NYSE:ALXRetail REITs
Does Weaker Q1 Earnings And Rego Park Sale Plan Change The Bull Case For Alexander's (ALX)?
Alexander’s, Inc. has reported past first-quarter 2026 results showing sales of US$53.41 million and net income of US$4.66 million, with earnings per share falling to US$0.91 from US$2.40 a year earlier.
Despite weaker earnings and lower funds from operations, the REIT maintained a quarterly dividend of US$4.50 per share and moved ahead with plans to sell its Rego Park I shopping center for US$235.50 million.
With earnings under pressure and funds from operations down, we’ll examine how...