Alexander’s Declares Quarterly $4.50 Dividend on Common Shares
Rhea-AI Summary
Alexander's (NYSE: ALX) has announced a regular quarterly dividend of $4.50 per share, scheduled for payment on May 30, 2025. Shareholders recorded as of May 12, 2025, will be eligible for this dividend distribution.
The company operates as a real estate investment trust with a portfolio comprising five properties located in New York City. This announcement comes with standard forward-looking statements disclaimers, acknowledging various risk factors including interest rate fluctuations, inflation effects, and their potential impact on tenants, business operations, and market conditions.
The company notes that these factors could materially affect their future results, financial condition, and business performance. For detailed risk assessment, stakeholders are directed to review "Item 1A. Risk Factors" in Part I of their Annual Report on Form 10-K for the year ended December 31, 2024.
Positive
- Regular quarterly dividend of $4.50 per share maintained
- Portfolio of five properties in New York City market
- REIT status provides tax advantages
Negative
- High exposure to single market (NYC) increases geographic risk
- Interest rate fluctuations cited as risk factor
- Inflationary pressures affecting business operations
News Market Reaction 1 Alert
On the day this news was published, ALX gained 0.44%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
PARAMUS, N.J., April 30, 2025 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of
Alexander’s, Inc. is a real estate investment trust that has five properties in New York City.
CONTACT:
GARY HANSEN
(201) 587-8541
Certain statements contained herein constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. Many of the factors that will determine the outcome of these and our other forward-looking statements are beyond our ability to control or predict. Currently, some of the factors are the interest rate fluctuations and effects of inflation on our business, financial condition, results of operations, cash flows, operating performance and the effect that these factors have had and may continue to have on our tenants, the global, national, regional and local economies and financial markets and the real estate market in general. For further discussion of factors that could materially affect the outcome of our forward-looking statements, see "Item 1A. Risk Factors" in Part I of our Annual Report on Form 10-K for the year ended December 31, 2024. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section.
FAQ
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