Friday 6 November 2026
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Alexander's, Inc.
Alexander's, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $213.2 million, down 5.83% from fiscal 2024.
- Revenue
- +34.9%
- EPS
- +359.7%
- Free cash flow
- +202.2%
- Total debt
- −15.2%
Quarter to September 2026, against a year earlier
248.36
1.60
−0.64%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 227 | 231 | 233 | 226 | 199 | 206 | 206 | 225 | 226 | 213 | 233 | (0.7%) | 245 | 229 | — | +3.7% | |
| Gross margin, % | 63.76 | 63.08 | 59.72 | 60.35 | 55.61 | 55.81 | 56.05 | 55.01 | 54.39 | 50.10 | 52.97 | (13.7) pt | ||||||
| EBT | 87 | 81 | 57 | 60 | 42 | 131 | 58 | 102 | 43 | 28 | 191 | (11.7%) | ||||||
| EBT margin, % | 38.13 | 34.92 | 24.33 | 26.54 | 21.06 | 63.34 | 28.00 | 45.52 | 19.19 | 13.24 | 81.93 | (24.9) pt | ||||||
| Net income | 86 | 81 | 33 | 60 | 42 | 133 | 58 | 102 | 43 | 28 | 191 | (11.7%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 44.38 | 45.07 | 45.50 | 44.23 | 38.89 | 40.24 | 40.15 | 43.86 | 44.11 | 41.52 | 45.42 | (0.7%) | |||||
| Earnings | 16.91 | 15.74 | 6.42 | 11.74 | 8.19 | 25.94 | 11.24 | 19.97 | 8.46 | 5.50 | 37.22 | (11.7%) | ||||||
| Cash flow | 25.58 | 24.13 | 14.37 | 24.63 | 15.24 | 23.12 | 20.01 | 21.27 | 10.54 | 14.30 | 10.38 | (6.3%) | ||||||
| Capex | (3.03) | (0.67) | (0.78) | (1.85) | (6.34) | 12.17 | (2.81) | 12.31 | (3.85) | (4.05) | 37.85 | +3.3% | ||||||
| Free cash flow | 22.55 | 23.45 | 13.60 | 22.79 | 8.91 | 35.29 | 17.20 | 33.58 | 6.69 | 10.25 | 48.23 | (8.4%) | ||||||
| Book value | 69.00 | 67.23 | 55.71 | 49.53 | 39.69 | 49.30 | 46.14 | 46.33 | 34.46 | 21.26 | 44.34 | (12.3%) | ||||||
| Shares, m | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 0.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 24.93 | 25.32 | 47.54 | 28.16 | 33.86 | 10.04 | 19.69 | 10.82 | 23.65 | 39.70 | 6.67 | 26.4 | |||||
| P/S | 9.50 | 8.85 | 6.70 | 7.47 | 7.13 | 6.47 | 5.52 | 4.93 | 4.54 | 5.25 | 5.47 | 6.6 | ||||||
| P/B | 6.11 | 5.93 | 5.47 | 6.67 | 6.99 | 5.28 | 4.80 | 4.67 | 5.81 | 10.25 | 5.60 | 6.2 | ||||||
| EV/Sales | 12.32 | 12.37 | 9.50 | 10.31 | 10.65 | 9.41 | 8.48 | 7.33 | 7.16 | 8.24 | 7.56 | 9.6 | ||||||
| EV/FCF | 28.46 | 23.77 | 31.80 | 20.01 | 46.50 | 10.73 | 19.80 | 9.57 | 47.23 | 33.35 | 7.12 | 27.1 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 131 | 123 | 74 | 126 | 78 | 118 | 103 | 109 | 54 | 73 | 53 | (6.2%) | |||||
| Capex | (16) | (3) | (4) | (9) | (32) | 62 | (14) | 63 | (20) | (21) | 195 | +3.3% | ||||||
| Free cash flow | 115 | 120 | 70 | 117 | 46 | 181 | 88 | 172 | 34 | 53 | 248 | (8.3%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 552 | 563 | 455 | 469 | 574 | 581 | 565 | 632 | 472 | 269 | 420 | (7.7%) | |||||
| Net debt | 640 | 812 | 653 | 643 | 700 | 606 | 610 | 540 | 594 | 637 | 488 | 0.0% | ||||||
