Alexander's Q1 2026 Earnings Call Transcript
Alexander's reported Q1 2026 earnings with a decline in comparable FFO per share to $0.52 from $0.63, primarily due to a reversal of ground rent expense and higher interest costs. The company expects full-year comparable FFO to be slightly higher than 2025, driven by new rents and lower interest expenses. Management highlighted significant earnings growth potential in 2027 from the lease-up of PENN 1 and PENN 2 and the Park Avenue Plaza acquisition.
Tickers: $ALX
Topics: comparable_ffo lease_up leasing pipeline real_estate