7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 
      
    		                                           
      cash flows from operating activities
    		                                           
      net income
    		15,541,000 60,793,000 8,382,000 31,506,000 9,467,000 32,024,000 2,445,000 231,919,000 37,540,000 10,563,000 -20,146,000 14,331,000 11,465,000 12,009,000 9,534,000 44,013,000 30,105,000 12,981,000 20,716,000 19,747,000 -5,830,000 32,545,000 51,288,000 3,538,000 56,700,000 28,067,000 27,892,000 7,251,000 26,899,000 59,774,000 23,039,000 -15,873,000 19,156,000 14,920,000 54,735,000 20,266,000 20,505,000 36,071,000 19,788,000 16,167,000 20,045,000 17,153,000 -12,017,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                           
      depreciation and amortization
    		38,289,000 34,151,000 38,659,000 38,897,000 35,941,000 40,656,000 39,495,000 32,783,000 27,837,000 26,336,000 25,812,000 25,611,000 25,026,000 25,182,000 24,968,000 24,263,000 23,613,000 22,929,000 23,330,000 28,899,000 22,585,000 22,996,000 23,271,000 28,140,000 21,414,000 22,484,000 21,747,000 26,038,000 21,980,000 30,615,000 21,430,000 21,935,000 21,136,000 23,280,000 16,160,000 14,496,000 14,693,000 13,816,000 14,173,000 16,731,000 13,603,000 14,233,000 13,732,000 
      gain on sale of real estate
    		-233,000   -23,469,000 0 -13,447,000 -1,902,000 -217,352,000 0 0 -356,000 0 0   0 -6,926,000 0 -11,722,000 0 0 0 -39,775,000 -413,000 -39,716,000 -11,550,000 -16,953,000 0 -2,185,000   0    0 0       
      gain on extinguishment of debt
    		0   4,000    1,396,000            0 0                       
      amortization of above and below market leases
    		-7,133,000 -2,455,000 -2,585,000                                         
      noncash lease expense
    		1,630,000 1,681,000 1,694,000 1,926,000 1,838,000 1,773,000 1,796,000 1,200,000 1,815,000 1,800,000 1,775,000 1,769,000 1,779,000 1,760,000 1,743,000 1,459,000 1,774,000 1,756,000 1,813,000 1,867,000 1,838,000 2,011,000 1,806,000                     
      straight-lining of rent
    		-706,000 -386,000 -778,000 -163,000 -886,000 -417,000 -1,086,000 -901,000 -1,075,000 -881,000 -830,000 -498,000 -465,000 -546,000 -511,000 -1,216,000 -352,000 -274,000 964,000 1,020,000 4,239,000 5,938,000 -674,000 901,000 83,000 59,000 -22,000 -354,000 -563,000 116,000 66,000 -168,000 0 376,000 144,000 324,000 128,000 -12,000 -213,000     
      share-based compensation expense
    		2,726,000 3,566,000 2,707,000 2,852,000 2,716,000 2,442,000 2,421,000 1,788,000 1,814,000 2,202,000 2,007,000 2,809,000 2,580,000 2,500,000 2,597,000 2,601,000 2,809,000 2,726,000 2,683,000 2,531,000 2,604,000 8,611,000 3,248,000 3,280,000 3,310,000 3,295,000 3,664,000 3,247,000 2,252,000 2,222,000 2,020,000 1,889,000 1,889,000 1,875,000 1,484,000 1,353,000 1,359,000 1,424,000 1,297,000 1,113,000 879,000 828,000 7,441,000 
      change in operating assets and liabilities:
    		                                           
