for the year ended december 31 , 2013 , compared to $ 624,346,000 , or $ 122.24 per diluted share for the year ended december 31 , 2012 ( primarily from the net gain on sale of kings plaza ) . funds from operations attributable to common stockholders ( “ ffo ” ) for the year ended december 31 , 2013 was $ 85,717,000 , or $ 16.78 per diluted share , compared to $ 107,616,000 , or $ 21.07 per diluted share for the prior year . ffo includes ffo from discontinued operations ( kings plaza ) of $ 2,252,000 , or $ 0.44 per diluted share for the year ended december 31 , 2013 , compared to $ 28,936,000 , or $ 5.67 per diluted share , including $ 4,218,000 of real property depreciation , for the prior year . quarter ended december 31 , 2013 financial results summary net income attributable to common stockholders for the quarter ended december 31 , 2013 was $ 15,790,000 , or $ 3.09 per diluted share , compared to $ 617,157,000 , or $ 120.82 per diluted share for the quarter ended december 31 , 2012. net income attributable to common stockholders includes income from discontinued operations ( kings plaza ) of $ 2,252,000 , or $ 0.44 per diluted share for the quarter ended december 31 , 2013 , compared to $ 605,124,000 , or $ 118.46 per diluted share for the quarter ended december 31 , 2012 ( primarily from the net gain on sale of kings plaza ) . ffo for the quarter ended december 31 , 2013 was $ 23,015,000 , or $ 4.50 per diluted share , compared to $ 24,723,000 , or $ 4.84 per diluted share for the prior year 's quarter . ffo includes ffo from discontinued operations ( kings plaza ) of $ 2,252,000 , or $ 0.44 per diluted share for the quarter ended december 31 , 2013 , compared to $ 5,496,000 , or $ 1.08 per diluted share for the prior year 's quarter . 22 overview – continued leasing activity , square footage and occupancy as of december 31 , 2013 and 2012 , our portfolio was comprised of six properties aggregating 2,178,000 square feet that had occupancy rates of 99.4 % and 99.1 % , respectively . in the year ended december 31 , 2013 we leased 6,562 square feet with an average initial rent of $ 346.84 per square foot and a weighted average lease term of 10.4 years . significant tenants bloomberg l.p. ( “ bloomberg ” ) accounted for $ 88,164,000 , $ 86,468,000 and $ 84,526,000 , or 45 % , 45 % and 46 % of our total revenues in the years ended december 31 , 2013 , 2012 and 2011 , respectively . no other tenant accounted for more than 10 % of our total revenues in any of the last three years . if we were to lose bloomberg as a tenant , or if bloomberg were to fail or become unable to perform its obligations under its lease , it would adversely affect our results of operations and financial condition . we receive and evaluate certain confidential financial information and metrics from bloomberg on a semi-annual basis . in addition , we access and evaluate financial information regarding bloomberg from private sources , as well as publicly available data . critical accounting policies and estimates our financial statements are prepared in conformity with accounting principles generally accepted in the united states of america ( “ gaap ” ) , which requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods . actual results could differ from those estimates . set forth below is a summary of our accounting policies that we believe are critical to the preparation of our consolidated financial statements . this summary should be read in conjunction with a more complete discussion of our accounting policies included in note 2 to the consolidated financial statements in this annual report on form 10-k. real estate real estate is carried at cost , net of accumulated depreciation and amortization . as of december 31 , 2013 and 2012 , the carrying amount of our real estate , net of accumulated depreciation and amortization , was $ 734,201,000 and $ 750,966,000 , respectively . maintenance and repairs are expensed as incurred . depreciation requires an estimate by management of the useful life of each property and improvement as well as an allocation of the costs associated with a property to its various components . if we do not allocate these costs appropriately or incorrectly estimate the useful lives of our real estate , depreciation expense may be misstated . as real estate is undergoing development activities , all property operating expenses directly associated with and attributable to , the development and construction of a project , including interest expense , are capitalized to the cost of the real property to the extent that we believe such costs are recoverable through the value of the property . the capitalization