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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Rental revenues $ 49,215 $ 56,153
EXPENSES    
Operating, including fees to Vornado of $1,378 and $1,560, respectively (21,542) (23,800)
Depreciation and amortization (7,351) (8,542)
General and administrative, including management fees to Vornado of $610 and $595, respectively (1,469) (1,543)
Total expenses (30,362) (33,885)
Interest and other income, net 94 172
Interest and debt expense (4,415) (5,140)
Change in fair value of marketable securities 0 582
Net income $ 14,532 $ 17,882
Net income per common share - basic (in usd per share) $ 2.84 $ 3.49
Net income per common share - diluted (in usd per share) $ 2.84 $ 3.49
Weighted average shares outstanding - basic (in shares) 5,124,478 5,122,206
Weighted average shares outstanding - diluted (in shares) 5,124,478 5,122,206