CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 24,489	$ 75,373
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, including amortization of debt issuance costs	19,118	16,399
Net gain on sale of real estate	0	(53,952)
Straight-lining of rents	11,076	4,169
Interest rate cap premium amortization	5,908	0
Stock-based compensation expense	450	450
Other non-cash adjustments	(3,804)	4,431
Change in operating assets and liabilities:
Tenant and other receivables	674	(666)
Other assets	(142,782)	17,666
Amounts due to Vornado	(218)	151
Accounts payable and accrued expenses	(192)	1,900
Lease incentive liability	113,618	0
Other liabilities	(10)	(12)
Net cash provided by operating activities	28,327	65,909
CASH FLOWS FROM INVESTING ACTIVITIES
Construction in progress and real estate additions	(6,182)	(2,894)
Proceeds from maturities of U.S. Treasury bills	0	264,881
Proceeds from sale of real estate	0	67,821
Proceeds from interest rate cap	6,563	0
Purchase of interest rate cap	0	(11,258)
Net cash provided by investing activities	381	318,550
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid	(46,176)	(46,144)
Debt repayment	(10,000)	0
Debt issuance costs	(1,132)	(38)
Net cash used in financing activities	(57,308)	(46,182)
Net (decrease) increase in cash and cash equivalents and restricted cash	(28,600)	338,277
Cash and cash equivalents and restricted cash at beginning of period	552,977	214,478
Cash and cash equivalents and restricted cash at end of period	524,377	552,755
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents at beginning of period	531,855	194,933
Restricted cash at beginning of period	21,122	19,545
Cash and cash equivalents and restricted cash at beginning of period	552,977	214,478
Cash and cash equivalents at end of period	410,948	531,331
Restricted cash at end of period	113,429	21,424
Cash and cash equivalents and restricted cash at end of period	524,377	552,755
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	32,108	23,761
NON-CASH TRANSACTIONS
Liability for real estate additions, including $126 for development fees due to Vornado in 2024	964	798
Write-off of fully depreciated assets	$ 1,759	$ 5,808