period begins when development activities are underway and ends when the project is substantially complete . general and administrative costs are expensed as incurred . our properties and related intangible assets , including properties to be developed in the future and currently under development , are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable . story_separator_special_tag december 31 , 2011 , a decrease of $ 1,017,000. this decrease was primarily due to our kings plaza energy plant venture partner 's 75 % pro-rata share of a true-up in straight-line rental income in the year ended december 31 , 2011. the kings plaza energy plant was sold together with kings plaza in november 2012 . 26 related party transactions vornado steven roth is the chairman of our board of directors and chief executive officer , the managing general partner of interstate properties ( “ interstate ” ) , a new jersey general partnership , and the chairman of the board of trustees and chief executive officer of vornado . at december 31 , 2013 , mr. roth , interstate and its other two general partners , david mandelbaum and russell b. wight , jr. ( who are also directors of the company and trustees of vornado ) owned , in the aggregate , 26.3 % of our outstanding common stock , in addition to the 2.1 % they indirectly own through vornado . joseph macnow , our executive vice president and chief financial officer , is the executive vice president – finance and chief administrative officer of vornado . at december 31 , 2013 , vornado owned 32.4 % of our outstanding common stock . we are managed by , and our properties are leased and developed by , vornado , pursuant to various agreements , which expire in march of each year and are automatically renewable . these agreements are described in note 3 – related party transactions , to our consolidated financial statements in this annual report on form 10-k. 27 story_separator_special_tag $ 2,154,000 for the net change in operating assets and liabilities , partially offset by $ 567,440,000 of adjustments for non-cash items . the adjustments for non-cash items were primarily comprised of a net gain on the sale of real estate of $ 599,628,000 and straight-lining of rental income of $ 4,475,000 , partially offset by depreciation and amortization of $ 36,363,000. net cash provided by investing activities of $ 710,077,000 was comprised of ( i ) net proceeds from the sale of real estate of $ 714,054,000 ( excluding $ 30,000,000 of stock consideration ) and ( ii ) proceeds from maturing short-term investments of $ 5,000,000 , partially offset by ( iii ) $ 7,351,000 of real estate additions , primarily related to our rego park ii property and ( iv ) an increase in restricted cash of $ 1,626,000. net cash used in financing activities of $ 973,007,000 was primarily comprised of ( i ) dividends paid on common stock of $ 699,791,000 , which included a special dividend of $ 623,178,000 to distribute the tax gain on the sale of kings plaza , ( ii ) repayment of the kings plaza debt of $ 250,000,000 upon the sale of the property , ( iii ) debt repayments of $ 15,016,000 and ( iv ) a payment of $ 7,800,000 to acquire the noncontrolling interest in the kings plaza energy plant joint venture , which was sold with the mall . 30 liquidity and capital resources – continued year ended december 31 , 2011 cash and cash equivalents were $ 506,619,000 at december 31 , 2011 , compared to $ 397,220,000 at december 31 , 2010 , an increase of $ 109,399,000. this increase resulted from $ 92,514,000 of net cash provided by operating activities , $ 383,000 of net cash provided by investing activities and $ 16,502,000 of net cash provided by financing activities . net cash provided by operating activities of $ 92,514,000 was comprised of net income of $ 81,046,000 , and $ 22,216,000 of adjustments for non-cash items , partially offset by $ 10,748,000 for the net change in operating assets and liabilities . the adjustments for non-cash items were primarily comprised of depreciation and amortization of $ 37,086,000 , partially offset by straight-lining of rental income of $ 12,609,000 and a $ 2,561,000 reversal of a portion of the liability for income taxes . net cash provided by investing activities of $ 383,000 was comprised of ( i ) proceeds from maturing short-term investments of $ 23,000,000 , partially offset by ( ii ) $ 14,415,000 of real estate additions , primarily related to the development of our rego park ii property , ( iii ) purchases of short-term investments of $ 5,000,000 , and ( iv ) an increase in restricted cash of $ 3,202,000. net cash provided by financing activities of $ 16,502,000 was primarily comprised of $ 593,000,000 of proceeds from the refinancing of our rego park ii , kings plaza and paramus properties , partially offset by debt repayments of $ 508,479,000 ( primarily rego park ii , kings plaza and paramus ) and dividends paid on common stock of $ 61,277,000 . 