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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 14,532 $ 17,882
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 7,762 8,958
Straight-lining of rental income 2,139 2,637
Change in fair value of marketable securities 0 (582)
Changes in operating assets and liabilities:    
Tenant and other receivables 610 1,286
Other assets 11,445 14,278
Amounts due to Vornado 1,195 430
Accounts payable and accrued expenses (5,522) 9,240
Other liabilities 24 (163)
Net cash provided by operating activities 32,185 53,966
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (1,158) (3,842)
Return of short-term investment 0 3,600
Net cash used in investing activities (1,158) (242)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (23,060) (23,050)
Debt issuance costs 0 (35)
Net cash used in financing activities (23,060) (23,085)
Net increase in cash and cash equivalents and restricted cash 7,967 30,639
Cash and cash equivalents and restricted cash at beginning of period 483,505 449,877
Cash and cash equivalents and restricted cash at end of period 491,472 480,516
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents at beginning of period 463,539 428,710
Restricted cash at beginning of period 19,966 21,167
Cash and cash equivalents and restricted cash at beginning of period 483,505 449,877
Cash and cash equivalents at end of period 472,484 459,384
Restricted cash at end of period 18,988 21,132
Cash and cash equivalents and restricted cash at end of period 491,472 480,516
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 3,728 4,565
NON-CASH TRANSACTIONS    
Liability for real estate additions, including $3 and $33 for development fees due to Vornado in 2022 and 2021, respectively 1,232 2,913
Write-off of fully depreciated assets $ 0 $ 5,628