Alexander's (ALX) Misses Q1 FFO and Revenue Estimates

分组1 - Alexander's reported quarterly funds from operations (FFO) of $4.98 per share, missing the Zacks Consensus Estimate of $6.41 per share, and showing an increase from $3.63 per share a year ago, resulting in an FFO surprise of -22.31% [1] - The company posted revenues of $61.4 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 13.40%, compared to year-ago revenues of $52.94 million [1] - Over the last four quarters, Alexander's has surpassed consensus FFO estimates two times and topped consensus revenue estimates three times [1] 分组2 - The stock has added about 0.1% since the beginning of the year, underperforming the S&P 500's gain of 7.5% [2] - The current consensus FFO estimate for the coming quarter is $2.87 on $54.9 million in revenues, and for the current fiscal year, it is $14.86 on $235.5 million in revenues [4] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 40% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4]