ALX
Alexander's, Inc.216.80
+0.54+0.25%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.11BP/E (TTM)
30.41Basic EPS (TTM)
7.13Dividend Yield
0.08%Recent Filings
8-K
Restructures 731 Lex retail loan
Alexander's subsidiaries restructured the $300 million mortgage on 731 Lexington Avenue retail units, splitting it into a $132.5 million A-Note at 7% (purchased by affiliate at par), $167.5 million C-Note at 4.55%, and a new B-Note at up to 13.5%, all extending to 2035. Cash flows prioritize A-Note, then B-Note, then 70/30 split to C-Note and borrower. Debt forgiven post-refinancing after year three. Non-recourse, but bad-boy carveouts apply.
8-K
Refinances Rego Park II loan
Alexander's completed a $175 million refinancing of its 615,000 square foot Rego Park II shopping center on December 5, 2025. The interest-only loan at SOFR plus 2.00% (currently 5.82%) matures December 2030, paying down the prior $198.5 million loan at SOFR plus 1.45% due December 12, 2025, by $23.5 million. Costlier debt extends maturity five years. Interest rate fluctuations pose risks.
10-Q
Q3 FY2025 results
Alexander's rental revenues dipped 4.0% y/y to $53.4M in Q3 FY2025 ended September 30, 2025, mainly from Home Depot's lease expiration at 731 Lexington Avenue, yet net income held steady at $6.0M or $1.16 per diluted share on lower interest costs from prior refinancing. YTD revenues fell 6.2% to $159.9M with net income down to $24.4M or $4.75 per share, reflecting IKEA's earlier exit too. Operating cash flow surged to $50.0M YTD, yielding $31.0M free cash flow after $19.0M capex (derived). Cash sits at $286.1M with $66.1M restricted, but the $300M retail mortgage missed its October 3 extension deadline amid restructuring talks. Bloomberg anchors 60% of rents through 2040. Tenant concentration looms large.
10-Q
Q2 FY2025 results
Alexander's rental revenues dipped 3.4% y/y to $51.6M in Q2 FY2025 ended June 30, 2025, mainly from Home Depot's lease expiration at 731 Lexington Avenue, yet net income held at $6.1M or $1.19 per diluted share on 5.1M shares, down from $8.4M or $1.63 y/y, thanks to lower interest and debt expense of $12.8M (20.9% y/y drop). For the half-year, revenues fell 7.2% y/y to $106.5M while net income slid to $18.4M or $3.59 per share, with operating cash flow surging 109% y/y to $59.3M and free cash flow (derived) at $44.7M after $14.6M capex. Cash swelled to $313M, bolstering $390M total liquidity against $988M mortgages, including a $300M retail loan extended to October 2025 at 5.83%. Bloomberg's lease extension to 2040 secures 61% of revenues. Tenant concentration poses risks if key leases falter.
8-K
Annual meeting results
Alexander's, Inc. held its 2025 Annual Meeting on May 22, with 94.87% of shares represented. Stockholders re-elected Steven Roth and Wendy A. Silverstein to the board for three-year terms, while votes overwhelmingly ratified Deloitte & Touche LLP as auditors for fiscal 2025. Directors serve steadily. No surprises here.
AKR
Acadia Realty Trust
19.78-0.40
ALEX
Alexander & Baldwin, Inc.
20.98+0.02
ARE
Alexandria Real Estate Equities
46.97-0.44
BRX
Brixmor Property Group Inc.
25.57-0.50
EQIX
Equinix, Inc.
758.15-3.23
LXP
LXP Industrial Trust
50.00+0.02
MAC
Macerich Company (The)
18.30-0.29
REG
Regency Centers Corporation
67.16-1.09
SITC
SITE Centers Corp.
6.31-0.06
UE
Urban Edge Properties
19.46-0.21