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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES        
Rental revenues $ 53,424 $ 55,675 $ 159,928 $ 170,464
EXPENSES        
Operating, including fees to Vornado of $1,253, $1,828, $4,435 and $4,932, respectively (26,693) (26,446) (78,191) (76,700)
Depreciation and amortization (9,018) (7,972) (26,324) (26,146)
General and administrative, including management fees to Vornado of $610, $610, $1,830 and $1,830, respectively (1,349) (1,423) (4,895) (5,058)
Total expenses (37,060) (35,841) (109,410) (107,904)
Interest and other income 3,682 6,105 11,555 20,321
Interest and debt expense (14,078) (19,261) (37,673) (51,714)
Net income $ 5,968 $ 6,678 $ 24,400 $ 31,167
Net income per common share - basic (in usd per share) $ 1.16 $ 1.30 $ 4.75 $ 6.07
Net income per common share - diluted (in usd per share) $ 1.16 $ 1.30 $ 4.75 $ 6.07
Weighted average shares outstanding - basic (in shares) 5,135,956 5,133,534 5,134,705 5,132,043
Weighted average shares outstanding - diluted (in shares) 5,135,956 5,133,534 5,134,705 5,132,043