NYSE : ALX
Alexander's, Inc. — Financial statements
Real Estate · REIT - Retail · United States
Last price 251.62 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.29B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 233.43M | 213.18M | 226.37M | 224.96M | 205.81M | 206.15M |
| Total Revenue | 233.43M | 213.18M | 226.37M | 224.96M | 205.81M | 206.15M |
| Property Expenses | 109.79M | 106.38M | 103.24M | 101.21M | 90.45M | 91.09M |
| Selling, General & Administrative | 8.63M | 6.55M | 6.52M | 6.34M | 6.11M | 5.92M |
| Depreciation & Amortization | 34.72M | 35.06M | 34.78M | 32.90M | 29.80M | 32.94M |
| Total Operating Expenses | 153.14M | 147.99M | 144.54M | 140.45M | 126.35M | 129.95M |
| Operating Income | 80.30M | 65.19M | 81.83M | 84.51M | 79.47M | 76.20M |
| Interest Expense | -46.41M | -51.62M | -62.82M | -58.30M | -28.60M | -19.69M |
| Interest & Investment Income | 9.36M | 14.66M | 24.43M | 22.25M | 6.77M | 639.00K |
| EBT Excluding Unusual Items | 43.25M | 28.22M | 43.44M | 48.46M | 57.63M | 57.15M |
| Gain (Loss) on Sale of Investments | 3.48M | |||||
| Gain (Loss) on Sale of Assets | 148.00M | 53.95M | 69.95M | |||
| Pretax Income | 191.25M | 28.22M | 43.44M | 102.41M | 57.63M | 130.58M |
| Earnings From Continuing Operations | 191.25M | 28.22M | 43.44M | 102.41M | 57.63M | 130.58M |
| Earnings From Discontinued Operations | 2.35M | |||||
| Net Income | 191.25M | 28.22M | 43.44M | 102.41M | 57.63M | 132.93M |
| Net Income to Common | 191.25M | 28.22M | 43.44M | 102.41M | 57.63M | 132.93M |
| Basic Shares Outstanding | 5.14M | 5.14M | 5.13M | 5.13M | 5.13M | 5.12M |
| Diluted Shares Outstanding | 5.14M | 5.14M | 5.13M | 5.13M | 5.13M | 5.12M |
| EPS (Basic) | 37.23 | 5.50 | 8.46 | 19.97 | 11.24 | 25.94 |
| EPS (Diluted) | 37.23 | 5.50 | 8.46 | 19.97 | 11.24 | 25.94 |
| Dividend Per Share | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 |
| Operating Margin | 34.40% | 30.58% | 36.15% | 37.57% | 38.61% | 36.96% |
| Profit Margin | 81.93% | 13.24% | 19.19% | 45.52% | 28.00% | 64.48% |
| EBITDA | 114.56M | 100.25M | 116.61M | 117.41M | 109.26M | 109.14M |
| EBITDA Margin | 49.08% | 47.03% | 51.51% | 52.19% | 53.09% | 52.94% |
| D&A For Ebitda | 34.26M | 35.06M | 34.78M | 32.90M | 29.80M | 32.94M |
| EBIT | 80.30M | 65.19M | 81.83M | 84.51M | 79.47M | 76.20M |
| EBIT Margin | 34.40% | 30.58% | 36.15% | 37.57% | 38.61% | 36.96% |
| Funds From Operations (FFO) | 62.99M | 62.99M | 77.97M | 81.07M | 87.09M | 89.76M |
| FFO Per Share | 12.27 | 15.19 | 15.80 | 16.99 | 17.52 | |
| Adjusted Funds From Operations (AFFO) | 62.99M | 77.97M | 81.07M | 87.09M | 89.76M | |
| AFFO Per Share | 12.27 | 15.19 | 15.80 | 16.99 | 17.52 | |
| FFO Payout Ratio | 146.78% | 146.72% | 118.48% | 113.88% | 105.94% | 102.74% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 563.95M | 646.27M | 641.57M | 650.72M | 688.33M | 698.87M |
| Cash & Equivalents | 299.79M | 128.17M | 338.53M | 531.86M | 194.93M | 463.54M |
| Accounts Receivable | 107.00M | 113.19M | 116.86M | 130.94M | 132.20M | 141.84M |
| Investment In Debt and Equity Securities | 266.96M | |||||