      tenant and other receivables
    		1,046,000 1,662,000 -6,262,000 -1,105,000 -3,387,000 186,000 -1,661,000 1,111,000 88,000 -111,000 1,723,000 -1,126,000 -2,032,000 2,953,000 -1,507,000 2,366,000 -2,354,000 725,000 -876,000 2,278,000 -4,352,000 -21,058,000 1,134,000 4,290,000 6,371,000 6,452,000 -10,379,000 -515,000 -5,729,000 -1,763,000 -5,320,000 -4,144,000 -4,611,000 -2,246,000 -2,748,000 743,000 -2,246,000 684,000 741,000 -926,000 5,151,000 -2,845,000 -1,384,000 
      deferred leasing costs
    		-1,761,000 -2,940,000 -2,115,000 -1,048,000 -1,743,000 -1,211,000 -2,415,000 -3,055,000 -701,000 -2,375,000 -1,928,000 -5,167,000 -1,221,000 -1,247,000 -1,025,000 -4,083,000 -325,000 -810,000 -600,000 -108,000 -351,000 -123,000 -636,000 -1,064,000 -1,365,000 -673,000 -1,201,000 -1,234,000 -1,618,000 -885,000 -938,000 -554,000 -1,509,000 -1,378,000 -669,000         
      prepaid expenses and other assets
    		1,469,000 2,602,000 -3,169,000  -2,019,000 8,150,000 -11,037,000  3,561,000 2,386,000 -3,489,000  -352,000 -1,746,000 2,893,000  5,189,000 2,202,000 -6,879,000  -1,673,000 -197,000 -9,786,000                     
      lease liabilities
    		-1,553,000 -1,605,000 -1,607,000 -1,849,000 -1,804,000 -1,720,000 -1,743,000 -1,144,000 -1,762,000 -1,738,000 -1,686,000 -1,644,000 -1,684,000 -1,665,000 -1,648,000 -1,326,000 -1,637,000 -1,619,000 -1,645,000 -1,663,000 -1,632,000 -1,807,000 -1,578,000                     
      accounts payable, accrued expenses and other liabilities
    		6,380,000 -4,325,000 -1,846,000 4,376,000 -760,000 -4,848,000 -2,173,000 8,907,000 10,018,000 2,329,000 -6,007,000 6,400,000 4,155,000 -859,000 -10,549,000 4,212,000 2,305,000 -3,514,000 -6,547,000 10,201,000 8,685,000 -2,981,000 -7,383,000 4,588,000 9,192,000 -12,942,000 254,000                 
      net cash from operating activities
    		55,695,000 43,457,000 32,582,000 52,439,000 36,580,000 41,236,000 22,922,000 60,163,000 34,403,000 39,027,000 29,422,000 40,946,000 37,696,000 36,455,000 24,521,000 42,136,000 39,552,000 34,760,000 18,825,000 37,993,000 32,852,000 21,181,000 20,796,000 40,807,000 38,756,000 47,410,000 29,427,000 48,918,000 11,426,000 42,695,000 34,001,000 43,400,000 31,200,000 46,072,000 37,226,000 38,067,000 32,464,000 34,273,000 32,445,000 38,226,000 37,380,000 31,891,000 30,581,000 
      cash flows from investing activities
    		                                           
      real estate development and capital improvements
    		-29,579,000 -23,813,000 -20,730,000 -44,649,000 -24,414,000 -21,370,000 -20,194,000 -30,964,000 -30,021,000 -31,586,000 -23,153,000 -41,054,000 -26,892,000 -29,020,000 -19,078,000 -48,930,000 -27,086,000 -11,551,000 -7,810,000 -10,256,000 -7,096,000 -4,632,000 -6,538,000 -20,296,000 -20,374,000 -23,935,000 -26,696,000 -28,062,000 -34,424,000 -27,007,000 -29,272,000 -33,403,000            
      proceeds from sale of real estate
    		121,000   25,214,000 0 26,953,000 8,230,000                         0            
      acquisitions of real estate
    		   -68,918,000 0 -83,211,000 -32,338,000 -312,815,000 0   0 0 -32,282,000 -3,940,000 -198,085,000    -32,208,000 0 0 -92,132,000                     
      net cash from investing activities
    		-30,958,000 40,540,000 -20,730,000 -88,353,000 -24,414,000 -77,628,000 -44,302,000 -31,227,000 -30,021,000 -33,657,000 -22,797,000 -41,054,000 -26,892,000 -60,949,000 -23,018,000 -244,648,000 -70,359,000 -11,551,000 15,398,000 -42,464,000 -7,096,000 -4,632,000 -44,268,000 -62,576,000 72,465,000 -3,916,000 -8,494,000 -28,062,000 -30,834,000 26,330,000 -32,237,000 -33,403,000 -19,732,000 -194,894,000 -47,703,000 -32,890,000 -18,780,000 6,321,000 -13,881,000 -37,857,000   -6,670,000 
      cash flows from financing activities
    		                                           
