Alexander’s Announces Third Quarter Financial Results
Alexander’s (NYSE: ALX) reported results for the quarter and nine months ended September 30, 2025. Q3 2025 net income was $6.0 million, or $1.16 per diluted share, versus $6.7 million, or $1.30 per diluted share in Q3 2024. Q3 FFO was $14.9 million, or $2.91 per diluted share, versus $14.6 million, or $2.84 per diluted share a year earlier.
For the nine months, net income was $24.4 million, or $4.75 per diluted share, down from $31.2 million, or $6.07, and FFO was $50.5 million, or $9.84 per diluted share, down from $57.1 million, or $11.13. The company is a REIT owning five New York City properties.
Alexander’s (NYSE: ALX) ha riportato i risultati per il trimestre e i nove mesi chiusi al 30 settembre 2025. l'utile netto del Q3 2025 è stato di 6,0 milioni di dollari, ovvero 1,16 dollari per azione diluita, rispetto a 6,7 milioni di dollari, ovvero 1,30 per azione diluita nel Q3 2024. FFO del Q3 è stato di 14,9 milioni di dollari, ovvero 2,91 dollari per azione diluita, rispetto a 14,6 milioni, ovvero 2,84 per azione diluita un anno prima.
Per i nove mesi, l'utile netto è stato di 24,4 milioni di dollari, cioè 4,75 dollari per azione diluita, in calo rispetto a 31,2 milioni, ovvero 6,07, e l'FFO è stato di 50,5 milioni di dollari, cioè 9,84 per azione diluita, in calo rispetto a 57,1 milioni, ovvero 11,13. L'azienda è un REIT che possiede cinque proprietà a New York City.
Alexander’s (NYSE: ALX) informó los resultados para el trimestre y los nueve meses terminados el 30 de septiembre de 2025. el ingreso neto del Q3 2025 fue de 6,0 millones de dólares, o 1,16 dólares por acción diluida, frente a 6,7 millones de dólares, o 1,30 por acción diluida en el Q3 2024. FFO del Q3 fue de 14,9 millones de dólares, o 2,91 dólares por acción diluida, frente a 14,6 millones, o 2,84 por acción diluida un año antes.
Para los nueve meses, el ingreso neto fue de 24,4 millones de dólares, o 4,75 dólares por acción diluida, a la baja frente a 31,2 millones, o 6,07, y el FFO fue de 50,5 millones de dólares, o 9,84 por acción diluida, a la baja frente a 57,1 millones, o 11,13. La compañía es un REIT que posee cinco propiedades en la ciudad de Nueva York.
Alexander’s (NYSE: ALX) 는 2025년 9월 30일로 마감된 분기 및 9개월 실적을 발표했습니다. 제3분기 2025년 순이익은 600만 달러, 희석주당 1.16달러였으며, 2024년 제3분기의 670만 달러, 희석주당 1.30달러와 비교됩니다. 제3분기 FFO는 1490만 달러, 희석주당 2.91달러였으며, 1년 전의 1460만 달러, 희석주당 2.84달러와 비교됩니다.
9개월 동안 순이익은 2440만 달러, 희석주당 4.75달러로, 3120만 달러, 희석주당 6.07에서 감소했고, FFO는 5050만 달러, 희석주당 9.84달러로, 5710만 달러, 희석주당 11.13에서 감소했습니다. 이 회사는 뉴욕시의 다섯 개 자산을 보유한 REIT입니다.
Alexander’s (NYSE: ALX) a publié les résultats pour le trimestre et les neufs mois se terminant le 30 septembre 2025. le résultat net du T3 2025 s’est élevé à 6,0 millions de dollars, soit 1,16 dollar par action diluée, contre 6,7 millions de dollars, soit 1,30 dollar par action diluée au T3 2024. le FFO du T3 était de 14,9 millions de dollars, soit 2,91 dollars par action diluée, contre 14,6 millions, soit 2,84 dollars par action diluée un an plus tôt.
Pour les neufs mois, le résultat net était de 24,4 millions de dollars, soit 4,75 dollars par action diluée, en baisse par rapport à 31,2 millions, soit 6,07, et le FFO était de 50,5 millions de dollars, soit 9,84 dollars par action diluée, en baisse par rapport à 57,1 millions, soit 11,13. La société est un REIT possédant cinq propriétés à New York.
Alexander’s (NYSE: ALX) hat die Ergebnisse für das Quartal und die neun Monate zum 30. September 2025 veröffentlicht. Der Nettogewinn im Q3 2025 betrug 6,0 Mio. USD, bzw. 1,16 USD je verwässerter Aktie, verglichen mit 6,7 Mio. USD bzw. 1,30 USD je verwässerter Aktie im Q3 2024. FFO im Q3 betrug 14,9 Mio. USD, bzw. 2,91 USD je verwässerter Aktie, verglichen mit 14,6 Mio. USD bzw. 2,84 USD je verwässerter Aktie vor einem Jahr.
Für die neun Monate betrug der Nettogewinn 24,4 Mio. USD, bzw. 4,75 USD je verwässerter Aktie, gegenüber 31,2 Mio. USD bzw. 6,07, und der FFO betrug 50,5 Mio. USD, bzw. 9,84 USD je verwässerter Aktie, gegenüber 57,1 Mio. USD bzw. 11,13. Das Unternehmen ist ein REIT und besitzt fünf Immobilien in New York City.
