Alexander's, Inc. (ALX)

In the past six months, Alexander's announced its third-quarter financial results on November 3, 2025, reporting net income of $6.0 million, or $1.16 per share, and Funds from Operations (FFO) of $2.91 per diluted share, beating consensus estimates. In October 2025, Alexander's declared a regular quarterly dividend of $4.50 per share, paid on November 28, 2025. In December 2025, Alexander's completed a $175 million refinancing of Rego Park II and restructured the retail loan at 731 Lexington Avenue. In January 2026, Alexander's shares crossed below its 200-day moving average, and analysts have issued "Hold" ratings, with concerns about dividend sustainability. The stock experienced fluctuations, including a 5.00% increase on January 8, 2026. For the trailing twelve months (TTM) ended September 30, 2025, total revenue was approximately $215.84 million, with a decreasing trend in rental revenues year-over-year. Net income for the nine months ended September 30, 2025, was $24.4 million, a decrease from the same period in 2024.

Demand seasonality is not a significant factor for Alexander's, Inc., as its revenue streams are primarily driven by stable, long-term rental income.

Alexander's, Inc. (ALX) is a real estate investment trust (REIT) focused on leasing, management, development, and redevelopment of properties within the Real Estate sector, specifically Retail and Commercial REITs. Vornado Realty Trust manages Alexander's activities. Its major properties include 731 Lexington Avenue, the Rego Center complex, and a retail property in Flushing, NY. The company generates revenue from long-term leases, often triple-net, providing stable cash flow.

Alexander's, Inc. has a concentrated geographic footprint, with all its properties located in the greater New York City metropolitan area, including key assets in Manhattan and Queens.

Alexander's, Inc.'s brand reputation is tied to its financial stability, asset management, and relationships with high-profile tenants. The company has demonstrated stability through long-term lease agreements, such as the extension of Bloomberg L.P.'s lease until February 2040. While financial reports indicate a decline in net income and rental revenues in some periods, the company maintains high occupancy rates for its commercial (94.8%) and residential (98.7%) properties. Analyst ratings generally reflect a "Hold" stance.

Alexander's, Inc. has a concentrated ownership structure, with a significant portion held by insiders and institutional investors. David Mandelbaum is the largest individual shareholder, owning 26.67% of the company. Other major individual and insider owners include Russell B. Wight Jr. (18.85%) and Steven Roth (17.97%). Interstate Properties also holds a substantial stake (9.85%). Institutional shareholders hold approximately 33.37% of the company, including Vanguard Group Inc., Goldman Sachs Group Inc., and BlackRock, Inc. Vornado Realty Trust holds approximately 32.4% ownership and manages the company's operations.