Alexander's, Inc. reports decreased net income and funds from operations for Q4 and the year ended December 31, 2025.
Quiver AI Summary
Alexander's, Inc. announced its financial results for the fourth quarter and year ended December 31, 2025, showing a significant decline in both net income and funds from operations (FFO) compared to the previous year. For Q4 2025, net income was $3.8 million, or $0.74 per diluted share, down from $12.3 million, or $2.39 per diluted share in Q4 2024. Annual net income for 2025 totaled $28.2 million, or $5.50 per diluted share, compared to $43.4 million, or $8.46 per diluted share in 2024. FFO for Q4 2025 was $12.5 million, or $2.43 per diluted share, and for the year was $63.0 million, or $12.27 per diluted share, both reflecting decreases from the prior year. The company operates as a real estate investment trust (REIT) with five properties in New York City.
Potential Positives
- Alexander's, Inc. maintains a strong presence as a real estate investment trust with five properties in New York City.
- The company continues to provide transparency in reporting its financial results, including both GAAP net income and funds from operations (FFO), which is important for investors in evaluating the company's performance.
- The press release highlights the computation of FFO, aligning with NAREIT definitions, indicating the company's adherence to recognized industry standards.
- The disclosure of financial results, even amidst a decline, reflects the company's commitment to shareholder communication and regulatory compliance.
Potential Negatives
- Significant decline in net income for both the fourth quarter and the full year, with fourth quarter net income dropping from $12.3 million to $3.8 million and annual net income decreasing from $43.4 million to $28.2 million.
- Funds from operations (FFO) also saw a substantial decrease, with fourth quarter FFO dropping from $20.8 million to $12.5 million and annual FFO down from $78.0 million to $63.0 million.
- The company may face challenges related to timing and costs associated with property improvements and the financial condition of tenants, as indicated in the risk factors section of the release.
FAQ
What were Alexander's, Inc. net income results for Q4 2025?
Alexander's, Inc. reported a net income of $3.8 million, or $0.74 per diluted share for Q4 2025.
How did FFO compare year-over-year for Alexander's, Inc.?
FFO for 2025 was $63 million, down from $78 million in 2024, showcasing a decline in financial performance.
What is the significance of FFO in financial reporting?
FFO is a key measure for real estate investment trusts to compare operating performance by excluding depreciation and gains.
What trends were observed in Alexander's, Inc. annual revenue?
Annual revenue for 2025 decreased to $213.2 million from $226.4 million in 2024, highlighting a shift in financial results.
What risks are associated with Alexander's, Inc.'s forward-looking statements?
Risks include property improvement costs, tenant financial conditions, and general market competitiveness affecting future performance.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ALX Hedge Fund Activity
We have seen 75 institutional investors add shares of $ALX stock to their portfolio, and 59 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- M&T BANK CORP added 277,014 shares (+inf%) to their portfolio in Q4 2025, for an estimated $60,372,431
- VANGUARD GROUP INC removed 107,210 shares (-34.9%) from their portfolio in Q4 2025, for an estimated $23,365,347
- SOUTHEASTERN ASSET MANAGEMENT INC/TN/ added 59,209 shares (+93.2%) to their portfolio in Q3 2025, for an estimated $13,883,918
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 29,450 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $6,905,730
- ZACKS INVESTMENT MANAGEMENT removed 19,011 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $4,457,889
- BESSEMER GROUP INC added 14,349 shares (+inf%) to their portfolio in Q4 2025, for an estimated $3,127,221
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 13,664 shares (+78.1%) to their portfolio in Q3 2025, for an estimated $3,204,071
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
PARAMUS, N.J., Feb. 09, 2026 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-K for the year ended December 31, 2025 today and reported:
Fourth Quarter 2025 Financial Results
Net income for the quarter ended December 31, 2025 was $3.8 million, or $0.74 per diluted share, compared to $12.3 million, or $2.39 per diluted share for the quarter ended December 31, 2024.
Funds from operations (“FFO”) (non-GAAP) for the quarter ended December 31, 2025 was $12.5 million, or $2.43 per diluted share, compared to $20.8 million, or $4.06 per diluted share for the quarter ended December 31, 2024.
