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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES      
Revenues $ 206,148 $ 199,142 $ 226,350
EXPENSES      
Operating, including fees to Vornado of $5,952, $5,429 and $5,386, respectively (91,089) (88,403) (89,738)
Depreciation and amortization (32,938) (32,357) (31,351)
General and administrative, including management fees to Vornado of $2,380 (5,924) (6,307) (5,772)
Total expenses (129,951) (127,067) (126,861)
Interest and other income, net 639 2,667 8,244
Interest and debt expense (19,686) (24,204) (38,901)
Change in fair value of marketable securities 3,482 (8,599) (8,757)
Net gain on sale of real estate 69,950 0 0
Income from continuing operations 130,582 41,939 60,075
Income from discontinued operations (see Note 7) 2,348 0 0
Net income $ 132,930 $ 41,939 $ 60,075
Income per common share - basic and diluted:      
Income from continuing operations, basic (usd per share) $ 25.48 $ 8.19 $ 11.74
Income from continuing operations, diluted (usd per share) 25.48 8.19 11.74
Income from discontinued operations (see Note 7), basic (usd per share) 0.46 0 0
Income from discontinued operations (see Note 7), diluted (usd per share) 0.46 0 0
Net income per common share, diluted (in dollars per share) 25.94 8.19 11.74
Net income per common share, basic (usd per share) $ 25.94 $ 8.19 $ 11.74
Weighted average shares outstanding - basic (in shares) 5,123,613 5,120,922 5,118,198
Weighted average shares outstanding - diluted (in shares) 5,123,613 5,120,922 5,118,198