Alexander's, Inc. (ALX) 10-Year Financial Performance & Capital Metrics

ALX • • REIT / Real Estate

Real EstateRetail REITsSpecialty Retail PropertiesUrban Mixed-Use Specialists

AboutAlexander's, Inc. is a real estate investment trust which has seven properties in the greater New York City metropolitan area.Show more

Revenue $226M +0.6%
FFO $81M -39.9%
FFO/Share 15.85 -39.9%
FFO Payout 113.57% +66.5%
FFO per Share 15.85 -39.9%
NOI Margin 100% +81.8%
FFO Margin 35.93% -40.3%
ROE 20.96% -51.5%
ROA 3.17% -56.7%
Debt/Assets 82.24% +5.7%
Net Debt/EBITDA 6.39 +71.2%
Book Value/Share 34.46 -25.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 29.2%
✓Strong 5Y profit CAGR of 15.5%
✓High NOI margin of 100.0%

✗Weaknesses

✗High debt to equity ratio of 6.2x
✗Dividend exceeds FFO - may not be sustainable
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.21%

5Y0%

3Y3.17%

TTM-7.52%

Profit (Net Income) CAGR

10Y-4.37%

5Y15.46%

3Y-31.12%

TTM-22.71%

EPS CAGR

10Y-4.42%

5Y15.36%

3Y-31.17%

TTM-22.73%

ROCE

10Y Avg6.98%

5Y Avg6.88%

3Y Avg6.92%

Latest6.17%

Peer Comparison

Urban Mixed-Use Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FRTFederal Realty Investment Trust	8.78B	101.80	29.77	6.21%	27.64%	10.01%	3.73%	1.33
ALXAlexander's, Inc.	1.2B	235.07	27.79	0.63%	16.99%	28.58%	4.51%	6.24

