Shares two potential strategies to address ALX's underperformanceLooks forward to shareholder feedback and stands ready to work constructively with the Board to find a value-maximizing outcome for shareholdersNEW YORK, July 27, 2022 /PRNewswire/ -- Lionbridge Capital, LP (together with its affiliates, "Lionbridge"), an alternative investment management firm and significant shareholder of Alexander's Inc. ("Alexander's," "ALX" or the "Company") (NYSE:ALX), today issued an open letter to Alexander's shareholders outlining its views and concerns regarding the current state of the Company's affairs.  Lionbridge has been engaged in a private dialogue with the board of directors in effort to addre

PARAMUS, N.J., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE:ALX) announced today that Gary Hansen has been appointed as Chief Financial Officer. Mr. Hansen succeeds Matthew Iocco, who will be retiring after 22 years with Alexander's and its affiliates. Mr. Iocco will remain with Alexander's through December 31, 2021 to assist with the transition. Mr. Hansen currently serves as Senior Vice President, Controller of Alexander's and has over 20 years of experience in accounting and financial reporting. Alexander's, Inc. is a real estate investment trust that has six properties in the greater New York City metropolitan area. CONTACT:THOMAS SANELLI(201) 894-7000 Certain statemen

Piper Sandler downgraded Alexander's Inc. from Neutral to Underweight

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PARAMUS, N.J., Nov. 04, 2024 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended September 30, 2024 today and reported: Third Quarter 2024 Financial Results Net income for the quarter ended September 30, 2024 was $6.7 million, or $1.30 per diluted share, compared to $10.8 million, or $2.10 per diluted share for the quarter ended September 30, 2023. Funds from operations ("FFO") (non-GAAP) for the quarter ended September 30, 2024 was $14.6 million, or $2.84 per diluted share, compared to $18.6 million, or $3.63 per diluted share for the quarter ended September 30, 2023. Nine Months Ended September 30, 2024 Financial Results Net

PARAMUS, N.J., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE:ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on November 29, 2024 to stockholders of record on November 11, 2024. Alexander's, Inc. is a real estate investment trust that has five properties in New York City. CONTACT:GARY HANSEN(201) 587-8541 Certain statements contained herein constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of performance. They represent our i

PARAMUS, N.J., Oct. 22, 2024 (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, 2024 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 4, 2024, before the New York Stock Exchange opens. Vornado Realty Trust (NYSE:VNO), the manager which conducts Alexander's operations, announced it will host its quarterly earnings conference call and an audio webcast on Tuesday, November 5, 2024 at 10:00 a.m. Eastern Time (ET). On the call, information concerning Alexander's may be discussed. The conference call can be accessed by dialing 88

PARAMUS, N.J., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE:ALX) today announced that it has completed a $400 million refinancing of the office condominium portion of 731 Lexington Avenue, the Class A Bloomberg LP headquarters building. The interest-only loan carries a fixed rate of 5.045% and matures in October 2028. The loan is prepayable, at Alexander's option, with no penalty, beginning in October 2026. The loan replaces the prior $490 million loan on the office condominium, that bore interest at the Prime rate (currently 8.00%) and was scheduled to mature in October 2024. Alexander's, Inc. is a real estate investment trust that has five properties in New York City. CO

PARAMUS, N.J., Aug. 05, 2024 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2024 today and reported: Second Quarter 2024 Financial Results Net income for the quarter ended June 30, 2024 was $8.4 million, or $1.63 per diluted share, compared to $64.1 million, or $12.51 per diluted share for the quarter ended June 30, 2023. Net income for the quarter ended June 30, 2023 included $54.0 million, or $10.52 per diluted share, of income as a result of a net gain from the sale of the Rego Park III land parcel.    Funds from operations ("FFO") (non-GAAP) for the quarter ended June 30, 2024 was $17.0 millio

PARAMUS, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE:ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on August 30, 2024 to stockholders of record on August 12, 2024. Alexander's, Inc. is a real estate investment trust that has five properties in the New York City metropolitan area. CONTACT:GARY HANSEN(201) 587-8541 Certain statements contained herein constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of performan

PARAMUS, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE:ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2024 with the U.S. Securities and Exchange Commission and issue its second quarter earnings release on Monday, August 5, 2024, before the New York Stock Exchange opens. Vornado Realty Trust (NYSE:VNO), the manager which conducts Alexander's operations, announced it will host its quarterly earnings conference call and an audio webcast on Tuesday, August 6, 2024 at 10:00 a.m. Eastern Time (ET). On the call, information concerning Alexander's may be discussed. The conference call can be accessed by dialing 888-317-60

