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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 16,903 $ 29,148
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 17,792 18,278
Straight-lining of rental income 8,820 1,313
Write-off of tenant receivables 1,022 0
Stock-based compensation 600 394
Change in fair value of marketable securities 9,558 5,240
Dividends received in stock (214) 0
Changes in operating assets and liabilities:    
Tenant and other receivables, net (2,646) (652)
Other assets 1,687 (2,054)
Amounts due to Vornado (692) 2,679
Accounts payable and accrued expenses 241 (3,246)
Other liabilities (315) (302)
Net cash provided by operating activities 52,756 50,798
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (13,009) (4,901)
Net cash used in investing activities (13,009) (4,901)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (46,068) (46,056)
Debt issuance costs (99) (14)
Proceeds from borrowing 145,708 0
Net cash provided by (used in) financing activities 99,541 (46,070)
Net increase (decrease) in cash and cash equivalents and restricted cash 139,288 (173)
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 453,265 289,322
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 441,905 283,948
Restricted cash at end of period 11,360 5,374
Cash and cash equivalents and restricted cash at end of period 453,265 289,322
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 13,510 18,107
NON-CASH TRANSACTIONS    
Liability for real estate additions, including $269 and $29 for development fees due to Vornado in 2020 and 2019, respectively 3,289 791
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