Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Real estate, at cost:
Land	$ 32,271	$ 33,050
Buildings and leasehold improvements	1,034,068	1,029,504
Development and construction in progress	281	22,044
Total	1,066,620	1,084,598
Accumulated depreciation and amortization	(415,903)	(396,268)
Real estate, net	650,717	688,330
Cash and cash equivalents	531,855	194,933
Restricted cash	21,122	19,545
Investments in U.S. Treasury bills	0	266,963
Tenant and other receivables	6,076	4,705
Receivable arising from the straight-lining of rents	124,866	127,497
Deferred lease costs, net, including unamortized leasing fees to Vornado of $19,540 and $22,174, respectively	24,888	28,490
Other assets	44,156	67,313
Assets	1,403,680	1,397,776
LIABILITIES AND EQUITY
Mortgages payable, net of deferred debt issuance costs	1,092,551	1,091,051
Accounts payable and accrued expenses	51,750	48,785
Total liabilities	1,166,023	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	34,315	33,865
Retained earnings	182,336	172,243
Accumulated other comprehensive income	16,201	25,586
Equity before treasury stock	238,025	236,867
Treasury stock: 66,160 shares, at cost	(368)	(368)
Total equity	237,657	236,499
Total liabilities and equity	1,403,680	1,397,776
Vornado
LIABILITIES AND EQUITY
Other liabilities	715	801
Nonrelated party
LIABILITIES AND EQUITY
Other liabilities	$ 21,007	$ 20,640