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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