Alexander's (ALX) Panoramica del titolo

Alexander's, Inc. è un fondo di investimento immobiliare (REIT) che si occupa di locazione, gestione, sviluppo e riqualificazione di immobili. Maggiori dettagli

ALX analisi fondamentale
Punteggio fiocco di neve
Valutazione	3/6
Crescita futura	0/6
Prestazioni passate	3/6
Salute finanziaria	2/6
Dividendi	4/6

Premi

Il rapporto prezzo/utile ( 8 x) è inferiore al mercato US ( 19.1 x)

Gli utili sono cresciuti del 354.2% nell'ultimo anno

Negoziato a un buon valore rispetto ai pari e al settore

Analisi del rischio

Si prevede che gli utili diminuiranno in media di 76.4% all'anno per i prossimi 3 anni

I pagamenti degli interessi non sono ben coperti dagli utili

Il dividendo di 6.79% non è ben coperto dagli utili o dai flussi di cassa liberi

Grandi elementi una tantum che incidono sui risultati finanziari

ALX Community Fair Values

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Concorrenti di Alexander's, Inc.

Storia dei prezzi e prestazioni

Riepilogo dei massimi, dei minimi e delle variazioni dei prezzi delle azioni per Alexander's
Prezzi storici delle azioni
Prezzo attuale dell'azione	US$265.03
Massimo di 52 settimane	US$289.43
Minimo di 52 settimane	US$201.28
Beta	0.74
Variazione di 1 mese	-3.25%
Variazione a 3 mesi	5.09%
Variazione di 1 anno	15.18%
Variazione a 3 anni	40.76%
Variazione a 5 anni	-0.35%
Variazione dall'IPO	1,140.67%

Notizie e aggiornamenti recenti

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

Recent updates

Seeking Alpha • Aug 05

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

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.

Rendimenti per gli azionisti

	ALX	US Retail REITs	US Mercato
7D	-0.8%	-0.8%	-1.2%
1Y	15.2%	14.0%	18.3%

Ritorno vs Industria: ALX ha superato il US Retail REITs che ha restituito 14 % nell'ultimo anno.

Rendimento vs Mercato: ALX ha avuto una performance inferiore al mercato US che ha registrato un rendimento 18.3 % nell'ultimo anno.

Volatilità dei prezzi

Is ALX's price volatile compared to industry and market?
ALX volatility
ALX Average Weekly Movement	3.7%
Retail REITs Industry Average Movement	2.9%
Market Average Movement	7.2%
10% most volatile stocks in US Market	16.4%
10% least volatile stocks in US Market	3.1%

Prezzo delle azioni stabile: ALX non ha avuto una volatilità dei prezzi significativa negli ultimi 3 mesi rispetto al mercato US.

Volatilità nel tempo: La volatilità settimanale ( 4% ) di ALX è rimasta stabile nell'ultimo anno.

Informazioni sull'azienda

Fondato	I dipendenti	AMMINISTRATORE DELEGATO	Sito web
1928	103	Steve Roth	www.alx-inc.com

Alexander's, Inc. è un fondo di investimento immobiliare (REIT) che si occupa di locazione, gestione, sviluppo e riqualificazione di immobili. Le attività di Alexander's sono condotte attraverso il suo gestore, Vornado Realty Trust. Alexander possiede cinque proprietà nell'area metropolitana di New York, tra cui: 731 Lexington Avenue, uffici e negozi (tra cui la sede mondiale di Bloomberg, L.P.), il complesso Rego Center a Rego Park, nel Queens, che comprende i negozi Rego Park I e II e la torre di appartamenti The Alexander, e una proprietà al dettaglio situata a Flushing, NY.

Alexander's, Inc. Riepilogo dei fondamenti

Come si confrontano gli utili e i ricavi di Alexander's con la sua capitalizzazione di mercato?
ALX statistiche fondamentali
Capitalizzazione di mercato	US$1.35b
Utili (TTM)	US$169.82m
Ricavi(TTM)	US$214.80m

8.0x

Rapporto P/E

6.3x

Rapporto P/S

ALX è sopravvalutato?