Year Ended December 31, 2025 Financial Results
Net income for the year ended December 31, 2025 was $28.2 million, or $5.50 per diluted share, compared to $43.4 million, or $8.46 per diluted share for the year ended December 31, 2024.
FFO (non-GAAP) for the year ended December 31, 2025 was $63.0 million, or $12.27 per diluted share, compared to $78.0 million, or $15.19 per diluted share for the year ended December 31, 2024.
Alexander’s, Inc. is a real estate investment trust which has five properties in New York City.
CONTACT:
GARY HANSEN
(201) 587- 8541
Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see "Risk Factors" in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2025. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments, the financial condition of our tenants, and general competitive factors.
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(tables to follow)
ALEXANDER'S, INC. FINANCIAL RESULTS FOR THE QUARTERS ENDED DECEMBER 31, 2025 AND 2024 |
Below is a table of selected financial results.
| QUARTER ENDED DECEMBER 31, | |||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | |||
| Revenues | $ | 53,255 | $ | 55,910 | |
| Net income | $ | 3,824 | $ | 12,277 | |
| Net income per common share - basic and diluted | $ | 0.74 | $ | 2.39 | |
| Weighted average shares outstanding - basic and diluted | 5,135,956 | 5,133,534 | |||
| FFO (non-GAAP) | $ | 12,471 | $ | 20,845 | |
| FFO per diluted share (non-GAAP) | $ | 2.43 | $ | 4.06 | |
| Weighted average shares used in computing FFO per diluted share | 5,135,956 | 5,133,534 | |||
The following table reconciles net income to FFO (non-GAAP):
| QUARTER ENDED DECEMBER 31, | |||||
| (Amount in thousands, except share and per share amounts) | 2025 | 2024 | |||
| Net income | $ | 3,824 | $ | 12,277 | |
| Depreciation and amortization of real property | 8,647 | 8,568 | |||
| FFO (non-GAAP) | $ | 12,471 | $ | 20,845 | |
| FFO per diluted share (non-GAAP) | $ | 2.43 | $ | 4.06 | |
| Weighted average shares used in computing FFO per diluted share | 5,135,956 | 5,133,534 | |||
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ALEXANDER'S, INC.
FINANCIAL RESULTS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 |
|||||
Below is a table of selected financial results.
| YEAR ENDED DECEMBER 31, | |||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | |||
| Revenues | $ | 213,183 | $ | 226,374 | |
| Net income | $ | 28,224 | $ | 43,444 | |
| Net income per common share - basic and diluted | $ | 5.50 | $ | 8.46 | |
| Weighted average shares outstanding - basic and diluted | 5,135,020 | 5,132,418 | |||
| FFO (non-GAAP) | $ | 62,995 | $ | 77,968 | |
| FFO per diluted share (non-GAAP) | $ | 12.27 | $ | 15.19 | |
| Weighted average shares used in computing FFO per diluted share | 5,135,020 | 5,132,418 | |||
The following table reconciles net income to FFO (non-GAAP):
| YEAR ENDED DECEMBER 31, | |||||
| (Amount in thousands, except share and per share amounts) | 2025 | 2024 | |||
| Net income | $ | 28,224 | $ | 43,444 | |
| Depreciation and amortization of real property | 34,771 | 34,524 | |||
| FFO (non-GAAP) | $ | 62,995 | $ | 77,968 | |
| FFO per diluted share (non-GAAP) | $ | 12.27 | $ | 15.19 | |
| Weighted average shares used in computing FFO per diluted share | 5,135,020 | 5,132,418 | |||
FFO is computed in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”). NAREIT defines FFO as GAAP net income or loss adjusted to exclude net gains from sales of certain real estate assets, real estate impairment losses, depreciation and amortization expense from real estate assets and other specified items, including the pro rata share of such adjustments of unconsolidated subsidiaries. FFO and FFO per diluted share are used by management, investors and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers because it excludes the effect of real estate depreciation and amortization and net gains on sales, which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time, rather than fluctuating based on existing market conditions. FFO does not represent cash generated from operating activities and is not necessarily indicative of cash available to fund cash requirements and should not be considered as an alternative to net income as a performance measure or cash flow as a liquidity measure. FFO may not be comparable to similarly titled measures employed by other companies. A reconciliation of net income to FFO is provided above.
