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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 58,010 $ 60,275
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including amortization of debt issuance costs) 28,488 27,614
Straight-lining of rental income (3,824) (9,961)
Reversal of income tax liability 0 (2,561)
Stock-based compensation expense 300 300
Change in operating assets and liabilities:    
Accounts receivable, net (1,083) 1,493
Other assets (15,703) (15,225)
Amounts due to Vornado (1,546) (477)
Accounts payable and accrued expenses 8,034 6,408
Income tax liability of taxable REIT subsidiary 22 80
Other liabilities (22) (23)
Net cash provided by operating activities 72,676 67,923
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (6,502) (10,226)
Proceeds from maturing short-term investments 5,000 23,000
Restricted cash (416) (2,465)
Purchases of short-term investments 0 (5,000)
Net cash (used in) provided by investing activities (1,918) 5,309
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (57,458) (45,956)
Debt repayments (11,156) (160,037)
Debt issuance costs (400) (4,269)
Proceeds from borrowings 0 250,000
Distributions to the noncontrolling interest 0 (600)
Net cash (used in) provided by financing activities (69,014) 39,138
Net increase in cash and cash equivalents 1,744 112,370
Cash and cash equivalents at beginning of period 506,619 397,220
Cash and cash equivalents at end of period 508,363 509,590
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 36,058 40,528
NON-CASH TRANSACTIONS    
Non-cash additions to real estate included in accounts payable and accrued expenses 1,038 3,789
Write-off of fully amortized and depreciated assets $ 648 $ 6,510