Alexander's Announces Third Quarter EPS of $3.50

ALEXANDER'S, INC. ALX today reported: Net income attributable to common stockholders for the quarter ended September 30, 2010 was $17.9 million, or $3.50 per diluted share, compared to $58.0 million, or $11.37 per diluted share, for the quarter ended September 30, 2009. Funds from operations attributable to common stockholders (“FFO”) for the quarter ended September 30, 2010 was $25.6 million, or $5.02 per diluted share, compared to $65.2 million, or $12.77 per diluted share, for the quarter ended September 30, 2009. Net income attributable to common stockholders and FFO for the quarters ended September 30, 2010 and 2009 include income of $5.1 million and $42.5 million, respectively, or $1.00 and $8.32 per diluted share, respectively, from the reversal of a portion of the liability for income taxes. Net income attributable to common stockholders and FFO for the quarter ended September 30, 2010 include a litigation loss accrual related to our Flushing property of $3.1 million, or $0.61 per diluted share.