net income for the quarter ended december 31 , 2018 included $ 6,429,000 , or $ 1.26 per diluted share , from the decrease in the fair value of marketable securities . ffo ( non-gaap ) for the quarter ended december 31 , 2018 was $ 24,158,000 , or $ 4.72 per diluted share , compared to $ 28,062,000 , or $ 5.49 per diluted share for the quarter ended december 31 , 2017 . square footage , occupancy and leasing activity as of december 31 , 2018 , our portfolio was comprised of seven properties aggregating 2,437,000 square feet . as of december 31 , 2018 , our properties had an occupancy rate of 91.4 % . 25 overview - continued real property transfer tax litigation in 2012 , we sold kings plaza and paid real property transfer taxes to new york city in connection with the sale . in 2015 , the new york city department of finance ( “ nyc dof ” ) issued a notice of determination to us assessing an additional new york city real property transfer tax amount , including interest , which we are contesting . in 2014 , in a case with similar facts , the nyc dof issued a notice of determination to a vornado joint venture assessing an additional new york city real property transfer tax amount , including interest . in january 2017 , a new york city administrative law judge made a determination upholding the vornado joint venture 's position that such additional real property transfer taxes were not due . on february 16 , 2018 , the new york city tax appeals tribunal ( the “ tribunal ” ) overturned the january 2017 determination . the vornado joint venture is appealing the tribunal 's decision to the appellate division of the supreme court of the state of new york which is scheduled to be heard in the first half of 2019. in 2018 , based on the precedent of the tribunal 's decision , we recorded an expense for the potential additional real property transfer taxes of $ 23,797,000 ( $ 15,874,000 of real property transfer tax and $ 7,923,000 of interest ) and paid this amount in order to stop the interest from accruing . our case is on hold pending the outcome of the vornado joint venture 's appeal . tenant matters on april 4 , 2017 , sears closed its 195,000 square foot store at our rego park i shopping center ( $ 10,300,000 of annual revenue ) . on october 15 , 2018 , sears filed for chapter 11 bankruptcy relief and rejected its lease . consequently , we wrote off the remaining balance of the sears receivable arising from the straight-lining of rent of $ 2,973,000 during the year ended december 31 , 2018. in addition , we accelerated depreciation and amortization of the remaining balance of $ 312,000 of deferred leasing costs during the year ended december 31 , 2018 . on september 18 , 2017 , toys filed for chapter 11 bankruptcy relief . on june 30 , 2018 , toys rejected its 47,000 square foot lease at our rego park ii shopping center ( $ 2,600,000 of annual revenue ) and possession of the space was returned to us . consequently , we accelerated depreciation and amortization of the remaining balances of $ 588,000 of tenant improvements and $ 215,000 of deferred leasing costs during the year ended december 31 , 2018. we also wrote off the toys receivable arising from the straight-lining of rent of $ 500,000 during the year ended december 31 , 2018 . on january 10 , 2019 , kohl 's announced that it plans to close and sublease its 133,000 square foot store at our rego park ii shopping center ; kohl 's remains obligated to us under its lease which expires in january 2031. financing on october 3 , 2018 , we extended our mortgage loan on our paramus property . the $ 68,000,000 interest-only loan has a fixed rate of 4.72 % and matures in october 2021. previously the loan bore interest at a fixed rate of 2.90 % . the tenant pays all of the interest on this mortgage loan as part of its rent . on december 12 , 2018 , we completed a $ 252,544,000 refinancing of our rego park ii shopping center . the interest-only loan is at libor plus 1.35 % ( 3.87 % as of december 31 , 2018 ) and matures in december 2025. the previous loan bore interest at libor plus 1.85 % and was scheduled to mature in january 2019. as of december 31 , 2018 , we hold a $ 195,708,000 participation in the mortgage loan , earning interest at libor plus 1.35 % . the participation in the previous mortgage loan earned interest at libor plus 1.60 % . significant tenant bloomberg accounted for revenue of $ 107,356,000 , $ 105,224,000 and $ 104,590,000 in the years ended december 31 , 2018 , 2017 and 2016 , respectively , representing approximately 46 % of our total revenues in each year . no other tenant accounted for more than 10 % of our total revenues . if we were to lose bloomberg as a tenant , or if bloomberg were to be unable to fulfill its obligations under its lease , it would adversely affect our results