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Alexander's (ALX) AI Stock Analysis
Alexander's
(NYSE:ALX)
Overall score reflects meaningful financial risk: high leverage and a TTM reversal to negative operating and free cash flow weigh heavily despite improving TTM revenue growth and strong reported profitability. Technicals are also weak with the stock below major moving averages. Valuation is a clear positive, supported by a low P/E and high dividend yield, partially offsetting the financial and trend concerns.
Alexander's (ALX) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.23B
- Dividend Yield
- 7.20%
- Average Volume (3M)
- 43.44K
- Price to Earnings (P/E)
- 6.7
- Beta (1Y)
- 0.56
- Revenue Growth
- 8.15%
- EPS Growth
- 421.08%
- Country
- US
- Employees
- 103
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Retail
Alexander's Business Overview & Revenue Model
Company Description
Alexander’s, Inc. is a real estate investment trust (REIT) engaged in leasing, managing, developing and redeveloping properties. Alexander’s activities are conducted through its manager, Vornado Realty Trust. Alexander’s has five properties in the gr...
How the Company Makes Money
Alexander's makes money primarily through real estate leasing revenue from its portfolio of commercial properties. Its core revenue stream is rental income earned under leases with tenants occupying its office and retail space; this typically include...
Alexander's Earnings Call Summary
The earnings call highlighted strong leasing activity, significant stock price increase, and successful redevelopment projects, particularly in the Penn District. However, the call also acknowledged a decline in comparable FFO, a slightly negative outlook for 2025, and the impact of high short-term interest rates on financial performance. Overall, the highlights suggest confidence in long-term growth, while the lowlights indicate short-term financial challenges.
Q4-2024 Updates
Positive Updates
Negative Updates
Company Guidance
During the Vornado Realty Trust Fourth Quarter 2024 Earnings Conference Call, management highlighted several key metrics reflecting the company's positive trajectory. The company achieved a 49% increase in stock price for 2024, following a 35% rise in 2023. Leasing activity was robust, with 3.34 million square feet leased, including 2.65 million square feet of New York office space at an average starting rent of $104 per square foot. The office occupancy rate increased to 88.8%, and is expected to rise to 92.1% with the upcoming NYU master lease at 770 Broadway. Vornado also achieved 100% LEED certification across its portfolio. The company anticipates significant earnings growth by 2027, driven by positive market dynamics and leasing activity, despite predicting slightly lower results for 2025 compared to 2024.
Alexander's Financial Statement Overview
Summary
Income statement is solid (TTM revenue growth +8.7% and very strong reported margins), but the balance sheet is highly leveraged (debt-to-equity ~4.3x–8.6x historically) and TTM cash flow has deteriorated sharply with negative operating cash flow and free cash flow (about -$20.8M and -$27.3M). Strong headline earnings are offset by leverage risk and near-term cash pressure.
Income Statement
74PositiveBalance Sheet
48NeutralCash Flow
34Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 233.43M | 213.18M | 226.37M | 224.96M | 205.81M | 206.15M |
| Gross Profit | 132.30M | 34.24M | 226.37M | 123.75M | 205.81M | 206.15M |
| EBITDA | 273.08M | 117.99M | 144.16M | 119.12M | 117.69M | 184.86M |
| Net Income | 191.25M | 28.22M | 43.44M | 102.41M | 57.63M | 132.93M |
Balance Sheet | ||||||
| Total Assets | 1.20B | 1.11B | 1.34B | 1.40B | 1.40B | 1.39B |
| Cash, Cash Equivalents and Short-Term Investments | 299.79M | 128.17M | 338.53M | 531.86M | 461.90M | 463.54M |
| Total Debt | 837.16M | 943.07M | 1.10B | 1.09B | 1.09B | 1.09B |
| Total Liabilities | 970.42M | 1.00B | 1.16B | 1.17B | 1.16B | 1.14B |
| Stockholders Equity | 227.89M | 109.16M | 176.86M | 237.66M | 236.50M | 252.59M |
Cash Flow | ||||||
| Free Cash Flow | -27.31M | 73.44M | 54.11M | 109.11M | 102.55M | 118.47M |
| Operating Cash Flow | -20.83M | 73.44M | 54.11M | 109.11M | 102.55M | 118.47M |
| Investing Cash Flow | 391.97M | -20.79M | -13.22M | 321.81M | -279.27M | 75.46M |
| Financing Cash Flow | -274.13M | -254.27M | -200.03M | -92.42M | -92.31M | -160.29M |
Alexander's Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALX, the sentiment is Positive. The current price of 249.96 is above the 20-day moving average (MA) of 243.05, above the 50-day MA of 249.22, and above the 200-day MA of 246.85, indicating a bullish trend. The MACD of 0.34 indicates Negative momentum. The RSI at 54.54 is Neutral, neither overbought nor oversold. The STOCH value of 34.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ALX.
Alexander's Risk Analysis
Alexander's disclosed 37 risk factors in its most recent earnings report. Alexander's reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksAlexander's Peers Comparison
Overall Rating
SPG82.6Outperform
FRT76Outperform
AKR65Neutral
UE61Neutral- ALX56Neutral
MAC54Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SPG | 83Outperform | $71.86B | 16.16 | 109.38% | 3.89% | 15.01% | -25.41% |
| FRT | 76Outperform | $9.66B | 22.65 | 13.38% | 3.97% | 7.77% | 27.04% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| AKR | 65Neutral | $2.69B | 71.55 | 1.99% | 4.03% | -0.29% | 120.06% |
| UE | 61Neutral | $2.75B | 25.47 | 8.07% | 3.88% | 5.50% | -6.54% |
| ALX | 56Neutral | $1.23B | 6.71 | 180.64% | 7.20% | 8.15% | 421.08% |
| MAC | 54Neutral | $7.29B | -70.00 | -6.63% | 2.63% | 9.48% | 45.78% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| ALX | Alexander's Inc | 249.96 | 38.21 | 18.04% | |
| MAC | Macerich Company | 25.90 | 9.06 | 53.77% | |
| SPG | Simon Property Group | 228.50 | 55.76 | 32.28% | |
| AKR | Acadia Realty Trust | 19.87 | 0.71 | 3.68% | |
| FRT | Federal Realty Investment Trust | 114.63 | 22.69 | 24.68% | |
| UE | Urban Edge Properties | 21.11 | 3.12 | 17.32% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 04, 2026