      debt repayments
    		-93,960,000 -89,159,000 -3,407,000 -65,312,000 -153,539,000 -66,361,000 -102,141,000 -264,943,000 -81,082,000 -342,838,000 -5,028,000 -4,335,000 -4,313,000 -85,265,000 -4,421,000 -3,868,000 -8,586,000 -3,011,000 -2,727,000 -1,735,000 -1,589,000 -83,902,000 -2,076,000 -1,680,000 -1,848,000 -915,000 -1,144,000 -1,135,000 -1,174,000 -1,135,000 -844,000 -41,081,000 -4,714,000 -4,417,000 -79,428,000 -4,450,000 -4,309,000 -25,568,000 -4,131,000 -1,983,000 -3,967,000 -3,950,000 -34,754,000 
      dividends to common shareholders
    		-23,886,000 -23,881,000 -23,874,000  -21,210,000 -20,216,000 -20,180,000  -18,803,000 -18,794,000 -18,790,000  -18,776,000 -18,774,000 -18,773,000  -17,556,000 -17,537,000 -71,348,000  0 0 -26,647,000 -26,674,000 -26,646,000 -26,453,000 -26,390,000 -25,122,000 -25,085,000               
      distributions to redeemable noncontrolling interests
    		-1,229,000 -1,231,000 -1,662,000  -1,053,000 -1,057,000 -1,279,000  -810,000 -817,000 -809,000  -782,000 -782,000 -773,000  -711,000 -730,000 -2,784,000  0 0 -1,314,000 -1,267,000 -1,298,000 -1,553,000 -1,576,000 -2,815,000 -2,735,000    -2,765,000 -2,170,000 -1,770,000 -1,360,000 -1,237,000 -1,237,000 -1,237,000 -1,236,000 -1,230,000 -1,240,000 -1,212,000 
      taxes withheld for vested restricted shares
    		0 0 -273,000 0 0 0 -195,000 0 0 18,000 -137,000 0 -15,000 -24,000 -90,000 0 0 -2,000 -208,000 -4,000 0 -1,133,000 -328,000 0 0 -41,000 -592,000 0 0 -22,000 -363,000 0 0 -27,000 -260,000 0 -5,000       
      contributions from noncontrolling interests
    		512,000   3,389,000 0   776,000 0 663,000 558,000 223,000 -1,000 719,000 745,000 4,312,000 1,418,000 0 511,000                         
      borrowings under unsecured credit facility
    		0 50,000,000 25,000,000 65,000,000 0                0 0 250,000,000                     
      proceeds from mortgage loan borrowings
    		   50,000,000 61,000,000 50,000,000 50,000,000 43,704,000 82,000,000    0        7,250,000                       
      debt issuance costs
    		-2,756,000 -18,000 -2,000 -621,000 -1,437,000 -761,000 -1,251,000 -1,713,000 -1,189,000 -5,557,000 -7,000 -8,000 -5,847,000       -1,173,000 -256,000   -6,000        -1,841,000 -7,785,000 0 -3,567,000     -2,000,000 0 0 -3,198,000 
      proceeds related to the issuance of common shares
    		-425,000   6,775,000 92,511,000 20,041,000 17,229,000 177,000 0   159,000 0   181,000 1,000   193,000 0   186,000 -61,000   162,000 -9,000               
      net cash from financing activities
    		1,856,000 -63,888,000 -4,400,000 36,910,000 -23,728,000 42,547,000 -57,817,000 67,388,000 -19,884,000 -23,130,000 -24,213,000 -23,509,000 -29,734,000 -2,212,000 -23,312,000 99,556,000 -25,434,000 -21,096,000 -76,556,000 -247,272,000 5,405,000 -19,357,000 180,979,000 -29,441,000 -38,474,000 -28,683,000 -29,667,000 -28,910,000 -29,003,000 -28,629,000 -29,014,000 102,086,000 114,461,000 288,865,000 -6,923,000 -23,731,000 -20,658,000 -46,276,000 -25,193,000 -28,724,000 -24,972,000 -25,009,000 172,500,000 
      net increase in cash and cash equivalents and restricted cash
    		26,593,000 20,109,000 7,452,000             -102,956,000 -56,241,000 2,113,000 -42,333,000 -251,743,000 31,161,000 -2,808,000 157,507,000 -51,210,000 72,747,000   -8,054,000 -48,411,000   112,083,000 125,929,000           
      cash and cash equivalents and restricted cash at beginning of period
    		0 0 90,640,000  0 0 174,248,000  0 0 128,774,000  0 0 219,836,000  0 0 419,253,000  0 0 485,136,000  0 0 457,522,000  0 0 500,841,000  0 0 140,186,000         
      cash and cash equivalents and restricted cash at end of period
    		26,593,000 20,109,000 98,092,000  -11,562,000 6,155,000 95,051,000  -15,502,000 -17,760,000 111,186,000  -18,930,000 -26,706,000 198,027,000  -56,241,000 2,113,000 376,920,000  31,161,000 -2,808,000 642,643,000  72,747,000 14,811,000 448,788,000  -48,411,000 40,396,000 473,591,000  125,929,000 140,043,000 122,786,000         
      (gain) loss on extinguishment of debt
    		  -498,000                         0 0 0 -2,524,000             
      proceeds (costs) related to the issuance of common shares
    		  -182,000                                         
      real estate impairment loss
    		       0 0 0 34,055,000                       303,000 3,164,000         
      prepaid and other assets
    		                       -954,000 -2,282,000 -188,000 93,000 3,226,000 -4,266,000 1,612,000 1,295,000 1,641,000 -7,669,000 2,932,000 -1,336,000 4,719,000 -6,003,000 1,354,000 71,000 -238,000 -5,458,000 2,353,000 -268,000 
      dividends paid to common shareholders
    		                                           
