Alexander's 3Q 2026: Revenue $72.1M, Net income $27.4M, EPS $5.33— 10-Q Summary

What happened

Alexander’s reported third-quarter 2026 revenue of $72.1 million and net income of $27.4 million, up from $53.4 million and $6 million a year earlier. The company said higher straight-line revenue tied to a modification of Kohl’s lease was the main driver of revenue growth.

Confirmed

Global impact / market context

The results show how lease terms can shape reported revenue and profit: the increase was primarily linked to a Kohl’s lease modification, rather than described as broad-based growth. Target’s new 15-year lease for the space may support future rental income, though the article gives no expected rent or start date.

Analyst inference

Alexander’s operates four New York City properties, with commercial occupancy of 94.6% and residential occupancy of 98.1% at September 30. Bloomberg contributed about 55% of rental revenue in the first nine months, making its extended leases through February 2040 a notable part of the rent picture.

Confirmed

What to watch

1. Watch for details on how the Kohl’s lease modification affects future reported revenue, since the article identifies it as the primary driver of third-quarter growth but gives no ongoing amount. Analyst inference
2. Track the start and rent terms of Target’s 15-year lease for Kohl’s former 135,000-square-foot Rego Park space; the article confirms the signing, not when rent begins. Confirmed
3. Follow occupancy across the four New York City properties, as sustained vacancies or leasing could change rental income and the contribution of property operations to results. Analyst inference

Evidence

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