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Alexander's Financials

ALX
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Alexander's (ALX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ALX FY2025

Financing and distributions are shaping Alexander's economics more than the relatively steady revenue base.

Two straight years of outsized payouts help explain why cash fell to $128.2M and debt-to-equity reached 9.2x even though the top line stayed in the same general range. Because the dividend stayed near $92.4M while profit shrank, the balance sheet rather than the income statement absorbed the pressure, leaving a much thinner equity cushion.

Cash conversion looked better than accounting profit: operating cash flow was $73.4M versus net income of $28.2M. Heavy depreciation on a large asset base means the properties generated more cash than earnings alone suggest, but still not enough to fully self-fund the distribution.

With SG&A only about 3.1% of revenue while interest expense ran $51.6M, the cost base appears finance-heavy rather than overhead-heavy. That makes shareholder earnings unusually sensitive to capital structure and financing costs, which helps explain why margins swing far more than sales.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 17 / 100
Financial Profile 17/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Alexander's's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth
29

Alexander's's revenue declined 5.8% year-over-year, from $226.4M to $213.2M. This contraction results in a growth score of 29/100.

Leverage
0

Alexander's has elevated debt relative to equity (D/E of 9.18), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Returns
75

Alexander's earns a strong 25.9% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is up from 24.6% the prior year.

Piotroski F-Score Neutral
5/9

Alexander's passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.60x

For every $1 of reported earnings, Alexander's generates $2.60 in operating cash flow ($73.4M OCF vs $28.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$213.2M
YoY-5.8%
5Y CAGR+1.4%

Alexander's generated $213.2M in revenue in fiscal year 2025. This represents a decrease of 5.8% from the prior year.

EBITDA
N/A
Net Income
$28.2M
YoY-35.0%
5Y CAGR-7.6%
10Y CAGR-9.5%

Alexander's reported $28.2M in net income in fiscal year 2025. This represents a decrease of 35.0% from the prior year.

EPS (Diluted)
$5.50
YoY-35.0%
5Y CAGR-7.7%

Alexander's earned $5.50 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 35.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$128.2M
YoY-62.1%
5Y CAGR-21.5%
10Y CAGR-6.8%

Alexander's held $128.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
$18.00
YoY+0.0%
5Y CAGR+0.0%

Alexander's paid $18.00 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding
5M
YoY+0.0%
5Y CAGR+0.0%
10Y CAGR+0.0%

Alexander's had 5M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
13.2%
YoY-5.9pp
5Y CAGR-7.8pp

Alexander's's net profit margin was 13.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.

Return on Equity
25.9%
YoY+1.3pp
5Y CAGR+5.2pp
10Y CAGR+4.1pp

Alexander's's ROE was 25.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

ALX Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $53.4M+0.3% $53.3M-0.3% $53.4M+3.6% $51.6M-6.1% $54.9M-1.8% $55.9M+0.4% $55.7M+4.3% $53.4M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $1.7M+3.2% $1.7M+23.1% $1.3M-31.0% $2.0M+22.9% $1.6M+8.9% $1.5M+2.7% $1.4M-34.1% $2.2M
Operating Income $24.4M N/A N/A N/A N/A N/A N/A N/A
Interest Expense $10.7M-23.1% $14.0M-0.9% $14.1M+10.0% $12.8M+18.6% $10.8M-2.8% $11.1M-42.3% $19.3M+18.8% $16.2M
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income $4.7M+21.9% $3.8M-35.9% $6.0M-2.5% $6.1M-50.3% $12.3M+0.3% $12.3M+83.8% $6.7M-20.3% $8.4M
EPS (Diluted) $0.91 N/A $1.16-2.5% $1.19-50.4% $2.40 N/A $1.30-20.2% $1.63

