Alexander's Q2 FFO Declines - Quick Facts

(RTTNews) - Alexander's Inc. (ALX) Monday said second-quarter net income attributable to common stockholders fell to $13.1 million or $2.57 per share from $18.9 million or $3.70 per share in the previous year.

Net income from continuing operations was $13.1 million or $2.57 per share, up from $12.6 million or $2.46 per share for the quarter ended June 30, 2012.

Funds from operations attributable to common stockholders for the quarter ended June 30, 2013 was $20.3 million or $3.98 per share, compared to $27.4 million or $5.37 per share for the prior year's quarter.

The prior year's quarter includes FFO from discontinued operations of $7.7 million or $1.51 per share. Excluding FFO from discontinued operations, FFO for the prior year's quarter was $19.7 million or $3.86 per share.

Revenues rose to $47.30 million from $46.88 million.