PARAMUS, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended March 31, 2024 today and reported: Net income for the quarter ended March 31, 2024 was $16.1 million, or $3.14 per diluted share, compared to $11.2 million, or $2.19 per diluted share for the quarter ended March 31, 2023. Funds from operations ("FFO") (non-GAAP) for the quarter ended March 31, 2024 was $25.5 million, or $4.98 per diluted share, compared to $18.6 million, or $3.63 per diluted share for the quarter ended March 31, 2023. Alexander's, Inc. is a real estate investment trust which has five properties in New York City. CONTACT: GARY HANSEN

NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. today announced an 11-year lease extension agreement with Bloomberg LP which will begin at the expiration of the existing lease in 2029, continuing a long-standing headquarters presence at 731 Lexington Avenue through 2040. Bloomberg, which relocated its global headquarters to the tower upon its completion, will continue to occupy all 946,815 square feet of office space in the building. The company's headquarters at 731 Lexington remains its largest globally with 7,000 of its 12,000 New York-based employees. Alexander's is a Real Estate Investment Trust that owns 731 Lexington Avenue. Vornado Realty Trust, which developed, mana

PARAMUS, N.J., May 01, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE:ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on May 31, 2024 to stockholders of record on May 13, 2024. Alexander's, Inc. is a real estate investment trust that has five properties in the New York City metropolitan area. CONTACT:GARY HANSEN(201) 587-8541 Certain statements contained herein constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of performance. They repr

Piper Sandler analyst Alexander Goldfarb maintains Alexander's (NYSE:ALX) with a Underweight and lowers the price target from $145 to $135.

Piper Sandler analyst Alexander Goldfarb maintains Alexander's (NYSE:ALX) with a Underweight and lowers the price target from $160 to $145.

Alexander's (NYSE:ALX) reported quarterly earnings of $4.98 per share. This is a 37.19 percent increase over earnings of $3.63 per share from the same period last year. The company reported $61.40 million in sales this quarter. This is a 15.97 percent increase over sales of $52.94 million the same period last year.

Companies Reporting Before The Bell • Beasley Broadcast Group (NASDAQ:BBGI) is projected to report quarterly loss at $0.07 per share on revenue of $66.05 million. • Trimble (NASDAQ:TRMB) is likely to report quarterly earnings at $0.59 per share on revenue of $911.34 million. • Monday.Com (NASDAQ:MNDY) is estimated to report quarterly earnings at $0.32 per share on revenue of $197.95 million. • Alexander's (NYSE:ALX) is projected to report earnings for its fourth quarter. Companies Reporting After The Bell • Cemtrex (NASDAQ:CETX) is estimated to report earnings for its first quarter. • Star Bulk Carriers (NASDAQ:SBLK) is projected to report quarterly earnings at $0.73 per share on reve

With approximately 200 real estate investment trusts (REITs) on the market today, it's difficult for investors to choose which REITs to buy. Parameters such as longevity, dividend growth, dividend yield, payout ratios and price to funds from operations (P/FFO) are typically employed in making purchase decisions. It's also important to look at relative strength, or how a stock's performance compares to its peers over a measure of time. Stocks that show strong relative strength signify institutional buying and are frequently performed over a long period. The strongest stocks of a sector are also likely to still be performing well over the months ahead. The retail REIT subsector has anywh

A couple of analysts put a damper on what had been an excellent five-week run for real estate investment trusts (REITs). Nothing goes up or down forever on Wall Street, and analysts can sometimes push the brakes on a runaway stock by downgrading it a notch or two. Often the downgrade is accompanied by a cut in the stock's price target as well. One analyst is downgrading REITs this week while raising the price targets as if trying to play catch-up to where these stocks have now advanced. Several of these REITs have been on fire since Nov. 1, so perhaps the analyst felt the massive gains were unsustainable. Don't Miss: Collecting passive income from real estate just got a whole lot s

What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the real estate sector: Comstock Holding Co (NASDAQ:CHCI) - P/E: 5.99 Franklin BSP Realty Trust (NYSE:FBRT) - P/E: 9.01 Alexander's (NYSE:ALX) - P/E: 9.98 Landsea Homes (NASDAQ:LSEA) - P/E: 9.37 Presidio Property

Thursday marks the last chance for investors to receive the next dividend payout from Alexander's (NYSE:ALX). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of $4.5 per share. On Friday, Alexander's will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $4.5 lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own ALX as of the end of Thursday's session are eligible to receive the $4.5 dividend payout for every sha