Alexander's Stock Price, News & Analysis

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.

ALEXANDER’S, Inc. (NYSE: ALX) will file its quarterly report on Form 10-Q for the period ending March 31, 2021, with the SEC and release earnings on May 3, 2021, before NYSE opens. Vornado Realty Trust (NYSE: VNO), managing Alexander’s operations, will conduct a conference call on May 4, 2021, at 10:00 a.m. ET to discuss earnings. The call can be accessed at 888-771-4371 (domestic) or 847-585-4405 (international), using passcode 50145196. Alexander’s operates seven properties in the NYC area.

ALEXANDER’S, INC. (ALX) reported its financial results for Q4 and the year ended December 31, 2020. Net income for Q4 2020 was $18.4 million ($3.60 per share), an increase from $14.4 million ($2.82 per share) in Q4 2019. Funds from operations (FFO) for Q4 2020 reached $25.4 million ($4.96 per share), up from $24.6 million ($4.81 per share) in the same quarter previous year. However, net income for the full year decreased to $41.9 million ($8.19 per share) from $60.1 million ($11.74 per share) in 2019. FFO for the year fell to $82.5 million ($16.11 per share) from $99.7 million ($19.47 per share) in 2019.

Alexander’s, Inc. (NYSE: ALX) will file its annual report on Form 10-K for the fiscal year ending December 31, 2020, on February 16, 2021, prior to the NYSE opening. The company, managed by Vornado Realty Trust (NYSE: VNO), will also announce its fourth quarter and full-year earnings on this date. A quarterly earnings conference call will be held on February 17, 2021, at 10:00 a.m. ET, discussing key financial metrics and operational updates for Alexander's, which operates seven properties in the New York City area.