Alexander's Inc. reports developments for a New York City real estate investment trust with five properties. Company news centers on quarterly and annual operating results, net income, funds from operations, regular dividends on common shares, and the timing of SEC reports and related conference-call disclosures conducted through Vornado Realty Trust, the manager of Alexander's operations.
Recurring updates also cover property-level lease and financing matters, including agreements tied to 731 Lexington Avenue in Manhattan and debt transactions involving New York City retail and shopping-center assets. These announcements frame Alexander's as an owner and operator whose public disclosures are closely tied to tenant leases, mortgage financing, and cash flows from its property portfolio.
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.
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.