of operations and financial condition . in order to assist us in our continuing assessment of bloomberg 's creditworthiness , we receive certain confidential financial information and metrics from bloomberg . in addition , we access and evaluate financial information regarding bloomberg from other private sources , as well as publicly available data . story_separator_special_tag 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 capital expenditures . dividends on january 16 , 2019 , we set our regular quarterly dividend to $ 4.50 per share ( an indicated annual rate of $ 18.00 per share ) . the dividend , when declared by the board of directors for all of 2019 , will require us to pay out approximately $ 92,100,000. financing activities and contractual obligations on june 1 , 2017 , we completed a $ 500,000,000 refinancing of the office portion of 731 lexington avenue . the interest-only loan is at libor plus 0.90 % ( 3.36 % as of december 31 , 2018 ) and matures in june 2020 , with four one-year extension options . in connection therewith , we purchased an interest rate cap with a notional amount of $ 500,000,000 that caps libor at a rate of 6.0 % . the property was previously encumbered by a $ 300,000,000 interest-only mortgage at libor plus 0.95 % which was scheduled to mature in march 2021. on october 3 , 2018 , we extended our mortgage loan on our paramus property . the $ 68,000,000 interest-only loan has a fixed rate of 4.72 % and matures in october 2021. previously the loan bore interest at a fixed rate of 2.90 % . the tenant pays all of the interest on this mortgage loan as part of its rent . 31 liquidity and capital resources - continued on december 12 , 2018 , we completed a $ 252,544,000 refinancing of our rego park ii shopping center . the interest-only loan is at libor plus 1.35 % ( 3.87 % as of december 31 , 2018 ) and matures in december 2025. the previous loan bore interest at libor plus 1.85 % and was scheduled to mature in january 2019. as of december 31 , 2018 , we hold a $ 195,708,000 participation in the mortgage loan , earning interest at libor plus 1.35 % . the participation in the previous mortgage loan earned interest at libor plus 1.60 % . below is a summary of our outstanding debt and maturities as of december 31 , 2018 . we may refinance our maturing debt as it comes due or choose to repay it . balance interest rate maturity ( 1 ) ( amounts in thousands ) paramus $ 68,000 4.72 % oct. 2021 731 lexington avenue , retail space ( 2 ) 350,000 3.78 % aug. 2022 731 lexington avenue , office space ( 3 ) 500,000 3.36 % jun . 2024 rego park ii shopping center ( 4 ) 252,544 3.87 % dec. 2025 total 1,170,544 deferred debt issuance costs , net of accumulated amortization of $ 9,212 ( 9,010 ) total , net $ 1,161,534 ( 1 ) represents the extended maturity where we have the unilateral right to extend . ( 2 ) interest at libor plus 1.40 % . ( 3 ) interest at libor plus 0.90 % . ( 4 ) interest at libor plus 1.35 % . see above for details of our rego park ii loan participation . below is a summary of our contractual obligations and commitments as of december 31 , 2018 . replace_table_token_3_th commitments and contingencies insurance we maintain general liability insurance with limits of $ 300,000,000 per occurrence and per property , and all-risk property and rental value insurance coverage with limits of $ 1.7 billion per occurrence , including coverage for acts of terrorism , with sub-limits for certain perils such as floods and earthquakes on each of our properties . fifty ninth street insurance company , llc ( “ fnsic ” ) , our wholly owned consolidated subsidiary , acts as a direct insurer for coverage for acts of terrorism , including nuclear , biological , chemical and radiological ( “ nbcr ” ) acts , as defined by the terrorism risk insurance program reauthorization act , which expires in december 2020. coverage for acts of terrorism ( including nbcr acts ) is up to $ 1.7 billion per occurrence and in the aggregate . coverage for acts of terrorism ( excluding nbcr acts ) is fully reinsured by third party insurance companies and the federal government with no exposure to fnsic . for nbcr acts , fnsic is responsible for a $ 323,000 deductible and 19 % of the balance of a covered loss , and the federal government is responsible for the remaining 81 % of a covered loss . we are ultimately responsible for any loss incurred by fnsic . 32 liquidity and capital resources - continued we continue to monitor the state of the insurance market and the scope and costs of coverage for acts of terrorism or other events . however , we can not anticipate what coverage will be available on commercially reasonable terms in the future . we are responsible for uninsured losses and for deductibles and losses in excess of our insurance coverage , which could be material . our mortgage loans are non-recourse to us and contain customary covenants requiring us to maintain insurance . although we believe that we have adequate insurance coverage for purposes of these agreements , we may not be able to obtain an equivalent amount of coverage at reasonable costs in the future . further , if lenders insist on greater coverage than we are able to obtain , it could adversely affect our

