Ālexander's Inc jumps as Q2 profit beats on real estate sale
01/08/2022 18:04
** Shares of real estate investment trust (REIT) Alexander's
Inc ALX.N up 2.2% at $248.97
** Co reports Q2 net income of $14.8 mln, above Refinitiv
IBES estimate of $14 mln urn:newsml:reuters.com:*:nGNXPhYny
** Beat was driven by robust gains on the sale of real
estate as inflation drives up prices of homes - co
** Stock down 6.5% YTD, as of last close
(Reporting by Niket Nishant in Bengaluru)
((Niket.Nishant@thomsonreuters.com;))