XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES        
Rental revenues $ 55,413 $ 53,729 $ 162,027 $ 152,768
EXPENSES        
Operating, including fees to Vornado of $1,557, $1,357, $4,780 and $4,271, respectively (25,593) (23,731) (75,355) (66,645)
Depreciation and amortization (7,933) (7,508) (23,492) (22,272)
General and administrative, including management fees to Vornado of $610, $610, $1,830 and $1,830, respectively (1,580) (1,370) (4,845) (4,755)
Total expenses (35,106) (32,609) (103,692) (93,672)
Interest and other income 6,622 2,017 15,464 3,284
Interest and debt expense (16,175) (8,028) (41,624) (17,925)
Net gain on sale of real estate 0 0 53,952 0
Net income $ 10,754 $ 15,109 $ 86,127 $ 44,455
Net income per common share - basic (in usd per share) $ 2.10 $ 2.95 $ 16.79 $ 8.67
Net income per common share - diluted (in usd per share) $ 2.10 $ 2.95 $ 16.79 $ 8.67
Weighted average shares outstanding - basic (in shares) 5,130,678 5,127,086 5,128,875 5,125,768
Weighted average shares outstanding - diluted (in shares) 5,130,678 5,127,086 5,128,875 5,125,768