Alexander's Q4 FFO Falls 19.5% to $2.43, Revenue Drops to $53.3M
Alexander's reported Q4 FFO of $2.43 per share, missing consensus by $0.59 for a 19.5% shortfall, while revenue of $53.26 million fell 0.27% below estimates. FFO declined from $4.06 a year earlier and shares slid over 13% after the report despite a 17% YTD gain.
1. Q4 Financial Results
Alexander's posted Q4 2025 FFO of $2.43 per share, missing consensus by $0.59 for a 19.5% shortfall, and reported revenue of $53.26 million, 0.27% below estimates.
2. Comparison to Prior Periods
FFO decreased from $4.06 in Q4 2024 and $2.91 in Q3 2025, marking two consensus misses in four quarters and reversing a prior surprise of +16.4% last period.
3. Share Performance Impact
Shares dropped over 13% on the day of the release, erasing part of the 17% year-to-date gain recorded through early February.
4. Forward Outlook
Consensus estimates for Q1 2026 anticipate FFO of $3.15 per share on $53.7 million revenue, with full-year FFO projected at $12.52 on $216.4 million, while the REIT industry ranks in the bottom quartile.