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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES        
Rental revenues $ 55,932 $ 58,253 $ 112,710 $ 116,133
EXPENSES        
Operating, including fees to Vornado of $1,371, $1,109, $2,620 and $2,275, respectively (21,667) (21,511) (43,516) (43,788)
Depreciation and amortization (7,869) (8,700) (15,697) (16,983)
General and administrative, including management fees to Vornado of $595 and $1,190 in each three and six month period, respectively (1,893) (1,690) (3,138) (2,952)
Total expenses (31,429) (31,901) (62,351) (63,723)
Interest and other income, net 2,223 1,730 4,353 4,768
Interest and debt expense (10,165) (10,945) (20,324) (20,774)
Change in fair value of marketable securities (5,278) 433 (5,240) (4,737)
Income from continuing operations 11,283 17,570 29,148 31,667
Loss from discontinued operations (see Note 7) 0 0 0 (23,797)
Net income $ 11,283 $ 17,570 $ 29,148 $ 7,870
Income per common share – basic and diluted:        
Income from continuing operations - basic and diluted (in usd per share) $ 2.20 $ 3.43 $ 5.70 $ 6.19
Loss from discontinuing operations (see Note 7) - basic and diluted (in usd per share) 0 0 0 (4.65)
Net income per common share - basic and diluted (in usd per share) $ 2.20 $ 3.43 $ 5.70 $ 1.54
Weighted average shares outstanding - basic and diluted (in shares) 5,118,030 5,116,657 5,117,690 5,116,321