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Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013
REVENUES |  |  |  |
Property rentals | $ 34,046 | $ 33,670 | $ 68,182 | $ 67,841
Expense reimbursements | 15,937 | 13,632 | 31,269 | 28,236
Total revenues | 49,983 | 47,302 | 99,451 | 96,077
EXPENSES |  |  |  |
Operating, including fees to Vornado of $1,057, $1,002, $2,146 and $1,984, respectively | 17,150 | 14,550 | 33,640 | 30,157
Depreciation and amortization | 7,280 | 7,235 | 14,541 | 14,458
General and administrative, including management fees to Vornado of $595 and $1,190 in each three and six month period | 1,558 | 1,622 | 2,745 | 2,639
Total expenses | 25,988 | 23,407 | 50,926 | 47,254
OPERATING INCOME | 23,995 | 23,895 | 48,525 | 48,823
Interest and other income, net | 425 | 388 | 826 | 773
Interest and debt expense | (7,590) | (11,140) | (17,274) | (22,288)
Income before income taxes | 16,830 | 13,143 | 32,077 | 27,308
Income tax expense | (2) | (4) | (5) | (7)
Net income | $ 16,828 | $ 13,139 | $ 32,072 | $ 27,301
Income per common share- basic and diluted: |  |  |  |
Net income per common share- basic and diluted (in dollars per share) | $ 3.29 | $ 2.57 | $ 6.28 | $ 5.34
Weighted average shares outstanding - basic and diluted (in shares) | 5,110,369 | 5,108,745 | 5,110,045 | 5,108,383
Dividends per common share (in dollars per share) | $ 3.25 | $ 2.75 | $ 6.50 | $ 5.50

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