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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate, at cost:    
Land $ 32,271 $ 32,271
Buildings and leasehold improvements 1,035,376 1,034,068
Development and construction in progress 2,172 281
Total 1,069,819 1,066,620
Accumulated depreciation and amortization (423,844) (415,903)
Real estate, net 645,975 650,717
Cash and cash equivalents 526,340 531,855
Restricted cash 21,059 21,122
Tenant and other receivables 5,729 6,076
Receivable arising from the straight-lining of rents 115,511 124,866
Deferred leasing costs, net, including unamortized leasing fees to Vornado of $18,282 and $19,540, respectively 23,366 24,888
Other assets 53,294 44,156
Total assets 1,391,274 1,403,680
LIABILITIES AND EQUITY    
Mortgages payable, net of deferred debt issuance costs 1,092,952 1,092,551
Accounts payable and accrued expenses 46,589 51,750
Total liabilities 1,161,136 1,166,023
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 34,315
Retained earnings 175,357 182,336
Accumulated other comprehensive income 15,661 16,201
Equity before treasury stock 230,506 238,025
Treasury stock: 66,160 shares, at cost (368) (368)
Total equity 230,138 237,657
Total liabilities and equity 1,391,274 1,403,680
Related Party    
LIABILITIES AND EQUITY    
Other liabilities 493 715
Nonrelated Party    
LIABILITIES AND EQUITY    
Other liabilities $ 21,102 $ 21,007