31 funds from operations ( “ ffo ” ) ffo is computed in accordance with the definition adopted by the board of governors of the national association of real estate investment trusts ( “ nareit ” ) . nareit defines ffo as gaap net income or loss adjusted to exclude net gains from sales of depreciated real estate assets , real estate impairment losses , depreciation and amortization expense from real estate assets , extraordinary items and other specified non-cash items , including the pro rata share of such adjustments of unconsolidated subsidiaries . ffo and ffo per diluted share are used by management , investors and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers because it excludes the effect of real estate depreciation and amortization and net gains on sales , which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time , rather than fluctuating based on existing market conditions . ffo does not represent cash generated from operating activities and is not necessarily indicative of cash available to fund cash requirements

liquidity and capital resources property rental income is our primary source of cash flow and is dependent on a number of factors including the occupancy level and rental rates of our properties , as well as our tenants ' ability to pay their rents . our properties provide us with a relatively consistent stream of cash flow that enables us to pay our operating expenses , interest expense , recurring capital expenditures and cash dividends to stockholders . other sources of liquidity to fund cash requirements include our existing cash , proceeds from financings , including mortgage or construction loans secured by our properties and proceeds from asset sales . we anticipate that cash flows from continuing operations over the next twelve months , together with existing cash balances , will be adequate to fund our business operations , cash dividends to stockholders , debt amortization and maturities , and recurring capital expenditures . dividends on january 15 , 2014 , we increased our regular quarterly dividend to $ 3.25 per share ( a new indicated annual rate of $ 13.00 per share ) . the new dividend , if continued for all of 2014 , would require us to pay out approximately $ 66,500,000. development project we have commenced the construction of an apartment tower , which will contain approximately 300 units aggregating 250,000 square feet , above our rego park ii shopping center . construction is expected to be completed in 2015 and cost approximately $ 125,000,000 , of which $ 2,265,000 has been incurred as of december 31 , 2013. there can be no assurance that the project will be completed , or completed on schedule or within budget .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources property rental income is our primary source of cash flow and is dependent on a number of factors including the occupancy level and rental rates of our properties , as well as our tenants ' ability to pay their rents . our properties provide us with a relatively consistent stream of cash flow that enables us to pay our operating expenses , interest expense , recurring capital expenditures and cash dividends to stockholders . other sources of liquidity to fund cash requirements include our existing cash , proceeds from financings , including mortgage or construction loans secured by our properties and proceeds from asset sales . we anticipate that cash flows from continuing operations over the next twelve months , together with existing cash balances , will be adequate to fund our business operations , cash dividends to stockholders , debt amortization and maturities , and recurring capital expenditures . dividends on january 15 , 2014 , we increased our regular quarterly dividend to $ 3.25 per share ( a new indicated annual rate of $ 13.00 per share ) . the new dividend , if continued for all of 2014 , would require us to pay out approximately $ 66,500,000. development project we have commenced the construction of an apartment tower , which will contain approximately 300 units aggregating 250,000 square feet , above our rego park ii shopping center . construction is expected to be completed in 2015 and cost approximately $ 125,000,000 , of which $ 2,265,000 has been incurred as of december 31 , 2013. there can be no assurance that the project will be completed , or completed on schedule or within budget .
