Alexander's, Inc. reports a decline in net income for Q3 2025, with FFO slightly increasing year-over-year.
Quiver AI Summary
Alexander's, Inc. has released its financial results for the third quarter and the first nine months of 2025. For the third quarter, the company reported a net income of $6.0 million ($1.16 per diluted share), a decrease from $6.7 million ($1.30 per diluted share) in the same quarter of 2024. Funds from operations (FFO), considered a key performance metric among real estate investment trusts, increased to $14.9 million ($2.91 per diluted share) from $14.6 million ($2.84 per diluted share) year-over-year. For the nine-month period ending September 30, net income dropped to $24.4 million ($4.75 per diluted share) from $31.2 million ($6.07 per diluted share) in 2024, while FFO also declined to $50.5 million ($9.84 per diluted share) from $57.1 million ($11.13 per diluted share) the previous year. Alexander's, Inc. operates five properties in New York City.
Potential Positives
- Funds from operations (FFO) for the third quarter of 2025 increased to $14.9 million, or $2.91 per diluted share, compared to $14.6 million, or $2.84 per diluted share in the same quarter of 2024, indicating improved operational performance.
- Despite a decline in net income, the company maintained a strong FFO performance, which is a key metric for real estate investment trusts, showcasing stability in underlying operational efficiency.
- The press release provides transparent financial data, allowing investors to analyze the company's performance over comparable periods effectively.
- The posting of financial results demonstrates the company's commitment to timely and regular communication with shareholders, which can help build investor confidence.
Potential Negatives
- Net income decreased both for the third quarter and the nine months ended September 30, 2025, indicating a decline in profitability year-over-year.
- Revenues for both the third quarter and the nine months ended September 30, 2025, showed a significant decline compared to the same periods in 2024, suggesting potential challenges in the company's operations or market conditions.
- Net income per diluted share also saw a decrease from $1.30 to $1.16 for the third quarter and from $6.07 to $4.75 for the nine months, which could raise concerns among investors regarding the company's financial health.
FAQ
What are the Q3 2025 net income results for Alexander's, Inc.?
The net income for Q3 2025 was $6.0 million, or $1.16 per diluted share.
How did Q3 2025 FFO compare to Q3 2024?
The FFO for Q3 2025 was $14.9 million, up from $14.6 million in Q3 2024.
What were the total revenues for Alexander's, Inc. in Q3 2025?
Total revenues for Q3 2025 amounted to $53.4 million.
How did the nine-month financial results for 2025 compare to 2024?
Net income for nine months ended September 30, 2025 was $24.4 million, down from $31.2 million in 2024.
What is the definition of FFO used by Alexander's, Inc.?
FFO is defined as GAAP net income adjusted for depreciation, amortization, and certain gains or losses on real estate.
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 66 institutional investors add shares of $ALX stock to their portfolio, and 65 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NUVEEN, LLC removed 291,262 shares (-98.1%) from their portfolio in Q2 2025, for an estimated $65,627,153
- GOLDMAN SACHS GROUP INC removed 69,438 shares (-19.6%) from their portfolio in Q2 2025, for an estimated $15,645,770
- H/2 CREDIT MANAGER LP removed 64,322 shares (-98.5%) from their portfolio in Q2 2025, for an estimated $14,493,033
- SOUTHEASTERN ASSET MANAGEMENT INC/TN/ added 63,503 shares (+inf%) to their portfolio in Q2 2025, for an estimated $14,308,495
- JANUS HENDERSON GROUP PLC added 21,941 shares (+2187.5%) to their portfolio in Q2 2025, for an estimated $4,943,746
- BULLDOG INVESTORS, LLP added 21,041 shares (+inf%) to their portfolio in Q2 2025, for an estimated $4,740,958
- LASRY MARC removed 18,125 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $4,083,925
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
PARAMUS, N.J., Nov. 03, 2025 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended September 30, 2025 today and reported:
Third Quarter 2025 Financial Results
Net income for the quarter ended September 30, 2025 was $6.0 million, or $1.16 per diluted share, compared to $6.7 million, or $1.30 per diluted share for the quarter ended September 30, 2024.
Funds from operations (“FFO”) (non-GAAP) for the quarter ended September 30, 2025 was $14.9 million, or $2.91 per diluted share, compared to $14.6 million, or $2.84 per diluted share for the quarter ended September 30, 2024.
Nine Months Ended September 30, 2025 Financial Results
Net income for the nine months ended September 30, 2025 was $24.4 million, or $4.75 per diluted share, compared to $31.2 million, or $6.07 per diluted share for the nine months ended September 30, 2024.
FFO (non-GAAP) for the nine months ended September 30, 2025 was $50.5 million, or $9.84 per diluted share, compared to $57.1 million, or $11.13 per diluted share for the nine months ended September 30, 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, 2024. 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 SEPTEMBER 30, 2025 AND 2024 |
Below is a table of selected financial results.
| QUARTER ENDED SEPTEMBER 30, | |||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | |||
| Revenues | $ | 53,424 | $ | 55,675 | |
| Net income | $ | 5,968 | $ | 6,678 | |
| Net income per common share - basic and diluted | $ | 1.16 | $ | 1.30 | |
| Weighted average shares outstanding - basic and diluted | 5,135,956 | 5,133,534 | |||
| FFO (non-GAAP) | $ | 14,920 | $ | 14,582 | |
| FFO per diluted share (non-GAAP) | $ | 2.91 | $ | 2.84 | |
| 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 SEPTEMBER 30, | |||||
| (Amounts in thousands, except share and per share amounts) |
2025
|
2024
|
|||
| Net income | $ | 5,968 | $ | 6,678 | |
| Depreciation and amortization of real property | 8,952 | 7,904 | |||
| FFO (non-GAAP) | $ | 14,920 | $ | 14,582 | |
| FFO per diluted share (non-GAAP) | $ | 2.91 | $ | 2.84 | |
| Weighted average shares used in computing FFO per diluted share | 5,135,956 | 5,133,534 | |||
|
ALEXANDER'S, INC.
FINANCIAL RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024 |
|||||
Below is a table of selected financial results.
| NINE MONTHS ENDED SEPTEMBER 30, | |||||
| (Amounts in thousands, except share and per share amounts) |
2025
|
2024
|
|||
| Revenues | $ | 159,928 | $ | 170,464 | |
| Net income | $ | 24,400 | $ | 31,167 | |
| Net income per common share - basic and diluted | $ | 4.75 | $ | 6.07 | |
| Weighted average shares outstanding - basic and diluted | 5,134,705 | 5,132,043 | |||
| FFO (non-GAAP) | $ | 50,524 | $ | 57,123 | |
| FFO per diluted share (non-GAAP) | $ | 9.84 | $ | 11.13 | |
| Weighted average shares used in computing FFO per diluted share | 5,134,705 | 5,132,043 | |||
The following table reconciles net income to FFO (non-GAAP):
| NINE MONTHS ENDED SEPTEMBER 30, | |||||
| (Amounts in thousands, except share and per share amounts) |
2025
|
2024
|
|||
| Net income | $ | 24,400 | $ | 31,167 | |
| Depreciation and amortization of real property | 26,124 | 25,956 | |||
| FFO (non-GAAP) | $ | 50,524 | $ | 57,123 | |
| FFO per diluted share (non-GAAP) | $ | 9.84 | $ | 11.13 | |
| Weighted average shares used in computing FFO per diluted share | 5,134,705 | 5,132,043 | |||
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 non-GAAP financial measures 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.
