Alexander’s: 4Q Earnings Snapshot
PARAMUS, N.J. (AP) _ Alexander’s Inc. (ALX) on Monday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Paramus, New Jersey, said it had funds from operations of $24.2 million, or $4.72 per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $10 million, or $1.95 per share.
The real estate investment trust posted revenue of $57.6 million in the period.
For the year, the company reported funds from operations of $101.2 million, or $19.78 per share. Revenue was reported as $232.8 million.
The company’s shares have increased 23 percent since the beginning of the year. The stock has increased 6.5 percent in the last 12 months.