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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ 155,362 $ 6,120 $ 160,024 $ 18,432  
Adjustments to reconcile net income to net cash provided by operating activities:          
Net gain on sale of real estate (148,002) 0 (148,002) 0  
Depreciation and amortization, including amortization of debt issuance costs     18,292 18,888  
PIK interest expense     3,832 0  
Amortization of deferred lease incentives     3,541 3,654  
Stock-based compensation expense     656 394  
Straight-lining of rents     (566) 2,018  
Interest rate cap premium amortization     3 322  
Other non-cash adjustments     681 682  
Change in operating assets and liabilities:          
Tenant and other receivables     1,105 976  
Other assets     1,233 1,179  
Amounts due to Vornado     865 (25)  
Accounts payable and accrued expenses     (8,752) 14,277  
Lease incentive liability     (19,896) (1,500)  
Other liabilities     (11) (10)  
Net cash provided by operating activities     13,005 59,287  
CASH FLOWS FROM INVESTING ACTIVITIES          
Proceeds from sale of real estate     205,819 0  
Construction in progress and real estate additions     (6,480) (14,633)  
Net cash provided by (used in) investing activities     199,339 (14,633)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Dividends paid     (46,224) (46,202)  
Debt repayments     0 (1,983)  
Net cash used in financing activities     (46,224) (48,185)  
Net increase (decrease) in cash and cash equivalents and restricted cash     166,120 (3,531)  
Cash and cash equivalents and restricted cash at beginning of period     192,225 393,836 $ 393,836
Cash and cash equivalents and restricted cash at end of period 358,345 390,305 358,345 390,305 192,225
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH          
Cash and cash equivalents at beginning of period     128,167 338,532 338,532
Restricted cash at beginning of period     64,058 55,304 55,304
Cash and cash equivalents and restricted cash at beginning of period     192,225 393,836 393,836
Cash and cash equivalents at end of period 303,312 313,036 303,312 313,036 128,167
Restricted cash at end of period 55,033 77,269 55,033 77,269 64,058
Cash and cash equivalents and restricted cash at end of period $ 358,345 $ 390,305 358,345 390,305 $ 192,225
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION          
Cash payments for interest     16,460 20,910  
NON-CASH TRANSACTIONS          
Liability for real estate additions, including $79 and $207 for development fees, respectively, due to Vornado     667 1,380  
Write-off of fully depreciated assets     $ 81 $ 0