Alexander's: Fourth Quarter Financial Highlights
Alexander's Inc. Reports Fourth Quarter Financial Results
Alexander's Inc., a real estate investment trust headquartered in Paramus, New Jersey, announced its financial performance for the fourth quarter on Monday.
During this period, the company recorded funds from operations totaling $12.5 million, which equates to $2.43 per share. This metric, commonly used in the REIT sector, is calculated by adjusting net income to include items like depreciation and amortization.
Net income for the quarter reached $3.8 million, or $0.74 per share. The trust also reported quarterly revenue of $53.3 million.
Looking at the full year, Alexander's Inc. achieved funds from operations of $63 million, or $12.27 per share, with total annual revenue amounting to $213.2 million.
Since the start of the year, the company’s stock price has climbed by 17%. Over the past twelve months, shares have gained 29% in value.
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