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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES      
Rental revenues $ 226,350 $ 232,825 $ 230,574
EXPENSES      
Operating, including fees to Vornado of $5,386, $4,700 and $4,671, respectively (89,738) (93,775) (85,127)
Depreciation and amortization (31,351) (33,089) (34,925)
General and administrative, including management fees to Vornado of $2,380 (5,772) (5,343) (5,255)
Total expenses (126,861) (132,207) (125,307)
Interest and other income, net 8,244 12,546 6,716
Interest and debt expense (38,901) (44,533) (31,474)
Change in fair value of marketable securities (see Note 5) (8,757) (11,990) 0
Income from continuing operations 60,075 56,641 80,509
Loss from discontinued operations (see Note 6) 0 (23,797) 0
Net income $ 60,075 $ 32,844 $ 80,509
Income per common share - basic and diluted:      
Income from continuing operations - basic and diluted (in usd per share) $ 11.74 $ 11.07 $ 15.74
Loss from discontinued operations - basic and diluted (in usd per share) 0 (4.65) 0
Net income per common share - basic and diluted (in usd per share) $ 11.74 $ 6.42 $ 15.74
Weighted average shares outstanding - basic and diluted (in shares) 5,118,198 5,116,838 5,115,501