(ALX) Alexanders - Overview
Stock: Office, Retail, Residential, Mixed-Use, REIT
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.40% |
| Yield on Cost 5y | 9.73% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 32.2% |
| Payout Ratio | 3.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 26.1% |
| Relative Tail Risk | 0.40% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.23 |
| Alpha | 34.17 |
| Character TTM | |
|---|---|
| Beta | 0.371 |
| Beta Downside | 0.459 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.80% |
| CAGR/Max DD | 0.42 |
Description: ALX Alexanders January 19, 2026
Alexander & Co., Inc. (NYSE: ALX) is a retail-focused REIT that owns and operates five properties in the New York City metro area, including the 731 Lexington Avenue office-retail tower (home to Bloomberg L.P.’s headquarters), the Rego Center retail complex in Queens (Rego Park I & II), the Alexander residential tower, and a retail asset in Flushing, NY. All properties are managed by Vornado Realty Trust, which also serves as ALX’s external manager.
Key performance indicators as of the latest 10-K (Q4 2023) show a weighted-average lease-expiry of 5.2 years and an occupancy rate of roughly 93 %, with annualized funds-from-operations (FFO) of $0.61 per share, reflecting modest growth versus the prior year’s $0.57 per share. The REIT’s leverage stands at a net debt-to-FFO ratio of 5.8×, slightly above the sector median of ~5.0×, indicating higher financial risk.
Sector drivers that materially affect ALX include the outlook for NYC office demand-still pressured by hybrid work trends-and the resilience of suburban-to-urban retail foot traffic, which benefits the Rego Center locations. Additionally, New York’s commercial real-estate tax reforms and potential rent-stabilization policy changes represent macro-level uncertainties that could impact net operating income.
For investors seeking a deeper quantitative dive, ValueRay’s platform offers a granular, data-rich view of ALX’s cash-flow sensitivity to lease-renewal risk and interest-rate shifts-worth a look before forming a position.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 36.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.25 > 1.0 |
| NWC/Revenue: 194.9% < 20% (prev 198.6%; Δ -3.66% < -1%) |
| CFO/TA 0.06 > 3% & CFO 80.8m > Net Income 36.7m |
| Net Debt (814.6m) to EBITDA (125.9m): 6.47 < 3 |
| Current Ratio: 10.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (5.14m) vs 12m ago 0.04% < -2% |
| Gross Margin: 54.38% > 18% (prev 0.72%; Δ 5366 % > 0.5%) |
| Asset Turnover: 16.22% > 50% (prev 17.10%; Δ -0.88% > 0%) |
| Interest Coverage Ratio: 1.75 > 6 (EBITDA TTM 125.9m / Interest Expense TTM 48.8m) |
Altman Z'' 2.87
| A: 0.32 (Total Current Assets 466.2m - Total Current Liabilities 45.5m) / Total Assets 1.30b |
| B: 0.07 (Retained Earnings 88.5m / Total Assets 1.30b) |
| C: 0.06 (EBIT TTM 85.5m / Avg Total Assets 1.33b) |
| D: 0.08 (Book Value of Equity 93.5m / Total Liabilities 1.17b) |
| Altman-Z'' Score: 2.87 = A |
Beneish M -2.71
| DSRI: 1.05 (Receivables 114.0m/117.7m, Revenue 215.8m/233.4m) |
| GMI: 1.32 (GM 54.38% / 71.92%) |
| AQI: 1.13 (AQ_t 0.15 / AQ_t-1 0.13) |
| SGI: 0.92 (Revenue 215.8m / 233.4m) |
| TATA: -0.03 (NI 36.7m - CFO 80.8m) / TA 1.30b) |
| Beneish M-Score: -2.71 (Cap -4..+1) = A |
What is the price of ALX shares?
Over the past week, the price has changed by +4.15%, over one month by +12.71%, over three months by +14.09% and over the past year by +41.14%.
Is ALX a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 0
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the ALX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 190 | -25.5% |
| Analysts Target Price | 190 | -25.5% |
| ValueRay Target Price | 298.1 | 16.9% |
ALX Fundamental Data Overview February 05, 2026
P/S = 5.9284
P/B = 9.7469
Revenue TTM = 215.8m USD
EBIT TTM = 85.5m USD
EBITDA TTM = 125.9m USD
Long Term Debt = 987.1m USD (from longTermDebt, last quarter)
Short Term Debt = 502.5m USD (from shortTermDebt, last fiscal year)
Debt = 1.10b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 814.6m USD (from netDebt column, last quarter)
Enterprise Value = 2.09b USD (1.28b + Debt 1.10b - CCE 286.1m)
Interest Coverage Ratio = 1.75 (Ebit TTM 85.5m / Interest Expense TTM 48.8m)
EV/FCF = 25.91x (Enterprise Value 2.09b / FCF TTM 80.8m)
FCF Yield = 3.86% (FCF TTM 80.8m / Enterprise Value 2.09b)
FCF Margin = 37.45% (FCF TTM 80.8m / Revenue TTM 215.8m)
Net Margin = 16.99% (Net Income TTM 36.7m / Revenue TTM 215.8m)
Gross Margin = 54.38% ((Revenue TTM 215.8m - Cost of Revenue TTM 98.5m) / Revenue TTM)
Gross Margin QoQ = none% (prev 31.67%)
Tobins Q-Ratio = 1.62 (Enterprise Value 2.09b / Total Assets 1.30b)
Interest Expense / Debt = 1.28% (Interest Expense 14.1m / Debt 1.10b)
Taxrate = 21.0% (US default 21%)
NOPAT = 67.5m (EBIT 85.5m * (1 - 21.00%))
Current Ratio = 10.25 (Total Current Assets 466.2m / Total Current Liabilities 45.5m)
Debt / Equity = 8.58 (Debt 1.10b / totalStockholderEquity, last quarter 128.3m)
Debt / EBITDA = 6.47 (Net Debt 814.6m / EBITDA 125.9m)
Debt / FCF = 10.08 (Net Debt 814.6m / FCF TTM 80.8m)
Total Stockholder Equity = 153.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.76% (Net Income 36.7m / Total Assets 1.30b)
RoE = 23.90% (Net Income TTM 36.7m / Total Stockholder Equity 153.4m)
RoCE = 7.49% (EBIT 85.5m / Capital Employed (Equity 153.4m + L.T.Debt 987.1m))
RoIC = 5.92% (NOPAT 67.5m / Invested Capital 1.14b)
WACC = 4.38% (E(1.28b)/V(2.38b) * Re(7.28%) + D(1.10b)/V(2.38b) * Rd(1.28%) * (1-Tc(0.21)))
Discount Rate = 7.28% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.05%
[DCF Debug] Terminal Value 85.55% ; FCFF base≈75.7m ; Y1≈70.2m ; Y5≈63.9m
Fair Price DCF = 217.4 (EV 1.92b - Net Debt 814.6m = Equity 1.11b / Shares 5.11m; r=5.90% [WACC]; 5y FCF grow -9.17% → 2.90% )
EPS Correlation: -83.10 | EPS CAGR: -54.26% | SUE: 0.0 | # QB: 0
Revenue Correlation: 42.54 | Revenue CAGR: 1.97% | SUE: 0.03 | # QB: 0