Alexander's (ALX) AI Stock Analysis

• Market Cap: $1.10B
• Dividend Yield: 8.37%
• Average Volume (3M): 52.32K
• Price to Earnings (P/E): 30.0
• Beta (1Y): 0.57
• Revenue Growth: -7.52%
• EPS Growth: -22.75%
• Country: US
• Employees: 90
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 2.90
• Shares Outstanding: 5,107,290
• 10 Day Avg. Volume: 73,152
• 30 Day Avg. Volume: 52,321
• PEG Ratio: -0.41
• Price to Book (P/B): 5.81
• Price to Sales (P/S): 4.54
• P/FCF Ratio: 18.98
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): $209.70M

• Rating: 55 Neutral
• Price Target: $219.00 ▲(3.23% Upside)

Alexander's overall stock score is primarily influenced by its financial performance and technical analysis. The company's strong profitability and operational efficiency are offset by high leverage and declining revenue growth. The technical indicators suggest a neutral to slightly bearish trend, while the valuation metrics show a high P/E ratio but an attractive dividend yield. The recent refinancing deal is a positive development but does not significantly impact the overall score.

Positive Factors

Refinancing Deal

The refinancing reduces debt and extends maturity, improving financial flexibility and stability, crucial for long-term strategic planning.

Operational Efficiency

Strong margins indicate effective cost management and pricing power, supporting sustainable profitability and competitive positioning.

Cash Generation Ability

High cash conversion from operations ensures liquidity and supports reinvestment, dividends, and debt servicing, enhancing financial resilience.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting flexibility and increasing vulnerability to interest rate hikes or economic downturns.

Declining Revenue Growth

Declining revenue growth can signal challenges in market demand or competitive pressures, impacting long-term growth prospects and valuation.

Free Cash Flow Decline

Declining free cash flow limits the ability to fund operations, investments, and dividends, potentially affecting financial health and investor confidence.

Alexander's Business Overview & Revenue Model

Company Description

Alexander's (ALX) is a real estate investment trust (REIT) based in the United States, primarily focused on the ownership, management, and development of high-quality retail and mixed-use properties. The company operates in key urban markets, providing a diverse portfolio that includes shopping centers, retail spaces, and other commercial real estate assets. Alexander's aims to enhance property value through strategic leasing, redevelopment, and value-added management strategies.

How the Company Makes Money

Alexander's generates revenue primarily through leasing retail and commercial spaces to a variety of tenants, including national and regional retailers. The company's revenue model is centered on rental income, which is derived from long-term leases with tenants. Additionally, Alexander's benefits from ancillary income sources such as property management fees and lease-related services. The company may also engage in development projects to increase its asset base, which can lead to higher rental income in the long term. Strategic partnerships with retailers and other businesses enhance its revenue potential by securing stable, long-term tenants that drive consistent cash flow.

Alexander's Financial Statement Overview

Summary

Alexander's financial statements present a mixed picture. The company demonstrates strong profitability and operational efficiency, as evidenced by healthy margins. However, high leverage and declining revenue and free cash flow growth are areas of concern. The company needs to focus on improving revenue growth and managing its debt levels to ensure long-term financial stability.

Income Statement

The income statement shows a mixed performance. The TTM data indicates a slight decline in revenue growth at -1.03%, which is concerning. However, the company maintains a healthy EBIT margin of 37.28% and a net profit margin of 17.14%, suggesting strong operational efficiency. Historical data shows fluctuating revenue growth, with a notable decline in 2020 but recovery in subsequent years. Profit margins have been relatively stable, indicating consistent profitability.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio of 6.94 in the TTM period, which poses a risk. However, the company has managed to maintain a positive return on equity of 22.12%, indicating effective use of equity to generate profits. The equity ratio is relatively low, reflecting the high level of debt financing, which could be a concern if interest rates rise or if the company faces financial stress.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth at -5.94% in the TTM period, which is a negative indicator. However, the operating cash flow to net income ratio of 1.62 suggests that the company is generating sufficient cash from operations to cover its net income. The free cash flow to net income ratio of 0.84 indicates that a significant portion of net income is being converted into free cash flow, which is positive for liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	215.84M	226.37M	224.96M	205.81M	206.15M	199.14M
Gross Profit	213.97M	226.37M	123.75M	205.81M	206.15M	110.74M
EBITDA	125.91M	144.16M	117.41M	117.69M	184.86M	98.57M
Net Income	36.68M	43.44M	102.41M	57.63M	132.93M	41.94M
Balance Sheet
Total Assets	1.30B	1.34B	1.40B	1.40B	1.39B	1.40B
Cash, Cash Equivalents and Short-Term Investments	286.14M	338.53M	531.86M	461.90M	463.54M	434.73M
Total Debt	1.10B	1.10B	1.09B	1.09B	1.09B	1.16B
Total Liabilities	1.17B	1.16B	1.17B	1.16B	1.14B	1.20B
Stockholders Equity	128.33M	176.86M	237.66M	236.50M	252.59M	203.23M
Cash Flow
Free Cash Flow	80.83M	54.11M	109.11M	102.55M	118.47M	78.07M
Operating Cash Flow	80.83M	54.11M	109.11M	102.55M	118.47M	78.07M
Investing Cash Flow	-28.93M	-13.22M	321.81M	-279.27M	75.46M	-32.46M
Financing Cash Flow	-96.81M	-200.03M	-92.42M	-92.31M	-160.29M	90.29M

Alexander's Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 212.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALX, the sentiment is Negative. The current price of 212.14 is below the 20-day moving average (MA) of 215.08, below the 50-day MA of 219.20, and below the 200-day MA of 216.92, indicating a bearish trend. The MACD of -0.42 indicates Negative momentum. The RSI at 46.38 is Neutral, neither overbought nor oversold. The STOCH value of 32.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ALX.

Alexander's Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTY	78 Outperform	$1.63B	21.73	7.54%	6.77%	8.17%	9.96%
WSR	77 Outperform	$1.38B	15.95	10.34%	3.97%	4.44%	107.23%
CBL	73 Outperform	$1.14B	9.32	37.88%	6.79%	5.74%	294.33%
BFS	68 Neutral	$765.81M	26.98	11.88%	7.89%	5.75%	-37.69%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NTST	63 Neutral	$1.47B	10,252.94	0.02%	4.88%	19.92%	―
ALX	55 Neutral	$1.10B	30.03	22.99%	8.37%	-7.52%	-22.75%

Alexander's Corporate Events

Alexander’s Completes $175 Million Refinancing Deal

On December 5, 2025, Alexander’s, Inc. completed a $175 million refinancing of its Rego Park II shopping center in Queens, New York. The new interest-only loan, maturing in December 2030, is set at SOFR plus 2.00%, currently 5.82%. This refinancing replaces a previous $198.5 million loan, reducing the debt by $23.5 million, and reflects the company’s strategic financial management to optimize its real estate investments.