XML 26 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Real estate, at cost:    
Land $ 44,971 $ 44,971
Buildings and leasehold improvements 870,676 869,681
Development and construction in progress 25,057 4,924
Total 940,704 919,576
Accumulated depreciation and amortization (197,695) (185,375)
Real estate, net 743,009 734,201
Cash and cash equivalents 307,929 347,718
Restricted cash 85,587 90,044
Marketable securities 35,729 31,522
Tenant and other receivables, net of allowance for doubtful accounts of $1,720 and $1,993, respectively 2,283 2,925
Receivable arising from the straight-lining of rents 178,683 177,401
Deferred lease and other property costs, net, including unamortized leasing fees to Vornado of $35,009 and $36,728, respectively 48,059 50,273
Deferred debt issuance costs, net of accumulated amortization of $9,930 and $19,187, respectively 6,197 3,246
Other assets 42,380 20,394
Total assets 1,449,856 1,457,724
Liabilities and Equity    
Mortgages payable 1,034,289 1,049,959
Amounts due to Vornado 42,489 43,307
Accounts payable and accrued expenses 32,768 27,450
Other liabilities 3,422 3,427
Total liabilities 1,112,968 1,124,143
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, 5,106,196 shares 5,173 5,173
Additional capital 30,139 29,745
Retained earnings 296,374 297,515
Accumulated other comprehensive income 5,576 1,522
Equity before treasury stock 337,262 333,955
Treasury stock: 67,254 shares, at cost (374) (374)
Total equity 336,888 333,581
Total liabilities and equity $ 1,449,856 $ 1,457,724