XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
Rental revenues $ 53,729 $ 48,950 $ 152,768 $ 156,491
EXPENSES        
Operating, including fees to Vornado of $1,357, $1,536, $4,271 and $4,585, respectively (23,731) (21,433) (66,645) (68,655)
Depreciation and amortization (7,508) (9,008) (22,272) (25,682)
General and administrative, including management fees to Vornado of $610, $595, $1,830 and $1,785 in each three and nine month period, respectively (1,370) (1,272) (4,755) (4,638)
Total expenses (32,609) (31,713) (93,672) (98,975)
Interest and other income, net 2,017 157 3,284 480
Interest and debt expense (8,028) (5,124) (17,925) (15,350)
Change in fair value of marketable securities 0 (869) 0 3,411
Net gain on sale of real estate 0 0 0 9,124
Net income $ 15,109 $ 11,401 $ 44,455 $ 55,181
Net income per common share - basic (in usd per share) $ 2.95 $ 2.22 $ 8.67 $ 10.77
Net income per common share - diluted (in usd per share) $ 2.95 $ 2.22 $ 8.67 $ 10.77
Weighted average shares outstanding - basic (in shares) 5,127,086 5,124,478 5,125,768 5,123,321
Weighted average shares outstanding - diluted (in shares) 5,127,086 5,124,478 5,125,768 5,123,321