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Mar 31, 2025
Alexander's Q1 2025 Earnings Report
Alexander's reported a decrease in net income and FFO for the first quarter of 2025 compared to the same period in 2024.
Key Takeaways
Alexander's, a real estate investment trust with properties in New York City, experienced a decline in financial performance during the first quarter of 2025. Revenues, net income, and Funds from Operations (FFO) were all lower than in the first quarter of 2024.
Net income for Q1 2025 was $12.3 million, down from $16.1 million in Q1 2024.
Diluted EPS for Q1 2025 was $2.40, compared to $3.14 in Q1 2024.
Funds from Operations (FFO) for Q1 2025 was $20.8 million, a decrease from $25.5 million in Q1 2024.
FFO per diluted share was $4.06 in Q1 2025, versus $4.98 in Q1 2024.
Forward Guidance
The report includes cautionary language regarding forward-looking statements and potential risks.
Challenges Ahead
- Risks associated with the timing and costs of property improvements.
- Risks related to financing commitments.
- Risks concerning the financial condition of tenants.
- General competitive factors.
- Potential material differences in actual results due to known and unknown risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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