Alexander's Q2 2026 Earnings and Rego Park Sale
Analysis based on 6 articles · First reported Aug 03, 2026 · Last updated Aug 03, 2026
The sale of Rego Park I generated a significant one-time gain, boosting reported net income substantially, though recurring FFO declined slightly. The market may view the property sale positively as it provides liquidity and simplifies the portfolio, but the drop in FFO could temper enthusiasm.
Alexander s, Inc. reported its second quarter 2026 financial results on August 3, 2026. Net income for the quarter was $155.4 million, or $30.24 per diluted share, compared to $6.1 million, or $1.19 per diluted share in the same quarter of 2025. The increase was primarily due to a $148.0 million net gain from the sale of the Rego Park I property. Funds from operations (FFO) for the quarter were $15.5 million, or $3.02 per diluted share, up from $14.8 million, or $2.88 per diluted share in the prior year. For the six months ended June 30, 2026, net income was $160.0 million, or $31.15 per diluted share, compared to $18.4 million, or $3.59 per diluted share in 2025. FFO for the six months was $28.9 million, or $5.63 per diluted share, down from $35.6 million, or $6.93 per diluted share in 2025. The company filed its Form 10-Q with the SEC. Alexander s is a real estate investment trust with four properties in New York City.
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