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000200 - Consolidated Statements of Income (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Property rentals $ 43,424 $ 40,790 $ 86,889 $ 81,005
Expense reimbursements 18,612 18,376 38,019 36,705
Total revenues 62,036 59,166 124,908 117,710
EXPENSES        
Operating (including fees to Vornado of $1,217, $1,266 $2,553, $2,508, respectively) 19,951 18,817 41,138 37,873
Depreciation and amortization 8,577 7,801 16,811 15,248
General and administrative (including management fees to Vornado of $540 and $1,080 in each three and six-month period) 700 1,313 1,799 2,437
Total expenses 29,228 27,931 59,748 55,558
OPERATING INCOME 32,808 31,235 65,160 62,152
Interest and other income, net 1,715 204 1,820 487
Interest and debt expense (14,319) (15,131) (29,124) (29,877)
Net loss on early extinguishment of debt 0 0 0 (1,238)
Income before income taxes 20,204 16,308 37,856 31,524
Income tax (expense) benefit (9) (159) 151 (259)
Net income 20,195 16,149 38,007 31,265
Net (income) loss attributable to the noncontrolling interest (38) (600) 357 (602)
Net income attributable to Alexander's $ 20,157 $ 15,549 $ 38,364 $ 30,663
Net income per common share - basic        
Net income per common share - basic $ 3.95 $ 3.05 $ 7.51 $ 6.01
Weighted average shares - basic 5,106,351 5,105,936 5,106,144 5,105,936
Net income per common share - diluted        
Net income per common share - diluted $ 3.95 $ 3.05 $ 7.51 $ 6.01
Weighted average shares - diluted 5,106,351 5,105,936 5,106,144 5,105,936
Dividends per common share $ 3.00 $ 2.50 $ 6.00 $ 2.50