| Shareholders’ equity | 353 | 344 | 285 | 254 | 203 | 253 | 236 | 238 | 177 | 109 | 228 | (12.2%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 5.97 | 5.22 | 2.25 | 4.71 | 3.14 | 9.51 | 4.13 | 7.31 | 3.17 | 2.30 | 15.33 | (3.7) pt | |||||
| ROIC | 6.64 | 5.69 | 6.70 | 6.94 | 4.99 | 5.55 | 5.87 | 6.80 | 6.63 | 5.46 | 7.01 | (1.2) pt | ||||||
| ROE | 24.51 | 23.11 | 10.44 | 22.31 | 18.36 | 58.33 | 23.57 | 43.20 | 20.96 | 19.74 | 107.38 | (4.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 71 | 77 | 70 | 69 | 70 | 70 | 69 | 92 | 90 | 103 | — | +4.2% | |||||
| Revenue/emp, $m | 3.20 | 2.99 | 3.33 | 3.28 | 2.84 | 2.94 | 2.98 | 2.45 | 2.52 | 2.07 | — | (4.7%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Alexander's, Inc. vs peers in Reit Retail (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| UE Urban Edge Properties | $2.8B | 24.5× | 38.3× | −0.47% (below 0%: shrinking) | +255.33% (above 0%: growing) | −33.79% (below 0%: shrinking) | 69.37% | 31.85% | Compare |
| AKR Acadia Realty Trust | $2.8B | 73.2× | 40.9× | −5.96% (below 0%: shrinking) | n/m | −369.83% (below 0%: shrinking) | 72.23% | 10.76% | Compare |
| FCPT Four Corners Property Trust, Inc. | $2.6B | 21.6× | 20.4× | +12.86% (above 0%: growing) | −5.82% (below 0%: shrinking) | +24.85% (above 0%: growing) | 85.95% | 55.51% | Compare |
| IVT InvenTrust Properties Corp. | $2.5B | 85.4× | 242× | +16.99% (above 0%: growing) | +211.25% (above 0%: growing) | +118.86% (above 0%: growing) | 72.94% | 17.51% | Compare |
| NTST NETSTREIT Corp. | $2.4B | 87.2× | 55.6× | +37.17% (above 0%: growing) | +981.08% (above 0%: growing) | −47.21% (below 0%: shrinking) | 91.03% | 35.20% | Compare |
| GTY Getty Realty Corporation | $1.9B | 17.5× | 18.3× | +13.31% (above 0%: growing) | 0.00% | −1,107.74% (below 0%: shrinking) | 95.96% | 61.69% | Compare |
| CBL CBL & Associates Properties, Inc. | $1.5B | 6.8× | 15.6× | +3.96% (above 0%: growing) | +1,775.00% (above 0%: growing) | +40.87% (above 0%: growing) | 65.39% | 30.53% | Compare |
| ALX Alexander's, Inc. | $1.3B | 6.7× | — (loss-making) | +34.88% (above 0%: growing) | +359.66% (above 0%: growing) | +202.17% (above 0%: growing) | 64.08% | 48.86% | |
| BFS Saul Centers, Inc. | $712.1M | 31.3× | 57.9× | +8.91% (above 0%: growing) | −15.62% (below 0%: shrinking) | −563.94% (below 0%: shrinking) | 71.13% | 16.05% | Compare |
| Median of peers | $2.4B | 27.9× | 39.6× | +10.89% | +211.25% | −40.50% | 72.59% | 31.19% |
Pay and ownership Proxy statement filed 7 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 195.74k | 195.74k | 107.11 |
| 2024 | 189.42k | 189.42k | 88.53 |
| 2023 | 182.16k | 182.16k | 87.19 |
| 2022 | 175.19k | 175.19k | 81.74 |
| 2021 | 169.70k | 169.70k | 89.92 |
Ownership
Directors and executive officers, together
26.36%
Vornado Realty Trust
32.23%
Russell B. Wight, Jr.
18.79%
David Mandelbaum
13.98%
Steven Roth
13.11%
Interstate Properties
9.85%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement