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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Rental revenues $ 49,824 $ 51,388 $ 99,039 $ 107,541
EXPENSES        
Operating, including fees to Vornado of $1,536, $1,489, $2,914 and $3,049, respectively (21,372) (23,422) (42,914) (47,222)
Depreciation and amortization (7,413) (8,132) (14,764) (16,674)
General and administrative, including management fees to Vornado of $610, $595, $1,220 and $1,190, respectively (1,916) (1,823) (3,385) (3,366)
Total expenses (30,701) (33,377) (61,063) (67,262)
Interest and other income, net 1,173 151 1,267 323
Interest and debt expense (5,482) (5,086) (9,897) (10,226)
Change in fair value of marketable securities 0 3,698 0 4,280
Net gain on sale of real estate 0 9,124 0 9,124
Net income $ 14,814 $ 25,898 $ 29,346 $ 43,780
Net income per common share - basic (in usd per share) $ 2.89 $ 5.05 $ 5.73 $ 8.55
Net income per common share - diluted (in usd per share) $ 2.89 $ 5.05 $ 5.73 $ 8.55
Weighted average shares outstanding - basic (in shares) 5,125,710 5,123,255 5,125,098 5,122,733
Weighted average shares outstanding - diluted (in shares) 5,125,710 5,123,255 5,125,098 5,122,733