Alexander's Announces Fourth Quarter Financial Results

Financial Performance Overview - Alexander's, Inc. reported a net income of $12.3 million, or $2.39 per diluted share for Q4 2024, a decrease from $16.3 million, or $3.17 per diluted share in Q4 2023 [1][8] - Funds from operations (FFO) for Q4 2024 was $20.8 million, or $4.06 per diluted share, down from $25.6 million, or $4.99 per diluted share in Q4 2023 [2][8] Year-End Financial Results - For the year ended December 31, 2024, net income was $43.4 million, or $8.46 per diluted share, significantly lower than $102.4 million, or $19.97 per diluted share for 2023, which included a $54.0 million gain from the sale of a land parcel [3][11] - FFO for the year ended December 31, 2024 was $78.0 million, or $15.19 per diluted share, compared to $81.1 million, or $15.80 per diluted share for 2023 [4][12] Revenue Analysis - Total revenues for the year ended December 31, 2024 were $226.4 million, slightly up from $225.0 million in 2023 [11]