Alexander's Inc. | REIT Profile

Symbol: ALX
CIK: 3499
Exchange: NYSE
Founded: 1955 (67 years)
HQ: Paramus, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Diversified

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See ALX on SEC.gov

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Overall Score: 6.7

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 14, 2022


Open Price: $260.98
Closing Price: $262.49
Price Change: 1.38 (0.529%)
Lowest Price: $260.5
Highest Price: $263.67

52-Week Low: $244.83
52-Week High: $295.11
52-Week Change: 2.77%

5 Day Price Change: -3.83%
1 Month Price Change: 2.40%
3 Month Price Change: -4.54%
6 Month Price Change: 1.36%
YTD Price Change: 0.31%
1 Year Price Change: 2.26%
2 Year Price Change: -12.15%
5 Year Price Change: -21.50%

Dividend of Trading Day January 14, 2022


Dividend Yield: 6.857%*
Annualized Dividend: $18*
Dividend Yield (TTM): 6.728%
Annualized Dividend (TTM): $17.5663
Ex-Dividend Date: 2021-11-05
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: $458,348,000
Current Debt: $55,292,000
Revenue: $212,546,000
Gross Profit: $212,546,000
Total Revenue: $212,546,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $122,594,000
Revenue Per Share: $42
Revenue Per Employee: $3,080,377
Employee: 70
Debt to Equity Ratio (D/E): 7.27
Profit Margin: 0.35%
Enterprise Value (EV): $2,032,479,492
Enterprise Value to Revenue (EV/R): 9.56
Price to Sales (P/S): 6.27
Price to Book (P/B): 6.86
Price/Earnings-to-Growth (PEG) Ratio: 0.19
P/E Ratio: 18.27
P/E High: 9.02
P/E Low: 6.52
Forward P/E Ratio: 27.84
Market Capitalization: $1,340,612,552
Beta: 0.71
Latest Volume: 9,549
Avg. Total Volume: 13,102
Avg. 10-Day Volume: 11,712
Avg. 30-Day Volume: 13,102
TTM EPS: 14.37
Shares Outstanding: 5,107,290
Float: N/A
50-Day Moving Avg.: $260.15
200-Day Moving Avg.: $264.01

Properties Owned by ALX


Properties Based on REIT's Official Presentation

Properties Types States Countries
7 2 1 1

Please visit REIT’s official webpage for the most up-to-date property list.

ALX Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $322.92 per share you would have been able to buy 3 shares of ALX on 2021-01-16 costing $968.76 @ $322.92 per share you would have been able to buy 1 shares of ALX on 2021-01-16 costing $322.92 @ $322.92 per share you would have been able to buy 0 shares of ALX on 2021-01-16 costing $0.00 @ $322.92 per share you would have been able to buy 0 shares of ALX on 2021-01-16 costing $0.00 @ $322.92 per share you would have been able to buy 0 shares of ALX on 2021-01-16 costing $0.00
Current worth On 2022-01-14 these 3 shares would be worth $787.47 @ $262.49 On 2022-01-14 these 1 shares would be worth $262.49 @ $262.49 On 2022-01-14 these 0 shares would be worth $0.00 @ $262.49 On 2022-01-14 these 0 shares would be worth $0.00 @ $262.49 On 2022-01-14 these 0 shares would be worth $0.00 @ $262.49
Dividends earned $54.00 in dividends would have been earned since 2021-01-16 with 3 shares. $18 in dividends would have been earned since 2021-01-16 with 1 shares. $0.00 in dividends would have been earned since 2021-01-16 with 0 shares. $0.00 in dividends would have been earned since 2021-01-16 with 0 shares. $0.00 in dividends would have been earned since 2021-01-16 with 1 shares.
Net (gain / loss)* -127.29 USD -42.43 USD 0.00 USD 0.00 USD 0.00 USD
ROI** -13.14% -13.14% nan% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by ALX. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
ALX 2021-11-05 4.500 --- 2021-10-27 2021-11-08 2021-11-19
ALX 2021-08-06 4.500 --- 2021-07-28 2021-08-09 2021-08-20
ALX 2021-05-07 4.500 --- 2021-04-28 2021-05-10 2021-05-21
ALX 2021-01-29 4.500 --- 2021-01-20 2021-02-01 2021-02-12
ALX 2020-11-06 4.500 --- 2020-10-28 2020-11-09 2020-11-20
ALX 2020-08-07 4.500 --- 2020-07-29 2020-08-10 2020-08-21
ALX 2020-05-08 4.500 --- 2020-04-29 2020-05-11 2020-05-22
ALX 2020-01-24 4.500 --- 2020-01-15 2020-01-27 2020-02-14
ALX 2019-11-01 4.500 --- 2019-10-24 2019-11-04 2019-11-18
ALX 2019-08-02 4.500 --- 2019-07-24 2019-08-05 2019-08-16
ALX 2019-05-03 4.500 --- 2019-04-24 2019-05-06 2019-05-17
ALX 2019-01-25 4.500 --- 2019-01-16 2019-01-28 2019-02-14
ALX 2018-11-02 4.500 --- 2018-10-24 2018-11-05 2018-11-19
ALX 2018-08-03 4.500 --- 2018-07-25 2018-08-06 2018-08-17
ALX 2018-05-04 4.500 --- 2018-04-25 2018-05-07 2018-05-18
ALX 2018-01-26 4.500 5.88% 2018-01-17 2018-01-29 2018-02-15
ALX 2017-11-03 4.250 --- 2017-10-25 2017-11-06 2017-11-20
ALX 2017-08-03 4.250 --- 2017-07-26 2017-08-07 2017-08-18
ALX 2017-05-04 4.250 --- 2017-04-26 2017-05-08 2017-05-19
ALX 2017-01-26 4.250 6.25% 2017-01-18 2017-01-30 2017-02-15

