This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Alexander’s Announces Third Quarter FFO Of $5.38 Per Share

ALEXANDER’S, INC. (New York Stock Exchange: ALX) today reported:

Third Quarter 2012 Results

Net income attributable to common stockholders for the quarter ended September 30, 2012 was $18.9 million, or $3.69 per diluted share, compared to $20.4 million, or $4.00 per diluted share for the quarter ended September 30, 2011. The quarter ended September 30, 2012 includes income from continuing operations of $12.4 million, or $2.43 per diluted share, compared to $14.9 million, or $2.93 per diluted share for the quarter ended September 30, 2011.

Funds from operations attributable to common stockholders (“FFO”) for the quarter ended September 30, 2012 was $27.5 million, or $5.38 per diluted share, compared to $28.8 million, or $5.65 per diluted share for the prior year’s quarter. The quarter ended September 30, 2012 includes FFO from continuing operations of $19.6 million, or $3.84 per diluted share, compared to $22.0 million, or $4.30 per diluted share for the prior year’s quarter.

Nine Months Ended September 30, 2012 Results

Net income attributable to common stockholders for the nine months ended September 30, 2012 was $57.2 million, or $11.20 per diluted share, compared to $58.8 million, or $11.51 per diluted share for the nine months ended September 30, 2011. The nine months ended September 30, 2012 includes income from continuing operations of $38.0 million, or $7.44 per diluted share, compared to $41.5 million, or $8.13 per diluted share for the nine months ended September 30, 2011.

FFO for the nine months ended September 30, 2012 was $82.9 million, or $16.23 per diluted share, compared to $83.7 million, or $16.40 per diluted share for the prior year’s nine months. The nine months ended September 30, 2012 includes FFO from continuing operations of $59.5 million, or $11.64 per diluted share, compared to $62.3 million, or $12.20 per diluted share for the prior year’s nine months.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,124.67 +72.94 0.43%
S&P 500 1,984.66 +11.03 0.56%
NASDAQ 4,460.3890 +35.6850 0.81%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs