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Alexander's (ALX)
NYSE:ALX
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Alexander's
(NYSE:ALX)
Rating:64Neutral
Price Target:
$232.00
▲( 8.43% Upside)
Alexander's (ALX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.09B
Dividend Yield8.41%
Average Volume (3M)17.34K
Price to Earnings (P/E)27.7
Beta (1Y)0.69
Revenue Growth-5.79%
EPS Growth-63.07%
CountryUS
Employees90
SectorReal Estate
Sector Strength64
IndustryREIT - Retail
Share Statistics
EPS (TTM)4.06
Shares Outstanding5,107,290
10 Day Avg. Volume28,688
30 Day Avg. Volume17,340
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 Target
$165.00Price Target Upside-22.89% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
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 real estate properties to retail and office tenants. The company's key revenue streams include rental income from long-term lease agreements with various tenants, which provides a steady and predictable cash flow. Additionally, Alexander's may earn income from property management services and ancillary services provided to tenants. The company's ability to maintain high occupancy rates and negotiate favorable lease terms contributes significantly to its earnings. Strategic partnerships with prominent retailers and businesses that lease space within Alexander's properties also enhance its revenue potential.
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
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.65
Positive
Balance Sheet
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.70
Positive
Cash Flow
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.75
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| 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
Positive
213.97
Price Trends
205.96
Positive
199.46
Positive
206.28
Positive
Market Momentum
4.16
Negative
54.88
Neutral
35.69
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 213.97 is above the 20-day moving average (MA) of 211.90, above the 50-day MA of 205.96, and above the 200-day MA of 206.28, indicating a bullish trend. The MACD of 4.16 indicates Negative momentum. The RSI at 54.88 is Neutral, neither overbought nor oversold. The STOCH value of 35.69 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.58B | 23.64 | 7.23% | 6.44% | 7.80% | 4.15% | |
70 Outperform | $1.23B | 19.94 | 7.33% | 4.20% | 4.39% | 24.45% | |
64 Neutral | $1.09B | 27.70 | 20.16% | 8.41% | -5.79% | -63.07% | |
64 Neutral | $789.67M | 22.13 | 13.86% | 7.24% | 5.00% | -14.72% | |
64 Neutral | $2.53B | 114.79 | 0.92% | 4.00% | 2.62% | 84.20% | |
63 Neutral | $1.29B | ― | -0.88% | 5.33% | 21.91% | -257.05% | |
60 Neutral | $2.76B | 10.33 | 0.49% | 8507.90% | 5.95% | -17.56% |
* Real Estate Sector Average
Performance Comparison
ALX
Alexander's
213.97
21.65
11.26%
GTY
Getty Realty
28.56
3.24
12.80%
BFS
Saul Centers
32.61
-1.10
-3.26%
WSR
Whitestone REIT
12.06
-0.48
-3.83%
AKR
Acadia Realty
19.01
3.23
20.47%
NTST
NETSTREIT
15.65
-0.40
-2.49%
Alexander's Earnings Call Summary
Earnings Call Date:May 05, 2025
(Q4-2024)
| % Change Since: 1.75%|
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.Alexander's Corporate Events
Executive/Board ChangesShareholder Meetings
Alexander’s Stockholders Approve Key Proposals at Annual Meeting
Neutral
May 22, 2025
On May 22, 2025, Alexander’s, Inc. held its Annual Meeting of Stockholders, where two main proposals were voted on. The first proposal involved the election of Steven Roth and Wendy A. Silverstein to the Board of Directors for a three-year term, both of whom were successfully elected. The second proposal, which was also approved, was the ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year 2025. The meeting saw a high participation rate, with approximately 94.87% of shares represented.
The most recent analyst rating on (ALX) stock is a Sell with a $135.00 price target. To see the full list of analyst forecasts on Alexander’s stock, see the ALX Stock Forecast page.
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.