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 Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

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Shareholders of BlackBerry Ltd. ( BB , Financial) and Alexander's Inc. ( ALX , Financial) have seen their assets dramatically decline in value in recent years, underperforming the S&P 500 Index substantially.

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Alexander's, Inc. (ALX) CEO Steven Roth on Q3 2021 Results - Earnings Call Transcript

PARAMUS, N.J., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) announced today that Gary Hansen has been appointed as Chief Financial Officer. Mr. Hansen succeeds Matthew Iocco, who will be retiring after 22 years with Alexander's and its affiliates. Mr. Iocco will remain with Alexander's through December 31, 2021 to assist with the transition.

Alexander's Appoints Gary Hansen as Chief Financial Officer

Alexander's (ALX) delivered FFO and revenue surprises of -14.49% and -9.52%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Alexander's (ALX) Q3 FFO and Revenues Miss Estimates

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Rents Are Absolutely Soaring

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.

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

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Alexander's (ALX) delivered FFO and revenue surprises of -9.65% and -4.84%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Alexander's (ALX) Q2 FFO and Revenues Miss Estimates

PARAMUS, N.J., May 13, 2021 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) announced today that it received notice from IKEA Property, Inc. of its election to exercise its purchase option of the Paramus, New Jersey property. The Company anticipates closing the sale in the fourth quarter of 2021. The purchase price is $75 million and after repayment of the $68 million mortgage, the Company expects to receive net cash proceeds of approximately $6 million after costs. The financial statement gain will be approximately $60 million and the tax gain will be approximately $63 million. The Company does not expect to pay a special dividend related to this transaction.

Alexander's Announces IKEA Exercises its Option to Purchase Paramus Property

Alexander's (ALX) delivered FFO and revenue surprises of 0.20% and 3.41%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

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

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As of late, it has definitely been a great time to be an investor in Alexander's, Inc. (ALX).

Alexander's (ALX) Shares March Higher, Can It Continue?

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Alexander's (ALX) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Alexander's (ALX) Upgraded to Strong Buy: What Does It Mean for the Stock?

Alexander's (ALX) CEO Steven Roth on Q3 2020 Results - Earnings Call Transcript

PARAMUS, N.J., Oct. 26, 2020 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) announced today that it has completed a $94 million financing of The Alexander, a 312-unit residential building that is part of the Company's residential and retail complex located in Rego Park, Queens, New York. The seven-year interest only loan matures in November 2027 and has a fixed rate of 2.63%.

Alexander's Completes $94 Million Financing of a Residential Building

News for Alexander's Stock (ALX)