Alexander's, Inc. reports third quarter 2026 financial results
New York-based real estate investment trust Alexander's, Inc. reported a significant increase in quarterly net income and funds from operations.
Alexander's, Inc. posted net income of $27.4 million, or $5.33 per diluted share, for the quarter ended September 30, 2026. This compares to $6.0 million, or $1.16 per diluted share, reported during the same period in 2025.
Funds from operations (FFO) reached $36.3 million, or $7.07 per diluted share, for the third quarter, up from $14.9 million in the third quarter of 2025. The company currently manages four properties located in New York City.
For the nine months ended September 30, 2026, net income reached $187.4 million, bolstered by a $148 million gain from the sale of the Rego Park I property. Excluding this divestment, year-to-date FFO was $65.3 million, compared to $50.5 million for the first nine months of 2025.