PARAMUS, N.J., Aug. 04, 2025 (GLOBE NEWSWIRE) — ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2025 today and reported:
Second Quarter 2025 Financial Results
Net income for the quarter ended June 30, 2025 was $6.1 million, or $1.19 per diluted share, compared to $8.4 million, or $1.63 per diluted share for the quarter ended June 30, 2024.
Funds from operations (“FFO”) (non-GAAP) for the quarter ended June 30, 2025 was $14.8 million, or $2.88 per diluted share, compared to $17.0 million, or $3.31 per diluted share for the quarter ended June 30, 2024.
Six Months Ended June 30, 2025 Financial Results
Net income for the six months ended June 30, 2025 was $18.4 million, or $3.59 per diluted share, compared to $24.5 million, or $4.77 per diluted share for the six months ended June 30, 2024.
FFO (non-GAAP) for the six months ended June 30, 2025 was $35.6 million, or $6.93 per diluted share, compared to $42.5 million, or $8.29 per diluted share for the six months ended June 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.
ALEXANDER’S, INC.
FINANCIAL RESULTS FOR THE QUARTERS ENDED
JUNE 30, 2025 AND 2024
Below is a table of selected financial results.
| QUARTER ENDED JUNE 30, | ||||||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | ||||||
| Revenues | $ | 51,589 | $ | 53,392 | ||||
| Net income | $ | 6,120 | $ | 8,380 | ||||
| Net income per common share – basic and diluted | $ | 1.19 | $ | 1.63 | ||||
| Weighted average shares outstanding – basic and diluted | 5,134,599 | 5,131,902 | ||||||
| FFO (non-GAAP) | $ | 14,762 | $ | 17,009 | ||||
| FFO per diluted share (non-GAAP) | $ | 2.88 | ||||||