Latest news with #Alexander'sInc
Washington Post
05-05-2025
- Business
- Washington Post
Alexander's: Q1 Earnings Snapshot
PARAMUS, N.J. — PARAMUS, N.J. — Alexander's Inc. (ALX) on Monday reported a key measure of profitability in its first quarter. The Paramus, New Jersey-based real estate investment trust said it had funds from operations of $20.8 million, or $4.06 per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
San Francisco Chronicle
05-05-2025
- Business
- San Francisco Chronicle
Alexander's: Q1 Earnings Snapshot
PARAMUS, N.J. (AP) — PARAMUS, N.J. (AP) — Alexander's Inc. (ALX) on Monday reported a key measure of profitability in its first quarter. The Paramus, New Jersey-based real estate investment trust said it had funds from operations of $20.8 million, or $4.06 per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $12.3 million, or $2.40 per share. The real estate investment trust posted revenue of $54.9 million in the period. The company's shares have increased slightly more than 7% since the beginning of the year. The stock has increased slightly in the last 12 months. _____
