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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Rental revenues $ 224,962 $ 205,814 $ 206,148
EXPENSES      
Operating, including fees to Vornado of $6,480, $6,037 and $5,952, respectively (101,210) (90,446) (91,089)
Depreciation and amortization (32,898) (29,797) (32,938)
General and administrative, including management fees to Vornado of $2,440, $2,440 and $2,380, respectively (6,341) (6,106) (5,924)
Total expenses (140,449) (126,349) (129,951)
Interest and other income 22,245 6,769 639
Interest and debt expense (58,297) (28,602) (19,686)
Change in fair value of marketable securities 0 0 3,482
Net gains on sale of real estate 53,952 0 69,950
Income from continuing operations 102,413 57,632 130,582
Income from discontinued operations (see Note 8) 0 0 2,348
Net income $ 102,413 $ 57,632 $ 132,930
Income per common share - basic and diluted:      
Income from continuing operations, basic (usd per share) $ 19.97 $ 11.24 $ 25.48
Income from continuing operations, diluted (usd per share) 19.97 11.24 25.48
Income from discontinued operations (see Note 8), basic (usd per share) 0 0 0.46
Income from discontinued operations (see Note 8), diluted (usd per share) 0 0 0.46
Net income per common share, diluted (in dollars per share) 19.97 11.24 25.94
Net income per common share, basic (usd per share) $ 19.97 $ 11.24 $ 25.94
Weighted average shares outstanding - basic (in shares) 5,129,330 5,126,100 5,123,613
Weighted average shares outstanding - diluted (in shares) 5,129,330 5,126,100 5,123,613