VORNADO REALTY TRUST 88 NOTES TO CONSOLIDATED FINANCIAL STA TEMENTS See notes on following page December 31, 2001 Temperature Merchandise Controlled (AMOUNTS IN THOUSANDS)  Total Office Retail Mart Logistics Other (2) Property rentals $ 769,780 $ 399,459 $116,710 $191,909 $ — $ 61,702 Straight-line rents: Contractual rent increases 28,964 24,012 (45) 4,997 — — Amortization of free rent 14,345 11,396 2,187 762 — — Amortization of acquired below market  leases, net — — — — — — Total rentals 813,089 434,867 118,852 197,668 — 61,702 Expense reimbursements 129,013 64,097 48,708 13,801 — 2,407 Fee and other income: Tenant cleaning fees — — — — — — Management and leasing fees 1,472 1,404 — 68 — — Other 8,587 1,848 1,076 3,256 — 2,407 Total revenues 952,161 502,216 168,636 214,793 — 66,516 Operating expenses 385,449 205,408 55,200 83,107 — 41,734 Depreciation and amortization 120,614 68,726 14,218 25,397 — 12,273 General and administrative 71,716 11,569 3,572 18,081 — 38,494 Costs of acquisitions not consummated 5,223 — — — — 5,223 Total expenses 583,002 285,703 72,990 126,585 — 97,724 Operating income 369,159 216,513 95,646 88,208 — (31,208) Income applicable to Alexander’s 25,718 — — — — 25,718 Income from partially-owned entities 80,612 32,746 1,914 149 17,447 28,356 Interest and other investment income 54,385 6,866 608 2,045 — 44,866 Interest and debt expense (167,430) (49,021) (55,358) (33,354) — (29,697) Net (loss) gain on disposition of wholly-owned  and partially-owned assets other than  real estate (8,070) — — 160 — (8,230) Minority interest (112,363) (2,466) — — — (109,897) Income before discontinued operations and  gains on sale of real estate 242,011 204,638 42,810 57,208 17,447 (80,092) Discontinued operations 10,342 9,265 1,077 — — — Gains on sale of real estate 15,495 12,445 3,050 — — — Cumulative effect of change in accounting principle (4,110) — — — — (4,110) Net income 263,738 226,348 46,937 57,208 17,447 (84,202) Cumulative effect of change in accounting principle 4,110 — — — — 4,110 Interest and debt expense (3) 266,784 92,410 57,915 33,354 26,459 56,646 Depreciation and amortization (3) 188,859 91,085 18,957 25,397 33,815 19,605 EBITDA (1) $ 723,491 $ 409,843 $123,809 $ 115,959 $ 77,721 $ (3,841) Balance sheet data: Real estate, net $ 4,068,390 $ 2,337,407 $497,454 $ 911,067 $ — $ 322,462 Investments and advances to  partially-owned entities 1,270,195 374,371 28,213 9,764 474,862 382,985 Capital expenditures: Acquisitions 11,574 11,574 — — — — Other 158,343 79,117 7,597 51,036 5,700 14,893