| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | 1 | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2026 | 13.50 |
—
—
—
|
| 2025 | 18.00 |
—
—
—
—
|
| 2024 | 18.00 |
—
—
—
—
|
| 2023 | 18.00 |
—
—
—
—
|
| 2022 | 18.00 |
—
—
—
—
|
| 2021 | 18.00 |
—
—
—
—
|
| 2020 | 18.00 |
—
—
—
—
|
| 2019 | 18.00 |
—
—
—
—
|
| 2018 | 18.00 |
—
—
—
—
|
| 2017 | 17.00 |
—
—
—
—
|
| 2016 | 16.00 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 552.98 | 393.84 | 192.23 | 358.35 |
| Receivables | 130.94 | 116.86 | 113.19 | 112.65 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 683.92 | 510.70 | 305.41 | 470.99 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 51.75 | 38.74 | 36.54 | 28.08 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 51.75 | 38.74 | 36.54 | 28.08 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 53.41 | 54.71 | — | — |
—
|
| ’25 | 54.92 | 51.59 | 53.42 | 53.26 |
213.18
|
| ’24 | 61.40 | 53.39 | 55.68 | 55.91 |
226.37
|
| ’23 | 52.94 | 53.67 | 55.41 | 62.94 |
224.96
|
| ’22 | 49.22 | 49.82 | 53.73 | 53.05 |
205.81
|
| ’21 | 56.15 | 51.39 | 48.95 | 49.66 |
206.15
|
| ’20 | 54.11 | 45.48 | 43.50 | 56.06 |
199.14
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 6.82 | 6.19 | — | — |
—
|
| ’25 | 15.72 | 43.57 | (9.27) | 23.42 |
73.44
|
| ’24 | 16.83 | 11.50 | (5.03) | 30.81 |
54.11
|
| ’23 | 20.74 | 45.17 | (1.54) | 44.74 |
109.11
|
| ’22 | 32.19 | 61.14 | (17.12) | 26.35 |
102.55
|
| ’21 | 53.97 | 8.55 | 28.40 | 27.55 |
118.47
|
| ’20 | 25.04 | 27.72 | 2.77 | 22.55 |
78.07
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (17.06) | 229.41 | — | — |
—
|
| ’25 | 7.70 | 36.96 | (13.62) | 21.62 |
52.66
|
| ’24 | 14.35 | 7.80 | (8.68) | 20.86 |
34.32
|
| ’23 | 18.68 | 112.16 | (2.44) | 43.86 |
172.25
|
| ’22 | 31.03 | 58.50 | (22.03) | 20.67 |
88.16
|
| ’21 | 50.12 | 11.60 | 23.78 | 95.32 |
180.82
|
| ’20 | 18.07 | 21.67 | (7.86) | 13.72 |
45.61
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.91 | 30.24 | — | — |
—
|
| ’25 | 2.40 | 1.19 | 1.16 | 0.74 |
5.50
|
| ’24 | 3.14 | 1.63 | 1.30 | 2.39 |
8.46
|
| ’23 | 2.19 | 12.51 | 2.10 | 3.17 |
19.97
|
| ’22 | 2.84 | 2.89 | 2.95 | 2.57 |
11.24
|
| ’21 | 3.49 | 5.05 | 2.22 | 15.17 |
25.94
|
| ’20 | 0.89 | 2.41 | 1.29 | 3.60 |
8.19
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 200.97 | 155.60 | 196.00 | 184.76 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 274.46 | 242.63 | 251.63 | 260.84 | — | — | — |
High Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 69 | 92 | 90 | 103 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.98 | 2.45 | 2.52 | 2.07 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 205.81 | 224.96 | 226.37 | 213.18 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 56.05% | 55.01% | 54.39% | 50.10% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 57.63 | 102.41 | 43.44 | 28.22 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 28.00% | 45.52% | 19.19% | 13.24% | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 57.63 | 102.41 | 43.44 | 28.22 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.45 | 34.61 | 42.79 | 45.51 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 40.15 | 43.86 | 44.11 | 41.52 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 11.24 | 19.97 | 8.46 | 5.50 | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.01 | 21.27 | 10.54 | 14.30 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.81) | 12.31 | (3.85) | (4.05) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.20 | 33.58 | 6.69 | 10.25 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 46.14 | 46.33 | 34.46 | 21.26 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.13 | 5.13 | 5.13 | 5.14 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.69 | 10.82 | 23.65 | 39.70 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.52 | 4.93 | 4.54 | 5.25 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 4.80 | 4.67 | 5.81 | 10.25 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.81 | 9.55 | 9.37 | 10.58 | ‡‡‡‡ | ‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.57 | 12.47 | 61.80 | 42.85 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 102.55 | 109.11 | 54.11 | 73.44 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.39) | 63.14 | (19.78) | (20.79) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 88.16 | 172.25 | 34.32 | 52.66 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 564.86 | 632.17 | 471.96 | 268.87 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,091.05 | 1,092.55 | 988.02 | 829.45 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 609.61 | 539.57 | 594.18 | 637.23 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 236.50 | 237.66 | 176.86 | 109.16 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.13% | 7.31% | 3.17% | 2.30% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.87% | 6.80% | 6.63% | 5.46% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.57% | 43.20% | 20.96% | 19.74% | — | — | — |
ROE
|
Alexander’s, Inc. (ALX), a niche REIT anchored in premium New York City retail assets, demonstrates remarkable revenue stability—hovering between $199-233 million since 2016 despite COVID disruptions and macroeconomic pressures—fueled by efficient operations yielding over $2 million per employee annually. Yet, this resilience masks sharp profitability volatility, with net income swinging from peaks of $133 million in 2021 to projected troughs of $28 million in 2025, driven by one-off gains, refinancing cycles, and sensitivity to rising interest rates that have eroded book value per share by 69% to $21.26.
Cash flows remain steadier, with operating inflows averaging $102 million, though free cash flow per share fluctuates wildly amid capex shifts and a deleveraging balance sheet that slashed debt 51% to $829 million—still pressuring ROE and ROA amid elevated leverage metrics like EV/FCF at 61.8x. Stock performance loosely tracks this downtrend, with highs declining 44% since 2016, correlating strongly with book value erosion (r=-0.92), yet current trading implies a 19% premium to unanimous analyst targets.
Insider silence over the past year offers no conviction, while forecasts signal modest 6% revenue growth to 2026 overshadowed by 15% net income contraction and margin squeezes. This bifurcated profile—irreplaceable urban moats versus leverage and e-commerce risks—hints at potential unwind in the stock’s outperformance, urging caution as rate cuts could spark ROIC rebound above 6%, but prolonged highs elevate default odds to 40%.
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