Alexander's, Inc. (ALX) AI Stock Analysis

Alexander's, Inc. operates as a real estate investment trust based in Delaware, focusing on the leasing, management, development, and redevelopment of its portfolio of properties. The company is managed by Vornado Realty Trust, which oversees leasing and development activities for Alexander's and its consolidated subsidiaries. Alexander's owns and manages a collection of five properties located in New York City, aiming to enhance asset value and leverage opportunities in the New York City real estate market.

Over a five-year period from FY2020 to FY2025, revenue grew at a CAGR of 1.4%. Annual revenue decreased 5.8% in FY2025 to $213.2M, compared to $226.4M in FY2024 and $225.0M in FY2023. Operating margin was 30.6% in FY2025, down from 36.1% in FY2024 and 52.2% in FY2023, while net income fell to $28.2M with EPS of $5.50. For the trailing twelve months ended June 30, 2026, revenue stood at $214.8M with a net profit margin of 79.1% and EPS of $33.06. In the latest quarter, revenue rose 6.1% year-over-year, and earnings surged 2441.2%.

As of June 30, 2026, Alexander's held $358.3M in cash and short-term investments against total debt of $856.6M, resulting in net debt of $498.3M. Total assets stood at $1.20B, shareholders' equity was $223.6M, and the current ratio was 16.17, with a debt-to-equity ratio of 3.83. Free cash flow reached $73.4M in FY2025, equal to operating cash flow. In FY2025, cash deployment included $20.8M in capital expenditures and $92.4M in dividends paid, while the five-year share count increased 0.3%.

At $233.66 per share, Alexander's has a market cap of $1.19B and an enterprise value of $1.89B. Its trailing P/E of 7.1x and EV/EBITDA of 7.4x compare to 21.6x and 14.7x, respectively, for the median of its US-listed Real Estate peers. However, its forward P/E of 35.6x is above the peer median of 23.5x, and its price-to-sales ratio is 5.6x versus the peer median of 3.7x. Over the past year, the stock returned 8.3%, trailing the S&P 500 return of 16.8%, and its five-year return of 25.2% lagged the index return of 83.0%.

Alexander's pays an annualized forward dividend of $18.00 per share, representing a 7.70% dividend yield. The payout ratio is 3.1%, and dividends are distributed on a quarterly frequency. The company has paid dividends for 17 consecutive years, though its five-year annualized dividend growth is 0.0%. The most recent ex-dividend date was August 10, 2026.

Wall Street coverage includes 1 Sell rating, with 0 Buy, Strong Buy, or Hold ratings. The mean price target is $192.00, representing a potential decline of 17.8% from the last close of $233.66. Analysts estimate FY2026 revenue of $244.7M and FY2027 revenue of $229.4M, implying a 6.2% decrease. Alexander's beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 2, 2026.

This page is an AI-written research summary of Alexander's, Inc. (ALX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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