Alexander's, Inc. (ALX)
| Market Cap | 1.18B |
| Revenue (ttm) | 219.89M |
| Net Income (ttm) | 39.65M |
| Shares Out | 5.11M |
| EPS (ttm) | 7.72 |
| PE Ratio | 29.91 |
| Forward PE | 42.42 |
| Dividend | $18.00 (7.90%) |
| Ex-Dividend Date | May 12, 2025 |
| Volume | 61,734 |
| Open | 228.16 |
| Previous Close | 227.76 |
| Day's Range | 226.30 - 230.90 |
| 52-Week Range | 184.76 - 251.63 |
| Beta | 0.82 |
| Analysts | Sell |
| Price Target | 125.00 (-45.86%) |
| Earnings Date | Aug 4, 2025 |
About ALX
Alexander’s, Inc. is a real estate investment trust (REIT) engaged in leasing, managing, developing and redeveloping properties. Alexander’s activities are conducted through its manager, Vornado Realty Trust. Alexander’s has five properties in the greater New York City metropolitan area consisting of: 731 Lexington Avenue office and retail (including Bloomberg, L.P.'s world headquarters), the Rego Center complex in Rego Park, Queens, including the Rego Park I & II retail properties and The Alexander apartment tower, and a retail property locate... [Read more]
Financial Performance
In 2024, Alexander's's revenue was $226.37 million, an increase of 0.63% compared to the previous year's $224.96 million. Earnings were $43.44 million, a decrease of -57.58%.
Financial StatementsAnalyst Summary
According to one analyst, the rating for ALX stock is "Sell" and the 12-month stock price target is $125.0.
News
5 Office REITs For The Great Return To Office
My wife nailed it as we stepped into the open house, staring into the front room labeled “home office.” Shoes off, respecting the homeowners still living there.
Alexander's Announces First Quarter Financial Results
PARAMUS, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended March 31, 2025 today and reported:
Sell These 10 REITs While You Still Can
This neither the best of times nor the worst of times for REIT investors. This article presents a list of 10 REITs that would merit a Sell rating even in the best of times, given their current conditi...
Alexander's Declares Quarterly $4.50 Dividend on Common Shares
PARAMUS, N.J., April 30, 2025 (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 May ...
Alexander's Announces First Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call
PARAMUS, N.J., April 24, 2025 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10Q for the quarter ended March 31, 2025 with the U.S. Se...
Alexander's: Is The Dividend Safe?
Alexander's is up year-to-date, outperforming its peers, even as its dividend looks less safe. Dividend coverage has slipped to 90%, down from 111% a year ago, as FFO and free cash flow continue to di...
Mousetraps: 9 High-Yield REITS With Potentially Unsafe Dividends
The recent sell-off has increased the temptation to reach for some of the many high-yield REITs, but beware of "mousetrap" REITs with unsustainable dividends. Dividend safety is crucial; a cut can lea...
Alexander's Announces Fourth Quarter Financial Results
PARAMUS, N.J., Feb. 10, 2025 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-K for the year ended December 31, 2024 today and reported:
Alexander's: Bloomberg Lease Secured, Is The Dividend Safe
Alexander's has dipped materially from its 52-week high following a spike in the US 10-year Treasury yield. The REIT generated fiscal 2024 third-quarter FFO of $2.84 per share, down from its year-ago ...
Alexander's Announces Fourth Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call
PARAMUS, N.J., Jan. 22, 2025 (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, 2024 with the U.S. Secur...
Top 3 Real Estate Stocks That May Rocket Higher This Quarter
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
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 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, 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: 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: 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...