Real estate investment trust Alexander's, Inc. (ALX), Monday, reported a sharp decline in fourth-quarter funds from operations or FFO attributable to common stock holders, despite an increase in revenue.
The Paramus, New Jersey-based company's FFO attributable to common stockholders for the quarter fell to $22.37 million or $4.38 per share from $61.16 million or $11.98 per share in the year-ago quarter.
Net income attributable to common stockholders for the quarter dropped to $15.15 million or $2.96 per share from $54.13 million or $10.60 per share in the same quarter last year.
Revenues for the quarter were $ 57.15 million compared with $ 54.90 million in the same quarter the previous year.
For the full year, FFO attributable to common share holders rose to $158.96 million or $31.14 per share from $99.92 million or $19.60 per share in the previous year.
Net income attributable for the 12 month period increased to $132.19 million or $25.89 per share from $76.29 million or $14.96 per share last year.
Full year net income and FFO include an income of $42.5 million or $8.32 per share from the reversal of a portion of liability for income taxes and an expense of $34.3 million or $6.71 per share for the reversal of a portion of previously recognized stock appreciation rights.
The company recorded revenues of $ 223.53 million for the period, compared with $ 211.10 million in the year-ago quarter.
ALX shares are currently trading at $297.64, up $0.64 on a volume of 704 shares on the NYSE.
For comments and feedback contact: editorial@rttnews.com
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.