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

Earnings data Q2 2021

Earnings data Q3 2021

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.

Alexander's, Inc. (NYSE:ALX ) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET Company Participants Steve Borenstein - Senior Vice President & Corporate Counsellor Steven Roth - Chairman & Chief Executive Officer Michael Franco - President & Chief Financial Officer Glen Weiss - Executive Vice President, Office Leasing & Co-Head of Real Estate Conference Call Participants Steve Sakwa - Evercore Alexander Goldfarb - Piper Sandler Michael Griffin - Citi John Kim - BMO Capital Camille Bonnel - Bank of America Daniel Ismail - Green Street Derek Johnston - Deutsche Bank Vikram Malhotra - Mizuho Anthony Paolone - JPMorgan Nick Yulico - Scotiabank Ronald Kamdem - Morgan Stanley Operator Good morning, and welcome to the Vornado Realty Trust First Quarter 2023 Earnings Call. My name is Sarah, and I will be your operator for today's call.

Alexander's, Inc. (ALX) Q1 2023 Earnings Call Transcript

Alexander's (ALX) came out with quarterly funds from operations (FFO) of $3.63 per share, missing the Zacks Consensus Estimate of $3.87 per share. This compares to FFO of $4.25 per share a year ago.

Alexander's (ALX) Q1 FFO and Revenues Lag Estimates

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U.S. equity markets tumbled this week after the sudden collapse of a pair of technology-focused banks sparked concerns over financial stability and overshadowed a generally solid slate of employment data. Effectively erasing all of its gains for the year and posting its worst week since September 2022, the S&P 500 dipped 4.5% while the Mid-Cap and Small-Cap benchmarks plunged 7%.

Failure Fallout

PARAMUS, N.J., March 08, 2023 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) announced today that it has entered into an agreement to sell the Rego Park III land parcel adjacent to its Rego Park II shopping center, located in Queens, New York, for $71 million inclusive of consideration for Brownfield tax benefits and reimbursement of costs for plans, specifications and improvements to date. The property consists of 670,000 buildable square feet located in an Opportunity Zone, vested for the 421a Affordable New York Housing Program and eligible to receive Brownfield tax credits. There will be a financial statement gain of approximately $54 million.

Alexander's to Sell Rego Park III

The heavy selling pressure might have exhausted for Alexander's (ALX) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -12.79% in 4 Weeks, Here's Why Alexander's (ALX) Looks Ripe for a Turnaround

Alexander's (ALX) Loses -12.38% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Alexander's, Inc. is a REIT managing six properties in the New York City Metropolitan Area, one of which is home to Bloomberg L.P. A double usual debt/EBITDA of 10.7 raises red flags for the company and threatens its credit ratings.

Alexander's, Inc.: Increasing Profits Do Not Always Lead To Stock Growth

Alexander's (ALX) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Bears are Losing Control Over Alexander's (ALX), Here's Why It's a 'Buy' Now

Alexander's (ALX) delivered FFO and revenue surprises of -1.23% and 2.60%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Alexander's (ALX) Q4 FFO Lag Estimates

PARAMUS, N.J., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its annual report on Form 10-K for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission and issue its fourth quarter and full year earnings release on Monday, February 13, 2023, before the New York Stock Exchange opens.

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

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Alexander's, Inc. is a real estate investment trust with six properties in New York city. As soon as more equity investors learn about the expectations in the financial community, I would expect demand for the stock to increase.

Alexander's: Rich Tenants Like Costco And Cash Flow Generation

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Alexander's (ALX) delivered FFO and revenue surprises of 4.35% and 0.35%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Alexander's (ALX) Q2 FFO Top Estimates

Shares two potential strategies to address ALX's underperformance Looks forward to shareholder feedback and stands ready to work constructively with the Board to find a value-maximizing outcome for shareholders NEW YORK , July 27, 2022 /PRNewswire/ -- Lionbridge Capital, LP (together with its affiliates, "Lionbridge"), an alternative investment management firm and significant shareholder of Alexander's Inc. ("Alexander's," "ALX" or the "Company") (NYSE: ALX), today issued an open letter to Alexander's shareholders outlining its views and concerns regarding the current state of the Company's affairs.  Lionbridge has been engaged in a private dialogue with the board of directors in effort to address the issues hindering the stock performance.

Lionbridge Issues Open Letter to Alexander's Shareholders

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.

Alexander's: Bottom Fishing On This Commercial REIT Could Be Risky

Alexander's, Inc. (NYSE:ALX ) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET Company Participants Steven Borenstein - SVP & Corporate Counsellor Steven Roth - Chairman and CEO Michael Franco - President and CFO Conference Call Participants Michael Bilerman - Citigroup Jamie Feldman - Bank of America Steve Sakwa - Evercore ISI John Kim - BMO Capital Markets Alexander Goldfarb - Piper Sandler Daniel Ismail - Green Street Ronald Kamdem - Morgan Stanley Caitlin Burrows - Goldman Sachs Operator Welcome to the Vornado Realty Trust Earnings and Webcast for the First Quarter of 2022. My name is Vanessa and I will be your operator for today's call.

Alexander's, Inc. (ALX) CEO Steven Roth on Q1 2022 Results - Earnings Call Transcript

Alexander's (ALX) delivered FFO and revenue surprises of 0.71% and 1.96%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Alexander's (ALX) Tops Q1 FFO Estimates

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Alexander's is an under-the-radar $1.28 billion NYC REIT that trades below private market value.

Alexander's: Trading At ~69% Of NAV, Yields 7.1% And Insiders Own >50%

Alexander's (ALX) delivered FFO and revenue surprises of -1.40% and 0.49%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Alexander's (ALX) Lags Q4 FFO and Revenue Estimates

News for Alexander's Stock (ALX)