Alexanders

Q2 FY2026 EarningsALX Q2 FY26 results significantly beat consensus estimates, primarily driven by a $148M net gain from the sale of the Rego Park I property. Revenue of $54.7M exceeded the $54.1M consensus, while GAAP Net Income reached $155.4M, far surpassing the $6.6M expectation due to the one-time real estate sale gain. Excluding this gain, FFO was $15.5M (+5.3% YoY), supported by higher rental income and expense recoveries, despite retail expirations at 731 Lexington Avenue.