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/Mis Actual Consensu

s s

Estimate

Q3 Beat $53.42 $51.60

Revenue mln mln (1

Analyst)

Q3 EPS $1.16

Q3 Net Beat $5.96 $4.30

Income mln mln (1

Analyst)

Q3 $14.92

Adjusted mln

FFO

Q3 $2.91

Adjusted

FFO Per

Share

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:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)