Alexander's, Inc., a prominent real estate company, disclosed a substantial increase in their adjusted Funds from Operations (FFO) for the last quarter.
The firm's adjusted FFO experienced a boost, escalating to $25.6 million or $4.99 per share. This is an improvement from the previous year's $20.6 million or $4.03 per share.
Year-on-year, earnings also showed a positive trend, soaring to $16.3 million or $3.17 per share, an increase from the prior year's $13.2 million or $2.57 per share.
During the same period, revenue was reported at $62.9 million, a marked increment compared to the previous year's $53.04 million.
Presently, the company's stock is experiencing an upward trajectory, escalating 3.50 percent from the previous close, standing at $230 in value, significantly higher than the previous $222.22. Alexander's, Inc. is demonstrating solid performance in the market, with a volume of 3,042 on the New York Stock Exchange.
