Alexander's/$ALX

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About Alexander's

Alexander's Inc is a real estate investment trust engaged in leasing, managing, developing, and redeveloping its properties. It has five properties in the greater New York City metropolitan area. All of the revenues come from properties located in New York City, which include revenues from leasing of space to tenants at their properties and revenues from parking and tenant services.
Ticker
$ALX
Primary listing
NYSE
Employees
103

Alexander's Metrics

BasicAdvanced
$1.3B
7.45
$33.06
0.74
$18.00
7.31%

What the Analysts think about Alexander's

Analyst ratings (Buy, Hold, Sell) for Alexander's stock.
Analyst projections of the future price of Alexander's stock.

Bulls say / Bears say

Second-quarter 2026 FFO increased to $3.02 per share from $2.88, while rental revenue rose 6.1% year over year to $54.7 million. Commercial occupancy was 94.6% and residential occupancy was 97.4% at June 30, 2026. (SEC)
Alexander’s completed the Rego Park I sale for $235.5 million, generating $202.75 million of net proceeds and contributing to liquidity of $358.3 million at June 30, 2026. This provides meaningful capital for debt management, leasing investment, or shareholder distributions. (SEC)
The company secured a 15-year Target lease, plus renewal options, for 135,000 square feet at Rego Park, alongside an approximately $29 million tenant payment tied to early termination of the prior lease. Alexander’s also maintained its $4.50 quarterly dividend in July 2026. (SEC; Alexander’s)
Six-month 2026 FFO fell to $5.63 per share from $6.93, while NOI declined to $52.4 million from $55.0 million as operating expenses increased faster than rental revenue. (SEC)
Tenant concentration is substantial: Bloomberg accounted for approximately 60% of rental revenue in the first half of 2026, and a lease amendment granted Bloomberg $56.8 million of rent abatement from April 1 through December 1, 2026. (SEC)
The Rego Park I sale produced $202.75 million of net proceeds but also reduced the income-producing portfolio; six-month rental revenue benefited from new leasing yet remained pressured by $3.36 million of lower revenue from Home Depot and other retail expirations. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.

Alexander's Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Alexander's Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Alexander's

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