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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.