Alexander's Stock Price, News & Analysis

ALEXANDER’S, INC. (ALX) filed its Form 10-K for the year ending December 31, 2022, revealing significant declines in financial performance. For Q4 2022, net income dropped to $13.2 million or $2.57 per diluted share, down from $77.7 million or $15.17 per diluted share in Q4 2021, influenced by substantial gains from real estate sales the prior year. Full-year net income also fell to $57.6 million or $11.24 per diluted share, compared to $132.9 million or $25.94 per diluted share in 2021. Funds from operations (FFO) for 2022 stood at $87.1 million, reflecting a decrease from $89.8 million in 2021.

Alexander’s, Inc. (NYSE: ALX) announced it will file its annual report on Form 10-K for the year ending December 31, 2022, and issue earnings results on February 13, 2023, before the NYSE opens. Vornado Realty Trust (NYSE: VNO), managing Alexander’s operations, will host a quarterly earnings call and audio webcast on February 14, 2023, at 10:00 a.m. ET, discussing relevant information about Alexander's. The company operates six properties in the New York City metropolitan area. The press release also includes forward-looking statements concerning potential risks from COVID-19, inflation, and interest rates affecting future performance.

ALEXANDER'S, INC. (NYSE: ALX) announced a quarterly dividend of $4.50 per share, payable on February 10, 2023. This dividend is for stockholders recorded as of January 30, 2023. Alexander’s operates as a real estate investment trust with six properties located in the New York City metropolitan area. The statement includes forward-looking risks such as the ongoing impact of the COVID-19 pandemic and economic factors like inflation and interest rates that could affect the company's performance.

ALEXANDER'S, INC. (ALX) announced its financial results for Q3 2022, reporting a net income of $15.1 million ($2.95/share), up from $11.4 million ($2.22/share) in Q3 2021. Funds from operations (FFO) increased to $22.5 million ($4.40/share) from $21.2 million ($4.13/share). For the nine months ending September 30, 2022, net income dropped to $44.5 million ($8.67/share) from $55.2 million ($10.77/share), while FFO decreased to $66.5 million ($12.96/share) from $68.1 million ($13.29/share). The company operates six properties in the New York City area.

ALEXANDER’S, INC. (NYSE: ALX) has declared a quarterly dividend of $4.50 per share, set for payment on November 18, 2022, to stockholders recorded by November 7, 2022. The company, a real estate investment trust with six properties in the New York City area, emphasizes this dividend as a signal of its financial stability and commitment to shareholder returns. Investors are encouraged to review potential risks associated with future performance and market conditions, including ongoing impacts from the COVID-19 pandemic.

ALEXANDER'S, Inc. (NYSE: ALX) announced it will file its quarterly report on Form 10-Q for the quarter ending September 30, 2022, on October 31, 2022, before market opening. The report will provide insights into its performance during the quarter. Additionally, Vornado Realty Trust (NYSE: VNO) will host an earnings conference call on November 1, 2022, at 10:00 a.m. ET, where details relevant to Alexander's may be discussed. The access number for the call is 866-374-5140 (domestic) and 404-400-0571 (international).

ALEXANDER'S, INC. (ALX) announced its Q2 2022 financial results, reporting a net income of $14.8 million ($2.89 per diluted share), down from $25.9 million ($5.05 per share) in Q2 2021. This decline was attributed to a $9.1 million gain from real estate sales last year. For the first half of 2022, net income totaled $29.3 million ($5.73 per share), compared to $43.8 million ($8.55 per share) in 2021. Funds from operations (FFO) increased to $22.1 million ($4.32 per diluted share) in Q2, surpassing last year's $21.1 million ($4.12 per share). Total revenues were $49.8 million, down from $51.4 million.

Lionbridge Capital has issued an open letter to Alexander's Inc. (ALX) shareholders highlighting the company's significant underperformance and proposing strategies to enhance shareholder value. Lionbridge estimates ALX's Net Asset Value at over $425 per share, significantly higher than its current price. The letter outlines two main strategies: first, to internalize management with a dedicated leadership team focused on growth and capital optimization, and second, to explore a strategic review process, including a potential take-private transaction.

Alexander’s, Inc. (NYSE: ALX) announced a quarterly dividend of $4.50 per share, payable on August 19, 2022, to shareholders of record as of August 8, 2022. This dividend reflects the company's ongoing commitment to returning value to its investors. Alexander’s is a real estate investment trust with six properties located in the New York City metropolitan area.