Alexander's Q3 FFO reaches $36.3m as revenue hits $72.1m
Key points
- Alexander's reported third-quarter funds from operations of $36.3 million, or $7.07 per share.
- Net income reached $27.4 million, or $5.33 per share, while revenue totalled $72.1 million.
- Alexander's shares have gained 15% since the beginning of 2026 and 14% over the past 12 months.
Alexander's (NYSE:ALX) reported third-quarter 2026 funds from operations of $36.3 million, or $7.07 per share, while revenue reached $72.1 million.
Funds from operations, a commonly used REIT performance measure that adjusts net income for items including property depreciation and amortization, provided an additional measure of the company's quarterly performance.
The company reported net income of $27.4 million, equivalent to $5.33 per share, during the third quarter.
Alexander's reported revenue of $72.1 million, alongside FFO of $36.3 million, or $7.07 per share, for the period.
The company's shares have gained 15% since the beginning of 2026 and increased 14% over the past 12 months.
Based in Paramus, New Jersey, Alexander's operates as a real estate investment trust with commercial property interests, including retail and office real estate.
The company uses property ownership and leasing activities to generate rental income, while funds from operations provides investors with an additional measure of its real estate operating performance.
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