| Restricted Cash | 49.34M | 64.06M | 55.30M | 21.12M | 19.55M | 19.97M |
| Trading Asset Securities | 3.00K | 4.49M | 22.61M | 29.35M | 7.54M | |
| Deferred Long-Term Charges | 143.94M | 152.91M | 163.68M | 24.89M | 28.49M | 31.31M |
| Other Long-Term Assets | 34.30M | 6.11M | 20.86M | 21.55M | 37.96M | 28.89M |
| Total Assets | 1.20B | 1.11B | 1.34B | 1.40B | 1.40B | 1.39B |
| Current Portion of Leases | 800.00K | |||||
| Long-Term Debt | 837.16M | 829.45M | 988.02M | 1.09B | 1.09B | 1.09B |
| Long-Term Leases | 20.50M | |||||
| Accounts Payable | 35.94M | 36.54M | 38.74M | 51.75M | 48.78M | 44.68M |
| Accrued Expenses | 134.00K | 1.16M | 715.00K | 801.00K | 879.00K | |
| Other Long-Term Liabilities | 95.96M | 114.13M | 136.51M | 21.01M | 20.64M | 4.20M |
| Total Liabilities | 970.42M | 1.00B | 1.16B | 1.17B | 1.16B | 1.14B |
| Common Stock | 5.17M | 5.17M | 5.17M | 5.17M | 5.17M | 5.17M |
| Additional Paid-In Capital | 35.81M | 35.16M | 34.77M | 34.31M | 33.87M | 33.41M |
| Retained Earnings | 187.28M | 69.20M | 133.40M | 182.34M | 172.24M | 206.88M |
| Treasury Stock | -368.00K | -368.00K | -368.00K | -368.00K | -368.00K | -368.00K |
| Comprehensive Income & Other | -4.00K | -9.00K | 3.89M | 16.20M | 25.59M | 7.49M |
| Shareholders' Equity | 227.89M | 109.16M | 176.86M | 237.66M | 236.50M | 252.59M |
| Total Liabilities & Equity | 1.20B | 1.11B | 1.34B | 1.40B | 1.40B | 1.39B |
| Total Debt | 837.16M | 850.75M | 988.02M | 1.09B | 1.09B | 1.09B |
| Net Cash (Debt) | -537.38M | -722.58M | -645.00M | -538.09M | -866.77M | -618.53M |
| Net Cash Per Share | -104.60 | -140.72 | -125.67 | -104.90 | -169.09 | -120.72 |
| Filing Date Shares Outstanding | 5.11M | 5.11M | 5.11M | 5.11M | 5.11M | 5.11M |
| Total Common Shares Outstanding | 5.11M | 5.11M | 5.11M | 5.11M | 5.11M | 5.11M |
| Book Value Per Share | 44.62 | 21.37 | 34.63 | 46.53 | 46.31 | 49.46 |
| Tangible Book Value | 227.89M | 109.16M | 176.86M | 237.66M | 236.50M | 252.59M |
| Tangible Book Value Per Share | 44.62 | 21.37 | 34.63 | 46.53 | 46.31 | 49.46 |
| Land | 30.62M | 32.27M | 32.27M | 32.27M | 33.05M | 33.05M |
| Buildings | 975.17M | 1.07B | 1.05B | 1.03B | 1.03B | 1.01B |
| Construction In Progress | 1.07M | 2.15M | 6.79M | 281.00K | 22.04M | 21.85M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 191.25M | 28.22M | 43.44M | 102.41M | 57.63M | 132.93M |
| Depreciation & Amortization | 34.26M | 35.06M | 34.78M | 32.90M | 29.80M | 32.94M |
| Other Amortization | 3.08M | 3.08M | 3.12M | 1.57M | 1.66M | 1.65M |
| Gain (Loss) on Sale of Assets | -148.00M | -53.95M | -72.30M | |||
| Gain (Loss) on Sale of Investments | 136.00K | 600.00K | 6.48M | 7.77M | -3.48M | |
| Stock-Based Compensation | 656.00K | 394.00K | 450.00K | 450.00K | 450.00K | 450.00K |
| Change in Accounts Receivable | 804.00K | 1.00M | 165.00K | -572.00K | 1.68M | 1.73M |
| Change in Accounts Payable | -9.78M | -1.42M | -13.70M | 3.26M | 3.14M | 12.50M |
| Change in Other Net Operating Assets | -39.81M | -5.09M | -34.25M | 14.06M | 3.16M | 2.22M |
| Other Operating Activities | 20.73M | 11.59M | 13.61M | 1.21M | 5.03M | 9.82M |
| Operating Cash Flow | 53.34M | 73.44M | 54.11M | 109.11M | 102.55M | 118.47M |
