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Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017
REVENUES |  |  |  |
Property rentals | $ 38,250 | $ 37,970 | $ 115,109 | $ 114,507
Expense reimbursements | 20,875 | 20,124 | 60,149 | 58,006
EXPENSES |  |  |  |
Operating, including fees to Vornado of $1,158, $1,146, $3,433 and $3,365, respectively | 26,419 | 21,272 | 70,207 | 62,937
Depreciation and amortization | 8,225 | 8,430 | 25,208 | 24,613
General and administrative, including management fees to Vornado of $595 and $1,785 in each three and nine month period, respectively | 1,125 | 1,228 | 4,075 | 4,080
Total expenses | 35,769 | 30,930 | 99,490 | 91,630
OPERATING INCOME | 23,356 | 27,164 | 75,768 | 80,883
Interest and other income, net | 3,813 | 2,081 | 8,581 | 4,105
Interest and debt expense | (11,341) | (8,940) | (32,115) | (22,355)
Change in fair value of marketable securities (see Note 7) | (824) | 0 | (5,561) | 0
Income before income taxes | 15,004 | 20,305 | 46,673 | 62,633
Income tax expense | (1) | (6) | (3) | (7)
Income from continuing operations | 15,003 | 20,299 | 46,670 | 62,626
Loss from discontinued operations (see Note 8) | 0 | 0 | (23,797) | 0
Net income | $ 15,003 | $ 20,299 | $ 22,873 | $ 62,626
Income from continuing operations - basic and diluted (in usd per share) | $ 2.93 | $ 3.97 | $ 9.12 | $ 12.24
Loss from discontinuing operations (see Note 8) - basic and diluted (in usd per share) | 0.00 | 0.00 | (4.65) | 0.00
Net income per common share - basic and diluted (in usd per share) | $ 2.93 | $ 3.97 | $ 4.47 | $ 12.24
Weighted average shares outstanding - basic and diluted | 5,117,347 | 5,115,982 | 5,116,667 | 5,115,339
Dividends per common share (in usd per share) | $ 4.5 | $ 4.25 | $ 13.5 | $ 12.75
Real Estate |  |  |  |
REVENUES |  |  |  |
Total revenues | $ 59,125 | $ 58,094 | $ 175,258 | $ 172,513

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