```    
 Suspicious Activity Report : for the year ended december 31 , 2013 , compared to $ 624,346,000 , or $ 122.24 per diluted share for the year ended december 31 , 2012 ( primarily from the net gain on sale of kings plaza ) . funds from operations attributable to common stockholders ( “ ffo ” ) for the year ended december 31 , 2013 was $ 85,717,000 , or $ 16.78 per diluted share , compared to $ 107,616,000 , or $ 21.07 per diluted share for the prior year . ffo includes ffo from discontinued operations ( kings plaza ) of $ 2,252,000 , or $ 0.44 per diluted share for the year ended december 31 , 2013 , compared to $ 28,936,000 , or $ 5.67 per diluted share , including $ 4,218,000 of real property depreciation , for the prior year . quarter ended december 31 , 2013 financial results summary net income attributable to common stockholders for the quarter ended december 31 , 2013 was $ 15,790,000 , or $ 3.09 per diluted share , compared to $ 617,157,000 , or $ 120.82 per diluted share for the quarter ended december 31 , 2012. net income attributable to common stockholders includes income from discontinued operations ( kings plaza ) of $ 2,252,000 , or $ 0.44 per diluted share for the quarter ended december 31 , 2013 , compared to $ 605,124,000 , or $ 118.46 per diluted share for the quarter ended december 31 , 2012 ( primarily from the net gain on sale of kings plaza ) . ffo for the quarter ended december 31 , 2013 was $ 23,015,000 , or $ 4.50 per diluted share , compared to $ 24,723,000 , or $ 4.84 per diluted share for the prior year 's quarter . ffo includes ffo from discontinued operations ( kings plaza ) of $ 2,252,000 , or $ 0.44 per diluted share for the quarter ended december 31 , 2013 , compared to $ 5,496,000 , or $ 1.08 per diluted share for the prior year 's quarter . 22 overview – continued leasing activity , square footage and occupancy as of december 31 , 2013 and 2012 , our portfolio was comprised of six properties aggregating 2,178,000 square feet that had occupancy rates of 99.4 % and 99.1 % , respectively . in the year ended december 31 , 2013 we leased 6,562 square feet with an average initial rent of $ 346.84 per square foot and a weighted average lease term of 10.4 years . significant tenants bloomberg l.p. ( “ bloomberg ” ) accounted for $ 88,164,000 , $ 86,468,000 and $ 84,526,000 , or 45 % , 45 % and 46 % of our total revenues in the years ended december 31 , 2013 , 2012 and 2011 , respectively . no other tenant accounted for more than 10 % of our total revenues in any of the last three years . if we were to lose bloomberg as a tenant , or if bloomberg were to fail or become unable to perform its obligations under its lease , it would adversely affect our results of operations and financial condition . we receive and evaluate certain confidential financial information and metrics from bloomberg on a semi-annual basis . in addition , we access and evaluate financial information regarding bloomberg from private sources , as well as publicly available data . critical accounting policies and estimates our financial statements are prepared in conformity with accounting principles generally accepted in the united states of america ( “ gaap ” ) , which requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods . actual results could differ from those estimates . set forth below is a summary of our accounting policies that we believe are critical to the preparation of our consolidated financial statements . this summary should be read in conjunction with a more complete discussion of our accounting policies included in note 2 to the consolidated financial statements in this annual report on form 10-k. real estate real estate is carried at cost , net of accumulated depreciation and amortization . as of december 31 , 2013 and 2012 , the carrying amount of our real estate , net of accumulated depreciation and amortization , was $ 734,201,000 and $ 750,966,000 , respectively . maintenance and repairs are expensed as incurred . depreciation requires an estimate by management of the useful life of each property and improvement as well as an allocation of the costs associated with a property to its various components . if we do not allocate these costs appropriately or incorrectly estimate the useful lives of our real estate , depreciation expense may be misstated . as real estate is undergoing development activities , all property operating expenses directly associated with and attributable to , the development and construction of a project , including interest expense , are capitalized to the cost of the real property to the extent that we believe such costs are recoverable through the value of the property . the capitalization period begins when development activities are underway and ends when the project is substantially complete . general and administrative costs are expensed as incurred . our properties and related intangible assets , including properties to be developed in the future and currently under development , are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable . story_separator_special_tag december 31 , 2011 , a decrease of $ 1,017,000. this decrease was primarily due to our kings plaza energy plant venture partner 's 75 % pro-rata share of a true-up in straight-line rental income in the year ended december 31 , 2011. the kings plaza energy plant was sold together with kings plaza in november 2012 . 