Alexander’s Announces Second Quarter Financial Results
Alexander's Inc. (NYSE:ALX), a real estate investment trust with five properties in New York City, reported its Q2 2025 financial results. The company's net income decreased to $6.1 million ($1.19 per diluted share) from $8.4 million ($1.63 per diluted share) in Q2 2024.
The company's FFO (Funds from Operations) for Q2 2025 was $14.8 million ($2.88 per diluted share), down from $17.0 million ($3.31 per diluted share) in Q2 2024. For the six-month period, revenues declined to $106.5 million from $114.8 million in the previous year, while net income decreased to $18.4 million from $24.5 million.
Alexander's Inc. (NYSE:ALX), un fondo di investimento immobiliare con cinque proprietà a New York City, ha comunicato i risultati finanziari del secondo trimestre 2025. Il utile netto della società è diminuito a 6,1 milioni di dollari (1,19 dollari per azione diluita) rispetto agli 8,4 milioni di dollari (1,63 dollari per azione diluita) del secondo trimestre 2024.
Il FFO (Funds from Operations) della società per il secondo trimestre 2025 è stato di 14,8 milioni di dollari (2,88 dollari per azione diluita), in calo rispetto ai 17,0 milioni di dollari (3,31 dollari per azione diluita) del secondo trimestre 2024. Nel semestre, i ricavi sono scesi a 106,5 milioni di dollari dai 114,8 milioni dell'anno precedente, mentre l'utile netto è diminuito a 18,4 milioni dai 24,5 milioni.
Alexander's Inc. (NYSE:ALX), un fideicomiso de inversión inmobiliaria con cinco propiedades en la ciudad de Nueva York, reportó sus resultados financieros del segundo trimestre de 2025. El ingreso neto de la compañía disminuyó a 6,1 millones de dólares (1,19 dólares por acción diluida) desde 8,4 millones de dólares (1,63 dólares por acción diluida) en el segundo trimestre de 2024.
El FFO (Fondos de Operaciones) de la compañía para el segundo trimestre de 2025 fue de 14,8 millones de dólares (2,88 dólares por acción diluida), por debajo de los 17,0 millones de dólares (3,31 dólares por acción diluida) del segundo trimestre de 2024. Para el período de seis meses, los ingresos disminuyeron a 106,5 millones de dólares desde 114,8 millones del año anterior, mientras que el ingreso neto bajó a 18,4 millones desde 24,5 millones.
Alexander's Inc. (NYSE:ALX), 뉴욕시에 다섯 개의 부동산을 보유한 부동산 투자 신탁이 2025년 2분기 재무 실적을 발표했습니다. 회사의 순이익은 610만 달러 (희석 주당 1.19달러)로 2024년 2분기의 840만 달러 (희석 주당 1.63달러)에서 감소했습니다.
회사의 2025년 2분기 FFO(운영자금)는 1,480만 달러 (희석 주당 2.88달러)로 2024년 2분기의 1,700만 달러 (희석 주당 3.31달러)에서 줄어들었습니다. 6개월 기간 동안 매출은 전년 1억1,480만 달러에서 1억650만 달러로 감소했으며, 순이익은 2,450만 달러에서 1,840만 달러로 줄었습니다.
Alexander's Inc. (NYSE:ALX), un fonds d'investissement immobilier possédant cinq propriétés à New York, a publié ses résultats financiers du deuxième trimestre 2025. Le résultat net de la société a diminué à 6,1 millions de dollars (1,19 dollar par action diluée) contre 8,4 millions de dollars (1,63 dollar par action diluée) au deuxième trimestre 2024.
Le FFO (Funds from Operations) de la société pour le deuxième trimestre 2025 s'est élevé à 14,8 millions de dollars (2,88 dollars par action diluée), en baisse par rapport à 17,0 millions de dollars (3,31 dollars par action diluée) au deuxième trimestre 2024. Sur les six premiers mois, les revenus ont diminué à 106,5 millions de dollars contre 114,8 millions l'année précédente, tandis que le résultat net est passé de 24,5 millions à 18,4 millions.
Alexander's Inc. (NYSE:ALX), ein Immobilieninvestmentfonds mit fünf Immobilien in New York City, veröffentlichte seine Finanzergebnisse für das zweite Quartal 2025. Der Nettoertrag des Unternehmens sank auf 6,1 Millionen US-Dollar (1,19 US-Dollar pro verwässerter Aktie) von 8,4 Millionen US-Dollar (1,63 US-Dollar pro verwässerter Aktie) im zweiten Quartal 2024.
Der FFO (Funds from Operations) des Unternehmens für das zweite Quartal 2025 betrug 14,8 Millionen US-Dollar (2,88 US-Dollar pro verwässerter Aktie), gegenüber 17,0 Millionen US-Dollar (3,31 US-Dollar pro verwässerter Aktie) im zweiten Quartal 2024. Für den Sechsmonatszeitraum sanken die Einnahmen auf 106,5 Millionen US-Dollar von 114,8 Millionen im Vorjahr, während der Nettogewinn auf 18,4 Millionen von 24,5 Millionen zurückging.