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	207.91M	226.94M	230.57M	232.82M	226.35M	199.14M	206.15M	205.81M	224.96M	226.37M
Revenue Growth %	0.04%	0.09%	0.02%	0.01%	-0.03%	-0.12%	0.04%	-0%	0.09%	0.01%
Property Operating Expenses	76.22M	82.23M	61.82M	73.31M	69.31M	88.4M	0	0	101.21M	0
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	112.71M	121.47M	125.3M	132.2M	126.86M	6.31M	129.95M	126.35M	6.34M	144.54M
G&A Expenses	5.41M	5.44M	5.25M	5.34M	5.77M	6.31M	5.92M	6.11M	6.34M	6.52M
EBITDA+	128.88M	139.27M	143.95M	133.71M	136M	130.93M	110.79M	110.92M	150.31M	119.73M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	33.67M	33.81M	38.68M	33.09M	36.52M	26.5M	34.59M	31.45M	32.9M	37.9M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	95.2M	105.46M	105.27M	100.62M	99.49M	104.43M	76.2M	79.47M	117.41M	81.83M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	24.24M	22.24M	31.47M	44.53M	38.9M	24.2M	19.69M	28.6M	58.3M	62.82M
Interest Coverage	3.93x	4.74x	3.34x	2.26x	2.56x	4.31x	3.87x	2.78x	2.01x	1.30x
Non-Operating Income	-5.95M	-3.31M	-6.71M	-552K	513K	32.36M	-74.07M	-6.77M	32.9M	-24.43M
Pretax Income+	76.92M	86.53M	80.51M	84.61M	87.15M	41.94M	130.58M	57.63M	102.41M	43.44M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	8K	48K	3K	4K	38.9M	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	76.91M	86.48M	80.51M	32.84M	21.17M	41.94M	132.93M	57.63M	102.41M	43.44M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.13%	0.12%	-0.07%	-0.59%	-0.36%	0.98%	2.17%	-0.57%	0.78%	-0.58%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	0.11%	0.09%	-0.01%	-0.45%	-0.13%	0.19%	1.45%	-0.47%	0.52%	-0.4%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	15.04	16.91	15.74	6.42	4.14	8.19	25.94	11.24	19.97	8.46
EPS Growth %	0.13%	0.12%	-0.07%	-0.59%	-0.36%	0.98%	2.17%	-0.57%	0.78%	-0.58%
EPS (Basic)	15.04	16.91	15.74	6.42	4.14	8.19	25.94	11.24	19.97	8.46
Diluted Shares Outstanding	5.11M	5.11M	5.12M	5.12M	5.12M	5.12M	5.12M	5.13M	5.13M	5.13M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.45B	1.45B	1.63B	1.48B	1.27B	1.4B	1.39B	1.4B	1.4B	1.34B
Asset Growth %	0.02%	0%	0.12%	-0.09%	-0.15%	0.11%	-0.01%	0%	0%	-0.04%
Real Estate & Other Assets+	27.46M	818.65M	792.86M	776.86M	750.25M	794.85M	766.62M	784.13M	719.76M	830.6M
PP&E (Net)	803.94M	780.81M	754.32M	730.27M	0	0	0	0	0	0
Investment Securities	1000K	1000K	1000K	1000K	1000K	0	0	0	0	0
Total Current Assets+	573.22M	594.66M	804.38M	681.23M	500.85M	609.29M	625.35M	613.64M	683.92M	510.7M
Cash & Equivalents	259.35M	288.93M	307.54M	283.06M	298.06M	428.71M	463.54M	194.93M	531.86M	338.53M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	85.31M	85.75M	284.28M	6.44M	15.91M	21.17M	19.97M	19.55M	21.12M	55.3M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	1.09B	1.1B	1.29B	1.2B	1.01B	1.2B	1.14B	1.16B	1.17B	1.16B
Total Debt+	1.05B	1.05B	1.24B	1.16B	970.96M	1.16B	1.09B	1.09B	1.09B	1.1B
Net Debt	793.91M	763.43M	932.69M	878.48M	672.9M	727.46M	626.07M	896.12M	560.7M	764.61M
Long-Term Debt	1.05B	1.05B	1.24B	965.83M	970.96M	1.16B	1.09B	1.09B	1.09B	988.02M
Short-Term Borrowings	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	115.12M
Total Current Liabilities+	38.71M	43.1M	45.32M	31.6M	33.18M	36.86M	45.56M	49.59M	52.47M	39.9M
Accounts Payable	30.16M	42.2M	42.83M	30.89M	31.76M	35.34M	44.68M	48.78M	51.75M	38.74M
Deferred Revenue	0	-1.05B	-1.24B	-965.83M	0	0	0	0	0	0
Other Liabilities	2.96M	2.93M	2.9M	3.03M	7.85M	7.88M	4.2M	20.64M	21.01M	21.4M
Total Equity+	352.88M	1.03B	1.19B	961.42M	253.51M	203.23M	252.59M	236.5M	237.66M	176.86M
Equity Growth %	0.01%	1.92%	0.16%	-0.19%	-0.74%	-0.2%	0.24%	-0.06%	0%	-0.26%
Shareholders Equity	352.88M	352.85M	343.95M	285.09M	253.51M	203.23M	252.59M	236.5M	237.66M	176.86M
Minority Interest	0	677.68M	846.94M	676.33M	0	0	0	0	0	0
Common Stock	5.17M	5.17M	5.17M	5.17M	5.17M	5.17M	5.17M	5.17M	5.17M	5.17M
Additional Paid-in Capital	30.74M	31.19M	31.58M	31.97M	32.37M	32.97M	33.41M	33.87M	34.31M	34.77M
Retained Earnings	304.34M	309M	302.54M	248.44M	216.39M	166.16M	206.88M	172.24M	182.34M	133.4M
Preferred Stock	0	309M	302.54M	248.44M	0	0	0	0	0	0
Return on Assets (ROA)	0.05%	0.06%	0.05%	0.02%	0.02%	0.03%	0.1%	0.04%	0.07%	0.03%
Return on Equity (ROE)	0.22%	0.13%	0.07%	0.03%	0.03%	0.18%	0.58%	0.24%	0.43%	0.21%
Debt / Assets	0.73%	0.73%	0.76%	0.78%	0.77%	0.82%	0.78%	0.78%	0.78%	0.82%
Debt / Equity	2.98x	1.02x	1.04x	1.21x	3.83x	5.69x	4.31x	4.61x	4.60x	6.24x
Net Debt / EBITDA	6.16x	5.48x	6.48x	6.57x	4.95x	5.56x	5.65x	8.08x	3.73x	6.39x
Book Value per Share	69.03	201.51	232.78	187.89	49.53	39.69	49.30	46.14	46.34	34.46