Vedi Fair Value e analisi di valutazione

Utili e ricavi

Statistiche chiave sulla redditività dall'ultima relazione sugli utili (TTM)
ALX Conto economico (TTM)
Ricavi	US$214.80m
Costo del fatturato	US$110.60m
Profitto lordo	US$104.20m
Altre spese	-US$65.61m
Utili	US$169.82m

Ultimi utili riportati

Jun 30, 2026

Prossima data di guadagno

n/a

Utile per azione (EPS)	33.25
Margine lordo	48.51%
Margine di profitto netto	79.06%
Rapporto debito/patrimonio netto	373.2%

Come si è comportato ALX nel lungo periodo?

Vedi performance storica e confronto

Dividendi

6.8%

Rendimento attuale del dividendo

164%

Rapporto di remunerazione

ALX paga dividendi affidabili?

Vedere la storia dei dividendi e i benchmark di ALX

Quando è necessario acquistare ALX per ricevere un dividendo imminente?
Alexander's date dei dividendi
Data di stacco del dividendo	Aug 10 2026
Data di pagamento dei dividendi	Aug 28 2026
Giorni fino al dividendo Ex	14 days
Giorni prima della data di pagamento dei dividendi	4 days

ALX paga dividendi affidabili?

Vedere la storia dei dividendi e i benchmark di ALX

Analisi aziendale e situazione dei dati finanziari

Dati	Ultimo aggiornamento (ora UTC)
Analisi dell'azienda	2026/08/24 10:10
Prezzo dell'azione a fine giornata	2026/08/21 00:00
Utili	2026/06/30
Utili annuali	2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

Pacchetto	Dati	Tempistica	Esempio Fonte USA ^*
Dati finanziari della società	10 anni	Conto economico Rendiconto finanziario Bilancio	Modulo SEC 10-K Modulo SEC 10-Q
Stime di consenso degli analisti	+3 anni	Previsioni finanziarie Obiettivi di prezzo degli analisti	Rapporti di ricerca degli analisti Blue Matrix
Prezzi di mercato	30 anni	Prezzi delle azioni Dividendi, scissioni e azioni	Dati di mercato ICE Modulo SEC S-1
Proprietà	10 anni	Top azionisti Insider trading	Modulo 4 SEC Modulo 13D SEC
Gestione	10 anni	Team di leadership Consiglio di amministrazione	Modulo SEC 10-K Modulo SEC DEF 14A
Sviluppi principali	10 anni	Annunci aziendali	Modulo 8-K SEC

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina GitHub; abbiamo anche delle guide su come utilizzare i nostri report e dei tutorial su YouTube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Alexander's, Inc. è coperta da 1 analisti. 1 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

Analista	Istituzione
Alexander Goldfarb	Piper Sandler Companies

Alexander's (ALX) Panoramica del titolo

Premi

Analisi del rischio

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Concorrenti di Alexander's, Inc.

Saul Centers

CBL & Associates Properties

CIM Group

Getty Realty

Storia dei prezzi e prestazioni

Notizie e aggiornamenti recenti

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

Alexander’s Net Income Jumps on Property Sale in Second Quarter 2026

New major risk - Revenue and earnings growth

Alexander's, Inc. Announces Quarterly Dividend, Payable on August 28, 2026

Alexander's, Inc. to Report Q2, 2026 Results on Aug 03, 2026

Price target increased by 18% to US$212

Recent updates

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

Alexander’s Net Income Jumps on Property Sale in Second Quarter 2026

New major risk - Revenue and earnings growth

Alexander's, Inc. Announces Quarterly Dividend, Payable on August 28, 2026

Alexander's, Inc. to Report Q2, 2026 Results on Aug 03, 2026

Price target increased by 18% to US$212

Alexander’s Sells Rego Park I in Queens to Northwell Health With $148 Million Gain

