Alexander's (ALX) reported Q4 non-GAAP funds from operations Monday of $4.06 per diluted share, down from $4.99 a year earlier.
A single analyst polled by FactSet expected $3.71.
Revenue for the quarter ended Dec. 31 was $55.9 million, down from $62.9 million a year earlier.
A single analyst surveyed by FactSet expected $55.2 million.
ALX shares were edging 0.7% higher ahead of Monday's opening bell.