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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real estate, at cost:    
Land $ 32,271 $ 33,050
Buildings and leasehold improvements 1,025,226 1,029,504
Development and construction in progress 10,144 22,044
Total 1,067,641 1,084,598
Accumulated depreciation and amortization (398,242) (396,268)
Real estate, net 669,399 688,330
Cash and cash equivalents 356,507 194,933
Restricted cash 20,369 19,545
Investments in U.S. Treasury bills 99,780 266,963
Tenant and other receivables 5,664 4,705
Receivable arising from the straight-lining of rents 125,430 127,497
Deferred leasing costs, net, including unamortized leasing fees to Vornado of $21,388 and $22,174, respectively 27,441 28,490
Asset held for sale 13,794 0
Other assets 59,375 67,313
Total assets 1,377,759 1,397,776
LIABILITIES AND EQUITY    
Mortgages payable, net of deferred debt issuance costs 1,091,438 1,091,051
Amounts due to Vornado 675 801
Accounts payable and accrued expenses 43,908 48,785
Other liabilities 20,729 20,640
Total liabilities 1,156,750 1,161,277
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 33,865 33,865
Retained earnings 160,397 172,243
Accumulated other comprehensive income 21,942 25,586
Equity before treasury stock 221,377 236,867
Treasury stock: 66,160 shares, at cost (368) (368)
Total equity 221,009 236,499
Total liabilities and equity $ 1,377,759 $ 1,397,776