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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Real estate, at cost:    
Land $ 33,050 $ 33,050
Buildings and leasehold improvements 1,014,877 1,014,525
Development and construction in progress 22,586 21,851
Total 1,070,513 1,069,426
Accumulated depreciation and amortization (376,921) (370,557)
Real estate, net 693,592 698,869
Cash and cash equivalents 472,484 463,539
Restricted cash 18,988 19,966
Tenant and other receivables 5,775 6,385
Receivable arising from the straight-lining of rents 133,318 135,457
Deferred leasing costs, net, including unamortized leasing fees to Vornado of $24,505 and $23,943, respectively 31,609 31,312
Other assets 53,001 36,437
Total assets 1,408,767 1,391,965
LIABILITIES AND EQUITY    
Mortgages payable, net of deferred debt issuance costs 1,089,990 1,089,613
Amounts due to Vornado 2,078 879
Accounts payable and accrued expenses 39,084 44,681
Other liabilities 21,827 4,203
Total liabilities 1,152,979 1,139,376
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 33,415
Retained earnings 198,347 206,875
Accumulated other comprehensive income 19,221 7,494
Equity before treasury stock 256,156 252,957
Treasury stock: 66,160 shares, at cost (368) (368)
Total equity 255,788 252,589
Total liabilities and equity $ 1,408,767 $ 1,391,965