26 related party transactions vornado steven roth is the chairman of our board of directors and chief executive officer , the managing general partner of interstate properties ( “ interstate ” ) , a new jersey general partnership , and the chairman of the board of trustees and chief executive officer of vornado . at december 31 , 2013 , mr. roth , interstate and its other two general partners , david mandelbaum and russell b. wight , jr. ( who are also directors of the company and trustees of vornado ) owned , in the aggregate , 26.3 % of our outstanding common stock , in addition to the 2.1 % they indirectly own through vornado . joseph macnow , our executive vice president and chief financial officer , is the executive vice president – finance and chief administrative officer of vornado . at december 31 , 2013 , vornado owned 32.4 % of our outstanding common stock . we are managed by , and our properties are leased and developed by , vornado , pursuant to various agreements , which expire in march of each year and are automatically renewable . these agreements are described in note 3 – related party transactions , to our consolidated financial statements in this annual report on form 10-k. 27 story_separator_special_tag $ 2,154,000 for the net change in operating assets and liabilities , partially offset by $ 567,440,000 of adjustments for non-cash items . the adjustments for non-cash items were primarily comprised of a net gain on the sale of real estate of $ 599,628,000 and straight-lining of rental income of $ 4,475,000 , partially offset by depreciation and amortization of $ 36,363,000. net cash provided by investing activities of $ 710,077,000 was comprised of ( i ) net proceeds from the sale of real estate of $ 714,054,000 ( excluding $ 30,000,000 of stock consideration ) and ( ii ) proceeds from maturing short-term investments of $ 5,000,000 , partially offset by ( iii ) $ 7,351,000 of real estate additions , primarily related to our rego park ii property and ( iv ) an increase in restricted cash of $ 1,626,000. net cash used in financing activities of $ 973,007,000 was primarily comprised of ( i ) dividends paid on common stock of $ 699,791,000 , which included a special dividend of $ 623,178,000 to distribute the tax gain on the sale of kings plaza , ( ii ) repayment of the kings plaza debt of $ 250,000,000 upon the sale of the property , ( iii ) debt repayments of $ 15,016,000 and ( iv ) a payment of $ 7,800,000 to acquire the noncontrolling interest in the kings plaza energy plant joint venture , which was sold with the mall . 30 liquidity and capital resources – continued year ended december 31 , 2011 cash and cash equivalents were $ 506,619,000 at december 31 , 2011 , compared to $ 397,220,000 at december 31 , 2010 , an increase of $ 109,399,000. this increase resulted from $ 92,514,000 of net cash provided by operating activities , $ 383,000 of net cash provided by investing activities and $ 16,502,000 of net cash provided by financing activities . net cash provided by operating activities of $ 92,514,000 was comprised of net income of $ 81,046,000 , and $ 22,216,000 of adjustments for non-cash items , partially offset by $ 10,748,000 for the net change in operating assets and liabilities . the adjustments for non-cash items were primarily comprised of depreciation and amortization of $ 37,086,000 , partially offset by straight-lining of rental income of $ 12,609,000 and a $ 2,561,000 reversal of a portion of the liability for income taxes . net cash provided by investing activities of $ 383,000 was comprised of ( i ) proceeds from maturing short-term investments of $ 23,000,000 , partially offset by ( ii ) $ 14,415,000 of real estate additions , primarily related to the development of our rego park ii property , ( iii ) purchases of short-term investments of $ 5,000,000 , and ( iv ) an increase in restricted cash of $ 3,202,000. net cash provided by financing activities of $ 16,502,000 was primarily comprised of $ 593,000,000 of proceeds from the refinancing of our rego park ii , kings plaza and paramus properties , partially offset by debt repayments of $ 508,479,000 ( primarily rego park ii , kings plaza and paramus ) and dividends paid on common stock of $ 61,277,000 . 31 funds from operations ( “ ffo ” ) ffo is computed in accordance with the definition adopted by the board of governors of the national association of real estate investment trusts ( “ nareit ” ) . nareit defines ffo as gaap net income or loss adjusted to exclude net gains from sales of depreciated real estate assets , real estate impairment losses , depreciation and amortization expense from real estate assets , extraordinary items and other specified non-cash items , including the pro rata share of such adjustments of unconsolidated subsidiaries . ffo and ffo per diluted share are used by management , investors and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers because it excludes the effect of real estate depreciation and amortization and net gains on sales , which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time , rather than fluctuating based on existing market conditions . ffo does not represent cash generated from operating activities and is not necessarily indicative of cash available to fund cash requirements

