PARAMUS, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-K for the year ended December 31, 2020 today and reported:

Fourth Quarter 2020 Financial Results

Net income for the quarter ended December 31, 2020 was $18.4 million, or $3.60 per diluted share, compared to $14.4 million, or $2.82 per diluted share for the quarter ended December 31, 2019.

Funds from operations (“FFO”) (non-GAAP) for the quarter ended December 31, 2020 was $25.4 million, or $4.96 per diluted share, compared to $24.6 million, or $4.81 per diluted share for the quarter ended December 31, 2019.

We have collected approximately 95% of rent billed for the quarter ended December 31, 2020 (96% including rent deferrals).

Year Ended December 31, 2020 Financial Results

Net income for the year ended December 31, 2020 was $41.9 million, or $8.19 per diluted share, compared to $60.1 million, or $11.74 per diluted share for the year ended December 31, 2019.

FFO (non-GAAP) for the year ended December 31, 2020 was $82.5 million, or $16.11 per diluted share, compared to $99.7 million, or $19.47 per diluted share for the year ended December 31, 2019.

Alexander’s, Inc. is a real estate investment trust which has seven properties in the greater New York City metropolitan area.