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.
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.
ALEXANDER'S, INC. (NYSE: ALX) will file its quarterly report on Form 10-Q for the quarter ended June 30, 2022, on August 1, 2022, prior to market opening. Vornado Realty Trust (NYSE: VNO), managing Alexander’s operations, will conduct its quarterly earnings conference call on August 2, 2022, at 10:00 a.m. ET, discussing information related to Alexander’s. Investors can access the call via phone or through a live webcast on Vornado's website. Alexander’s operates six properties in the NYC metropolitan area.
ALEXANDER’S, INC. (NYSE: ALX) reported its Q1 2022 financial results on May 2, 2022. The company generated a net income of $14.5 million or $2.84 per diluted share, down from $17.9 million or $3.49 per diluted share in Q1 2021. Funds from operations (FFO) for the quarter were $21.8 million, equating to $4.25 per diluted share, compared to $25.8 million or $5.03 per diluted share a year earlier. The company's revenue was $49.2 million, a decrease from $56.2 million in the previous year.
Alexander's, Inc. (NYSE: ALX) has declared a quarterly dividend of $4.50 per share, payable on May 20, 2022, to shareholders of record as of May 9, 2022. This announcement reflects the company's ongoing commitment to delivering value to its shareholders.
Alexander's, Inc. operates as a real estate investment trust with six properties located in the New York City metropolitan area.
Alexander’s, Inc. (NYSE: ALX) will file its quarterly report on Form 10-Q for the period ending March 31, 2022, with the SEC and issue its earnings release on May 2, 2022. The quarterly earnings conference call hosted by Vornado Realty Trust (NYSE: VNO) will take place on May 3, 2022, at 10:00 a.m. ET, discussing performance and updates related to Alexander’s. The company operates six properties in the New York City area.
ALEXANDER’S, INC. (ALX) reported strong fourth-quarter results, with a net income of $77.7 million or $15.17 per diluted share for Q4 2021, up from $18.4 million or $3.60 per diluted share in Q4 2020. This included $63.2 million from real estate gains. For the year ended December 31, 2021, net income was $132.9 million or $25.94 per diluted share, a notable increase from $41.9 million or $8.19 per diluted share in 2020. Funds from operations for the year reached $89.8 million, or $17.52 per diluted share, up from $82.5 million.
Alexander’s, Inc. (NYSE: ALX) will file its annual report on Form 10-K for the year ended December 31, 2021, with the SEC and release its Q4 and full year earnings on February 14, 2022, before the NYSE opens. Vornado Realty Trust (NYSE: VNO), managing Alexander’s operations, will hold a quarterly earnings conference call on February 15, 2022, at 10:00 a.m. ET, discussing relevant information about Alexander’s. Information on accessing the call and the webcast is provided for investors.
Alexander's, Inc. (NYSE: ALX) has declared a quarterly dividend of $4.50 per share, set to be paid on February 11, 2022. Stockholders of record by January 31, 2022 will receive this payment. The company operates as a real estate investment trust, managing six properties in the greater New York City area. This dividend reflects the company's ongoing commitment to returning value to its shareholders.
Alexander’s, Inc. (NYSE: ALX) announced the appointment of Gary Hansen as the new Chief Financial Officer, succeeding Matthew Iocco, who is retiring after 22 years. Hansen, previously Senior Vice President and Controller, brings over 20 years of experience in accounting and financial reporting. Iocco will assist with the transition until December 31, 2021. Alexander’s operates six properties in the greater New York City area, functioning as a real estate investment trust.