Alexanders (ALX) Reports 1Q Revenue Miss

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Go back to Alexanders (ALX) Reports 1Q Revenue Miss

Alexander’s Announces First Quarter Financial Results

May 4, 2020 8:48 AM EDT

PARAMUS, N.J., May 04, 2020 (GLOBE NEWSWIRE) -- ..........ALEXANDERS, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended March 31, 2020 today and reported:

Net income for the quarter ended March 31, 2020 was $4.6 million, or $0.89 per diluted share, compared to $17.9 million, or $3.49 per diluted share for the quarter ended March 31, 2019. Net income for the quarter ended March 31, 2020 included an expense of $11.4 million, or $2.23 per diluted share, from the change in fair value of marketable securities. For the quarter ended March 31, 2019, the change in fair value of marketable securities was insignificant.

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