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 declared a quarterly dividend of $4.50 per share, scheduled for payment on May 19, 2023, to stockholders on record by May 8, 2023. This announcement reflects the company’s ongoing commitment to return value to shareholders. Alexander’s, Inc. operates as a real estate investment trust with a presence in the New York City metropolitan area, managing six properties. The press release highlights potential risks related to interest rate increases, inflation, and the ongoing impacts of the COVID-19 pandemic on business operations and tenant performance.
Alexander’s, Inc. (NYSE: ALX) announced it will file its quarterly report on Form 10-Q for the quarter ending March 31, 2023, on May 1, 2023, prior to the opening of the New York Stock Exchange.
Additionally, Vornado Realty Trust (NYSE: VNO), which manages Alexander’s operations, will hold its quarterly earnings conference call on May 2, 2023, at 10:00 a.m. ET. Investors can access this call by dialing 833-816-1409 (domestic) or 412-317-0502 (international), and a live webcast will be available through Vornado’s website.
Alexander's is a real estate investment trust with six properties in the New York City metropolitan area.
ALEXANDER'S, Inc. (NYSE: ALX) announced the sale of the Rego Park III land parcel for $71 million, which includes Brownfield tax benefits and reimbursement for improvement costs. The site, located in Queens, New York, has 670,000 buildable square feet and is situated in an Opportunity Zone, eligible for the 421a Affordable New York Housing Program and Brownfield tax credits. A financial statement gain of approximately $54 million is expected. The sale is subject to customary closing conditions and is anticipated to finalize in the second quarter of 2023.
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.