Alexander's Inc. (ALX) reported that its third-quarter net income attributable to common stockholders was $58.0 million, or $11.37 per share, compared to a net loss of $31.4 million, or $6.20 per share in the year ago quarter. Funds from operations attributable to common stockholders for the quarter was $65.2 million or $12.77 per share, compared to a negative $25.9 million or $5.10 per share in the same quarter last year.
Net income attributable to common stockholders and FFO for the latest quarter results include $42.5 million, or $8.32 per diluted share, of income from the reversal of a portion of the liability for income taxes. Net loss and negative FFO for the prior year quarter include $44.7 million, or $8.81 per share, for an accrual of stock appreciation rights compensation expense.
Revenues for the quarter were $58.41 million, up from $52.95 million in the comparable quarter last year.
For the nine-month period, Net income attributable to common stockholders was $117.1 million, or $22.94 per share, compared to $22.2 million or $4.35 per share in the year ago period. FFO for the nine-month period was $136.6 million, or $26.76 per share, compared to $38.8 million or $7.61 per share in the same period last year. Revenues for the period increased to $166.38 million, from $156.20 million last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.