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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES      
Property rentals $ 152,857 $ 151,444 $ 138,688
Expense reimbursements 77,717 75,492 69,227
Total revenues 230,574 226,936 207,915
EXPENSES      
Operating, including fees to Vornado of $4,671, $4,590, and $4,476, respectively 85,127 82,232 76,218
Depreciation and amortization 34,925 33,807 31,086
General and administrative, including management fees to Vornado of $2,380 in each year 5,252 5,436 5,406
Total expenses 125,304 121,475 112,710
OPERATING INCOME 105,270 105,461 95,205
Interest and other income, net 6,716 3,305 5,949
Interest and debt expense (31,474) (22,241) (24,239)
Income before income taxes 80,512 86,525 76,915
Income tax expense (3) (48) (8)
Net income $ 80,509 $ 86,477 $ 76,907
Net income per common share - basic and diluted (in dollars per share) $ 15.74 $ 16.91 $ 15.04
Weighted average shares outstanding - basic and diluted (in shares) 5,115,501 5,114,084 5,112,352