Real estate company, Alexander's, Inc. (ALX), Monday announced an increase in adjusted Funds from Operations or FFO for the fourth quarter.
On an adjusted basis, FFO rose to $25.6 million or $4.99 per share from $20.6 million or $4.03 per share last year.
Earnings increased to $16.3 million or $3.17 per share from $13.2 million or $2.57 per share prior year.
Revenue stood at $62.9 million versus $53.04 million from the year-ago quarter.
Currently, Alexander's stock is climbing 3.50 percent, to $230 over the previous close of $222.22 on a volume of 3,042 on the New York Stock Exchange.
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