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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES      
Property rentals $ 138,688 $ 136,628 $ 135,908
Expense reimbursements 69,227 64,186 60,551
Total revenues 207,915 200,814 196,459
EXPENSES      
Operating, including fees to Vornado of $4,476, $4,516, and $4,196, respectively 76,218 69,897 64,930
Depreciation and amortization 31,086 29,196 28,987
General and administrative, including management fees to Vornado of $2,380 in each year 5,406 5,032 5,026
Total expenses 112,710 104,125 98,943
OPERATING INCOME 95,205 96,689 97,516
Interest and other income, net 5,949 2,434 1,527
Interest and debt expense (24,239) (32,068) (44,540)
Income before income taxes 76,915 67,055 54,503
Income tax (expense) benefit (8) 341 160
Income from continuing operations 76,907 67,396 54,663
Income from discontinued operations 0 529 2,252
Net income $ 76,907 $ 67,925 $ 56,915
Income per common share- basic and diluted:      
Income from continuing operations (in dollars per share) $ 15.04 $ 13.19 $ 10.70
Income from discontinued operations (in dollars per share) 0 0.10 0.44
Net income per common share (in dollars per share) $ 15.04 $ 13.29 $ 11.14
Weighted average shares outstanding (in shares) 5,112,352 5,110,628 5,109,055