v3.25.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUES      
Rental revenues $ 213,183 $ 226,374 $ 224,962
EXPENSES      
Operating, including fees to Vornado of $5,965, $6,581 and $6,480, respectively (106,376) (103,240) (101,210)
Depreciation and amortization (35,061) (34,782) (32,898)
General and administrative, including management fees to Vornado of $2,440 in each year (6,555) (6,519) (6,341)
Total expenses (147,992) (144,541) (140,449)
Interest and other income 14,657 24,429 22,245
Interest and debt expense (51,624) (62,818) (58,297)
Net gain on sale of real estate 0 0 53,952
Net income $ 28,224 $ 43,444 $ 102,413
Net income per common share, basic (usd per share) $ 5.50 $ 8.46 $ 19.97
Net income per common share, diluted (usd per share) $ 5.50 $ 8.46 $ 19.97
Weighted average shares outstanding - basic (in shares) 5,135,020 5,132,418 5,129,330
Weighted average shares outstanding - diluted (in shares) 5,135,020 5,132,418 5,129,330