Is Analyst Optimism Outweighing Earnings Weakness in Shaping Alexander's (ALX) Investment Case?

Alexander's, Inc. reported third-quarter earnings with sales of $53.42 million and net income of $5.97 million, both lower than last year. The company maintained a quarterly dividend of $4.50 per share. Despite the declines, analysts have revised full-year earnings estimates upward, boosting Alexander's ranking by Zacks. The focus remains on dividend sustainability amid declining earnings, with the stock trading significantly below fair value. Community estimates for fair value range from $149,000 to $180,000, reflecting varied outlooks on the company's future performance.

Alexander's falls on downbeat Q3 profit

** Shares of retail REIT firm Alexander's fall nearly 1% to about $220 in early trading** Co's Q3 net income declined as tenant exits from its New York City properties pressured rental income and occupancy** ALX posts Q3 net income of $6 mln, or $1.16/share, as compared to $6.7 mln, or $1.30/share, year ago ** However, it reports quarterly funds from operations at $14.9 mln, or $2.91/share, compared with $14.6 mln, or $2.84/share in year-ago period** Including session moves, shares up 9.5% YTD

Alexander’s Announces Third Quarter Financial Results | ALX Stock News

Alexander's, Inc. (NYSE: ALX) reported its third quarter financial results for 2025, showing a net income of $6.0 million ($1.16 per diluted share), down from $6.7 million ($1.30 per diluted share) in Q3 2024. Funds from operations (FFO) increased to $14.9 million ($2.91 per diluted share) from $14.6 million ($2.84 per diluted share) year-over-year. For the nine months ended September 30, 2025, net income was $24.4 million ($4.75 per diluted share), compared to $31.2 million ($6.07 per diluted share) in the same period of 2024. FFO for the nine months was $50.5 million ($9.84 per diluted share), down from $57.1 million ($11.13 per diluted share) in 2024.

Alexanders | 10-Q: FY2025 Q3 Revenue: USD 53.42 M

ALEXANDERS INC SEC 10-Q Report

Alexander's Inc., a real estate investment trust, released its Q3 2025 Form 10-Q report, showing rental revenues of $53.4 million, down from $55.7 million year-over-year, primarily due to Home Depot's lease expiration. Net income decreased to $6.0 million from $6.7 million, with net income per share at $1.16, down from $1.30. The company reported a commercial occupancy rate of 94.9% and residential rate of 97.1%. Future plans include exploring sale opportunities for Rego Park I and potential loan restructuring discussions. Operational challenges include interest rate fluctuations and inflation.