Alexander's Stock Price, News & Analysis

ALEXANDER’S, INC. (NYSE: ALX) reported strong financial results for Q3 2021, with net income increasing to $11.4 million ($2.22 per diluted share), up from $6.6 million ($1.29 per diluted share) in Q3 2020. Funds from operations (FFO) also rose to $21.2 million ($4.13 per diluted share) compared to $15.4 million ($3.00 per diluted share) in the prior year. For the nine months ended September 30, 2021, net income was $55.2 million ($10.77 per diluted share), a substantial increase from $23.5 million ($4.59 per diluted share) in 2020. Total FFO for the period reached $68.1 million ($13.29 per diluted share), up from $57.1 million ($11.15 per diluted share) in the same period last year.

ALEXANDER’S, Inc. (NYSE: ALX) has declared a quarterly dividend of $4.50 per share, scheduled for payment on November 19, 2021, to stockholders of record by November 8, 2021. The company, a real estate investment trust, manages six properties within the greater New York City area. This dividend announcement reflects the company’s commitment to returning value to its shareholders in the current economic climate.

Alexander's, Inc. (ALX) has announced it will release its third quarter earnings for the period ending September 30, 2021, on November 1, 2021, prior to market opening. The earnings conference call, organized by its manager Vornado Realty Trust (VNO), is scheduled for November 2, 2021 at 10:00 a.m. ET. Alexander's operates six properties in the New York City metropolitan area. Investors are advised to check for potential forward-looking statements regarding the company's future performance and risks including property improvements and the impact of COVID-19.

ALEXANDER'S, INC. (NYSE: ALX) reported strong financial results for Q2 2021, with a net income of $25.9 million or $5.05 per diluted share, up from $12.3 million or $2.41 in Q2 2020. The earnings included a $9.1 million gain from real estate sales. For the first half of 2021, net income reached $43.8 million, translating to $8.55 per diluted share, compared to $16.9 million or $3.30 in the prior year. Funds from operations also rose to $21.1 million, or $4.12 per share, from $18.0 million or $3.51 in 2020.

ALEXANDER'S, Inc. (NYSE: ALX) announced a regular quarterly dividend of $4.50 per share, payable on August 20, 2021, to stockholders of record on August 9, 2021. The announcement reflects the company's ongoing commitment to return value to shareholders. Alexander's, Inc. operates as a real estate investment trust with seven properties located in the New York City metropolitan area. This dividend signifies the company’s confidence in its fiscal health and operational stability.

Alexander's, Inc. (NYSE: ALX) will file its quarterly report for the period ending June 30, 2021, on August 2, 2021, prior to the NYSE opening. The company's manager, Vornado Realty Trust (NYSE: VNO), will host a quarterly earnings conference call on August 3, 2021, at 10:00 a.m. ET, where Alexander's performance may be discussed. The public can access the call by phone or via a webcast on Vornado's website. Alexander's operates seven properties in the greater New York City area.

ALEXANDER’S, INC. (ALX) announced the exercise of a purchase option by IKEA Property for its Paramus, New Jersey property, with an anticipated closing in Q4 2021. The purchase price is set at $75 million, and after repaying a $68 million mortgage, the company expects around $6 million in net cash proceeds. The projected financial gain from this transaction is approximately $60 million, with a tax gain of about $63 million. Alexander’s does not plan to distribute a special dividend from this sale.

ALEXANDER'S, INC. (NYSE: ALX) reported strong financial results for Q1 2021, with net income of $17.9 million ($3.49 per diluted share), a significant increase from $4.6 million ($0.89 per diluted share) in Q1 2020. Funds from operations (FFO) reached $25.8 million ($5.03 per diluted share), up from $23.7 million ($4.64 per diluted share) year-over-year. The company collected approximately 95% of the rent due from tenants during this period. Total revenue for Q1 2021 was $56.2 million, compared to $54.1 million in the same quarter last year.

Alexander’s, Inc. (NYSE: ALX) has declared a quarterly dividend of $4.50 per share, payable on May 21, 2021, to shareholders of record on May 10, 2021. This announcement reassures investors of the company's commitment to return value while managing its portfolio of seven properties in the greater New York City area.

Furthermore, potential risks affecting future performance include property improvement costs, tenant financial health, and the continuing impact of the COVID-19 pandemic.