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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES        
Rental revenues $ 53,392 $ 53,673 $ 114,789 $ 106,614
EXPENSES        
Operating, including fees to Vornado of $1,345, $1,684, $3,104 and $3,223, respectively (24,991) (24,818) (50,254) (49,762)
Depreciation and amortization (8,697) (8,081) (18,174) (15,559)
General and administrative, including management fees to Vornado of $610, $610, $1,220 and $1,220, respectively (2,159) (1,906) (3,635) (3,265)
Total expenses (35,847) (34,805) (72,063) (68,586)
Interest and other income 7,054 4,523 14,216 8,842
Interest and debt expense (16,219) (13,196) (32,453) (25,449)
Net gain on sale of real estate 0 53,952 0 53,952
Net income $ 8,380 $ 64,147 $ 24,489 $ 75,373
Net income per common share - basic (in usd per share) $ 1.63 $ 12.51 $ 4.77 $ 14.70
Net income per common share - diluted (in usd per share) $ 1.63 $ 12.51 $ 4.77 $ 14.70
Weighted average shares outstanding - basic (in shares) 5,131,902 5,128,823 5,131,290 5,127,959
Weighted average shares outstanding - diluted (in shares) 5,131,902 5,128,823 5,131,290 5,127,959