Quarterly ResultMay 4, 2026, 09:03 AM
Alexander's Inc. Q1 Net Income $4.7M; FFO $13.4M
AI Summary
Alexander's Inc. reported a significant decline in its financial performance for the first quarter ended March 31, 2026. Net income fell to $4.7 million, or $0.91 per diluted share, from $12.3 million, or $2.40 per diluted share, in the prior year. Funds from operations (FFO) also decreased to $13.4 million, or $2.60 per diluted share, compared to $20.8 million, or $4.06 per diluted share, in the same period last year.
Key Highlights
- Net income for Q1 2026 was $4.7 million, down from $12.3 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.91, compared to $2.40 in Q1 2025.
- Funds from operations (FFO) for Q1 2026 was $13.4 million, a decrease from $20.8 million in Q1 2025.
- FFO per diluted share for Q1 2026 was $2.60, down from $4.06 in Q1 2025.
- Revenues for Q1 2026 were $53.4 million, compared to $54.9 million in Q1 2025.
- Weighted average shares outstanding remained stable at approximately 5.13 million.