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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 38,662 $ 38,007
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including amortization of debt issuance costs) 18,970 18,254
Straight-lining of rental income (2,664) (7,082)
Stock-based compensation expense 300 300
Change in operating assets and liabilities:    
Accounts receivable, net 351 1,435
Other assets (24,935) (22,642)
Amounts due to Vornado (860) (469)
Accounts payable and accrued expenses (577) (3,709)
Income tax liability of taxable REIT subsidiary 14 34
Other liabilities (15) (15)
Net cash provided by operating activities 29,246 24,113
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (5,128) (8,039)
Proceeds from maturing short-term investments 5,000 23,000
Restricted cash (855) (2,583)
Net cash (used in) provided by investing activities (983) 12,378
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (38,303) (30,636)
Debt repayments (7,400) (157,090)
Debt issuance costs (400) (4,435)
Proceeds from borrowings 0 250,000
Distributions to noncontrolling interests 0 (600)
Net cash (used in) provided by financing activities (46,103) 57,239
Net (decrease) increase in cash and cash equivalents (17,840) 93,730
Cash and cash equivalents at beginning of period 506,619 397,220
Cash and cash equivalents at end of period 488,779 490,950
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 23,967 28,516
NON-CASH TRANSACTIONS    
Non-cash additions to real estate included in accounts payable and accrued expenses 1,349 2,391
Write-off of fully amortized and depreciated assets $ 624 $ 6,510