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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real estate, at cost:    
Land $ 32,271 $ 33,050
Buildings and leasehold improvements 1,036,129 1,029,504
Development and construction in progress 0 22,044
Total 1,068,400 1,084,598
Accumulated depreciation and amortization (412,015) (396,268)
Real estate, net 656,385 688,330
Cash and cash equivalents 507,918 194,933
Restricted cash 21,163 19,545
Investments in U.S. Treasury bills 0 266,963
Tenant and other receivables 6,420 4,705
Receivable arising from the straight-lining of rents 121,548 127,497
Deferred leasing costs, net, including unamortized leasing fees to Vornado of $20,778 and $22,174, respectively 26,306 28,490
Other assets 71,156 67,313
Total assets 1,410,896 1,397,776
LIABILITIES AND EQUITY    
Mortgages payable, net of deferred debt issuance costs 1,092,125 1,091,051
Amounts due to Vornado 1,500 801
Accounts payable and accrued expenses 44,534 48,785
Other liabilities 20,913 20,640
Total liabilities 1,159,072 1,161,277
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 34,315 33,865
Retained earnings 189,138 172,243
Accumulated other comprehensive income 23,566 25,586
Equity before treasury stock 252,192 236,867
Treasury stock: 66,160 shares, at cost (368) (368)
Total equity 251,824 236,499
Total liabilities and equity $ 1,410,896 $ 1,397,776