Alexander's: Q4 Earnings Snapshot

PARAMUS, N.J. (AP) — PARAMUS, N.J. (AP) — Alexander's Inc. (ALX) on Monday reported a key measure of profitability in its fourth quarter.

The Paramus, New Jersey-based real estate investment trust said it had funds from operations of $25.6 million, or $4.99 per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $16.3 million, or $3.17 per share.

The real estate investment trust posted revenue of $62.9 million in the period.

For the year, the company reported funds from operations of $81.1 million, or $15.80 per share. Revenue was reported as $225 million.

The company's shares have increased 4% since the beginning of the year. The stock has dropped 2% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ALX at


Salem News Channel Today

On-Air & Up next

See the Full Program Guide