Alexander’s (NYSE: ALX) أعلنت عن النتائج للربع وتسعة أشهر المنتهية في 30 سبتمبر 2025. صافي دخل الربع الثالث 2025 كان 6.0 مليون دولار، أو 1.16 دولار للسهم المخفف، مقارنة بـ 6.7 مليون دولار، أو 1.30 دولار للسهم المخفف في الربع الثالث 2024. FFO للربع الثالث كان 14.9 مليون دولار، أو 2.91 دولار للسهم المخفف، مقارنة بـ 14.6 مليون دولار، أو 2.84 دولار للسهم المخفف قبل عام.
بالنسبة لـ التسعة أشهر، كان صافي الدخل 24.4 مليون دولار، أو 4.75 دولار للسهم المخفف، بانخفاض عن 31.2 مليون دولار، أو 6.07، وكان FFO 50.5 مليون دولار، أو 9.84 دولار للسهم المخفف، بانخفاض عن 57.1 مليون دولار، أو 11.13. الشركة هي REIT تملك خمس ممتلكات في مدينة نيويورك.
- None.
- Q3 2025 net income down ~10.6% year-over-year to $5.97M
- Nine months 2025 net income down ~21.7% to $24.4M
- Nine months 2025 FFO down ~11.6% to $50.5M
Insights
Quarterly FFO held steady while GAAP earnings and year-to-date results declined; watch near-term operating and tenant metrics.
For the three months ended
Dependencies and risks called out in the disclosure include the financial condition of tenants, timing and costs of property improvements, and financing commitments; these items directly affect cash flow and the sustainability of FFO and were explicitly mentioned as material risk factors. The nine-month comparison shows larger declines: revenues down to
Concrete items to watch over the next reporting windows include quarter-over-quarter trends in revenues and FFO per diluted share, any updates on tenant financial health or financing commitments, and costs/timing for property improvements referenced in the risk discussion; monitor these in the next quarterly filing for signs of stabilization or further deterioration.
PARAMUS, N.J., Nov. 03, 2025 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended September 30, 2025 today and reported:
Third Quarter 2025 Financial Results
Net income for the quarter ended September 30, 2025 was
Funds from operations (“FFO”) (non-GAAP) for the quarter ended September 30, 2025 was
Nine Months Ended September 30, 2025 Financial Results
Net income for the nine months ended September 30, 2025 was
FFO (non-GAAP) for the nine months ended September 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.
| (tables to follow) ALEXANDER'S, INC. FINANCIAL RESULTS FOR THE QUARTERS ENDED SEPTEMBER 30, 2025 AND 2024 |
Below is a table of selected financial results.
| QUARTER ENDED SEPTEMBER 30, | |||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | |||
| Revenues | $ | 53,424 | $ | 55,675 | |
| Net income | $ | 5,968 | $ | 6,678 | |
| Net income per common share - basic and diluted | $ | 1.16 | $ | 1.30 | |
| Weighted average shares outstanding - basic and diluted | 5,135,956 | 5,133,534 | |||
| FFO (non-GAAP) | $ | 14,920 | $ | 14,582 | |
| FFO per diluted share (non-GAAP) | $ | 2.91 | $ | 2.84 | |
| Weighted average shares used in computing FFO per diluted share | 5,135,956 | 5,133,534 | |||
The following table reconciles net income to FFO (non-GAAP):
| QUARTER ENDED SEPTEMBER 30, | |||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | |||
| Net income | $ | 5,968 | $ | 6,678 | |
| Depreciation and amortization of real property | 8,952 | 7,904 | |||
| FFO (non-GAAP) | $ | 14,920 | $ | 14,582 | |
| FFO per diluted share (non-GAAP) | $ | 2.91 | $ | 2.84 | |
| Weighted average shares used in computing FFO per diluted share | 5,135,956 | 5,133,534 | |||
| ALEXANDER'S, INC. FINANCIAL RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024 | |||||
Below is a table of selected financial results.
| NINE MONTHS ENDED SEPTEMBER 30, | |||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | |||
| Revenues | $ | 159,928 | $ | 170,464 | |
| Net income | $ | 24,400 | $ | 31,167 | |
| Net income per common share - basic and diluted | $ | 4.75 | $ | 6.07 | |
| Weighted average shares outstanding - basic and diluted | 5,134,705 | 5,132,043 | |||
| FFO (non-GAAP) | $ | 50,524 | $ | 57,123 | |
| FFO per diluted share (non-GAAP) | $ | 9.84 | $ | 11.13 | |
| Weighted average shares used in computing FFO per diluted share | 5,134,705 | 5,132,043 | |||
The following table reconciles net income to FFO (non-GAAP):
| NINE MONTHS ENDED SEPTEMBER 30, | |||||
| (Amounts in thousands, except share and per share amounts) | 2025 | 2024 | |||
| Net income | $ | 24,400 | $ | 31,167 | |
| Depreciation and amortization of real property | 26,124 | 25,956 | |||
| FFO (non-GAAP) | $ | 50,524 | $ | 57,123 | |
| FFO per diluted share (non-GAAP) | $ | 9.84 | $ | 11.13 | |
| Weighted average shares used in computing FFO per diluted share | 5,134,705 | 5,132,043 | |||
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
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