Every 10-Q that Alexander's Inc. (ALX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ALX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALX filings page.
Alexander’s, Inc., a New York City–focused REIT, reported second‑quarter 2026 net income of $155,362 (amounts in thousands), or $30.24 per diluted share, largely driven by a $148,002 gain on the sale of its Rego Park I property. Rental revenues rose to $54,711, and funds from operations (FFO, non‑GAAP) increased modestly to $15,538, or $3.02 per diluted share. For the first six months, net income was $160,024, or $31.15 per share, while FFO declined to $28,902, or $5.63 per share.
The sale of Rego Park I generated total proceeds of $202,750,000 and boosted cash and restricted cash to $358,345 at June 30, 2026, against mortgages payable of $840,522 (principal). The 2,110,000‑square‑foot portfolio remained highly occupied, with commercial occupancy of 94.6% and residential occupancy of 97.4%. Bloomberg L.P. continued to be the dominant tenant, contributing $65,229 of revenue for the six‑month period, approximately 60% of rental revenues, under a lease now extended to 2040 and temporarily supported by a rent abatement funded from a tenant incentive.
At the Rego Park shopping center, the company arranged for a potential early lease termination in August 2026 from a 135,000‑square‑foot tenant for approximately $29,000,000 and simultaneously signed a new 15‑year lease with Target for that space. Most debt is fixed‑rate, and an interest rate cap limits SOFR on the $175,000,000 Rego Park loan. Alexander’s paid common dividends of $4.50 per share in the quarter.
Alexander’s, Inc. reported weaker first-quarter 2026 results, with net income of $4.662M or $0.91 per share, down from $12.312M or $2.40 a year earlier. Rental revenues slipped to $53.412M from $54.915M as Home Depot’s lease at 731 Lexington expired and leases rolled at Rego Park I.
Funds from operations (FFO, non-GAAP) fell to $13.364M or $2.60 per share from $20.842M or $4.06, reflecting lower rental income, higher operating costs and reduced interest income. Bloomberg contributed $32.471M of revenue, about 61% of rental revenues, underscoring significant tenant concentration.
The company agreed to sell its Rego Park I shopping center for $235.5M, expecting approximately $202M of net proceeds and a projected financial-statement gain of about $147M, with closing targeted by the third quarter of 2026. As of March 31, 2026, Alexander’s held $152.051M in cash and restricted cash and had mortgages payable of $838.596M, supported by an interest rate cap on its Rego Park II variable-rate debt.
Alexander’s, Inc. (ALX) filed its Q3 2025 report, showing stable quarterly operating metrics alongside key financing and tenant updates. Net income was $5.97 million ($1.16 per share) versus $6.68 million a year ago, as rental revenues declined to $53.42 million from $55.68 million. FFO (non‑GAAP) was $14.92 million ($2.91 per share), modestly above last year’s $14.58 million.
Year to date, net income was $24.40 million ($4.75 per share) and FFO was $50.52 million ($9.84 per share), reflecting lower rental revenues after Home Depot’s lease at 731 Lexington expired on January 31, 2025 (prior annual rent about $15 million). Bloomberg accounted for $96.66 million of rental revenue for the nine months, approximately 60% of rental revenues. Commercial occupancy was 94.9% and residential 97.1%.
Liquidity totaled $352.26 million in cash and restricted cash. The $300 million mortgage on the 731 Lexington retail condominium was extended 60 days on August 1, 2025; the Company did not repay on the extended maturity date of October 3, 2025 and is in discussions with lenders regarding a potential restructuring. Mortgages payable were $987.10 million net, and interest expense declined notably year over year.
ALX’s Q2 2025 10-Q shows softer fundamentals. Rental revenue fell 3.4 % YoY to $51.6 m and six-month revenue dropped 7.2 % to $106.5 m, mainly from Home Depot’s 83 k sq ft lease expiry at 731 Lexington (-$6.3 m YTD) and the prior IKEA termination at Rego Park I. Operating expenses rose 3.8 % while interest income shrank, cutting Q2 net income 27 % to $6.1 m ($1.19 EPS) and YTD income 25 % to $18.4 m ($3.59 EPS). Funds-from-operations slipped to $2.88 per share in Q2 (-13 %) and $6.93 YTD (-16 %).
Balance sheet/liquidity. Cash & restricted cash remain strong at $390 m (30 % of market cap), with Q2 operating cash flow of $59 m vs $28 m a year ago. Debt totals $995 m; two SOFR-based loans—$300 m on 731 Lexington retail (now extended only to 3 Oct 2025) and $201 m on Rego Park II—mature within 15 months. Weighted-avg interest cost is 5.17 % after hedges; a cap limits SOFR at 4.15 % on Rego Park II through Dec 2025.
Key operating metrics. Commercial occupancy 94.8 %, residential 98.7 %. Bloomberg L.P. contributed 61 % of rental revenue; loss of this tenant would materially harm results. NOI declined 9.6 % to $25.7 m for the quarter. Dividends of $4.50 per share were paid, equal to 126 % of Q2 EPS and 65 % of Q2 FFO.
Forward issues. Management is exploring sale/development options for Rego Park I, which will be vacant after Burlington and Marshalls relocate in 2025. Near-term refinancing of $500 m variable-rate debt and tenant concentration represent the principal risks to cash flow and valuation.