Alexander's: 4Q Earnings Snapshot

PARAMUS, N.J. (AP) _ Alexander's Inc. (ALX) on Tuesday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Paramus, New Jersey, said it had funds from operations of $24.6 million, or $4.81 per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $14.4 million, or $2.82 per share.

The real estate investment trust posted revenue of $55.9 million in the period.

For the year, the company reported funds from operations of $99.7 million, or $19.47 per share. Revenue was reported as $226.4 million.

The company's shares have fallen slightly more than 3% since the beginning of the year. The stock has decreased 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALX at https://www.zacks.com/ap/ALX