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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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.

PARAMUS, N.J., Sept.  14, 2020  (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) announced today that it has amended a $350 million mortgage loan on the retail condominium of 731 Lexington Avenue in Manhattan. Under the terms of the amendment, the Company paid down the loan by $50 million to $300 million, extended the maturity date of the loan through August 2025 and guaranteed the interest payments and certain leasing costs. The principal of the loan is non-recourse to the Company. The interest only loan remains at the same rate, LIBOR plus 1.40% (currently 1.55%).

Alexander’s Amends Retail Loan at 731 Lexington Avenue

Alexander's, Inc. (ALX) CEO Steven Roth on Q2 2020 Results - Earnings Call Transcript

Alexander's (ALX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Alexander's (ALX) Moves to Buy: Rationale Behind the Upgrade

Alexander's (ALX) delivered FFO and revenue surprises of 55.31% and -15.94%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Alexander's (ALX) Tops Q2 FFO Estimates

PARAMUS, N.J., Aug.  03, 2020  (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2020 today and reported:

Alexander’s Announces Second Quarter Financial Results

PARAMUS, N.J., July  29, 2020  (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 August 21, 2020 to stockholders of record on August 10, 2020.

Alexander’s Declares Quarterly $4.50 Dividend on Common Shares

PARAMUS, N.J., July  14, 2020  (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (NYSE: ALX) today announced that Vornado Realty Trust (NYSE: VNO), the manager which conducts Alexander’s operations, will host a quarterly earnings conference call and an audio webcast on Tuesday, August 4, 2020 at 10:00 a.m. Eastern Time (ET). On the call, information concerning Alexander’s may be discussed.

Alexander’s Announces Vornado Realty Trust  Quarterly Conference Call

Alexander's, Inc. (ALX) CEO Steven Roth on Q1 2020 Results - Earnings Call Transcript

Alexanders - Discounted New York Real Estate With An Upcoming Rent Raise

PARAMUS, N.J., Jan.  15, 2020  (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 February 14, 2020 to stockholders of record on January 27, 2020.

Alexander’s Declares Quarterly $4.50  Dividend on Common Shares

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Our year-end roundtable rolls into 2020 with a look at small-cap investing.

Turning Over More Rocks For Small Caps In 2020

PARAMUS, N.J., Oct.  28, 2019  (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended September 30, 2019 today and reported:

Alexander’s Announces Third Quarter Financial Results

PARAMUS, N.J., Oct.  24, 2019  (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 18, 2019 to stockholders of record on November 4, 2019.

Alexander’s Declares Quarterly $4.50 Dividend on Common Shares.

PARAMUS, N.J., Sept.  24, 2019  (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) announced today that it has completed a 10-year lease with IKEA for 112,500 square feet at its Rego Park I shopping center located on Queens Boulevard and 63rd Road in Queens, New York. The IKEA store will be the first U.S. location for IKEA’s new, urban format and replaces a significant portion of the space formerly occupied by Sears.

Alexander's Leases 112,500 Square Feet to IKEA at its Rego Park I Shopping Center

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