Alexander’s Q2 FY26 net income more than doubled to $155.36 million; revenue rises 6.05% to $54.71 million

• Alexander's swung to net income of USD 155.36 million, or USD 30.24 per diluted share, in the quarter ended June 30, 2026.
• Results included a USD 148 million net gain on the sale of the Rego Park I property, sold for USD 235.5 million.
• Rental revenues rose 6.05% to USD 54.71 million, while funds from operations (non-GAAP) increased to USD 15.54 million, or USD 3.02 per diluted share.
• Commercial occupancy stood at 94.6% and residential occupancy at 97.4% as of June 30, 2026.
• Entered a lease modification with a 135,000-square-foot Rego Park tenant that could trigger an August 2026 early termination payment of about USD 29 million; signed a 15-year lease with Target for the space.

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