Alexander's (ALX) AI Stock Analysis

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Alexander's

(NYSE:ALX)

64Neutral

Alexander's overall stock score of 64 reflects its strong operational efficiency and robust leasing activity, as highlighted in the earnings call. However, high leverage, declining revenue, and a high P/E ratio present risks. Despite these challenges, a solid dividend yield and positive technical indicators provide some support for the stock.

Alexander's (ALX) vs. S&P 500 (SPY)

Market Cap

$1.13B

Dividend Yield8.1%

Average Volume (3M)16.31K

Price to Earnings (P/E)28.8

Beta (1Y)0.66

Revenue Growth-5.79%

EPS Growth-63.07%

CountryUS

Employees90

SectorReal Estate

Sector Strength67

IndustryREIT - Retail

Share Statistics

EPS (TTM)4.06

Shares Outstanding5,107,290

10 Day Avg. Volume24,082

30 Day Avg. Volume16,311

Financial Highlights & Ratios

PEG Ratio-3.15

Price to Book (P/B)0.00

Price to Sales (P/S)0.00

P/FCF Ratio27.65

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

Alexander's Business Overview & Revenue Model

Company DescriptionAlexander's, Inc. is a real estate investment trust which has seven properties in the greater New York City metropolitan area.

How the Company Makes MoneyAlexander's, Inc. generates revenue primarily through leasing its commercial properties. The company earns rental income from its tenants, which include retail stores, office spaces, and other commercial entities. Additionally, ALX may increase its revenue through strategic property development and redevelopment projects that enhance the value of its real estate holdings. The company benefits from its strategic location in high-demand areas, which helps maintain high occupancy rates and competitive rental pricing. As a REIT, Alexander's must distribute a significant portion of its taxable income to shareholders in the form of dividends, aligning its business model to focus on regular income generation and value appreciation of its assets.

Alexander's Financial Statement Overview

Summary

Alexander's financial performance shows strengths in cash flow generation and debt reduction, but the complete halt in revenue and declining equity base are significant concerns that could impact future growth.

Income Statement

Positive

The income statement shows fluctuating revenue trends with a recent significant drop in total revenue to zero in the latest year, impacting profitability metrics. Historical data indicates stable gross profit margins and improving net income in prior years, but the current lack of revenue presents a substantial risk.

Balance Sheet

Positive

The balance sheet exhibits a strong equity position with zero debt in the most recent period, enhancing financial stability. However, the consistently high total liabilities relative to assets and a declining equity base over recent years could constrain future growth.

Cash Flow

Positive

Cash flow statements reveal strong operating cash flows and free cash flow generation, which are key strengths. However, decreasing cash flow from operations in the latest period, coupled with significant financing outflows, may pressure liquidity.

TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
219.89M	226.37M	224.96M	205.81M	206.15M	199.14M
	Gross Profit
97.80M	85.91M	123.75M	115.37M	185.01M	110.74M
	EBIT
77.02M	81.83M	117.41M	86.23M	76.84M	74.74M
	EBITDA
120.56M	116.61M	117.41M	117.69M	111.43M	109.86M
	Net Income Common Stockholders
39.65M	43.44M	102.41M	29.03M	132.93M	17.73M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
319.90M	338.53M	531.86M	461.90M	463.54M	434.73M
	Total Assets
430.63M	1.34B	1.40B	1.40B	1.39B	1.40B
	Total Debt
0.00	1.10B	1.11B	1.09B	1.09B	1.16B
	Net Debt
-319.90M	764.61M	581.15M	896.12M	626.07M	727.46M
	Total Liabilities
0.00	1.16B	1.17B	1.16B	1.14B	1.20B
	Stockholders Equity
0.00	176.86M	237.66M	236.50M	252.59M	203.23M
Cash Flow		Free Cash Flow
39.31M	54.11M	109.11M	102.55M	118.47M	78.07M
	Operating Cash Flow
39.31M	54.11M	109.11M	102.55M	118.47M	78.07M
	Investing Cash Flow
-21.93M	-13.22M	321.81M	-279.27M	75.46M	-32.46M
	Financing Cash Flow
-200.83M	-200.03M	-92.42M	-92.31M	-160.29M	90.29M

Alexander's Technical Analysis

Technical Analysis Sentiment

Positive

Last Price222.17

Price Trends

50DMA

205.23

Positive

100DMA

198.20

Positive

200DMA

206.07

Positive

Market Momentum

MACD

4.83

Negative

RSI

69.27

Neutral

STOCH

79.42

Neutral

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 222.17 is above the 20-day moving average (MA) of 206.88, above the 50-day MA of 205.23, and above the 200-day MA of 206.07, indicating a bullish trend. The MACD of 4.83 indicates Negative momentum. The RSI at 69.27 is Neutral, neither overbought nor oversold. The STOCH value of 79.42 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.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 0 New Risks

Alexander's Peers Comparison

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTY	74 Outperform	$1.61B	24.02	7.23%	6.34%	7.80%	4.15%
WSR	70 Outperform	$1.29B	21.05	7.33%	3.98%	4.39%	24.45%
AKR	68 Neutral	$2.70B	122.52	0.92%	3.75%	2.62%	84.20%
NTST	68 Neutral	$1.31B	―	-0.88%	5.24%	21.91%	-257.05%
ALX	64 Neutral	$1.13B	28.76	20.16%	8.10%	-5.79%	-63.07%
BFS	62 Neutral	$832.77M	23.33	13.86%	6.86%	5.00%	-14.72%
Sector *	60 Neutral	$2.82B	10.29	0.39%	8508.26%	5.90%	-17.41%

* Real Estate Sector Average

Performance Comparison

ALX

Alexander's

222.17

25.34

12.87%

GTY

Getty Realty

29.02

2.29

8.57%

BFS

Saul Centers

34.39

-0.81

-2.30%

WSR

Whitestone REIT

12.73

0.71

5.91%

AKR

Acadia Realty

20.29

3.93

24.02%

NTST

NETSTREIT

15.92

-1.03

-6.08%

Alexander's Earnings Call Summary

Earnings Call Date:May 05, 2025

(Q4-2024)

% Change Since: 5.65%|

Next Earnings Date:Aug 04, 2025

Earnings Call Sentiment Neutral

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

Strong Leasing Activity in New York

Leased 3.34 million square feet overall, including 2.65 million square feet of New York office space with starting rents at $104, showing 2.5% cash and 10.9% GAAP mark-to-market.

Significant Stock Price Increase

Vornado's stock price increased by 49% in 2024, following a 35% increase in 2023.

First REIT to Achieve 100% LEED Certification

Vornado Realty Trust's entire portfolio is 100% LEED certified, marking a significant sustainability milestone.

Penn District Developments

Penn Two expected to be 80% leased by year-end with above-underwriting rents, indicating strong demand and successful redevelopment.

Successful Refinancing and Debt Management

Refinanced 1535 Broadway and repaid $450 million unsecured bonds, improving financial flexibility.

Negative Updates

Decline in Comparable FFO

Comparable FFO was $2.26 per share for the year, down from 2023, due to lower NOI from known move-outs and higher net interest expense.

Negative Outlook for 2025

Expectations for 2025 earnings slightly lower than 2024 due to lease termination income impact and delays in vacancy backfilling.

High Short-Term Interest Rates

Short-term rates are expected to remain high, keeping borrowing costs elevated, impacting refinancing and overall financial performance.

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.

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.