Financial Statements Overview


The next Earnings Report for ALX is 2022-02-14

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 458,348,000 457,991,000 465,990,000 434,734,000
Receivables 144,482,000 147,817,000 149,467,000 153,390,000
Inventory 0 0 0 0
Current Assets 623,688,000 627,177,000 636,589,000 609,291,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 789,898,000 801,867,000 774,646,000 794,847,000
Property, Plant & Equipment Net 712,470,000 714,075,000 715,385,000 720,921,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 77,428,000 87,792,000 59,261,000 73,926,000
Net Tangible Assets 194,311,000 205,805,000 203,258,000 203,228,000
Total Assets 1,413,586,000 1,429,044,000 1,411,235,000 1,404,138,000
Accounts Payable 0 0 0 0
Liabilities (Other) 6,720,000 6,887,000 7,052,000 7,882,000
Current Liabilities (Other) 55,292,000 59,466,000 44,408,000 36,858,000
Total Current Liabilities 55,292,000 59,466,000 44,408,000 36,858,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,157,263,000 1,156,886,000 1,156,517,000 1,156,170,000
Total Liabilities 1,219,275,000 1,223,239,000 1,207,977,000 1,200,910,000
Minority Interest 0 0 0 0
Common Stock 5,124,478 5,123,255 5,122,206 5,122,236
Retained Earnings 152,186,000 163,845,000 160,997,000 166,165,000
Treasury Stock -368,000 -368,000 -368,000 -368,000
Capital Surplus 0 0 0 0
Shareholder Equity 194,311,000 205,805,000 203,258,000 203,228,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 48,950,000 51,388,000 56,153,000 56,055,000
Cost of Revenue 0 0 0 0
Gross Profit 48,950,000 51,388,000 56,153,000 56,055,000
Research and Development 0 0 0 0
Selling General and Admin 1,272,000 1,823,000 1,543,000 1,359,000
Operating Expense 31,713,000 33,377,000 33,885,000 35,011,000
Operating Income 17,237,000 18,011,000 22,268,000 21,044,000
Income Expense Net (Other) 0 9,124,000 0 0
EBIT 17,237,000 27,135,000 22,268,000 21,044,000
Interest Income 5,124,000 5,086,000 5,140,000 4,996,000
Pretax Income 11,401,000 25,898,000 17,882,000 18,432,000
Income Tax 0 0 0 0
Minority Interest 0 0 0 0
Net Income 11,401,000 25,898,000 17,882,000 18,432,000
Net Income Basic 11,401,000 25,898,000 17,882,000 18,432,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 11,401,000 25,898,000 17,882,000 18,432,000
Depreciation 9,420,000 8,545,000 8,958,000 35,121,000
Changes in Receivables 144,482,000 147,817,000 149,467,000 153,390,000
Changes in Inventories 0 0 0 0
Cash Change 458,348,000 457,991,000 465,990,000 434,734,000
Cash Flow 28,400,000 8,553,000 53,966,000 22,545,000
Capital Expenditures -4,625,000 -6,244,000 -3,842,000 -32,460,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -4,625,000 3,047,000 -242,000 -8,830,000
Dividends Paid 0 0 0 0
Net Borrowings 698,915,000 698,895,000 690,527,000 721,436,000
Cash Flow Financing -115,350,000 23,060,000 23,085,000 66,384,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Alexander's Inc.


Alexander’s, Inc., a real estate investment trust, engages in leasing, managing, developing, and redeveloping properties in the greater New York City metropolitan area. The company’s properties include office and retail spaces, and shopping centers.The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. Alexander’s, Inc. was founded in 1955 and is based in Paramus, New Jersey. It owns seven properties comprising operating properties and a property to be developed.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
10 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
6 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 7.7
7 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
1 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
7 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
6 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
4 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
2 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
6.7 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-16 - v2.8