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 Paramus, New Jersey-based real estate investment trust said it had funds from operations of $25.4 million, or $4.96 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 $18.4 million, or $3.60 per share.

The real estate investment trust posted revenue of $56.1 million in the period.

For the year, the company reported funds from operations of $82.5 million, or $16.11 per share. Revenue was reported as $199.1 million.

The company's shares have decreased slightly more than 3% since the beginning of the year. The stock has dropped 17% 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