Alexander's, Inc. (ALX)
| Market Cap | 1.12B |
| Revenue (ttm) | 233.40M |
| Net Income (ttm) | 47.45M |
| Shares Out | 5.11M |
| EPS (ttm) | 9.25 |
| PE Ratio | 23.65 |
| Forward PE | 36.98 |
| Dividend | $18.00 (8.23%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 8,384 |
| Open | 219.25 |
| Previous Close | 221.07 |
| Day's Range | 215.58 - 219.99 |
| 52-Week Range | 182.59 - 251.63 |
| Beta | 0.80 |
| Analysts | Sell |
| Price Target | 125.00 (-42.83%) |
| Earnings Date | Nov 4, 2024 |
About ALX
Alexander’s, Inc. (NYSE: ALX) is a real estate investment trust (“REIT”), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to “we,” “us,” “our,” “Company” and “Alexander’s” refer to Alexander’s, Inc. and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (“Vornado”) (NYSE: VNO). We have five properties in New York City. [Read more]
Financial Performance
In 2023, Alexander's's revenue was $224.96 million, an increase of 9.30% compared to the previous year's $205.81 million. Earnings were $102.41 million, an increase of 77.70%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for ALX stock is "Sell" and the 12-month stock price forecast is $125.0.
News
Alexander's Is A Good Business That The Market Has Overestimated
Alexander's, Inc. has underperformed since 2019, with a -1.7% TSR compared to SPY's 113%, due to declining profitability and rich valuations. Despite increasing NOPAT since 2020, the Company's GAAP ne...
Alexander's Announces Third Quarter Financial Results
PARAMUS, N.J., Nov. 04, 2024 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended September 30, 2024 today and reported:
Alexander's Declares Quarterly $4.50 Dividend on Common Shares
PARAMUS, N.J., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on Novem...
Alexander's Announces Third Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call
PARAMUS, N.J., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2024 with the U.S...
Alexander's Completes $400 Million Refinancing of 731 Lexington Avenue Office Condominium
PARAMUS, N.J., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it has completed a $400 million refinancing of the office condominium portion of 731 Lexington Aven...
Fed Rate Cuts Breathe New Life Into These High-Yield Stocks
Real estate is great, except for the heavy time commitment, which makes it a non-starter for me. “Brett, can you come over and change my lightbulb?
Alexander's Announces Second Quarter Financial Results
PARAMUS, N.J., Aug. 05, 2024 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2024 today and reported:
7 Potential Mousetrap REITs - High, Potentially Unsafe Yields
From a fundamental standpoint, this may be a good time to invest in REITs with high yields. It's crucial to avoid mousetrap REITs with high dividend yields that may be unsustainable, as dividend cuts ...
Alexander's Announces Second Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call
PARAMUS, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2024 with the U.S. Sec...
Alexander's Inc.: Numerous Signs Of Distress
Office REITs have gained modestly this year, but face challenges due to the WFH trend and mounting defaults in commercial real estate loans. Alexanders, Inc. is a small-cap REIT with a portfolio of of...
Three Office REITs To Sell With Weak Balance Sheets
There will likely be a major sell-off in REITs in the next 2-5 years. Weak REITs with messy balance sheets, weak forecasts for FFO growth, unsafe dividends, and/or overvaluation are likely to suffer t...
The Ultimate Contrarian Plays: 7 Hated Stocks Yielding Up To 12.9%
What's better than a big dividend? A hated high yield. Especially when the disgust comes from Wall Street analysts themselves. You know, the fanboys who follow the company for a living.
Alexander's Announces First Quarter Financial Results
PARAMUS, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended March 31, 2024 today and reported:
Alexander's, Inc. Extends Bloomberg LP's Global Headquarters Lease at 731 Lexington Avenue Tower Through 2040
Leading Business and Financial Information Company Will Maintain Nearly One Million Square Feet of Office Space at Iconic Midtown Tower Through 2040 Leading Business and Financial Information Company ...
Alexander's Announces First Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call
PARAMUS, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2024 with the U.S. S...
Alexander's: Hold On To This 8.8% Yield From New York City
Alexander's: Hold On To This 8.8% Yield From New York City
Alexander's Announces Fourth Quarter Financial Results
PARAMUS, N.J., Feb. 12, 2024 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-K for the year ended December 31, 2023 today and reported:
Alexander's: A Lot Of Risks For A Small Discount
Alexander's, Inc. is a REIT that owns and manages 5 retail properties in New York City. The REIT's operating performance is concerning, with low occupancy rates and minimal revenue growth. There are a...
Alexander's Announces Fourth Quarter Earnings Release Date, Anticipated Common Stock Declaration Dates and Vornado Realty Trust Quarterly Conference Call
PARAMUS, N.J., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its annual report on Form 10-K for the year ended December 31, 2023 with the U.S. Secur...
Extremely High Yield REITs: Danger And Opportunity
There are 19 equity REITs with yields greater than 9%, ranging up to 19%. High dividend yields in REITs are partly due to cheap valuations relative to the broader market. This article will discuss how...
Alexander's 10% Yield Seems Compelling But Faces Headwinds
Alexander's fiscal 2023 third quarter FFO dipped heavily from its year-ago comp. This has put at risk a historically stable payout as the dividend coverage now stands at 81%. A large cash position mea...
Alexander's Inc. (ALX) Q3 2023 Earnings Call Transcript
Alexander's Inc. (NYSE:ALX) Q3 2023 Results Conference Call October 31, 2023 10:00 AM ET Company Participants Steve Borenstein - Senior VP, Corporation Counsel and Secretary Steven Roth - Chairman of...
The Office REIT Conundrum Part II: The Big Apple Landlords
Office real estate investment trusts in New York City are facing challenges as remote work and changing office dynamics impact demand. Some office markets in Florida, such as Tampa Bay and Sarasota, a...
Alexander's, Inc.: The Needle Is Pointing Down
Office REITs in urban areas with long commutes will likely continue to struggle due in large measure to the WFH trend. Alexander's Inc. owns 5 properties in the New York metropolitan area, including t...