      distributions paid to redeemable noncontrolling interests
    		                                           
      purchase of interest rate cap
    		           0 0                               
      cash and cash equivalents and restricted cash at beginning of year
    		                                           
      cash and cash equivalents and restricted cash at end of year
    		                                           
      amortization of below market leases
    		    -2,783,000 -653,000 -1,490,000 -6,418,000 -1,703,000 -1,973,000 -1,508,000 -1,598,000 -1,555,000 -1,533,000 -1,974,000 -35,398,000 -15,021,000 -2,342,000 -2,412,000 -3,821,000 -2,349,000 -2,205,000 -2,249,000 -2,007,000 -2,131,000 -9,442,000 -2,360,000 -4,208,000 -19,312,000 -7,822,000 -2,633,000  -2,735,000 -2,071,000 -2,036,000 -1,869,000 -2,158,000 -1,874,000 -1,875,000 -1,837,000 -2,019,000 -2,065,000 -1,986,000 
      net decrease in cash and cash equivalents and restricted cash
    		    -11,562,000 6,155,000 -79,197,000  -15,502,000 -17,760,000 -17,588,000 -23,617,000 -18,930,000 -26,706,000 -21,809,000            -8,734,000    -27,250,000    -17,400,000         
      loss on extinguishment of debt
    		      272,000                         34,062,000 0 0 1,274,000         
      proceeds from sale of operating properties
    		       312,552,000 0 0 356,000 0 0   0 11,274,000 0 23,208,000 0 0 0 54,402,000 5,070,000 77,619,000 15,619,000 18,202,000 0 3,290,000       0 0       
      proceeds from sale of operating lease
    		                       6,000                    
      casualty and impairment loss
    		               96,000        3,668,000   3,958,000     0            
      proceeds from borrowings
    		                               710,200,000 0 125,500,000 100,000,000         
      cash paid to repurchase shares
    		                                           
      gain on sale of lease
    		                       0                    
      insurance proceeds
    		                       0 8,277,000   0 300,000               
      payment for redemption of units
    		                       0                    
      repurchase of common shares
    		                    0 -15,485,000 -38,656,000                     
      rental revenue deemed uncollectible
    		                   6,426,000 8,385,000                       
      amortization of deferred financing costs
    		                    703,000 704,000 706,000 686,000 731,000 719,000 720,000 720,000 719,000 718,000 722,000 701,000 724,000 587,000 864,000 724,000 724,000 723,000 659,000 659,000 659,000   
      credit losses related to operating lease receivables
    		                      1,424,000                     
      income from acquired leasehold interest
    		                               0 0 0 -39,215,000         
      acquisition of real estate
    		                           0 0 -966,000 -3,965,000 0 0 -174,841,000 -36,552,000 -7,267,000    -27,000,000 0   
      payment on extinguishment of debt
    		                                           
