Investments in Partially Owned Entities (Tables)

3 Months Ended

Mar. 31, 2015

			Percentage
(Amounts in thousands)			Ownership at		Balance as of
Investments:			March 31, 2015		March 31, 2015		December 31, 2014
	Partially owned office buildings⁽¹⁾			Various	$	766,074	$	760,749
	PREIT Associates			8.1%		144,681		-
	Alexander’s			32.4%		132,143		131,616
	India real estate ventures			4.1%-36.5%		67,159		76,752
	Urban Edge			5.4%		25,206		-
	Toys			32.6%		-		-
	Other investments⁽²⁾			Various		272,951		277,379
					$	1,408,214	$	1,246,496


(1)		Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others.
(2)		Includes interests in Independence Plaza, Monmouth Mall, 85 Tenth Avenue, Fashion Center Mall, 50-70 West 93rd Street and others.

				Percentage		For the Three Months
(Amounts in thousands)				Ownership at		Ended March 31,
Our Share of Net (Loss) Income:				March 31, 2015		2015		2014
	Partially owned office buildings⁽¹⁾				Various	$	(9,296)	$	(2,395)

	Alexander's:
		Equity in net income			32.4%		5,594		4,759
		Management, leasing and development fees					2,097		1,626
							7,691		6,385

	Toys:
		Equity in net income			32.6%		-		75,196
		Non-cash impairment losses					-		(75,196)
		Management fees					1,454		1,847
							1,454		1,847

	Urban Edge⁽²⁾				5.4%		584		-

	India real estate ventures				4.1%-36.5%		(109)		(137)

	Other investments⁽³⁾				Various		(2,729)		(3,721)

						$	(2,405)	$	1,979


(1)			Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others.
(2)			Represents fees earned pursuant to our transition services agreement with UE.
(3)			Includes interests in Independence Plaza, Monmouth Mall, 85 Tenth Avenue, Fashion Center Mall, 50-70 West 93rd Street and others.

(Amounts in thousands)			Balance as of
Balance Sheet:			January 31, 2015		November 1, 2014
	Assets		$	9,958,000	$	11,267,000
	Liabilities			9,014,000		10,377,000
	Noncontrolling interests			85,000		82,000
	Toys “R” Us, Inc. equity⁽¹⁾			859,000		808,000

			For the Three Months Ended
Income Statement:			January 31, 2015		February 1, 2014
	Total revenues		$	4,983,000	$	5,267,000
	Net income attributable to Toys			193,700		82,500


(1)		At March 31, 2015, the carrying amount of our investment in Toys is less than our share of Toys' equity by approximately $279,936. This basis difference results primarily from non-cash impairment losses aggregating $355,953 that we have recognized through March 31, 2015. We have allocated the basis difference primarily to Toys' real estate, which is being amortized over its remaining estimated useful life.

(Amounts in thousands)		Balance as of
Balance Sheet:		March 31, 2015		December 31, 2014
	Assets	$	1,433,000	$	1,423,000
	Liabilities		1,084,000		1,075,000
	Stockholders' equity		349,000		348,000

		For the Three Months Ended March 31,
Income Statement:		2015		2014
	Total revenues	$	52,000	$	49,000
	Net income attributable to Alexander’s		18,000		15,000