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. (NYSE: ALX) is a real estate investment trust with a concentrated portfolio of five properties in New York City. This news page brings together company announcements and regulatory disclosures that highlight how Alexander’s manages and finances its nonresidential buildings, including retail and shopping center assets.
Readers can find updates on quarterly and year-to-date financial results, where Alexander’s reports net income and Funds from Operations (FFO) in line with the NAREIT definition. These releases explain how FFO is calculated, how it differs from GAAP net income, and why management, investors and analysts use it to compare operating performance among REITs.
The news flow also covers capital markets and property-level financing activity. Examples include the completion of a $175 million refinancing of the Rego Park II shopping center in Queens, New York, and the restructuring of a $300 million mortgage loan on the retail condominium units of the 731 Lexington Avenue property in Manhattan. Related Form 8-K filings describe the terms of these loans, including maturity dates, interest structures and payment waterfalls.
In addition, Alexander’s issues press releases about regular quarterly dividends declared by its Board of Directors, providing insight into its distribution practices as a REIT. The company also announces timing for its Form 10-Q filings and notes that Vornado Realty Trust, the manager that conducts Alexander’s operations, may discuss Alexander’s on its quarterly earnings conference calls.
Investors and followers of ALX can use this page to review historical announcements, monitor changes in financing arrangements for key properties, and track the company’s reported financial performance and dividend declarations over time.
Alexander's, Inc. (NYSE: ALX) has announced its schedule for third quarter 2024 financial reporting. The company will file its Form 10-Q and issue its earnings release on Monday, November 4, 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, November 5, 2024, at 10:00 a.m. ET.
The conference call can be accessed by dialing 888-317-6003 (domestic) or 412-317-6061 (international) with passcode 1557554. A live webcast will be available on Vornado's website at www.vno.com in the Investor Relations section, with an online playback available after the call. Alexander's, Inc. is a real estate investment trust with five properties in New York City.
Alexander's (NYSE: ALX) has successfully completed a $400 million refinancing of the office condominium portion of 731 Lexington Avenue, the Class A Bloomberg LP headquarters building. The new interest-only loan features a fixed rate of 5.045% and is set to mature in October 2028. This loan replaces the previous $490 million loan, which had an interest rate tied to the Prime rate (currently 8.00%) and was due to mature in October 2024.
The new financing arrangement allows Alexander's the option to prepay the loan without penalty starting from October 2026. Alexander's, Inc. is a real estate investment trust with a portfolio of five properties located in New York City.
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.
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