cash flows for the year ended december 31 , 2017 cash and cash equivalents and restricted cash were $ 393,279,000 at december 31 , 2017 , compared to $ 374,678,000 at december 31 , 2016 , an increase of $ 18,601,000. this increase resulted from ( i ) $ 123,426,000 of net cash provided by operating activities and ( ii ) $ 97,146,000 of net cash provided by financing activities , partially offset by ( iii ) $ 201,971,000 of net cash used in investing activities . net cash provided by operating activities of $ 123,426,000 was comprised of ( i ) net income of $ 80,509,000 and ( ii ) adjustments for non-cash items of $ 43,372,000 , partially offset by ( iii ) the net change in operating assets and liabilities of $ 455,000. the adjustments for non-cash items were comprised of ( i ) depreciation and amortization ( including amortization of debt issuance costs ) of $ 38,681,000 , ( ii ) straight-lining of rental income of $ 4,297,000 and ( iii ) stock-based compensation expense of $ 394,000. net cash provided by financing activities of $ 97,146,000 was primarily comprised of ( i ) $ 500,000,000 of proceeds from the refinancing of the office portion of 731 lexington avenue , partially offset by ( ii ) debt repayments of $ 303,707,000 ( primarily the repayment of the former loan on the office portion of 731 lexington avenue ) and ( iii ) dividends paid of $ 86,961,000. net cash used in investing activities of $ 201,971,000 was comprised of ( i ) rego park ii loan participation of $ 200,000,000 and ( ii ) construction in progress and real estate additions of $ 3,434,000 , partially offset by ( iii ) principal repayment proceeds from the rego park ii loan participation of $ 1,463,000. cash flows for the year ended december 31 , 2016 cash and cash equivalents and restricted cash were $ 374,678,000 at december 31 , 2016 , compared to $ 344,656,000 at december 31 , 2015 , an increase of


 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.
     ```cash flows for the year ended december 31 , 2017 cash and cash equivalents and restricted cash were $ 393,279,000 at december 31 , 2017 , compared to $ 374,678,000 at december 31 , 2016 , an increase of $ 18,601,000. this increase resulted from ( i ) $ 123,426,000 of net cash provided by operating activities and ( ii ) $ 97,146,000 of net cash provided by financing activities , partially offset by ( iii ) $ 201,971,000 of net cash used in investing activities . net cash provided by operating activities of $ 123,426,000 was comprised of ( i ) net income of $ 80,509,000 and ( ii ) adjustments for non-cash items of $ 43,372,000 , partially offset by ( iii ) the net change in operating assets and liabilities of $ 455,000. the adjustments for non-cash items were comprised of ( i ) depreciation and amortization ( including amortization of debt issuance costs ) of $ 38,681,000 , ( ii ) straight-lining of rental income of $ 4,297,000 and ( iii ) stock-based compensation expense of $ 394,000. net cash provided by financing activities of $ 97,146,000 was primarily comprised of ( i ) $ 500,000,000 of proceeds from the refinancing of the office portion of 731 lexington avenue , partially offset by ( ii ) debt repayments of $ 303,707,000 ( primarily the repayment of the former loan on the office portion of 731 lexington avenue ) and ( iii ) dividends paid of $ 86,961,000. net cash used in investing activities of $ 201,971,000 was comprised of ( i ) rego park ii loan participation of $ 200,000,000 and ( ii ) construction in progress and real estate additions of $ 3,434,000 , partially offset by ( iii ) principal repayment proceeds from the rego park ii loan participation of $ 1,463,000. cash flows for the year ended december 31 , 2016 cash and cash equivalents and restricted cash were $ 374,678,000 at december 31 , 2016 , compared to $ 344,656,000 at december 31 , 2015 , an increase of
