Alexander's Reports Q3 2026 Earnings Miss on FFO and Revenue
Alexander's (ALX) reported third-quarter financial results for the period ending September 30, 2026, missing analyst expectations on both top and bottom lines. Funds From Operations (FFO) came in at $7.07 per share, falling short of estimates by $1.13, while total revenue reached $72.06 million, missing projections by $10.34 million despite a significant 34.9% year-over-year increase. The company saw a substantial rise in net income compared to the previous year, reporting $27.4 million ($5.33 per diluted share) versus $6.0 million ($1.16 per diluted share) in Q3 2025. However, the revenue and FFO misses suggest challenges in meeting market growth expectations for the NYC-based retail REIT.
Tickers: $ALX
Topics: earnings miss FFO financial results REIT revenue miss
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