Alexander's swung to net income of $155.36 million, or $30.24 per diluted share, in the quarter ended June 30, 2026.
Results included a $148 million net gain on the sale of the Rego Park I property, sold for $235.5 million.
Rental revenues rose 6.05% to $54.71 million, while funds from operations (non-GAAP) increased to $15.54 million, or $3.02 per diluted share.
Commercial occupancy stood at 94.6% and residential occupancy at 97.4% as of June 30, 2026.
The company entered a lease modification with a 135,000-square-foot Rego Park tenant that could trigger an August 2026 early termination payment of about $29 million; it also signed a 15-year lease with Target for the space.
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