CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 31,167	$ 86,127
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, including amortization of debt issuance costs	28,470	24,771
Net gain on sale of real estate	0	(53,952)
Straight-lining of rents	11,880	5,949
Interest rate cap premium amortization	6,213	4,049
Stock-based compensation expense	450	450
Other non-cash adjustments	(1,664)	1,295
Change in operating assets and liabilities:
Tenant and other receivables	529	(951)
Other assets	(161,750)	(1,377)
Amounts due to Vornado	36	725
Accounts payable and accrued expenses	(5,639)	(2,705)
Lease incentive liability	113,618	0
Other liabilities	(14)	(14)
Net cash provided by operating activities	23,296	64,367
CASH FLOWS FROM INVESTING ACTIVITIES
Construction in progress and real estate additions	(9,836)	(3,796)
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	1,889
Purchase of interest rate cap	0	(11,258)
Net cash (used in) provided by investing activities	(3,273)	319,537
CASH FLOWS FROM FINANCING ACTIVITIES
Debt repayments	(500,000)	0
Proceeds from borrowing	400,000	0
Dividends paid	(69,277)	(69,232)
Debt issuance costs	(6,547)	(69)
Net cash used in financing activities	(175,824)	(69,301)
Net (decrease) increase in cash and cash equivalents and restricted cash	(155,801)	314,603
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	397,176	529,081
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	354,817	507,918
Restricted cash at end of period	42,359	21,163
Cash and cash equivalents and restricted cash at end of period	397,176	529,081
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	51,426	38,399
NON-CASH TRANSACTIONS
Liability for real estate additions, including $192 for development fees due to Vornado in 2024	6,143	652
Write-off of fully depreciated assets	$ 1,760	$ 5,964