Alexander's, Inc. reported a decrease in net income and revenue for the third quarter of 2025 compared to the same period last year, while Funds From Operations (FFO) saw a slight increase. Net income was $6.0 million, down from $6.7 million, and revenue was $53.4 million, a decrease from $55.7 million. FFO, a key non-GAAP measure for REITs, increased to $14.9 million from $14.6 million.
Net income for Q3 2025 was $5.968 million, a decrease from $6.678 million in Q3 2024.
Revenue for the quarter ended September 30, 2025, was $53.424 million, down from $55.675 million in the prior year.
Funds from operations (FFO) increased to $14.920 million in Q3 2025 from $14.582 million in Q3 2024.
Diluted earnings per share (EPS) decreased to $1.16, while FFO per diluted share increased to $2.91.
The report did not provide specific forward-looking financial guidance. It only included a general cautionary statement regarding forward-looking statements and risks.
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