Welcome to our dedicated page for Alexander's news (Ticker: ALX), a resource for investors and traders seeking the latest updates and insights on Alexander's stock.
Alexander's Inc (ALX) is a New York City-focused real estate investment trust (REIT) managing premier commercial properties in one of the world's most dynamic markets. This page provides investors and stakeholders with centralized access to official news, press releases, and strategic updates directly from the company.
Track key developments including leasing agreements, property redevelopment initiatives, and financial performance updates. Our curated news collection ensures timely access to earnings announcements, leadership updates, and market analyses relevant to ALX's six-property portfolio.
Stay informed about critical NYC real estate trends impacting the company, from tenant retention strategies to urban development regulations. Bookmark this page for verified updates on asset management decisions and operational milestones that shape ALX's position in the metropolitan commercial real estate sector.
Alexander's Inc (NYSE: ALX) has reported its Q2 2024 financial results. Net income for Q2 2024 was $8.4 million ($1.63 per diluted share), compared to $64.1 million ($12.51 per diluted share) in Q2 2023. The significant decrease is primarily due to a $54.0 million gain from the sale of the Rego Park III land parcel in Q2 2023. Funds from operations (FFO) for Q2 2024 were $17.0 million ($3.31 per diluted share), down from $18.2 million ($3.55 per diluted share) in Q2 2023.
For the first half of 2024, net income was $24.5 million ($4.77 per diluted share), compared to $75.4 million ($14.70 per diluted share) in H1 2023. FFO for H1 2024 increased to $42.5 million ($8.29 per diluted share) from $36.8 million ($7.18 per diluted share) in H1 2023. Alexander's Inc is a real estate investment trust with five properties in New York City.
Alexander's, Inc. (NYSE: ALX), a real estate investment trust with five properties in the New York City metropolitan area, has announced a regular quarterly dividend of $4.50 per share. The dividend will be payable on August 30, 2024 to stockholders of record on August 12, 2024. This announcement demonstrates the company's commitment to providing consistent returns to its shareholders and reflects its financial stability in the real estate sector.
Alexander's (NYSE: ALX) has announced its schedule for releasing second quarter 2024 earnings. The company will file its quarterly report on Form 10-Q and issue its earnings release on Monday, August 5, 2024, before the New York Stock Exchange opens. Vornado Realty Trust (NYSE: VNO), which manages Alexander's operations, will host a quarterly earnings conference call and audio webcast on Tuesday, August 6, 2024, at 10:00 a.m. ET. The call may include information about Alexander's. Investors can access the call by dialing 888-317-6003 (domestic) or 412-317-6061 (international) with passcode 8799771. A live webcast will be available on Vornado's website, with a playback option post-call.
ALEXANDER’S, INC. (ALX) announced its first quarter financial results, reporting an increase in net income and funds from operations compared to the same period last year.
Alexander's, Inc. extends Bloomberg LP's global headquarters lease at 731 Lexington Avenue Tower through 2040, maintaining nearly one million square feet of office space. The lease extension agreement with Bloomberg LP will last for 11 years starting from the expiration of the existing lease in 2029. Bloomberg will continue to occupy all 946,815 square feet in the building, making it their largest global headquarters with 7,000 New York-based employees out of 12,000. Vornado Realty Trust, a publicly traded company, owns a 32.4% stake in Alexander's, a Real Estate Investment Trust that owns the tower. The decision to renew the lease showcases the high quality and technological advancement of the tower designed by Ceasar and Rafael Pelli. Bloomberg's commitment to stay is a testament to the strong partnership between the companies and their belief in New York City's growth as a global capital.
Alexander’s, Inc. (NYSE: ALX) declared a quarterly dividend of $4.50 per share, payable on May 31, 2024, to stockholders of record on May 13, 2024. The company is a real estate investment trust with properties in the New York City metropolitan area.
FAQ
What is the current stock price of Alexander's (ALX)?
What is the market cap of Alexander's (ALX)?
