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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,572 $ 17,865
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 9,202 9,118
Straight-lining of rental income 1,935 645
Change in fair value of marketable securities 11,395 (38)
Changes in operating assets and liabilities:    
Tenant and other receivables, net 1,225 (1,123)
Other assets (12,707) 13,340
Amounts due to Vornado (597) 710
Accounts payable and accrued expenses 10,166 7,717
Other liabilities (156) (151)
Net cash provided by operating activities 25,035 48,083
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (6,961) (1,816)
Net cash used in investing activities (6,961) (1,816)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (23,034) (23,028)
Debt issuance costs (79) 0
Proceeds from borrowing 145,708 0
Net cash provided by (used in) financing activities 122,595 (23,028)
Net increase in cash and cash equivalents and restricted cash 140,669 23,239
Cash and cash equivalents and restricted cash at beginning of period 313,977 289,495
Cash and cash equivalents and restricted cash at end of period 454,646 312,734
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents at beginning of period 298,063 283,056
Restricted cash at beginning of period 15,914 6,439
Cash and cash equivalents and restricted cash at beginning of period 313,977 289,495
Cash and cash equivalents at end of period 438,342 302,944
Restricted cash at end of period 16,304 9,790
Cash and cash equivalents and restricted cash at end of period 454,646 312,734
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 7,805 8,965
NON-CASH TRANSACTIONS    
Liability for real estate additions, including $146 and $24 for development fees due to Vornado in 2020 and 2019, respectively 3,209 829
Write-off of fully amortized and/or depreciated assets 367 0
Lease liability arising from the recognition of right-of-use asset 0 5,428
Reclassification of prepaid real estate taxes to construction in progress for property in redevelopment $ 0 $ 1,466