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 Suspicious Activity Report : net income for the quarter ended december 31 , 2018 included $ 6,429,000 , or $ 1.26 per diluted share , from the decrease in the fair value of marketable securities . ffo ( non-gaap ) for the quarter ended december 31 , 2018 was $ 24,158,000 , or $ 4.72 per diluted share , compared to $ 28,062,000 , or $ 5.49 per diluted share for the quarter ended december 31 , 2017 . square footage , occupancy and leasing activity as of december 31 , 2018 , our portfolio was comprised of seven properties aggregating 2,437,000 square feet . as of december 31 , 2018 , our properties had an occupancy rate of 91.4 % . 25 overview - continued real property transfer tax litigation in 2012 , we sold kings plaza and paid real property transfer taxes to new york city in connection with the sale . in 2015 , the new york city department of finance ( “ nyc dof ” ) issued a notice of determination to us assessing an additional new york city real property transfer tax amount , including interest , which we are contesting . in 2014 , in a case with similar facts , the nyc dof issued a notice of determination to a vornado joint venture assessing an additional new york city real property transfer tax amount , including interest . in january 2017 , a new york city administrative law judge made a determination upholding the vornado joint venture 's position that such additional real property transfer taxes were not due . on february 16 , 2018 , the new york city tax appeals tribunal ( the “ tribunal ” ) overturned the january 2017 determination . the vornado joint venture is appealing the tribunal 's decision to the appellate division of the supreme court of the state of new york which is scheduled to be heard in the first half of 2019. in 2018 , based on the precedent of the tribunal 's decision , we recorded an expense for the potential additional real property transfer taxes of $ 23,797,000 ( $ 15,874,000 of real property transfer tax and $ 7,923,000 of interest ) and paid this amount in order to stop the interest from accruing . our case is on hold pending the outcome of the vornado joint venture 's appeal . tenant matters on april 4 , 2017 , sears closed its 195,000 square foot store at our rego park i shopping center ( $ 10,300,000 of annual revenue ) . on october 15 , 2018 , sears filed for chapter 11 bankruptcy relief and rejected its lease . consequently , we wrote off the remaining balance of the sears receivable arising from the straight-lining of rent of $ 2,973,000 during the year ended december 31 , 2018. in addition , we accelerated depreciation and amortization of the remaining balance of $ 312,000 of deferred leasing costs during the year ended december 31 , 2018 . on september 18 , 2017 , toys filed for chapter 11 bankruptcy relief . on june 30 , 2018 , toys rejected its 47,000 square foot lease at our rego park ii shopping center ( $ 2,600,000 of annual revenue ) and possession of the space was returned to us . consequently , we accelerated depreciation and amortization of the remaining balances of $ 588,000 of tenant improvements and $ 215,000 of deferred leasing costs during the year ended december 31 , 2018. we also wrote off the toys receivable arising from the straight-lining of rent of $ 500,000 during the year ended december 31 , 2018 . on january 10 , 2019 , kohl 's announced that it plans to close and sublease its 133,000 square foot store at our rego park ii shopping center ; kohl 's remains obligated to us under its lease which expires in january 2031. financing on october 3 , 2018 , we extended our mortgage loan on our paramus property . the $ 68,000,000 interest-only loan has a fixed rate of 4.72 % and matures in october 2021. previously the loan bore interest at a fixed rate of 2.90 % . the tenant pays all of the interest on this mortgage loan as part of its rent . on december 12 , 2018 , we completed a $ 252,544,000 refinancing of our rego park ii shopping center . the interest-only loan is at libor plus 1.35 % ( 3.87 % as of december 31 , 2018 ) and matures in december 2025. the previous loan bore interest at libor plus 1.85 % and was scheduled to mature in january 2019. as of december 31 , 2018 , we hold a $ 195,708,000 participation in the mortgage loan , earning interest at libor plus 1.35 % . the participation in the previous mortgage loan earned interest at libor plus 1.60 % . significant tenant bloomberg accounted for revenue of $ 107,356,000 , $ 105,224,000 and $ 104,590,000 in the years ended december 31 , 2018 , 2017 and 2016 , respectively , representing approximately 46 % of our total revenues in each year . no other tenant accounted for more than 10 % of our total revenues . if we were to lose bloomberg as a tenant , or if bloomberg were to be unable to fulfill its obligations under its lease , it would adversely affect our results of operations and financial condition . in order to assist us in our continuing assessment of bloomberg 's creditworthiness , we receive certain confidential financial information and metrics from bloomberg . in addition , we access and evaluate financial information regarding bloomberg from other private sources , as well as publicly available data . story_separator_special_tag 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 