Alexander's Inc.

Symbol: ALX
CIK: 3499
Exchange: NYSE
Founded: 1955 (64 years)
HQ: Paramus, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Diversified

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See ALX on SEC.gov

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Overall Score: 6.0

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Alexander's Inc. Company Logo

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Hightlights of Trading Day October 18, 2019


Open Price: $352.43
Closing Price: $354.19
Price Change: 1.71 (0.485%)
Lowest Price: $350.76
Highest Price: $355.01

52-Week Low: $295.75
52-Week High: $394.70
52-Week Change: 7.38%

5 Day Price Change: -0.39%
1 Month Price Change: 1.90%
3 Month Price Change: -6.84%
6 Month Price Change: -5.86%
YTD Price Change: 17.11%
1 Year Price Change: 6.86%
2 Year Price Change: -18.03%
5 Year Price Change: -13.55%

Dividend of Trading Day October 18, 2019


Dividend Yield: 5.082%*
Annualized Dividend: $18*
Dividend Yield (TTM): 5.082%
Annualized Dividend (TTM): $18
Ex Dividend Date: 2019-08-02
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.

Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $289,495,000
Current Debt: N/A
Revenue: $204,858,000
Gross Profit: $103,581,000
Total Revenue: $204,858,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $93,754,000
Revenue Per Share: $40
Revenue Per Employee: $2,926,543
Employee: 70
Debt to Equity Ratio (D/E): 4.07
Profit Margin: 0.16%
Enterprise Value (EV): $2,679,150,950
Enterprise Value to Revenue (EV/R): 13.08
Price to Sales (P/S): 8.82
Price to Book (P/B): 6.34
Peg Ratio: N/A
P/E Ratio: 33.50
P/E High: 179.41
P/E Low: 134.43
Forward P/E Ratio: N/A
Market Capitalization: $1,808,848,330
Beta: 0.40
Latest Volume: 36,424.00
Avg. Total Volume: 36,028
Avg. 10 Volume: 33,121.80
Avg. 30 Volume: 36,028.13
TTM EPS: 10.57
TTM Dividend Rate: 18.00
Shares Outstanding: 5,107,000
Float: 2,118,884.09
50-Day Moving Avg.: 358.10
200-Day Moving Avg.: 365.14

Properties Owned by ALX


Properties owned:
7
Types:
2
States:
1
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
ALX Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by ALX, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 289,322,000 312,734,000 289,495,000 309,247,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 17,926,000 23,204,000 23,166,000 29,595,000
Property, Plant & Equipment Net 4,796,000 4,928,000 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 68,777,000 54,345,000 69,754,000 58,054,000
Net Tangible Assets 268,610,000 279,942,000 285,092,000 298,145,000
Total Assets 1,276,471,000 1,295,712,000 1,481,257,000 1,500,872,000
Accounts Payable 0 0 0 0
Liabilities (Other) 34,336,000 48,658,000 34,631,000 39,799,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 0 321,226,000
Long-term Debt 973,125,000 967,112,000 1,161,534,000 841,702,000
Total Liabilities 1,007,861,000 1,015,770,000 1,196,165,000 1,202,727,000
Minority Interest 0 0 0 0
Common Stock 5,173,000 5,173,000 5,173,000 5,173,000
Retained Earnings 231,535,000 243,280,000 248,443,000 261,500,000
Treasury Stock 368,000 368,000 368,000 368,000
Capital Surplus 32,365,000 31,971,000 31,971,000 31,971,000
Shareholder Equity 268,610,000 279,942,000 285,092,000 298,145,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 48,063,000 48,950,000 57,567,000 59,125,000
Cost of Revenue 22,262,000 22,444,000 32,044,000 35,239,000
Gross Profit 25,801,000 26,506,000 25,523,000 23,886,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 23,560,000 23,094,000 32,713,000 35,769,000
Operating Income 19,225,000 25,894,000 18,425,000 22,532,000
Income Expense Net (Other) -7,942,000 -8,029,000 -8,453,000 -7,528,000
EBIT 19,225,000 25,894,000 18,425,000 22,532,000
Interest Income 10,165,000 10,159,000 12,418,000 11,341,000
Pretax Income 11,283,000 17,865,000 9,972,000 15,004,000
Income Tax 0 0 1,000 1,000
Minority Interest 0 0 0 0
Net Income 11,283,000 17,865,000 9,971,000 15,003,000
Net Income Basic 11,283,000 17,865,000 9,971,000 15,003,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 11,283,000 17,865,000 9,971,000 15,003,000
Depreciation 7,869,000 7,828,000 7,881,000 5,468,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -23,412,000 23,239,000 -19,752,000 9,164,000
Cash Flow 2,701,000 48,083,000 6,885,000 33,188,000
Capital Expenditures 0 0 0 0
Investments -3,085,000 -1,816,000 -1,452,000 -725,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -3,085,000 -1,816,000 -923,000 56,000
Dividends Paid -23,028,000 -23,028,000 -23,028,000 -23,028,000
Net Borrowings 0 0 -2,686,000 -1,052,000
Cash Flow Financing -23,028,000 -23,028,000 -25,714,000 -24,080,000
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
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
5 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
10 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.8
7 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.5
7 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
3 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
2 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
4 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
3 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
6 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
6.0 Overall REITRating™ Score 6.6

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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