Alexander's, Inc.

NYSE:ALX Lagerbericht

Marktkapitalisierung: US$1.3b

Alexander's Vergangene Ertragsentwicklung

Vergangenheit Kriterienprüfungen 3/6

Alexander'sDie Gewinne des Unternehmens sind mit einer durchschnittlichen jährlichen Rate von -13.1% zurückgegangen, während in der Branche Retail REITs die Gewinne wachsen. Die Umsatzerlöse sind gewachsen mit einer durchschnittlichen Rate von 1.6% pro Jahr. Alexander's Die Eigenkapitalrendite des Unternehmens beträgt 75.9%, und die Nettomargen liegen bei 79.1%.

Wichtige Informationen

-13.13%

Wachstumsrate der Gewinne

-13.19%

EPS-Wachstumsrate

Retail REITs Wachstum der Industrie8.45%
Wachstumsrate der Einnahmen1.60%
Eigenkapitalrendite75.94%
Netto-Marge79.06%
Letzte Ertragsaktualisierung30 Jun 2026

Jüngste Aktualisierungen vergangener Leistungen

Recent updates

Seeking Alpha • Aug 05

Alexander's: A NYC Retail REIT To Keep Benched, As Portfolio Growth Remains Quiet

Summary Alexander's is rated Hold, balancing high debt and limited growth against resilient leasing and strong market performance versus the S&P 500. ALX's high-yield dividend (~6.8%) offers diversification but carries elevated risk due to poor coverage (0.7x FFO/share) and flat growth trends. Portfolio concentration in NYC and limited expansion prospects constrain ALX's upside, while recent gains stemmed from a one-time asset sale. ALX trades at a rich valuation despite declining EBITDA margin and FFO, with consensus forecasts signaling downside and a cautious forward outlook. Read the full article on Seeking Alpha
Seeking Alpha • Apr 14

Alexander's: Is The Dividend Safe?

Summary 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 dip. The REIT faces $502 million in debt repayments this year against cash and cash equivalents of just $338.53 million. Read the full article on Seeking Alpha
Seeking Alpha • Jan 26

Alexander's: Bloomberg Lease Secured, Is The Dividend Safe

Summary 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 comp. A $354.8 million cash and cash equivalents position helps to provide a buffer for the REIT, but 2025 debt maturities are heavy and will pose a challenge. Read the full article on Seeking Alpha
Seeking Alpha • Nov 12

Alexander's Is A Good Business That The Market Has Overestimated

Summary 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 net income and NOPAT margins have declined from 2019 highs, impacting overall profitability. Management has created value with $154 million in economic earnings since 2019, but ALX remains overvalued with unrealistic growth expectations. Alexander's stock is not recommended due to its inability to meet market expectations and reward investors despite its operational improvements. Read the full article on Seeking Alpha
Seeking Alpha • Jul 16

Alexander's Inc.:  Numerous Signs Of Distress

Summary 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 office and retail properties in New York City, facing heavy indebtedness, shrinking revenues, and reliance on a single tenant. ALX faces liquidity issues, and may need to cut dividends or dilutively issue new shares, making it a risky investment for the longer term. Read the full article on Seeking Alpha
Seeking Alpha • Apr 21

Alexander's: Hold On To This 8.8% Yield From New York City

Summary Alexander's has maintained its dividend through recent chaos, offering an 8.8% dividend yield. The REIT's coverage of its dividend is at 88% against its full-year 2023 FFO. There is $500 million in debt maturing debt in 2024 which needs to be refinanced or extended. Read the full article on Seeking Alpha
Seeking Alpha • Jan 29

Alexander's: A Lot Of Risks For A Small Discount

Summary 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 also risks associated with portfolio concentration, significant tenant dependency, and upcoming mortgage maturities. Additionally, the dividend is in danger and the current discount to NAV is unattractive. Read the full article on Seeking Alpha
Seeking Alpha • Nov 01

Alexander's 10% Yield Seems Compelling But Faces Headwinds

Summary 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 means ALX can sustain its dividend payments for years, but it faces upcoming debt maturities that will require refinancing. Read the full article on Seeking Alpha
Seeking Alpha • Aug 02

Alexander's, Inc.: The Needle Is Pointing Down

Summary 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 the world headquarters of Bloomberg. Shares in ALX have been losing value for nearly 10 years and revenues are declining significantly. ALX is in imminent danger of a dividend cut in the face of declining revenues and heavy near-term debt maturities. Read the full article on Seeking Alpha
Seeking Alpha • Feb 13