First quarter 2026 earnings released: EPS: US$0.91 (vs US$2.40 in 1Q 2025)

Fourth quarter dividend of US$4.50 announced

Alexander's, Inc. announces Quarterly dividend, payable on May 29, 2026

Alexander's, Inc. to Report Q1, 2026 Results on May 04, 2026

Alexander's, Inc., Annual General Meeting, May 21, 2026

Full year 2025 earnings released: FFO per share: US$12.3 (vs US$15.19 in FY 2024)

Third quarter dividend of US$4.50 announced

Alexander's, Inc. Declares Quarterly Dividend, Payable on February 27, 2026

Alexander's, Inc. to Report Q4, 2025 Results on Feb 09, 2026

Price target increased by 9.1% to US$180

Third quarter 2025 earnings released: FFO per share: US$2.9 (vs US$2.84 in 3Q 2024)

Second quarter dividend of US$4.50 announced

Alexander's, Inc. Declares Quarterly Dividend, Payable on November 28, 2025

Alexander's, Inc. to Report Q3, 2025 Results on Nov 03, 2025

Second quarter 2025 earnings released: EPS: US$1.19 (vs US$1.63 in 2Q 2024)

First quarter dividend of US$4.50 announced

Alexander's, Inc. Declares Quarterly Dividend, Payable on August 29, 2025

Alexander's, Inc. to Report Q2, 2025 Results on Aug 04, 2025

First quarter 2025 earnings released: EPS: US$2.40 (vs US$3.14 in 1Q 2024)

Fourth quarter dividend of US$4.50 announced

Alexander's, Inc. to Report Q1, 2025 Results on May 05, 2025

Alexander's: Is The Dividend Safe?

Alexander's, Inc., Annual General Meeting, May 22, 2025

Full year 2024 earnings released: EPS: US$8.47 (vs US$19.97 in FY 2023)

Third quarter dividend of US$4.50 announced

Alexander's, Inc. Declares Quarterly Dividend on Common Shares, Payable on February 28, 2025

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

Alexander's, Inc. to Report Q4, 2024 Results on Feb 10, 2025

Alexander's, Inc. Announces Resignation of Richard West from Board of Directors and Chair of the Audit and Compensation Committee, Effective January 1, 2025

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

Third quarter 2024 earnings released: EPS: US$1.30 (vs US$2.10 in 3Q 2023)

Second quarter dividend of US$4.50 announced

Alexander's, Inc. Declares Quarterly Dividend, Payable on November 29, 2024

Alexander's, Inc. to Report Q3, 2024 Results on Nov 04, 2024

Second quarter 2024 earnings released: EPS: US$1.63 (vs US$12.51 in 2Q 2023)

Price target decreased by 14% to US$125

First quarter dividend of US$4.50 announced

Alexander's, Inc. Declares Quarterly Dividend, Payable on August 30, 2024

Alexander's, Inc. to Report Q2, 2024 Results on Aug 05, 2024

Alexander's Inc.: Numerous Signs Of Distress

First quarter 2024 earnings released: EPS: US$3.14 (vs US$2.19 in 1Q 2023)

Fourth quarter dividend of US$4.50 announced

Alexander's, Inc. Declares Quarterly Dividend on Common Shares, Payable on May 31, 2024

Alexander's, Inc. to Report Q1, 2024 Results on May 06, 2024

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

Full year 2023 earnings released: FFO per share: US$15.8 (vs US$16.99 in FY 2022)

Alexander's, Inc. Declares Quarterly Dividend, Payable on March 1, 2024

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

Alexander's, Inc. to Report Q4, 2023 Results on Feb 12, 2024

Alexander's 10% Yield Seems Compelling But Faces Headwinds

Third quarter 2023 earnings released: EPS: US$2.10 (vs US$2.95 in 3Q 2022)

Alexander's, Inc. Declares Regular Quarterly Dividend, Payable on November 17, 2023

Price target increased by 7.1% to US$150

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

New minor risk - Earnings quality