Overview
Real estate investment trust's Q4 revenue slightly missed analyst expectations
Net income for Q4 fell compared to last year
Company's FFO for Q4 decreased yr/yr
Outlook
Alexander's did not provide specific guidance for future quarters or the full year
Result Drivers
Alexander's did not give details or reasons for the financial results in its press release
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Miss* | $53.26 mln | $53.40 mln (1 Analyst) |
Q4 Net Income | Miss | $3.82 mln | $6.30 mln (1 Analyst) |
Q4 Adjusted FFO | $12.47 mln | ||
Q4 Adjusted FFO Per Share | $2.43 |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The one available analyst rating on the shares is "sell"
The average consensus recommendation for the commercial reits peer group is "buy."
Wall Street's median 12-month price target for Alexander's Inc is $190.00, about 25.5% below its February 6 closing price of $255.07
Press Release: ID:nGNXjlztN
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)