Alexanders AFFO of $4.03 misses by $0.05, revenue of $53.05M beats by $1.35M

Alexanders press release (NYSE:ALX): Q4 AFFO of $4.03 misses by $0.05. Revenue of $53.05M (+6.8% Y/Y) beats by $1.35M.
Seeking Alpha • Jan 18

Alexanders declares $4.50 dividend

Alexanders (NYSE:ALX) declares $4.50/share quarterly dividend, in line with previous. Forward yield 7.76% Payable Feb. 10; for shareholders of record Jan. 30; ex-div Jan. 27. See ALX Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Oct 26

Alexanders declares $4.50 dividend

Alexanders (NYSE:ALX) declares $4.50/share quarterly dividend, in line with previous. Forward yield 7.89% Payable Nov. 18; for shareholders of record Nov. 7; ex-div Nov. 4. See ALX Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 27

Alexanders declares $4.50 dividend

Alexanders (NYSE:ALX) declares $4.50/share quarterly dividend, in line with previous. Forward yield 7.73% Payable Aug. 19; for shareholders of record Aug. 8; ex-div Aug. 5. See ALX Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 09

Alexander's: Bottom Fishing On This Commercial REIT Could Be Risky

Alexander's is witnessing higher demand and has an active pipeline in the retail real estate segment. However, it is struggling in the office market. Steady demand and higher rents can only happen in the long run, as in the short run, ALX’s huge vacancies will get absorbed at low rents. A mid-to-high single-digit FFO growth will not be good enough to sustain ALX’s current yield in case the price rises, even by a low percentage. Alexander's Inc. Alexander's, Inc. (ALX) is a real estate investment trust ((REIT)) which leases, manages, and develops properties primarily in the retail segment. The company's portfolio comprises retail and office properties located in metropolitan and suburban areas of New York City. Alexander's major tenants include financial institutions, fashion and accessories stores, toy shops, homeware and furniture stores, and department stores. The company generates revenue from leasing to tenants, and rents generated from parking spaces. The majority of consolidated revenue is derived from tenant leases. Alexander's activities are conducted through its manager, Vornado Realty Trust (VNO). ALX has 6 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, and III retail properties and The Alexander apartment tower, and a retail property located in Flushing, NY. By the beginning of May 2022, ALX had a utilization of just 46 percent. Rentals and FFO During Q1 2022 During Q1 2022, ALX's fund from operations ((FFO)) grew by 22 percent, primarily due to rent commencement on new office and retail leases. Retail leasing activity in the first quarter consisted of six lease contracts totaling 20,000 square feet with average starting rents of $172 per square foot. All these lease contracts have long term maturities. The company has an active pipeline and strong interest in the Penn district in particular. However, it is struggling in the office market. In Chicago, the office market continues to be challenged with direct vacancy and historically high levels of concessions provided to tenants. Still, almost 0.15 million square feet of new leases have been finalized in Q1, 2022, including an 81,000 square foot of Avant's (a lending FinTech company) headquarter and a 34,000 square foot renewal of Steelcase's showroom. The company also has almost 70,000 square feet of leases in negotiation. In San Francisco, although the overall vacancy rate is 15 percent, 555 California is almost 97 percent occupied. Dividend Yield Alexander's, Inc.'s market price has been in a steady fall over the past five years. Price dropped by almost 45 percent. Prior to that the share traded around $400 for several years. The falling prices resulted in a relatively higher yield. The average yield over the past four years is little over 6 percent, and it has generated a yield in the range of 5 percent to 7 percent. The yield over the trailing twelve months (TTM yield) is 7.8 percent. Without a doubt, this REIT is trying to generate high yield for its investors. This commercial REIT has paid regular quarterly dividends since 2010. The company made a steady growth in the pay-out, and despite such drastic impact of covid-19 pandemic, it has been able to continue with the same pay-out. At present the pay-out is marginally more than its FFO. This denotes a small part of its dividend is financed from capital, primarily from the sale proceeds of office properties. The company also possesses a high degree of liquid assets of $4 billion, including $1.8 billion of cash, restricted cash and investments in US treasury bills. Impact of Inflation, Interest Rates, and Looming Recession Commercial real estate, such as retail spaces, hotels, and office buildings, takes years to be developed and operationalised. In case the demand for retail spaces shoots up, as happened at the end of 2021, rent of retail properties shifts upwards, as it is not possible to meet the supply in the short term. Also, the properties are likely to witness full occupancy. This is what happened to Alexander's, Inc. The company has retail properties and parking spaces in prime locations, which surely will continue the steady flow of revenues. Office REITs, however, are having a difficult time due to the rising popularity of the work from home options. Alexander's, Inc. is already facing a low occupancy, as well as prospective lease termination in the coming years. The present value of the estimated additional lease liability is expected to reduce Alexander's earnings by $21 million this year. With the current market volatility and rising interest rates, the financing markets are also in an uncertain situation.
Seeking Alpha • Mar 20

