Alexander's
Owns a compact New York property portfolio managed by Vornado.
Something off on this page? Send us feedback.
Profile
Owns four greater New York City properties spanning 731 Lexington Avenue, Rego Center, apartments, and Flushing retail. Rental income is concentrated in 731 Lexington and Bloomberg, while Vornado handles management, leasing, and development.
Owns a compact set of greater New York City real estate assets: 731 Lexington Avenue in Manhattan, Rego Center and The Alexander in Queens, plus a Flushing retail property. The business reports one property leasing, management, development, and redevelopment segment.
Vornado Realty Trust manages the portfolio, including leasing and development work. The operating model is asset ownership rather than a standalone management platform, with property-level staff supporting cleaning, engineering, parking, and security.
Rental income depends heavily on 731 Lexington Avenue and Bloomberg's office lease. The post-sale portfolio reflects the disposal of Rego Park I, leaving a narrower New York-area REIT whose economics are shaped by tenant concentration, external management, and local property demand.
Company facts
Key statistics
Year to date +23.4% · Average volume (30d) 33.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 21, 2026 | Piper Sandler | Reiterate | Underweight | $125 | $212 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $3.00 | $3.02 | +0.7% | $54.1M | $54.7M | +1.1% | +2.65% |
| May 4, 2026Q1 FY26 | $3.08 | $2.60 | −15.6% | $53.4M | $53.4M | 0.0% | +3.06% |
| Feb 9, 2026Q4 FY25 | $3.02 | $2.43 | −19.5% | $53.4M | $53.3M | −0.3% | +3.06% |
| Nov 3, 2025Q3 FY25 | $2.50 | $2.91 | +16.4% | $53.4M | $53.4M | 0.0% | +2.15% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $54.9M | $51.6M | $53.4M | $53.3M | $53.4M | $54.7M | |
| Gross profit | $54.9M | $51.6M | $51.6M | $7.0M | $24.4M | $54.7M | |
| Operating income | $19.2M | $15.0M | $16.4M | $14.7M | $13.9M | $16.5M | |
| Net income | $12.3M | $6.1M | $6.0M | $3.8M | $4.7M | $155.4M | |
| Diluted EPS | $2.40 | $1.19 | $1.16 | $0.74 | $0.91 | $30.24 | |
| Gross margin | 100.0% | 100.0% | 96.5% | 13.1% | 45.7% | 100.0% | |
| Operating margin | 34.9% | 29.1% | 30.6% | 27.6% | 26.1% | 30.1% |
Fiscal years (4-quarter sums)FY21 $206.1M · FY22 $205.8M · FY23 $225.0M · FY24 $226.4M · FY25 $213.2M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $358.3M · Total debt $856.6M · Total assets $1.20B · Shareholders' equity $223.6M
Dividends
Raised for 12 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 28 | $4.50 | |
| May 11, 2026 | May 11 | May 29 | $4.50 | |
| Feb 17, 2026 | Feb 17 | Feb 27 | $4.50 | |
| Nov 10, 2025 | Nov 10 | Nov 28 | $4.50 | |
| Aug 11, 2025 | Aug 11 | Aug 29 | $4.50 | |
| May 12, 2025 | May 12 | May 30 | $4.50 | |
| Feb 18, 2025 | Feb 18 | Feb 28 | $4.50 | |
| Nov 8, 2024 | Nov 11 | Nov 29 | $4.50 |
Ownership
Shares outstanding 5.11M · Float 2.12M · 41.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 229.6K | 4.50% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 188.9K | 3.70% | 13F | Aug 13, 2026 |
| Morgan Stanley | 163.4K | 3.20% | 13F | Aug 13, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 157.1K | 3.08% | 13F | Aug 14, 2026 |
| Goldman Sachs Group Inc | 134.1K | 2.63% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 9, 2026 | Russell B. Jr Wight | director, 10 percent owner: | −423 | $267.00 |
Peers
- SL Green Realty
Manhattan office landlord competing for Midtown tenants
- Vornado Realty Trust
Related manager and NYC office/retail landlord
- Empire State Realty Trust
NYC office, retail, and multifamily peer
- BXP
Large gateway-market office owner with NYC towers
- Kimco Realty
Open-air shopping-center REIT with Queens exposure
- Urban Edge Properties
NYC-metro retail landlord focused on shopping centers
- Acadia Realty Trust
Street and open-air retail REIT active in NYC
- Equity Residential
Large apartment REIT with a New York portfolio
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alexander's | $270.19 | +0.01% | $1.38B | 8.2 | 24.8 | 6.4 | +6.1% |
| SL Green Realty | $57.95 | +0.68% | $4.09B | — | — | 3.9 | −29.0% |
| Vornado Realty Trust | $38.20 | 0.00% | $7.19B | 1,154.1 | — | 3.9 | +4.7% |
| Empire State Realty Trust | $4.59 | 0.00% | $787.0M | — | — | 1.0 | +3.0% |
| BXP | $68.89 | −0.61% | $11.05B | 37.3 | 33.8 | 3.1 | +3.1% |
| Kimco Realty | $23.78 | +0.02% | $16.03B | 26.7 | 27.8 | 7.3 | +4.1% |
| Urban Edge Properties | $21.39 | 0.00% | $2.70B | 40.0 | 46.4 | 5.4 | +7.5% |
| Acadia Realty Trust | $20.72 | −0.05% | $2.85B | 60.1 | 66.4 | 7.0 | −9.4% |
| Equity Residential | $63.66 | −3.50% | $23.87B | 27.9 | 42.5 | 7.6 | +2.1% |
| Median | 38.6 | 42.5 | 4.7 | +3.0% |