Alexander’s, Inc. (NYSE: ALX) is a real estate investment trust (“REIT”), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to “we,” “us,” “our,” “Company” and “Alexander’s” refer to Alexander’s, Inc. and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (“Vornado”) (NYSE: VNO). We have five properties in New York City consisting of: •731 Lexington Avenue, a 1,080,000 square foot multi-use building, comprising the entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan. The building contains 952,000 and 128,000 of rentable square feet of office and retail space, respectively. Bloomberg L.P. (“Bloomberg”) occupies all of the office space.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 213M | 213M | 226M | 225M | 206M | 206M |
| Net Income | 28M | 28M | 43M | 102M | 58M | 133M |
| EPS | $5.50 | $5.50 | $8.46 | $19.97 | $11.24 | $25.94 |
| Free Cash Flow | 53M | 53M | 34M | 104M | 88M | 99M |
| ROIC | 0.0% | - | - | - | - | - |
| Gross Margin | 77.4% | 77.4% | - | 83.7% | 72.9% | 68.2% |
| Debt/Equity | 7.60 | 7.60 | 5.59 | 4.60 | 4.61 | 4.31 |
| Dividends/Share | $18.01 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 |
| Operating Income | 0 | - | - | - | - | - |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | 25.9% | 19.7% | 24.6% | 43.1% | 24.4% | 52.6% |
| Shares Outstanding | 5M | 5M | 5M | 5M | 5M | 5M |
ALEXANDERS INC passes 3 of 9 quality checks, indicating weak fundamentals.
ALEXANDERS INC trades at 44.7x trailing earnings, compared to its 15-year median P/E of 17.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 24.0x vs a median of 9.8x. The company's 5-year average gross margin is 75.6%. Total shareholder yield (dividends) is 7.3%. At current prices, the estimated annualized return to fair value is -5.0%.
ALEXANDERS INC (ALX) has a current P/E ratio of 44.7, compared to its historical median P/E of 17.7. The stock is currently considered Expensive based on its historical valuation range.
ALEXANDERS INC (ALX) has a market capitalization of $1.3B. It is classified as a small-cap stock.
Yes, ALEXANDERS INC (ALX) pays a dividend with a trailing twelve-month yield of 7.33%.
Based on historical P/E analysis, ALEXANDERS INC (ALX) appears expensive. The current P/E of 44.7 is 152% above its historical median of 17.7. The estimated fair value CAGR (P/E method) is 2.6%.
ALEXANDERS INC (ALX) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
ALEXANDERS INC (ALX) reported annual revenue of $213 million in its most recent fiscal year, based on SEC EDGAR filings.
ALEXANDERS INC (ALX) has a net profit margin of 13.2%. This is a healthy margin.
ALEXANDERS INC (ALX) generated $53 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ALEXANDERS INC (ALX) has a debt-to-equity ratio of 7.60. This indicates higher leverage, which may increase financial risk.
ALEXANDERS INC (ALX) reported earnings per share (EPS) of $5.50 in its most recent fiscal year.
ALEXANDERS INC (ALX) has a return on equity (ROE) of 19.7%. This indicates the company generates strong returns for shareholders.
ALEXANDERS INC (ALX) has a 5-year average gross margin of 75.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for ALEXANDERS INC (ALX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ALEXANDERS INC (ALX) has a book value per share of $21.27, based on its most recent annual SEC filing.
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