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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES        
Rental revenues $ 55,675 $ 55,413 $ 170,464 $ 162,027
EXPENSES        
Operating, including fees to Vornado of $1,828, $1,557, $4,932 and $4,780, respectively (26,446) (25,593) (76,700) (75,355)
Depreciation and amortization (7,972) (7,933) (26,146) (23,492)
General and administrative, including management fees to Vornado of $610, $610, $1,830 and $1,830, respectively (1,423) (1,580) (5,058) (4,845)
Total expenses (35,841) (35,106) (107,904) (103,692)
Interest and other income 6,105 6,622 20,321 15,464
Interest and debt expense (19,261) (16,175) (51,714) (41,624)
Net gain on sale of real estate 0 0 0 53,952
Net income $ 6,678 $ 10,754 $ 31,167 $ 86,127
Net income per common share - basic (in usd per share) $ 1.30 $ 2.10 $ 6.07 $ 16.79
Net income per common share - diluted (in usd per share) $ 1.30 $ 2.10 $ 6.07 $ 16.79
Weighted average shares outstanding - basic (in shares) 5,133,534 5,130,678 5,132,043 5,128,875
Weighted average shares outstanding - diluted (in shares) 5,133,534 5,130,678 5,132,043 5,128,875