ALX Stock Recent News

Alexander's (ALX) came out with quarterly funds from operations (FFO) of $4.99 per share, missing the Zacks Consensus Estimate of $5.95 per share. This compares to FFO of $4.03 per share a year ago.

Alexander's, Inc. is a REIT that owns and manages 5 retail properties in New York City. The REIT's operating performance is concerning, with low occupancy rates and minimal revenue growth. There are also risks associated with portfolio concentration, significant tenant dependency, and upcoming mortgage maturities.

PARAMUS, N.J., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its annual report on Form 10-K for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission and issue its fourth quarter and full year earnings release on Monday, February 12, 2024, before the New York Stock Exchange opens.

ALX, PHI and PSTL made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 21, 2023.

Here are two companies with income-producing real estate assets that investors may want to own at the moment.

There are 19 equity REITs with yields greater than 9%, ranging up to 19%. High dividend yields in REITs are partly due to cheap valuations relative to the broader market. This article will discuss how to assess the underlying fundamentals and potential risks.

Alexander's fiscal 2023 third quarter FFO dipped heavily from its year-ago comp. This has put at risk a historically stable payout as the dividend coverage now stands at 81%. A large cash position means ALX can sustain its dividend payments for years, but it faces upcoming debt maturities that will require refinancing.

Alexander's Inc. (NYSE:ALX ) Q3 2023 Results Conference Call October 31, 2023 10:00 AM ET Company Participants Steve Borenstein - Senior VP, Corporation Counsel and Secretary Steven Roth - Chairman of the Board and CEO Michael Franco - President and CFO Glen Weiss - Executive VP of Office Leasing and Co-Head of Real Estate Thomas Sanelli - Executive Vice President Finance and Chief Administrative Officer Conference Call Participants Steve Sakwa - Evercore ISI Camille Bonnel - BOA Michael Griffin - Citi Alex Goldfarb - Piper Sandler Dylan Burzinski - Green Street John Kim - BMO Capital Markets Anthony Paolone - JPMorgan Julien Blouin - Goldman Sachs Vikram Malhotra - Mizuho Nick Yulico - Scotiabank Ron Kamden - Morgan Stanley Operator Good morning, and welcome to the Vornado Realty Trust Third Quarter 2023 Earnings Call. My name is Rocco, and I will be your operator for today's call.

Alexander's (ALX) came out with quarterly funds from operations (FFO) of $3.63 per share, beating the Zacks Consensus Estimate of $3.42 per share. This compares to FFO of $4.40 per share a year ago.

PARAMUS, N.J., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2023 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, October 30, 2023, before the New York Stock Exchange opens.