Alexander's net income, revenue fall in Q4

Reuters
Feb 09
Alexander's net income, revenue fall in Q4

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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