💨 Abstract

Alexander’s Inc. (ALX), a Paramus, New Jersey-based REIT, reported strong second-quarter results. The company's funds from operations, a crucial profitability metric in the REIT industry, were $14.8 million, or $2.88 per share. Net income stood at $6.1 million, or $1.19 per share, with revenue at $51.6 million.

Courtesy: WTOP Staff