Alexander's Q1 FFO $4.98 Up From $3.63 YoY, Sales $61.40M Up From $52.94M YoY
Portfolio Pulse from Benzinga Newsdesk
Alexander's (NYSE:ALX) reported a significant increase in its Q1 FFO to $4.98 per share, up 37.19% from $3.63 YoY, with sales rising 15.97% to $61.40M from $52.94M YoY.
May 06, 2024 | 12:53 pm
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Alexander's reported a 37.19% increase in Q1 FFO per share to $4.98 and a 15.97% rise in sales to $61.40M YoY.
The significant increase in both FFO per share and sales indicates a strong financial performance for Alexander's, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100