Alexander's Inc. (ALX) reported that its first-quarter net income from continuing operations increased to $14.2 million or $2.77 per share from $13.0 million or $2.55 per share prior year. Net income attributable to stockholders decreased to $14.2 million or $2.77 per share, from $19.5 million or $3.81 per share last year.
Funds from operations attributable to stockholders decreased to $21.3 million or $4.18 per share, from $28.0 million or $5.49 per share prior year. Adjusted FFO rose to $21.3 million or $4.18 per share, from $20.1 million or $3.95 per share, prior year.
Revenues increased to $48.78 million from $47.30 million last year.
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