Alexander's Inc. Common Stock (ALX)

FairStock Score: 26/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I ask whether Alexander's is a durable asset with a margin of safety. It owns four New York City-area properties, managed by Vornado. The business is small: in FY2025, revenue was $213.2M, net income $28.2M, and diluted EPS $5.50. Revenue drifted down from $226.4M in FY2024, and FairStock's Lynch category calls it a SLOW GROWER — Shrinking, with profit down 7.6% a year over five years and revenue up only 1.4%. In the latest filed quarter, fiscal Q2 2026, quarter ended 2026-06-30, revenue was $54.7M and net income was $155.4M, or diluted EPS $30.24 — an extraordinary jump that makes the trailing P/E of 7.16 suspect as a guide. Since this is a REIT, depreciation distorts EPS and P/E, so I will not use the Graham Number or margin of safety. FFO/AFFO, the right REIT measures, are not in my data. Instead: dividend yield 7.28%, price-to-book 5.41, debt-to-equity 3.83, Altman Z-Score 1.18, and ROCE 3.04%. The balance sheet is leveraged, and return on capital is thin. FCF yield is 3.7%, so the dividend is not obviously covered by free cash flow. At $236.76 on 2026-10-13, the price sits below the 52-week high of $289.43. The assets may be good, but the revenue trend, leverage, and 26/100 FairStock Score leave little obvious bargain.

In plain English: Alexander's owns and manages several New York City-area office and retail properties, including a major office building tied to Bloomberg. The business has steady but slightly declining revenue, high debt, and very uneven recent reported profits, so the underlying picture looks mixed. At $236.76, the price does not look clearly cheap against the company's book value, though the dividend yield is high.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer