Alexander's, Inc.

NYSE:ALX Aktierapport

Börsvärde: US$1.3b

Alexander's Förvaltning

Förvaltning kriterier kontrolleras 3/4

Vi har för närvarande inte tillräcklig information om VD:n.

Viktig information

Steve Roth

Verkställande direktör

US$195.7k

Total ersättning

VD-lön i procentn/a
Anställning som VD31.2yrs
Ägande av VD3.2%
Ledningens genomsnittliga anställningstidinga uppgifter
Styrelsens genomsnittliga mandatperiod31yrs

Senaste uppdateringar av ledningen

Recent updates

Seeking Alpha • Dec 19

Alexander's: Fed Tailwinds Drive FFO Growth

Summary Alexander's, Inc. is a commercial REIT managing five properties in New York, with Bloomberg accounting for 60% of revenues. ALX's Q3 2025 results show FFO growth of 2.5%, principally driven by lower funding costs, which more than offset a drop in net operating income. Looking ahead to Q4 2025 and 2026, I see ALX's net operating income returning to growth thanks to recent occupancy gains. I anticipate ALX 2026 FFO to land in a range of $12.00-12.50/share, with growth principally stemming from 2025 Fed cuts. Key risks in the investment case include outsized exposure to Bloomberg and New York State, which are easily addressed by holding ALX as part of a broader REIT portfolio. 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.
Analysartikel • Dec 29

Is Alexander's, Inc.'s (NYSE:ALX) 18% ROE Better Than Average?

Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

VD OCH KONCERNCHEF

Steve Roth (83 yo)

31.2yrs
Anställning
US$195,744
Kompensation

Mr. Steven Roth, also known as Steve, serves as Chairman of the Board and Chief Executive Officer of Vornado Realty Trust. He has been Chairman of the Board since May 1989 and Chairman of the Executive Com...

Styrelseledamöter

NamnPositionAnställningKompensationÄgarskap
Steven Roth
Chairman of the Board & CEO37.3yrsUS$195.74k3.19%
$ 40.8m
David Mandelbaum
Independent Director31yrsUS$200.74k4.07%
$ 51.9m
Russell Wight
Independent Director31yrsUS$199.74k8.88%
$ 113.4m
Thomas DiBenedetto
Independent Director42yrsUS$220.74kinga uppgifter
Arthur Sonnenblick
Independent Director42yrsUS$200.74k0.0014%
$ 17.2k
Mandakini Puri
Independent Director6.2yrsUS$205.54kinga uppgifter
Wendy Silverstein
Independent Director11.1yrsUS$221.30kinga uppgifter
31.0yrs
Genomsnittlig anställningstid
83yo
Genomsnittlig ålder

Erfaren styrelse: ALX s styrelse är rutinerade och erfaren ( 31 års genomsnittlig mandatperiod).

Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/05/22 21:39
Aktiekurs vid dagens slut2026/05/22 00:00
Intäkter2026/03/31
Årlig intjäning2025/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som användes för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och tutorials på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Alexander's, Inc. bevakas av 1 analytiker. 1 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
Alexander GoldfarbPiper Sandler Companies