Alexander’s-Alexander's (ALX) Q1 FFO Beat Estimates

Core Viewpoint - Alexander's reported quarterly funds from operations (FFO) of $4.06 per share, exceeding the Zacks Consensus Estimate of$ 3.57 per share, but down from $4.98 per share a year ago, indicating a 13.73% FFO surprise [1][2] Financial Performance - The company posted revenues of$ 54.92 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.94%, and down from $61.4 million year-over-year [2] - Over the last four quarters, Alexander's has surpassed consensus FFO estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Alexander's shares have increased approximately 7.4% since the beginning of the year, contrasting with the S&P 500's decline of -3.3% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call and future FFO expectations [3][4] Future Outlook - The current consensus FFO estimate for the upcoming quarter is$ 2.80 on $56 million in revenues, and for the current fiscal year, it is$ 11.50 on $223.8 million in revenues [7] - The estimate revisions trend for Alexander's is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The REIT and Equity Trust - Other industry is currently in the bottom 37% of over 250 Zacks industries, indicating potential challenges for stock performance [8]