Alexander's, Inc. announced a significant increase in net income for Q3 2026, reporting $27.4 million or $5.33 per diluted share, compared to $6.0 million or $1.16 per share in Q3 2025. This growth was supported by funds from operations (FFO) rising to $36.3 million from $14.9 million year-over-year. For the first nine months of 2026, net income surged to $187.4 million, largely due to a $148 million gain from the sale of the Rego Park I property. The company continues to operate four properties in New York City and uses FFO as a key performance metric to reflect operational results excluding property depreciation and sales gains.
Alexander's third quarter results provide context for readers following real estate stocks. For readers following US real estate stocks, here is Pluang's market snapshot as of Nov 02, 2026 19:11 WIB: Among 47 priced real estate-sector US stocks, 18 rose and 14 fell. Notable movers include CCI at USD 87.50 with a -1.36% change and a typical hold time of 87 days, UDR at USD 36.00 with a +1.35% change and an 8-day hold time, and EPR at USD 57.01 with a -1.21% change and a 54-day hold time.
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