New York REIT Alexander's Q3 FFO rises to $2.91

Alexanders

03/11/2025 14:28

Overview

Alexander's Q3 revenue beats analyst expectations, reaching $53.4 mln

Net income for Q3 was $6.0 mln, surpassing analyst estimates

FFO per diluted share rose to $2.91 from $2.84 yr/yr

Result Drivers

REVENUE DECLINE - Co beat analyst expectations despite a decrease in revenue compared to last year

NET INCOME DECLINE - Net income for the quarter was $6.0 million, compared to $6.7 million for the quarter ended September 30, 2024

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$53.42 mln
$51.60 mln (1 Analyst)
Q3 EPS
$1.16
Q3 Net Income
Beat
$5.96 mln
$4.30 mln (1 Analyst)
Q3 Adjusted FFO
$14.92 mln
Q3 Adjusted FFO Per Share
$2.91


Analyst Coverage

The one available analyst rating on the shares is "sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Alexander's Inc is $155.00, about 42.5% below its October 31 closing price of $220.93

Press Release: ID:nGNX2dGDVM

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)