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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real estate, at cost:    
Land $ 33,050 $ 33,050
Buildings and leasehold improvements 1,029,504 1,014,525
Development and construction in progress 22,044 21,851
Total 1,084,598 1,069,426
Accumulated depreciation and amortization (396,268) (370,557)
Real estate, net 688,330 698,869
Cash and cash equivalents 194,933 463,539
Restricted cash 19,545 19,966
Investments in U.S. Treasury bills 266,963 0
Tenant and other receivables 4,705 6,385
Receivable arising from the straight-lining of rents 127,497 135,457
Deferred lease costs, net, including unamortized leasing fees to Vornado of $22,174 and $23,943, respectively 28,490 31,312
Other assets 67,313 36,437
Assets 1,397,776 1,391,965
LIABILITIES AND EQUITY    
Mortgages payable, net of deferred debt issuance costs 1,091,051 1,089,613
Amounts due to Vornado 801 879
Accounts payable and accrued expenses 48,785 44,681
Other liabilities 20,640 4,203
Total liabilities 1,161,277 1,139,376
Commitments and contingencies
Preferred stock: $1.00 par value per share; authorized, 3,000,000 shares; issued and outstanding, none 0 0
Common stock: $1.00 par value per share; authorized, 10,000,000 shares; issued, 5,173,450 shares; outstanding, 5,107,290 shares 5,173 5,173
Additional capital 33,865 33,415
Retained earnings 172,243 206,875
Accumulated other comprehensive income 25,586 7,494
Equity before treasury stock 236,867 252,957
Treasury stock: 66,160 shares, at cost (368) (368)
Total equity 236,499 252,589
Total liabilities and equity $ 1,397,776 $ 1,391,965