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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Property rentals $ 36,653 $ 34,501
Expense reimbursements 18,905 17,535
Total revenues 55,558 52,036
EXPENSES    
Operating, including fees to Vornado of $1,255 and $1,146, respectively 19,654 19,046
Depreciation and amortization 8,333 7,350
General and administrative, including management fees to Vornado of $595 in each period 1,235 1,270
Total expenses 29,222 27,666
OPERATING INCOME 26,336 24,370
Interest and other income, net 1,091 400
Interest and debt expense (5,406) (6,945)
Income before income taxes 22,021 17,825
Income tax expense (2) (3)
Net income $ 22,019 $ 17,822
Income per common share- basic and diluted:    
Net income per common share- basic and diluted (in dollars per share) $ 4.31 $ 3.49
Weighted average shares outstanding - basic and diluted (in shares) 5,113,077 5,111,201
Dividends per common share (in dollars per share) $ 4.00 $ 3.50