capital expenditures . dividends on january 16 , 2019 , we set our regular quarterly dividend to $ 4.50 per share ( an indicated annual rate of $ 18.00 per share ) . the dividend , when declared by the board of directors for all of 2019 , will require us to pay out approximately $ 92,100,000. financing activities and contractual obligations on june 1 , 2017 , we completed a $ 500,000,000 refinancing of the office portion of 731 lexington avenue . the interest-only loan is at libor plus 0.90 % ( 3.36 % as of december 31 , 2018 ) and matures in june 2020 , with four one-year extension options . in connection therewith , we purchased an interest rate cap with a notional amount of $ 500,000,000 that caps libor at a rate of 6.0 % . the property was previously encumbered by a $ 300,000,000 interest-only mortgage at libor plus 0.95 % which was scheduled to mature in march 2021. on october 3 , 2018 , we extended our mortgage loan on our paramus property . the $ 68,000,000 interest-only loan has a fixed rate of 4.72 % and matures in october 2021. previously the loan bore interest at a fixed rate of 2.90 % . the tenant pays all of the interest on this mortgage loan as part of its rent . 31 liquidity and capital resources - continued on december 12 , 2018 , we completed a $ 252,544,000 refinancing of our rego park ii shopping center . the interest-only loan is at libor plus 1.35 % ( 3.87 % as of december 31 , 2018 ) and matures in december 2025. the previous loan bore interest at libor plus 1.85 % and was scheduled to mature in january 2019. as of december 31 , 2018 , we hold a $ 195,708,000 participation in the mortgage loan , earning interest at libor plus 1.35 % . the participation in the previous mortgage loan earned interest at libor plus 1.60 % . below is a summary of our outstanding debt and maturities as of december 31 , 2018 . we may refinance our maturing debt as it comes due or choose to repay it . balance interest rate maturity ( 1 ) ( amounts in thousands ) paramus $ 68,000 4.72 % oct. 2021 731 lexington avenue , retail space ( 2 ) 350,000 3.78 % aug. 2022 731 lexington avenue , office space ( 3 ) 500,000 3.36 % jun . 2024 rego park ii shopping center ( 4 ) 252,544 3.87 % dec. 2025 total 1,170,544 deferred debt issuance costs , net of accumulated amortization of $ 9,212 ( 9,010 ) total , net $ 1,161,534 ( 1 ) represents the extended maturity where we have the unilateral right to extend . ( 2 ) interest at libor plus 1.40 % . ( 3 ) interest at libor plus 0.90 % . ( 4 ) interest at libor plus 1.35 % . see above for details of our rego park ii loan participation . below is a summary of our contractual obligations and commitments as of december 31 , 2018 . replace_table_token_3_th commitments and contingencies insurance we maintain general liability insurance with limits of $ 300,000,000 per occurrence and per property , and all-risk property and rental value insurance coverage with limits of $ 1.7 billion per occurrence , including coverage for acts of terrorism , with sub-limits for certain perils such as floods and earthquakes on each of our properties . fifty ninth street insurance company , llc ( “ fnsic ” ) , our wholly owned consolidated subsidiary , acts as a direct insurer for coverage for acts of terrorism , including nuclear , biological , chemical and radiological ( “ nbcr ” ) acts , as defined by the terrorism risk insurance program reauthorization act , which expires in december 2020. coverage for acts of terrorism ( including nbcr acts ) is up to $ 1.7 billion per occurrence and in the aggregate . coverage for acts of terrorism ( excluding nbcr acts ) is fully reinsured by third party insurance companies and the federal government with no exposure to fnsic . for nbcr acts , fnsic is responsible for a $ 323,000 deductible and 19 % of the balance of a covered loss , and the federal government is responsible for the remaining 81 % of a covered loss . we are ultimately responsible for any loss incurred by fnsic . 32 liquidity and capital resources - continued we continue to monitor the state of the insurance market and the scope and costs of coverage for acts of terrorism or other events . however , we can not anticipate what coverage will be available on commercially reasonable terms in the future . we are responsible for uninsured losses and for deductibles and losses in excess of our insurance coverage , which could be material . our mortgage loans are non-recourse to us and contain customary covenants requiring us to maintain insurance . although we believe that we have adequate insurance coverage for purposes of these agreements , we may not be able to obtain an equivalent amount of coverage at reasonable costs in the future . further , if lenders insist on greater coverage than we are able to obtain , it could adversely affect our