| Acquisition of Real Estate Assets | -11.27M | -20.79M | -19.79M | -4.68M | -14.39M | -19.52M |
| Sale of Real Estate Assets | 205.82M | 67.82M | 81.87M | |||
| Net Sale / Acq. of Real Estate Assets | 194.55M | -20.79M | -19.79M | 63.14M | -14.39M | 62.35M |
| Investment in Marketable & Equity Securities | 264.88M | -264.88M | 13.11M | |||
| Other Investing Activities | 6.56M | -6.21M | ||||
| Investing Cash Flow | 194.55M | -20.79M | -13.22M | 321.81M | -279.27M | 75.46M |
| Long-Term Debt Issued | 175.00M | 400.00M | ||||
| Long-Term Debt Repaid | -335.04M | -500.00M | -68.00M | |||
| Net Debt Issued (Repaid) | -156.85M | -160.04M | -100.00M | -68.00M | ||
| Common Dividends Paid | -92.46M | -92.42M | -92.38M | -92.32M | -92.26M | -92.22M |
| Other Financing Activities | -1.69M | -1.80M | -7.65M | -104.00K | -46.00K | -74.00K |
| Net Cash Flow | -3.12M | -201.61M | -159.14M | 338.50M | -269.03M | 33.63M |
| Levered Free Cash Flow | 74.49M | 38.71M | 17.57M | 53.86M | 77.78M | 91.81M |
| Unlevered Free Cash Flow | 100.41M | 67.89M | 53.71M | 88.73M | 94.00M | 102.46M |
| Cash Interest Paid | 38.94M | 48.19M | 59.69M | 53.98M | 25.93M | 18.57M |
| Change in Working Capital | -48.78M | -5.51M | -47.78M | 16.75M | 7.98M | 16.46M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.34B | 1.11B | 1.02B | 1.09B | 1.12B | 1.33B |
| Enterprise Value | 1.88B | 1.84B | 1.67B | 1.66B | 1.94B | 2.03B |
| Last Close Price | 251.62 | 206.43 | 174.31 | 171.91 | 161.64 | 177.85 |
| Price/FFO Ratio | 16.82 | 11.47 | 10.88 | 9.51 | 10.15 | |
| Price/AFFO Ratio | 16.83 | 11.47 | 10.88 | 9.51 | 10.15 | |
| PE Ratio | 7.04 | 39.44 | 23.52 | 10.65 | 19.50 | 10.00 |
| PS Ratio | 5.54 | 5.22 | 4.51 | 4.85 | 5.46 | 6.45 |
| PB Ratio | 5.75 | 10.20 | 5.78 | 4.59 | 4.75 | 5.26 |
| P/OCF Ratio | 24.24 | 15.16 | 18.88 | 10.00 | 10.96 | 11.22 |
| EV/Sales Ratio | 7.84 | 8.61 | 7.37 | 7.39 | 9.42 | 9.87 |
| EV/EBITDA Ratio | 15.97 | 18.31 | 14.31 | 14.16 | 17.74 | 18.64 |
| EV/EBIT Ratio | 22.79 | 28.16 | 20.40 | 19.67 | 24.39 | 26.69 |
| Debt / Equity Ratio | 3.67 | 7.79 | 5.59 | 4.60 | 4.61 | 4.31 |
| Debt / EBITDA Ratio | 7.21 | 8.31 | 8.47 | 9.31 | 9.99 | 9.98 |
| Net Debt / Equity Ratio | 2.36 | 6.62 | 3.65 | 2.26 | 3.67 | 2.45 |
| Net Debt / EBITDA Ratio | 4.69 | 7.21 | 5.53 | 4.58 | 7.93 | 5.67 |
| Asset Turnover | 0.19 | 0.17 | 0.17 | 0.16 | 0.15 | 0.15 |
| Quick Ratio | 10.91 | 6.44 | 11.53 | 13.06 | 7.19 | 13.45 |
| Current Ratio | 12.23 | 8.15 | 12.91 | 13.47 | 7.58 | 13.89 |
| Return on Equity (ROE) | 107.38% | 19.74% | 20.96% | 43.20% | 23.57% | 57.30% |
| Return on Assets (ROA) | 4.02% | 3.32% | 3.73% | 3.77% | 3.56% | 3.41% |
| Return on Invested Capital (ROIC) | 7.49% | 6.14% | 6.56% | 6.36% | 5.95% | 5.64% |
| Earnings Yield | 14.21% | 2.54% | 4.25% | 9.39% | 5.13% | 10.00% |
| Dividend Yield | 6.87% | 8.26% | 9.00% | 8.43% | 8.18% | 6.92% |
| Payout Ratio | 54.44% | 327.47% | 212.64% | 90.14% | 160.09% | 69.38% |
| Buyback Yield / Dilution | -0.06% | -0.05% | -0.06% | -0.06% | -0.05% | -0.05% |
| Total Shareholder Return | 7.38% | 8.21% | 8.94% | 8.37% | 8.13% | 6.86% |