PARAMUS, N.J., Aug. 03, 2020 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2020 today and reported:

Second Quarter 2020 Financial Results

Net income for the quarter ended June 30, 2020 was $12.3 million, or $2.41 per diluted share, compared to $11.3 million, or $2.20 per diluted share for the quarter ended June 30, 2019.

Funds from operations (“FFO”) (non-GAAP) for the quarter ended June 30, 2020 was $18.0 million, or $3.51 per diluted share, compared to $24.3 million, or $4.75 per diluted share for the quarter ended June 30, 2019.

Overall, we have collected approximately 89% of rent billed for the quarter ended June 30, 2020 (92% including rent deferrals).

First Half 2020 Financial Results

Net income for the six months ended June 30, 2020 was $16.9 million, or $3.30 per diluted share, compared to $29.1 million, or $5.70 per diluted share for the six months ended June 30, 2019.

FFO (non-GAAP) for the six months ended June 30, 2020 was $41.7 million, or $8.15 per diluted share, compared to $49.8 million, or $9.74 per diluted share for the six months ended June 30, 2019.

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