Monitor the company's Q3 2026 leasing activity and NYC office market conditions, as concentration in four properties and interest rate sensitivity remain key risks. The six-month FFO decline warrants attention to core operating trends.
Price Chart
Executive Summary
Alexander's, Inc. reported Q2 2026 FFO of $3.02 per share, slightly above a $3.00 consensus, and revenue of $54.7M vs $54.1M consensus, both modest beats. Operating results improved YoY (FFO +4.9%, revenue +6.1%), but net income was inflated by a $148M gain from the Rego Park I property sale. No guidance was provided, and the six-month FFO declined 18.8% YoY, tempering the quarterly improvement. The filing is routine for a NYC-focused REIT with no material surprises.
Key Financial Metrics
Key Facts
- Q2 2026 FFO (non-GAAP) of $15.5M, or $3.02 per diluted share, vs $14.8M, or $2.88 per diluted share in Q2 2025
- Q2 2026 revenue of $54.7M vs $51.6M in Q2 2025, a 6.1% YoY increase
- Net income of $155.4M includes $148.0M net gain from sale of Rego Park I property
- Six-month 2026 FFO per share declined to $5.63 from $6.93 in the prior year period
- No forward guidance or outlook provided in the release
Financial Impact
Q2 FFO beat consensus by $0.02 (0.7%), revenue beat by $0.6M (1.1%)
Risk Factors
- Geographic concentration in four New York City properties
- Interest rate sensitivity impacting REIT valuations
- Potential decline in rental income if tenant demand weakens
- Non-recurring property sale gain distorts underlying earnings comparability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3337584 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | Press Release | $232.79 | awaiting T+60 | — | $250.46 (+7.59%) |
Aug 3, 2026 12w ago | Press Release | $261.77 | awaiting T+60 | — | $250.46 (−4.32%) |
Jul 29, 2026 12w ago | Press Release | $266.02 $247.25 | ▼ −7.06% | ▼ −11.79% | $250.46 (−5.85%) |
May 28, 2026 21w ago | Press Release | $246.11 $269.54 | ▲ +9.52% | ▲ +8.34% | $250.46 (+1.77%) |
May 21, 2026 22w ago | 8-K | $246.22 $268.08 | ▲ +8.88% | ▲ +5.69% | $250.46 (+1.72%) |
May 4, 2026 25w ago | Press Release | $239.36 $266.02 | ▼ −11.14% | ▼ −9.28% | $250.46 (−4.64%) |
Apr 29, 2026 25w ago | Press Release | $245.53 $273.94 | ▲ +11.57% | ▲ +7.46% | $250.46 (+2.01%) |
Apr 21, 2026 26w ago | Press Release | $247.43 $284.15 | ▲ +14.84% | ▲ +7.94% | $250.46 (+1.22%) |
Apr 7, 2026 28w ago | DEFA14A | $235.45 $275.00 | ▲ +16.80% | ▲ +6.34% | $250.46 (+6.37%) |
Mar 9, 2026 33w ago | Press Release | $235.92 $246.83 | ▲ +4.62% | ▼ −7.36% | $250.46 (+6.16%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers