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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
REVENUES    
Property rentals $ 34,501us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 34,136us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Expense reimbursements 17,535us-gaap_TenantReimbursements 15,332us-gaap_TenantReimbursements
Total revenues 52,036us-gaap_RealEstateRevenueNet 49,468us-gaap_RealEstateRevenueNet
EXPENSES    
Operating, including fees to Vornado of $1,146, and $1,089, respectively 19,046us-gaap_OperatingCostsAndExpenses 16,490us-gaap_OperatingCostsAndExpenses
Depreciation and amortization 7,350us-gaap_DepreciationAndAmortization 7,261us-gaap_DepreciationAndAmortization
General and administrative, including management fees to Vornado of $595 in each period 1,270us-gaap_GeneralAndAdministrativeExpense 1,187us-gaap_GeneralAndAdministrativeExpense
Total expenses 27,666us-gaap_OperatingExpenses 24,938us-gaap_OperatingExpenses
OPERATING INCOME 24,370us-gaap_OperatingIncomeLoss 24,530us-gaap_OperatingIncomeLoss
Interest and other income, net 400us-gaap_InterestAndOtherIncome 401us-gaap_InterestAndOtherIncome
Interest and debt expense (6,945)us-gaap_InterestAndDebtExpense (9,684)us-gaap_InterestAndDebtExpense
Income before income taxes 17,825us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 15,247us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense (3)us-gaap_IncomeTaxExpenseBenefit (3)us-gaap_IncomeTaxExpenseBenefit
Net income $ 17,822us-gaap_NetIncomeLoss $ 15,244us-gaap_NetIncomeLoss
Net income per common share- basic and diluted (in dollars per share) $ 3.49us-gaap_EarningsPerShareBasicAndDiluted $ 2.98us-gaap_EarningsPerShareBasicAndDiluted
Weighted average shares outstanding- basic and diluted (in shares) 5,111,201us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 5,109,717us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Dividends per common share (in dollars per share) $ 3.50us-gaap_CommonStockDividendsPerShareDeclared $ 3.25us-gaap_CommonStockDividendsPerShareDeclared