By Denny Jacob
Alexander's, owner of five major properties in New York City, recorded lower profit and revenue in its fourth quarter.
The real estate investment company logged net income of $12.3 million, or $2.39 a share, compared to $16.3 million, or $3.17 a share, a year earlier.
Funds from operations, a non-GAAP metric, were $20.8 million, or $4.06 a share, down from $25.6 million, or $4.99 a share, in the year-ago quarter.
Quarterly revenue declined to $55.9 million from $62.9 million.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 10, 2025 09:27 ET (14:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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