Alexander's (ALX) AI Stock Analysis

• Market Cap: $1.09B
• Dividend Yield: 8.43%
• Average Volume (3M): 55.66K
• Price to Earnings (P/E): 29.9
• Beta (1Y): 0.59
• 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: 28,413
• 30 Day Avg. Volume: 55,660
• 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: 1.69
• Enterprise Value/Revenue: 8.52
• Enterprise Value/Gross Profit: 8.60
• Enterprise Value/Ebitda: 14.61
• 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: 53 Neutral
• Price Target: $208.00 ▼(-1.95% Downside)

Alexander's stock score is primarily influenced by its mixed financial performance and bearish technical indicators. While the company shows strong profitability, high leverage and declining revenue growth are concerns. The technical analysis suggests a bearish trend, with the stock trading below key moving averages and indicators pointing towards oversold conditions. The valuation is mixed, with a high P/E ratio but an attractive dividend yield. These factors combine to give the stock a moderate score.

Positive Factors

Operational Efficiency

Strong operational efficiency is demonstrated by high profit margins, indicating effective cost management and pricing strategies, which support long-term profitability.

Cash Generation Ability

The ability to generate ample cash from operations ensures liquidity and financial flexibility, supporting ongoing investments and debt servicing.

Portfolio Quality

The focus on high-quality, strategically located properties in Manhattan provides a competitive advantage, attracting diverse and stable tenants, enhancing long-term asset value.

Negative Factors

High Leverage

High leverage poses financial risk, potentially limiting flexibility and increasing vulnerability to interest rate hikes, impacting long-term stability.

Declining Revenue Growth

Declining revenue growth signals challenges in expanding market share or tenant base, potentially affecting future earnings and strategic initiatives.

Free Cash Flow Decline

A decline in free cash flow growth can strain financial resources, limiting the company's ability to invest in growth opportunities and manage debt effectively.

Alexander's Business Overview & Revenue Model

Company Description

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

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	352.26M	338.53M	531.86M	461.90M	463.54M	434.73M
Total Debt	987.10M	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: Negative

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 216.38, below the 50-day MA of 224.14, and below the 200-day MA of 215.59, indicating a bearish trend. The MACD of -3.67 indicates Negative momentum. The RSI at 44.38 is Neutral, neither overbought nor oversold. The STOCH value of 83.56 is Negative, 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	79 Outperform	$1.63B	22.15	7.54%	6.83%	8.17%	9.96%
WSR	72 Outperform	$1.35B	15.44	10.34%	4.12%	4.44%	107.23%
CBL	71 Outperform	$1.03B	8.50	37.88%	7.27%	5.74%	294.33%
NTST	70 Outperform	$1.48B	10,376.47	0.02%	4.75%	19.92%	―
BFS	68 Neutral	$739.69M	26.32	11.88%	7.67%	5.75%	-37.69%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ALX	53 Neutral	$1.09B	29.88	22.99%	8.43%	-7.52%	-22.75%

Alexander's Corporate Events

Alexander’s Inc. Reports Q3 2025 Earnings

Alexander’s Inc., a Delaware-based real estate investment trust (REIT), specializes in leasing, managing, developing, and redeveloping properties, primarily in New York City, with management and leasing operations conducted by Vornado Realty Trust. In its latest earnings report for the quarter ending September 30, 2025, Alexander’s Inc. reported a net income of $5.97 million, or $1.16 per diluted share, a decrease from $6.68 million, or $1.30 per diluted share, in the same period last year. The company’s rental revenues declined to $53.42 million from $55.68 million, attributed mainly to the expiration of Home Depot’s lease at 731 Lexington Avenue. Operating expenses slightly increased to $26.69 million, while interest and debt expenses decreased significantly due to refinancing activities. Despite these challenges, Alexander’s Inc. continues to maintain a strong occupancy rate, with commercial properties at 94.9% and residential at 97.1%. As the company navigates discussions for loan restructuring and explores sale opportunities for its Rego Park I property, it remains focused on maintaining its competitive edge in the real estate market.

Alexander’s Inc. Reports Decline in Quarterly Earnings

Alexander’s Inc., a real estate investment trust (REIT) based in Delaware, specializes in leasing, managing, developing, and redeveloping properties, primarily in New York City. The company is managed by Vornado Realty Trust and owns five properties in the city.