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v3.19.3

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018
REVENUES |  |  |  |
Rental revenues | $ 57,760 | $ 59,125 | $ 170,470 | $ 175,258
EXPENSES |  |  |  |
Operating, including fees to Vornado of $1,310, $1,158, $3,930 and $3,433, respectively | (23,389) | (26,419) | (66,905) | (70,207)
Depreciation and amortization | (7,831) | (8,225) | (23,528) | (25,208)
General and administrative, including management fees to Vornado of $595 and $1,785 in each three and nine month period, respectively | (1,333) | (1,126) | (4,471) | (4,078)
Total expenses | (32,553) | (35,770) | (94,904) | (99,493)
Interest and other income, net | 2,075 | 3,813 | 6,428 | 8,581
Interest and debt expense | (9,772) | (11,341) | (30,096) | (32,115)
Change in fair value of marketable securities | (1,017) | (824) | (6,257) | (5,561)
Income from continuing operations | 16,493 | 15,003 | 45,641 | 46,670
Loss from discontinued operations (see Note 7) | 0 | 0 | 0 | (23,797)
Net income | $ 16,493 | $ 15,003 | $ 45,641 | $ 22,873
Income per common share – basic and diluted: |  |  |  |
Income from continuing operations - basic and diluted (in usd per share) | $ 3.22 | $ 2.93 | $ 8.92 | $ 9.12
Loss from discontinuing operations (see Note 7) - basic and diluted (in usd per share) | 0 | 0 | 0 | (4.65)
Net income per common share - basic and diluted (in usd per share) | $ 3.22 | $ 2.93 | $ 8.92 | $ 4.47
Weighted average shares outstanding - basic and diluted (in shares) | 5,118,698 | 5,117,347 | 5,118,030 | 5,116,667

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