- Maintained stable property portfolio with five New York City properties
- Consistent depreciation and amortization costs in Q2 ($8.64M in 2025 vs $8.63M in 2024)
- Maintained steady share count indicating no significant dilution
- Q2 2025 net income declined 27% to $6.1M from $8.4M year-over-year
- Q2 2025 revenues decreased 3.4% to $51.6M from $53.4M year-over-year
- Six-month revenues dropped 7.2% to $106.5M from $114.8M year-over-year
- FFO per diluted share decreased 13% to $2.88 from $3.31 in Q2 2024
Insights
Alexander's Q2 2025 shows concerning declines across all financial metrics compared to 2024, suggesting operational challenges for this NYC-focused REIT.
Alexander's Q2 2025 results reveal notable deterioration in financial performance compared to the same period last year. Net income dropped
Revenue decreased
The six-month figures paint an even more concerning picture, with revenues down
The consistent deterioration across all metrics indicates underlying operational challenges rather than one-time events. With all five properties concentrated in New York City, Alexander's appears to be facing headwinds in the metropolitan commercial real estate market. The lack of geographical diversification makes the REIT particularly vulnerable to localized market weaknesses. While the company maintains profitability, the accelerating rate of decline warrants careful monitoring of tenant occupancy rates and renewal terms in subsequent quarters.
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
Funds from operations (“FFO”) (non-GAAP) for the quarter ended June 30, 2025 was
Six Months Ended June 30, 2025 Financial Results
Net income for the six months ended June 30, 2025 was
FFO (non-GAAP) for the six months ended June 30, 2025 was
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 | $ | 3.31 | ||||
| Weighted average shares used in computing FFO per diluted share | 5,134,599 | 5,131,902 | ||||||
The following table reconciles net income to FFO (non-GAAP):
| QUARTER ENDED JUNE 30, | ||||||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | ||||||
| Net income | $ | 6,120 | $ | 8,380 | ||||
| Depreciation and amortization of real property | 8,642 | 8,629 | ||||||
| FFO (non-GAAP) | $ | 14,762 | $ | 17,009 | ||||
| FFO per diluted share (non-GAAP) | $ | 2.88 | $ | 3.31 | ||||
| Weighted average shares used in computing FFO per diluted share | 5,134,599 | 5,131,902 | ||||||
ALEXANDER'S, INC.
FINANCIAL RESULTS FOR THE SIX MONTHS ENDED
JUNE 30, 2025 AND 2024
Below is a table of selected financial results.
| SIX MONTHS ENDED JUNE 30, | ||||||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | ||||||
| Revenues | $ | 106,504 | $ | 114,789 | ||||
| Net income | $ | 18,432 | $ | 24,489 | ||||
| Net income per common share - basic and diluted | $ | 3.59 | $ | 4.77 | ||||
| Weighted average shares outstanding - basic and diluted | 5,134,069 | 5,131,290 | ||||||
| FFO (non-GAAP) | $ | 35,604 | $ | 42,541 | ||||
| FFO per diluted share (non-GAAP) | $ | 6.93 | $ | 8.29 | ||||
| Weighted average shares used in computing FFO per diluted share | 5,134,069 | 5,131,290 | ||||||
The following table reconciles net income to FFO (non-GAAP):
| SIX MONTHS ENDED JUNE 30, | ||||||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | ||||||
| Net income | $ | 18,432 | $ | 24,489 | ||||
| Depreciation and amortization of real property | 17,172 | 18,052 | ||||||
| FFO (non-GAAP) | $ | 35,604 | $ | 42,541 | ||||
| FFO per diluted share (non-GAAP) | $ | 6.93 | $ | 8.29 | ||||
| Weighted average shares used in computing FFO per diluted share | 5,134,069 | 5,131,290 | ||||||
FFO is computed in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”). NAREIT defines FFO as GAAP net income or loss adjusted to exclude net gains from sales of certain real estate assets, real estate impairment losses, depreciation and amortization expense from real estate assets and other specified items, including the pro rata share of such adjustments of unconsolidated subsidiaries. FFO and FFO per diluted share are non-GAAP financial measures used by management, investors and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers because it excludes the effect of real estate depreciation and amortization and net gains on sales, which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time, rather than fluctuating based on existing market conditions. FFO does not represent cash generated from operating activities and is not necessarily indicative of cash available to fund cash requirements and should not be considered as an alternative to net income as a performance measure or cash flow as a liquidity measure. FFO may not be comparable to similarly titled measures employed by other companies. A reconciliation of net income to FFO is provided above.
FAQ
What were Alexander's (ALX) Q2 2025 earnings per share?
How much revenue did Alexander's (ALX) generate in Q2 2025?
What was Alexander's (ALX) FFO per share in Q2 2025?
How many properties does Alexander's (ALX) own?
What was Alexander's (ALX) net income for the first half of 2025?
