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Alexander's Announces Fourth Quarter Financial Results
ALXAlexander’s(ALX) GlobeNewswire News Room·2025-02-10 14:15

Financial Performance Overview - Alexander's, Inc. reported a net income of 12.3million,or12.3 million, or 2.39 per diluted share for Q4 2024, a decrease from 16.3million,or16.3 million, or 3.17 per diluted share in Q4 2023 [1][8] - Funds from operations (FFO) for Q4 2024 was 20.8million,or20.8 million, or 4.06 per diluted share, down from 25.6million,or25.6 million, or 4.99 per diluted share in Q4 2023 [2][8] Year-End Financial Results - For the year ended December 31, 2024, net income was 43.4million,or43.4 million, or 8.46 per diluted share, significantly lower than 102.4million,or102.4 million, or 19.97 per diluted share for 2023, which included a 54.0milliongainfromthesaleofalandparcel[3][11]−FFOfortheyearendedDecember31,2024was54.0 million gain from the sale of a land parcel [3][11] - FFO for the year ended December 31, 2024 was 78.0 million, or 15.19perdilutedshare,comparedto15.19 per diluted share, compared to 81.1 million, or 15.80perdilutedsharefor2023[4][12]RevenueAnalysis−TotalrevenuesfortheyearendedDecember31,2024were15.80 per diluted share for 2023 [4][12] Revenue Analysis - Total revenues for the year ended December 31, 2024 were 226.4 million, slightly up from $225.0 million in 2023 [11]