ALEXANDERS INC (ALX) Form 10-Q — Nov 2, 2026
Alexander's Inc. (NYSE: ALX) reported Q3 2026 net income of $27.4 million, or $5.33 per diluted share, up from $5.97 million, or $1.16, a year earlier, with FFO of $7.07 per diluted share versus $2.91 in the prior-year quarter. The jump was driven primarily by $18.8 million of higher straight-line revenue from the Kohl's lease modification at Rego Park, where Target signed a 15-year lease replacing Kohl's, which paid a $29 million termination fee. Nine-month results also include a $148.0 million gain from the May 2026 sale of the Rego Park I property for $235.5 million.
Key figures
- Eps
- 5.33
- Revenue
- 72056000
- Net Income
- 27404000
- Total Debt
- 842470000
- Revenue Yoy
- +$18,632,000 (Q3 rental revenues $72.06M vs $53.42M)
- Total Assets
- 1198318000
- Cash Position
- 299789000
- Q3 ffo
- $36,349,000, or $7.07 per diluted share
- Liquidity
- $349,133,000 cash and restricted cash
- Nine month ffo
- $65,251,000 ($12.70 per diluted share)
- Vornado ownership
- 32.4%
- Commercial occupancy
- 94.6%
- Rego park sale price
- 235500000
- Nine month net income
- $187,428,000 ($36.48 per diluted share)
- Residential occupancy
- 98.1%
- Gain on rego park sale
- 148002000
- Kohls termination payment
- $29,000,000 ($25,100,000 remaining paid Aug 2, 2026)
- Dividends paid nine months
- $69,352,000 ($13.50 per share)
- Bloomberg share of rental revenue
- ~55%
AI analysis
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