ALEXANDERS INC ALX

Real estate SIC 6798 - Real Estate Investment Trusts NYSE

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).

•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. The Home Depot (83,000 square feet) was the principal retail tenant at the property until its lease expired on January 31, 2025;

Last close 262.42 2026-09-04
Market cap $1.34B 2026-06-30 share count
52-week range 201.28 - 289.43

Valuation FY2025 figures against the last close

P/S6.3x
P/E47.7x
P/FCF18.2x
EV/EBITDA
Dividend yield6.9%
Diluted EPS5.50

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $213.2M$226.4M$225.0M$205.8M$206.1M$199.1M$226.3M$232.8M$230.6M$226.9M
SG&A $6.6M$6.5M$6.3M$6.1M$5.9M$6.3M$5.8M$5.3M$5.3M$5.4M
Total operating expenses $148.0M$144.5M$140.4M$126.3M$130.0M$127.1M$126.9M$132.2M$125.3M$121.5M
Operating income $100.6M$105.3M$105.5M
Pre-tax income $56.6M$80.5M$86.5M
Income tax $4.0K$3.0K$48.0K
Net income $28.2M$43.4M$102.4M$57.6M$132.9M$41.9M$60.1M$32.8M$80.5M$86.5M
EPS, basic 5.508.4619.9711.2425.948.1911.74
EPS, diluted 5.508.4619.9711.2425.948.1911.746.4215.7416.91
Shares, diluted (wtd. avg.) $5.1M$5.1M$5.1M$5.1M$5.1M$5.1M$5.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $128.2M$338.5M$531.9M$194.9M$463.5M$428.7M$298.1M$283.1M$307.5M$288.9M
Short-term investments $0$267.0M$0
Total assets $1.11B$1.34B$1.40B$1.40B$1.39B$1.40B$1.27B$1.29B$1.63B$1.45B
Total liabilities $1.00B$1.16B$1.17B$1.16B$1.14B$1.20B$1.01B$1.00B$1.29B$1.10B
Retained earnings $69.2M$133.4M$182.3M$172.2M$206.9M$166.2M$216.4M$248.4M$302.5M$309.0M
Total equity $109.2M$176.9M$237.7M$236.5M$252.6M$203.2M$253.5M$285.1M$344.0M$352.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $73.4M$54.1M$109.1M$102.5M$118.5M$78.1M$126.1M$73.5M$123.4M$130.8M
Depreciation and amortisation $38.1M$37.9M$34.5M$31.5M$34.6M$35.1M$36.5M$38.5M$38.7M$36.4M
Stock-based compensation $394.0K$450.0K$450.0K$450.0K$450.0K$600.0K$394.0K$394.0K$394.0K
Investing cash flow -$20.8M-$13.2M$321.8M-$279.3M$75.5M-$32.5M-$9.4M-$1.1M-$202.0M-$15.5M
Financing cash flow -$254.3M-$200.0M-$92.4M-$92.3M-$160.3M$90.3M-$92.1M-$176.2M$97.1M-$85.3M
Dividends paid $92.4M$92.4M$92.3M$92.3M$92.2M$92.2M$92.1M$92.1M$87.0M$81.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-145567.

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