Alexander's (ALX) Lags Q2 FFO and Revenue Estimates

Company Performance - Alexander's reported quarterly funds from operations (FFO) of $2.88 per share, missing the Zacks Consensus Estimate of $3.08 per share, and down from $3.31 per share a year ago, representing an FFO surprise of -6.49% [1] - The company posted revenues of $51.59 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 0.6%, compared to year-ago revenues of $53.39 million [2] - Over the last four quarters, Alexander's has surpassed consensus FFO estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Alexander's shares have increased approximately 22.6% since the beginning of the year, outperforming the S&P 500's gain of 6.1% [3] - The current consensus FFO estimate for the coming quarter is $2.76 on revenues of $51.9 million, and for the current fiscal year, it is $12.68 on revenues of $210.6 million [7] Industry Outlook - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 38% of over 250 Zacks industries, indicating a favorable outlook as the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]