Alexander's: Trading At ~69% Of NAV, Yields 7.1% And Insiders Own >50%

Alexander's is an under-the-radar $1.28 billion NYC REIT that trades below private market value. It is currently trading at ~69% of NAV. As you wait for the discount to close, you can snack on a 7% yield. Insiders are aligned and own >50% of the stock.
Seeking Alpha • Sep 07

Alexander's: An Excellent Value Stock Currently Yielding 7%

Alexander's owns iconic properties in the NYC region, and is seeing signs of a rebound. Yet its stock trades in value territory. If the recent City Office transaction is any indication, it could mean a public and private market price dislocation for Alexander's as well. I also highlight the balance sheet, dividends, and other points worth considering.

Aufschlüsselung der Einnahmen und Ausgaben

Wie Alexander's Geld verdient und ausgibt. Basierend auf den neuesten gemeldeten Einnahmen der letzten zwölf Monate.

Gewinn- und Umsatzhistorie

NYSE:ALX Einnahmen, Ausgaben und Erträge (USD Millions)
DatumEinnahmenGewinnAllgemeine und VerwaltungskostenF&E-Ausgaben
30 Jun 2621517080
31 Mar 262122170
31 Dec 252132870
30 Sep 252163760
30 Jun 252183760
31 Mar 252204070
31 Dec 242264370
30 Sep 242334770
30 Jun 242335270
31 Mar 2423310760
31 Dec 2322510260
30 Sep 232159960
30 Jun 2321310460
31 Mar 232105460
31 Dec 222065860
30 Sep 2220212060
30 Jun 2219811660
31 Mar 2219912760
31 Dec 2120613160
30 Sep 212137460
30 Jun 212076960
31 Mar 212015560
31 Dec 201994260
30 Sep 201993860
30 Jun 202134860
31 Mar 202244760
31 Dec 192266060
30 Sep 192285660
30 Jun 192295460
31 Mar 192326050
31 Dec 182335750
30 Sep 182336550
30 Jun 182327050
31 Mar 182317350
31 Dec 172318150
30 Sep 172308450
30 Jun 172298550
31 Mar 172298650
31 Dec 162278650
30 Sep 162238850
30 Jun 162188650
31 Mar 162118150
31 Dec 152087750
30 Sep 152067150

Qualität der Erträge: ALX hat einen großen einmalig Gewinn von $148.0M verbucht, der sich auf die Finanzergebnisse der letzten 12 Monate bis zum 30th June, 2026 auswirkt.

Wachsende Gewinnspanne: ALXDie aktuellen Gewinnspannen (79.1%) sind höher als im letzten Jahr (17.1%).

Analyse von freiem Cashflow und Gewinn

Analyse des Gewinnwachstums in der Vergangenheit

Ergebnisentwicklung: ALXDie Erträge des Unternehmens sind in den letzten 5 Jahren um 13.1% pro Jahr zurückgegangen.

Beschleunigtes Wachstum: ALXDas Gewinnwachstum des Unternehmens im letzten Jahr (354.2%) übertrifft seinen 5-Jahres-Durchschnitt (-13.1% pro Jahr).

Erträge im Vergleich zur Industrie: ALX Das Gewinnwachstum im vergangenen Jahr (354.2%) übertraf das der Branche Retail REITs 29% .

Eigenkapitalrendite

Hohe Eigenkapitalrendite: Die Eigenkapitalrendite von ALX(75.94%) ist zwar hervorragend, doch ist diese Kennzahl aufgrund der hohen Verschuldung des Unternehmens verzerrt.

Kapitalrendite

Rendite auf das eingesetzte Kapital

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Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2026/09/13 10:38
Aktienkurs zum Tagesende2026/09/11 00:00
Gewinne2026/06/30
Jährliche Einnahmen2025/12/31

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

Analysemodell und Schneeflocke

Details zum Analysemodell, mit dem dieser Bericht erstellt wurde, finden Sie auf unserer Github-Seite; außerdem bieten wir Leitfäden zur Nutzung unserer Berichte und Tutorials auf Youtube an.

Erfahren Sie mehr über das , das das Simply Wall St-Analysemodell entworfen und entwickelt hat.

Metriken für Industrie und Sektor

Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.

Analysten-Quellen

Alexander's, Inc. wird von 1 Analysten beobachtet. 1 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.

AnalystEinrichtung
Alexander GoldfarbPiper Sandler Companies