluted 5,115,982 5,114,701
Dividends per common share (in usd per share) $ 4.5 $ 4.25