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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES        
Rental revenues $ 45,478 $ 55,932 $ 99,588 $ 112,710
EXPENSES        
Operating, including fees to Vornado of $1,235, $1,371, $2,618 and $2,620 respectively (19,778) (21,667) (41,531) (43,516)
Depreciation and amortization (7,633) (7,869) (15,542) (15,697)
General and administrative, including management fees to Vornado of $595 and $1,190 in each period (2,111) (1,893) (3,562) (3,138)
Total expenses (29,522) (31,429) (60,635) (62,351)
Interest and other income, net 710 2,223 2,253 4,353
Interest and debt expense (6,172) (10,165) (14,745) (20,324)
Change in fair value of marketable securities 1,837 (5,278) (9,558) (5,240)
Net income $ 12,331 $ 11,283 $ 16,903 $ 29,148
Net income per common share - basic and diluted (in usd per share) $ 2.41 $ 2.20 $ 3.30 $ 5.70
Weighted average shares outstanding - basic and diluted (in shares) 5,120,548 5,118,030 5,119,623 5,117,690