Feed / ALX

Alexander's, Inc.

ALX

Real Estate · 249.39 -1.5% today

Participation confirmed · construction unavailableMarket checked 11 Sept, 15:55 GMT-4

Market read

Alexander's, Inc.'s move is spreading beyond its market group.

No new filing conclusion is available. 5 of 6 group members are active now; 2 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company-1.5% todayVolume comparison unavailable
Market group5 of 6 activeREITs - Office & Mortgage · inactive
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 4 of 6 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • DHC remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 2 of 6 members or fewer.

Watch this read

Research brief

The story so far

Real Estate · REIT - Retail

No new filing conclusion is available. 5 of 6 group members are active now; 2 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 4 of 6 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • DHC remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements34
Verified relationships2
Evidence supporting the case
  • Operating cash flow covered net income at 2.60x in the latest annual period.
Evidence challenging the case
  • Latest annual revenue changed -5.8% year over year.
  • Net margin changed -6.0 percentage points in the latest annual period.
Questions before a position
  • P/E is 89% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 51% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

249.39
6m+5.8%12m+8.2%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$206.1M+3.5%$25.94+0.1%
2022-12-31$205.8M-0.2%$11.24+0.0%
2023-12-31$225.0M+9.3%$19.97+0.1%
2024-12-31$226.4M+0.6%$8.46+0.1%
2025-12-31$213.2M-5.8%$5.50+0.1%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 2 filings
This was primarily due to (i) $2,616,000 of lower interest expense from the 731 Lexington Avenue retail loan restructuring in December 2025 and (ii) $501,000 of lower interest expense from the Rego Park II loan refinancing in December 2025, partially offset b…
10-Q · May 4, 2026
Restructuring and cost reductionsnegative · 1 filings
This was primarily due to (i) $2,616,000 of lower interest expense from the 731 Lexington Avenue retail loan restructuring in December 2025 and (ii) $501,000 of lower interest expense from the Rego Park II loan refinancing in December 2025, partially offset b…
10-Q · May 4, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 6.0× · EV/sales 5.4×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

249.39-1.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ALX. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ALX. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ALX

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

HDThe Home Depot, Inc.customerMay 4, 2026

On January 31, 2025, Home Depot’s 83,000 square foot lease at the retail portion of our 731 Lexington Avenue property expired.

VNOVornado Realty TrustpartnerMay 4, 2026

We are managed by, and our properties are leased and developed by, Vornado Realty Trust (“Vornado”) (NYSE: VNO).

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ALX is currently a Participant in the organic co-movement group REITs - Office & Mortgage. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.