PARAMUS, N.J. (AP) — PARAMUS, N.J. (AP) — Alexander's Inc. (ALX) on Monday reported a key measure of profitability in its third quarter.

The Paramus, New Jersey-based real estate investment trust said it had funds from operations of $36.3 million, or $7.07 per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $27.4 million, or $5.33 per share.

The real estate investment trust posted revenue of $72.1 million in the period.

The company's shares have climbed 15% since the beginning of the year. The stock has climbed 14% in the last 12 months.

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