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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Real estate, at cost:    
Land $ 33,050 $ 44,971
Buildings and leasehold improvements 1,014,525 1,014,311
Development and construction in progress 21,851 11,761
Total 1,069,426 1,071,043
Accumulated depreciation and amortization (370,557) (350,122)
Real estate, net 698,869 720,921
Cash and cash equivalents 463,539 428,710
Restricted cash 19,966 21,167
Marketable securities 0 6,024
Tenant and other receivables 6,385 8,116
Receivable arising from the straight-lining of rents 135,457 145,274
Deferred lease costs, net, including unamortized leasing fees to Vornado of $23,943 and $27,851, respectively 31,312 36,524
Other assets 36,437 37,402
Assets 1,391,965 1,404,138
LIABILITIES AND EQUITY    
Mortgages payable, net of deferred debt issuance costs 1,089,613 1,156,170
Amounts due to Vornado 879 1,516
Accounts payable and accrued expenses 44,681 35,342
Other liabilities 4,203 7,882
Total liabilities 1,139,376 1,200,910
Commitments and contingencies
Preferred stock: $1.00 par value per share; authorized, 3,000,000 shares; issued and outstanding, none 0 0
Common stock: $1.00 par value per share; authorized, 10,000,000 shares; issued, 5,173,450 shares; outstanding, 5,107,290 shares 5,173 5,173
Additional capital 33,415 32,965
Retained earnings 206,875 166,165
Accumulated other comprehensive income (loss) 7,494 (707)
Equity before treasury stock 252,957 203,596
Treasury stock: 66,160 shares, at cost (368) (368)
Total equity 252,589 203,228
Total liabilities and equity $ 1,391,965 $ 1,404,138