Alexander's

Alexander's, Inc. operates as a real estate investment trust. The firm engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.

Earnings data Q1 2021

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Alexander's (ALX) reports strong 2022 performance amidst Fed rate challenges

ALX navigated a strong year in 2022 but faces challenges in 2023 due to Fed rate increases impacting business and consumers. The company's focus on New York City and strategic financial decisions position it well for future opportunities. Active negotiations with tenants and ongoing market assessments will be key for ALX's performance.

Vornado Realty Trust navigates challenges, eyes growth in leasing dynamics

Alexander's (ALX) Q1 2023 earnings call highlighted challenges in comparable FFO due to higher interest expenses, alongside strong leasing activity in key sectors.
Vornado Realty Trust emphasized confidence in their financial position, with a focus on selective asset sales and refinancing efforts to maintain a strong balance sheet.
Discussions centered on office market sentiment, asset sales, and strategies for creating shareholder value, highlighting opportunities in leasing dynamics and tenant experience improvements.
The company faces challenges in managing higher interest expenses, market uncertainties, and the transition to post-pandemic office norms, while leveraging opportunities in revenue growth and strategic financial planning.

Alexander's reports robust Q2 performance amidst labor market challenges

ALX's Q2 performance was strong despite challenges in the labor market and lower FFO compared to the previous year.
The company's strategic focus on cash conservation, asset sales, and balance sheet strength positions it well for future growth.
Opportunities lie in rebounding occupancy rates, strong leasing activity in New York, and maintaining shareholder value amidst market challenges.

Vornado Realty Trust resilient in tough markets, eyes growth opportunities

Vornado Realty Trust shows resilience amidst market challenges, with strong leasing activity and strategic growth initiatives.
Challenges in financing markets and debt management require careful navigation, but opportunities in leasing and sustainability are promising.
Stable operations, recognition for sustainability efforts, and a focus on core markets position Vornado for long-term success.
Despite headwinds, Vornado remains optimistic about future growth and is actively managing challenges to drive performance.

Alexander's (ALX) reports resilient Q4 performance amidst interest rate challenges

Alexander's (ALX) navigated Q4 2023 well, leveraging its strong leasing performance and balance sheet strength. Despite challenges from interest rates and market tightening, the company remains optimistic about future growth opportunities in NYC.

Alexander's Q1 2024: Challenges in Financial Performance Amid Lease Renewals

Alexander's Q1 2024 saw financial challenges due to higher expenses and vacancies, with a focus on debt reduction and lease backfilling.
Renewed leases with Vornado Realty Trust and ongoing leasing activity in prime locations highlight revenue stability and growth potential.
Tightened debt covenant metrics and occupancy dips at key properties pose challenges, while opportunities lie in market recovery and asset conversion.
Overall, Alexander's is navigating financial headwinds with strategic initiatives to enhance stability, revenue growth, and asset optimization.

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Alexander's, Inc. is a real estate investment trust company, which engages in leasing, managing, developing, and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.

Alexander's (ALX) came out with quarterly funds from operations (FFO) of $2.84 per share, beating the Zacks Consensus Estimate of $2.57 per share. This compares to FFO of $3.63 per share a year ago.

Alexander's (ALX) Tops Q3 FFO and Revenue Estimates

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 Financial Results

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 November 29, 2024 to stockholders of record on November 11, 2024.

Alexander's Declares Quarterly $4.50 Dividend on Common Shares

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. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 4, 2024, before the New York Stock Exchange opens.

Alexander's Announces Third Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

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 Avenue, the Class A Bloomberg LP headquarters building. The interest-only loan carries a fixed rate of 5.045% and matures in October 2028. The loan is prepayable, at Alexander's option, with no penalty, beginning in October 2026.

Alexander's Completes $400 Million Refinancing of 731 Lexington Avenue Office Condominium

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Alexander's (ALX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Alexander's (ALX) Upgraded to Strong Buy: Here's What You Should Know

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Alexander's (ALX) came out with quarterly funds from operations (FFO) of $3.31 per share, beating the Zacks Consensus Estimate of $2.57 per share. This compares to FFO of $3.55 per share a year ago.

Alexander's (ALX) Beats Q2 FFO and Revenue Estimates

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:

Alexander's Announces Second Quarter Financial Results

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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. Securities and Exchange Commission and issue its second quarter earnings release on Monday, August 5, 2024, before the New York Stock Exchange opens.

Alexander's Announces Second Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

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.

Alexander's Inc.:  Numerous Signs Of Distress

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Alexander's (ALX) came out with quarterly funds from operations (FFO) of $4.98 per share, missing the Zacks Consensus Estimate of $6.41 per share. This compares to FFO of $3.63 per share a year ago.

Alexander's (ALX) Misses Q1 FFO and Revenue Estimates

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 Announces First Quarter Financial Results

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 Will Maintain Nearly One Million Square Feet of Office Space at Iconic Midtown Tower Through 2040

Alexander's, Inc. Extends Bloomberg LP's Global Headquarters Lease at 731 Lexington Avenue Tower Through 2040

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. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 6, 2024, before the New York Stock Exchange opens.

Alexander's Announces First Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

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

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The company operates in two segments: Commercial Banking Wealth Management Services.

News for Alexander's Stock (ALX)