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	106.2M	130.82M	123.43M	73.54M	126.07M	78.07M	118.47M	102.55M	109.11M	54.11M
Operating CF Growth %	1.15%	0.23%	-0.06%	-0.4%	0.71%	-0.38%	0.52%	-0.13%	0.06%	-0.5%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	76.91M	86.48M	80.51M	32.84M	60.08M	41.94M	132.93M	57.63M	102.41M	43.44M
Depreciation & Amortization	33.67M	36.37M	38.68M	38.5M	36.52M	35.12M	34.59M	31.45M	34.6M	37.9M
Stock-Based Compensation	600K	450K	394K	394K	394K	600K	450K	450K	450K	450K
Other Non-Cash Items	-1.42M	2.35M	4.3M	5.92M	11.17M	33.61M	9.82M	5.03M	-45.11M	20.09M
Working Capital Changes	-3.56M	5.17M	-455K	-16.11M	17.92M	-33.2M	16.46M	7.98M	16.75M	-47.78M
Cash from Investing+	-25.83M	-15.95M	-201.97M	-1.14M	-9.45M	-32.46M	75.46M	-279.27M	321.81M	-13.22M
Acquisitions (Net)	-25M	0	0	0	0	0	0	0	0	0
Purchase of Investments	25M	25M	-203.43M	-3.97M	0	0	-19.52M	-364.24M	-4.68M	0
Sale of Investments	1000K	0	1000K	1000K	0	0	1000K	1000K	0	0
Other Investing	-705K	-25.44M	-198.54M	2.83M	-9.45M	-32.46M	81.87M	-14.39M	326.49M	-13.22M
Cash from Financing+	-48.84M	-85.29M	97.15M	-176.19M	-92.14M	90.29M	-160.29M	-92.31M	-92.42M	-200.03M
Dividends Paid	-71.57M	-81.82M	-86.96M	-92.1M	-92.12M	-92.17M	-92.22M	-92.26M	-92.32M	-92.38M
Common Dividends	-71.57M	-81.82M	-86.96M	-92.1M	-92.12M	-92.17M	-92.22M	-92.26M	-92.32M	-92.38M
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	0	1000K	-1000K	0	0	-1000K
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	-4.08M	-30K	-12.19M	0	-15K	-7.25M	-74K	-46K	-104K	-7.65M
Net Change in Cash+	31.53M	29.58M	18.6M	-103.78M	24.48M	135.9M	33.63M	-269.03M	338.5M	-159.14M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	227.81M	259.35M	374.68M	393.28M	289.5M	313.98M	449.88M	483.5M	214.48M	552.98M
Cash at End	259.35M	288.93M	393.28M	289.5M	313.98M	449.88M	483.5M	214.48M	552.98M	393.84M
Free Cash Flow+	56.08M	115.31M	119.99M	69.57M	126.07M	78.07M	118.47M	102.55M	109.11M	54.11M
FCF Growth %	5.49%	1.06%	0.04%	-0.42%	0.81%	-0.38%	0.52%	-0.13%	0.06%	-0.5%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	21.63	23.52	23.3	12.89	11.27	13.36	32.69	17.38	26.38	15.85
FFO Payout Ratio	64.72%	68.02%	72.96%	139.69%	159.69%	134.67%	55.05%	103.57%	68.23%	113.57%
NOI Margin	63.34%	63.76%	73.19%	68.51%	69.38%	55.61%	100%	100%	55.01%	100%
Net Debt / EBITDA	6.16x	5.48x	6.48x	6.57x	4.95x	5.56x	5.65x	8.08x	3.73x	6.39x
Debt / Assets	72.75%	72.52%	75.98%	78.42%	76.72%	82.34%	78.28%	78.06%	77.83%	82.24%
Interest Coverage	3.93x	4.74x	3.34x	2.26x	2.56x	4.31x	3.87x	2.78x	2.01x	1.30x
Book Value / Share	69.03	201.51	232.78	187.89	49.53	39.69	49.3	46.14	46.34	34.46
Revenue Growth	3.54%	9.15%	1.6%	0.98%	-2.78%	-12.02%	3.52%	-0.16%	9.3%	0.63%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Parking	-	5.61M	4.21M	4.41M	4.9M	4.46M	4.75M
Parking Growth	-	-	-24.98%	4.75%	11.12%	-9.01%	6.62%
Direct Services	-	3.49M	3.52M	3.63M	3.69M	4.04M	3.97M
Direct Services Growth	-	-	0.80%	3.21%	1.51%	9.52%	-1.76%
Base Rent	146.88M	-	-	-	-	-	-
Base Rent Growth	-	-	-	-	-	-	-
Parking Revenue	5.68M	-	-	-	-	-	-
Parking Revenue Growth	-	-	-	-	-	-	-
Percentage Rent	234K	-	-	-	-	-	-
Percentage Rent Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Alexander's, Inc. (ALX) has a price-to-earnings (P/E) ratio of 27.8x. This suggests investors expect higher future growth.

Growth & Financials

Alexander's, Inc. (ALX) reported $215.8M in revenue for fiscal year 2024. This represents a 17% increase from $185.2M in 2011.

Alexander's, Inc. (ALX) grew revenue by 0.6% over the past year. Growth has been modest.

Yes, Alexander's, Inc. (ALX) is profitable, generating $36.7M in net income for fiscal year 2024 (19.2% net margin).

Dividend & Returns

Yes, Alexander's, Inc. (ALX) pays a dividend with a yield of 7.66%. This makes it attractive for income-focused investors.

Alexander's, Inc. (ALX) has a return on equity (ROE) of 21.0%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Alexander's, Inc. (ALX) generated Funds From Operations (FFO) of $77.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Alexander's, Inc. (ALX) offers a 7.66% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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