09:26 AM EDT, 05/06/2024 (MT Newswires) -- Alexander's (ALX) reported Q1 funds from operations Monday of $4.98 per diluted share, up from $3.63 a year earlier.

A sole analyst surveyed by Capital IQ expected $6.41.

Revenue for the quarter ended March 31 was $61.4 million, up from $52.9 million a year earlier.

No comparable analyst estimate was available.

Separately, Alexander's said financial data giant Bloomberg has extended its current lease, which expires in 2029, of 731 Lexington Avenue from 2029 through 2040. Bloomberg accounted for 49% of Alexander's Q2 revenue, the real estate investment trust said.

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