PARAMUS, N.J. – PARAMUS, N.J. (AP) _ Alexander's Inc. (ALX) on Monday reported a key measure of profitability in its first quarter.
The Paramus, New Jersey-based real estate investment trust said it had funds from operations of $27.4 million, or $5.36 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 a loss of $9.7 million, or $1.90 per share.
The real estate investment trust posted revenue of $57.9 million in the period.
The company's shares have fallen 0.5 percent since the beginning of the year. The stock has fallen slightly more than 9 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on ALX at https://www.zacks.com/ap/ALX