      purchase of marketable securities in connection with debt defeasance
    		                                           
      amortization of right-of-use assets
    		                        1,881,000 2,434,000 2,014,000                 
      benefit from doubtful accounts
    		                           1,550,000 79,000 1,273,000 1,236,000 1,771,000 575,000 906,000 193,000 220,000 149,000 494,000 351,000 387,000    
      proceeds (payments) related to the issuance of common shares
    		                          35,000                 
      accounts payable and accrued expenses
    		                            -6,941,000 5,340,000 -4,777,000 6,222,000 2,419,000 6,167,000 3,786,000 1,131,000 5,422,000 -3,938,000 -2,852,000 3,762,000 5,632,000 -1,909,000 3,815,000 
      other liabilities
    		                            111,000 1,935,000 385,000 -1,422,000 -143,000 421,000 1,426,000 -225,000 -109,000 1,149,000 305,000 3,084,000 -1,829,000 2,490,000 2,647,000 
      insurance proceeds received
    		                              1,000,000             
      dividends paid to shareholders
    		                              -24,997,000 -24,973,000 -24,973,000 -23,566,000 -21,869,000 -21,850,000 -19,801,000 -19,797,000 -19,792,000 -19,775,000 -19,775,000 -19,765,000 -19,852,000 
      distributions to noncontrolling interests in operating partnership
    		                              -2,786,000             
      payments related to the issuance of common shares
    		                              -24,000             
      non-cash separation costs paid by vornado
    		                                       0 0 0 17,403,000 
      contributions from vornado
    		                                          231,462,000 
      proceeds from issuance of common shares
    		                               190,000 154,698,000 193,545,000 -29,000 3,929,000 4,694,000      54,000 
      real estate additions
    		                                 -24,843,000 -11,151,000 -24,233,000 -18,123,000 -12,702,000 -14,843,000 -11,647,000 -9,386,000 -11,555,000 -3,702,000 
      decrease in cash held in escrow and restricted cash
    		                                       790,000    
      net increase in cash and cash equivalents
    		                                    -6,974,000 -5,682,000 -6,629,000 -28,355,000 3,983,000 -5,656,000 196,411,000 
      cash and cash equivalents at beginning of period
    		                                    0 0 168,983,000  0 0 2,600,000 
      cash and cash equivalents at end of period
    		                                    -6,974,000 -5,682,000 162,354,000  3,983,000 -5,656,000 199,011,000 
      supplemental disclosure of cash flow information
    		                                           
      cash payments for interest
    		                                    12,730,000 12,903,000 12,870,000 12,902,000 12,525,000 13,469,000 13,918,000 
      cash payments for income taxes
    		                                    9,000 1,232,000 17,000 0 54,000   
      non-cash investing and financing activities
    		                                           
      accrued capital expenditures included in accounts payable and accrued expenses
    		                                    2,247,000 4,366,000 5,727,000 3,846,000 1,911,000 -511,000 3,453,000 
      write off of fully depreciated assets
    		                                    275,000 404,000 279,000 6,093,000 1,154,000 2,408,000 933,000 
      decrease (increase) in cash held in escrow and restricted cash
    		                                     -915,000 962,000     
      taxes withheld for vested restricted stock
    		                                      -33,000     
      proceeds from issuance of common stock
    		                                           
      real estate impairment losses
    		                                           
      contributions from (distributions to) vornado
    		                                       -3,730,000 0   
      cash and cash equivalents at beginning of year
    		                                           
      cash and cash equivalents at end of year
    		                                           
      straight-lining of rental income
    		                                        -41,000 56,000 -83,000 
      other non-cash adjustments
    		                                        331,000 472,000 274,000 
      bad debt expense
    		                                         389,000 323,000 
      increase in cash held in escrow and restricted cash
    		                                           
      net cash (used in) investing activities
    		                                           
      deferred financing amortization
    		                                          684,000 
      (increase) in cash held in escrow and restricted cash
    		                                          -2,968,000 
      cash payments for taxes
    		                                          16,000 
      adjustments to carry redeemable nci at redemption value
    		                                          110,653,000 
      depreciation and amortization, including amortization of debt issuance costs
    		                                           
      prepaid assets
    		                                           
      other assets
    		                                           
      acquisitions of land
    		                                           
      restricted cash
    		                                           
      change in vornado’s investment
    		                                           
      supplemental disclosure of cash flow information and non-cash activities
    		                                           
      write off of fully depreciated assets, including assets impaired
    		                                           
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.