Alexander's Inc. (ALX) reported that its fourth-quarter funds from operations attributable to common stockholders or FFO was $24.7 million, or $4.84 per share, down from $29.1 million, or $5.71 per share for the prior year's quarter.
FFO from continuing operations was $19.2 million, or $3.76 per share for the quarter ended December 31, 2012, compared to $20.4 million, or $4.00 per diluted share for the prior year's quarter.
Net income attributable to common stockholders for the quarter was $617.2 million, or $120.82 per share, compared to $20.6 million, or $4.04 per share last year. The quarter ended December 31, 2012 included $599.6 million, or $117.39 per share for the net gain on sale of the Kings Plaza Regional Shopping Center. Net income from continuing operations was $12.0 million, or $2.36 per share, compared to $13.3 million, or $2.61 per share in the year ago quarter.
Revenues for the quarter were $48.49 million up from $46.56 million in the prior year quarter.
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