The 36% FFO decline and 62% net income drop signal significant operational deterioration. With no guidance and a bearish analyst consensus (0% bullish), expect further downside pressure. Monitor the 10-Q for lease rollover details and tenant credit quality.
Price Chart
Executive Summary
Alexander's, Inc. reported Q1 2026 FFO of $2.60 per diluted share, down 36% from $4.06 in Q1 2025, and net income fell to $0.91 per share from $2.40. Revenue declined 2.7% YoY to $53.4M. The sharp drop in FFO and net income reflects weaker operating performance, with no guidance provided.
Key Financial Metrics
Key Facts
- Q1 2026 FFO per diluted share: $2.60 vs $4.06 in Q1 2025 (down 36% YoY)
- Q1 2026 net income: $4.7M ($0.91/share) vs $12.3M ($2.40/share) in Q1 2025 (down 62% YoY)
- Q1 2026 revenue: $53.4M vs $54.9M in Q1 2025 (down 2.7% YoY)
- No guidance or outlook provided in the filing
- FFO is the key metric for equity REITs; the 36% decline is material
Financial Impact
FFO per share declined 36% YoY from $4.06 to $2.60; net income fell 62% YoY from $12.3M to $4.7M
Risk Factors
- Continued FFO erosion from tenant vacancies or rent concessions
- No forward guidance increases uncertainty about recovery timeline
- High short interest or sell-side downgrades could amplify selling pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3286794 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | Press Release | $232.79 | awaiting T+60 | — | $249.67 (+7.25%) |
Aug 3, 2026 12w ago | Press Release | $261.77 | awaiting T+60 | — | $249.67 (−4.62%) |
Jul 29, 2026 12w ago | Press Release | $266.02 $247.25 | ▼ −7.06% | ▼ −11.79% | $249.67 (−6.15%) |
May 28, 2026 21w ago | Press Release | $246.11 $269.54 | ▲ +9.52% | ▲ +8.34% | $249.67 (+1.45%) |
May 21, 2026 22w ago | 8-K | $246.22 $268.08 | ▲ +8.88% | ▲ +5.69% | $249.67 (+1.40%) |
May 4, 2026 25w ago | Press Release | $239.36 $266.02 | ▼ −11.14% | ▼ −9.28% | $249.67 (−4.31%) |
Apr 29, 2026 25w ago | Press Release | $245.53 $273.94 | ▲ +11.57% | ▲ +7.46% | $249.67 (+1.68%) |
Apr 21, 2026 27w ago | Press Release | $247.43 $284.15 | ▲ +14.84% | ▲ +7.94% | $249.67 (+0.91%) |
Apr 7, 2026 28w ago | DEFA14A | $235.45 $275.00 | ▲ +16.80% | ▲ +6.34% | $249.67 (+6.04%) |
Mar 9, 2026 33w ago | Press Release | $235.92 $246.83 | ▲ +4.62% | ▼ −7.36% | $249.67 (+5.83%) |
US Market Status
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