New York REIT Alexander's Posts Decline in 4Q Profit, Revenue

Dow Jones

02/10

By Denny Jacob

Alexander's, owner of five major properties in New York City, recorded lower profit and revenue in its fourth quarter.

The real estate investment company logged net income of $12.3 million, or $2.39 a share, compared to $16.3 million, or $3.17 a share, a year earlier.

Funds from operations, a non-GAAP metric, were $20.8 million, or $4.06 a share, down from $25.6 million, or $4.99 a share, in the year-ago quarter.

Quarterly revenue declined to $55.9 million from $62.9 million.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 10, 2025 09:27 ET (14:27 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510586819","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510586819","pubTimestamp":1739197620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Alexander's, owner of five major properties in New York City, recorded lower profit and revenue in its fourth quarter.The real estate investment company logged net income of $12.3 million, or $2.39 a share, compared to $16.3 million, or $3.17 a share, a year earlier.Funds from operations, a non-GAAP metric, were $20.8 million, or $4.06 a share, down from $25.6 million, or $4.99 a share, in the year-ago quarter.Quarterly revenue declined to $55.9 million from $62.9 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","ALX":"亚历山大公司","REIT":"ALPS Active REIT ETF"},"translate_title":"纽约房地产投资信托基金亚历山大公布第四季度利润和收入下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALX":1,"CFA.SI":1,"REIT":1},"content_text":"By Denny Jacob \n\n\n \n\n\n  Alexander's, owner of five major properties in New York City, recorded lower profit and revenue in its fourth quarter. \n\n\n  The real estate investment company logged net income of $12.3 million, or $2.39 a share, compared to $16.3 million, or $3.17 a share, a year earlier. \n\n\n  Funds from operations, a non-GAAP metric, were $20.8 million, or $4.06 a share, down from $25.6 million, or $4.99 a share, in the year-ago quarter. \n\n\n  Quarterly revenue declined to $55.9 million from $62.9 million. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 10, 2025 09:27 ET (14:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}