<div id="readability-page-1"><div><ul> <li>Alexander's, Inc. recently reported third-quarter earnings, noting sales of US$53.42 million and net income of US$5.97 million, both lower than the prior year's results, and reaffirmed a quarterly dividend of US$4.50 per share payable later this month.</li> <li>Despite these year-over-year declines in sales and earnings, strong analyst sentiment has led to an upward revision in full-year earnings estimates and elevated the company to a top ranking by Zacks.</li> <li>We'll examine how the improved analyst outlook and upgraded Zacks ranking influence Alexander's investment narrative amid recent financial results.</li> </ul><p>Find companies with promising cash flow potential yet trading below their fair value.</p><h2>What Is Alexander's Investment Narrative?</h2><p>For investors to stay committed to Alexander's, Inc., there has typically been a focus on its reliable dividend and the stability associated with its New York real estate portfolio. After the third-quarter report revealed continued year-on-year declines in both sales and net income, the short-term narrative naturally centers around whether these pressures might intensify or remain manageable. Notably, even with these soft results, the company maintained its quarterly US$4.50 per share dividend and saw a 7% upward revision in analyst earnings estimates, both of which seem to have supported its stock, which continues to outperform its REIT sector peers. For now, the immediate risk is whether declining earnings could eventually challenge the sustainability of the dividend, given the payout is not well covered by current profits. In the short term, these latest results don’t appear to materially shift the main risks or near-term catalysts, but they do keep the spotlight on dividend sustainability, operational performance, and valuations that remain above fair value estimates.</p><p> On the other hand, tighter profit coverage for dividends is a critical issue investors should watch.  Alexander's share price has been on the slide but might be up to 49% below fair value. Find out if it's a bargain.</p><h2>Exploring Other Perspectives</h2><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a49002e3-b5b2-4f4d-a037-d74c567ced70/chart/earnings-and-revenue-growth?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a49002e3-b5b2-4f4d-a037-d74c567ced70/chart/earnings-and-revenue-growth"/><figcaption>ALX Earnings &amp; Revenue Growth as at Nov 2025</figcaption></figure><p> Simply Wall St Community members have offered two fair value estimates for Alexander's, ranging from just above US$149,000 to US$180,000, signaling highly varied outlooks. This wide difference in opinion stands in contrast with ongoing concerns about the sustainability of current dividend payments and indicates how perceptions of value can shift depending on which risk or catalyst you prioritize. If you’re interested in wider perspectives, there’s much more to consider.</p><p>Explore 2 other fair value estimates on Alexander's - why the stock might be worth as much as $180.00!</p><h2>Build Your Own Alexander's Narrative</h2><p>Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.</p><ul><li>A great starting point for your Alexander's research is our analysis highlighting 3 important warning signs that could impact your investment decision.</li><li>Our free Alexander's research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Alexander's overall financial health at a glance.</li></ul><h2>Curious About Other Options?</h2><p>Opportunities like this don't last. These are today's most promising picks. Check them out now:</p><ul><li>Explore 28 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research.</li><li>Trump's oil boom is here - pipelines are primed to profit. Discover the 22 US stocks riding the wave.</li><li>AI is about to change healthcare. These 32 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.</li></ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p></div></div>

<p>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.</p>

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