Discover how Alexander's Inc navigates a complex market with key lease renewals and robust liquidity, despite facing increased financial pressures.
PARAMUS, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended March 31, 2024 today and reported: Net income for the quarter ended March 31, 2024 was $16.1 million, or $3.14 per diluted share, compared to $11.2 million, or $2.19 per diluted share for the quarter ended March 31, 2023. Funds from operations (“FFO”) (non-GAAP) for the quarter ended March 31, 2024 was $25.5 million, or $4.98 per diluted share, compared to $1
Leading Business and Financial Information Company Will Maintain Nearly One Million Square Feet of Office Space at Iconic Midtown Tower Through 2040NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Alexander’s, Inc. today announced an 11-year lease extension agreement with Bloomberg LP which will begin at the expiration of the existing lease in 2029, continuing a long-standing headquarters presence at 731 Lexington Avenue through 2040. Bloomberg, which relocated its global headquarters to the tower upo