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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES        
Rental revenues $ 54,711 $ 51,589 $ 108,123 $ 106,504
EXPENSES        
Operating, including fees to Vornado of $2,114, $1,590, $3,525 and $3,182, respectively (26,743) (25,934) (55,723) (51,498)
Depreciation and amortization (8,230) (8,707) (17,004) (17,306)
General and administrative, including management fees to Vornado of $635, $610, $1,245, and $1,220, respectively (3,266) (1,955) (4,979) (3,546)
Total expenses (38,239) (36,596) (77,706) (72,350)
Interest and other income 1,684 3,928 3,130 7,873
Interest and debt expense (10,796) (12,801) (21,525) (23,595)
Net gain on sale of real estate 148,002 0 148,002 0
Net income $ 155,362 $ 6,120 $ 160,024 $ 18,432
Net income per common share - basic (in usd per share) $ 30.24 $ 1.19 $ 31.15 $ 3.59
Net income per common share - diluted (in usd per share) $ 30.24 $ 1.19 $ 31.15 $ 3.59
Weighted average shares outstanding - basic (in shares) 5,137,549 5,134,599 5,136,757 5,134,069
Weighted average shares outstanding - diluted (in shares) 5,137,549 5,134,599 5,136,757 5,134,069