Alexander’s Announces Third Quarter Financial Results

Core Insights - Alexander's, Inc. reported a decrease in net income for Q3 2025, with net income at $6.0 million ($1.16 per diluted share), down from $6.7 million ($1.30 per diluted share) in Q3 2024 [1][8] - Funds from operations (FFO) for Q3 2025 increased to $14.9 million ($2.91 per diluted share), compared to $14.6 million ($2.84 per diluted share) in Q3 2024 [2][9] - For the nine months ended September 30, 2025, net income was $24.4 million ($4.75 per diluted share), a decline from $31.2 million ($6.07 per diluted share) in the same period of 2024 [3][13] - FFO for the nine months ended September 30, 2025, was $50.5 million ($9.84 per diluted share), down from $57.1 million ($11.13 per diluted share) in the prior year [3][14] Financial Performance - Q3 2025 revenues were reported at $53.4 million, a decrease from $55.7 million in Q3 2024 [8] - The weighted average shares outstanding for Q3 2025 were 5,135,956, slightly up from 5,133,534 in Q3 2024 [9] - For the nine months ended September 30, 2025, total revenues were $159.9 million, down from $170.5 million in the same period of 2024 [13] Company Overview - Alexander's, Inc. operates as a real estate investment trust (REIT) with five properties located in New York City [4]