ALX Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $1.1B-1.3% $1.1B-14.3% $1.3B-1.9% $1.3B-0.9% $1.3B-0.6% $1.3B-1.7% $1.4B-7.8% $1.5B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $76.2M-40.5% $128.2M-55.2% $286.1M-8.6% $313.0M-2.1% $319.9M-5.5% $338.5M-4.6% $354.8M-13.7% $410.9M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $2.5M-38.6% $4.1M-5.3% $4.3M+5.0% $4.1M-22.9% $5.4M+4.9% $5.1M+7.7% $4.7M+3.2% $4.6M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $1.0B+0.4% $1.0B-14.2% $1.2B-0.6% $1.2B+0.5% $1.2B+0.5% $1.2B-0.8% $1.2B-7.4% $1.3B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt $748K N/A N/A N/A N/A N/A N/A N/A
Total Equity $90.7M-16.9% $109.2M-14.9% $128.3M-11.8% $145.4M-10.8% $163.1M-7.8% $176.9M-7.3% $190.7M-10.3% $212.5M
Retained Earnings $50.8M-26.7% $69.2M-21.8% $88.5M-16.2% $105.6M-13.8% $122.6M-8.1% $133.4M-7.5% $144.2M-10.2% $160.6M

ALX Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $6.8M-70.9% $23.4M+352.8% -$9.3M-121.3% $43.6M+177.1% $15.7M-49.0% $30.8M+712.4% -$5.0M-143.7% $11.5M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$23.9M-1225.8% -$1.8M+58.6% -$4.4M+34.2% -$6.6M+17.6% -$8.0M+19.4% -$9.9M-172.3% -$3.7M-1102.0% -$304K
Financing Cash Flow -$23.1M+87.3% -$181.7M-643.7% -$24.4M-0.5% -$24.3M-1.7% -$23.9M+1.3% -$24.2M+79.6% -$118.5M-246.3% -$34.2M
Dividends Paid $23.1M0.0% $23.1M0.0% $23.1M0.0% $23.1M0.0% $23.1M0.0% $23.1M0.0% $23.1M+0.1% $23.1M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

ALX Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 45.7% N/A N/A N/A N/A N/A N/A N/A
Net Margin 8.7%+1.6pp 7.2%-4.0pp 11.2%-0.7pp 11.9%-10.6pp 22.4%+0.5pp 22.0%+10.0pp 12.0%-3.7pp 15.7%
Return on Equity 5.1%+1.6pp 3.5%-1.1pp 4.7%+0.4pp 4.2%-3.3pp 7.5%+0.6pp 6.9%+3.4pp 3.5%-0.4pp 3.9%
Return on Assets 0.4%+0.1pp 0.3%-0.1pp 0.5%0.0pp 0.5%-0.5pp 0.9%0.0pp 0.9%+0.4pp 0.5%-0.1pp 0.6%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 11.08+1.9 9.18+0.1 9.10+1.0 8.08+0.9 7.17+0.6 6.58+0.4 6.16+0.2 5.97
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Alexander's (ALX) reported $213.2M in total revenue for fiscal year 2025. This represents a -5.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Alexander's (ALX) revenue declined by 5.8% year-over-year, from $226.4M to $213.2M in fiscal year 2025.

Yes, Alexander's (ALX) reported a net income of $28.2M in fiscal year 2025, with a net profit margin of 13.2%.

Alexander's (ALX) reported diluted earnings per share of $5.50 for fiscal year 2025. This represents a -35.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Alexander's (ALX) had a net profit margin of 13.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Alexander's (ALX) paid $18.00 per share in dividends during fiscal year 2025.

Alexander's (ALX) has a return on equity of 25.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Alexander's (ALX) generated $73.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Alexander's (ALX) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Alexander's (ALX) had 5M shares outstanding as of fiscal year 2025.

Alexander's (ALX) had a debt-to-equity ratio of 9.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Alexander's (ALX) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Alexander's (ALX) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Alexander's (ALX) has an earnings quality ratio of 2.60x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Alexander's (ALX) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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