Executive leadership at ALEXANDERS.
Board of directors at ALEXANDERS.
Research analysts who have asked questions during ALEXANDERS earnings calls.
John Kim
BMO Capital Markets
4 questions for ALX
Michael Griffin
Citigroup Inc.
4 questions for ALX
Alexander Goldfarb
Piper Sandler
3 questions for ALX
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
3 questions for ALX
Steve Sakwa
Evercore ISI
3 questions for ALX
Dylan Burzinski
Green Street Advisors, LLC
2 questions for ALX
Floris van Dijkum
Compass Point Research & Trading
2 questions for ALX
Julien Blouin
The Goldman Sachs Group, Inc.
2 questions for ALX
Michael Lewis
Truist Securities, Inc.
2 questions for ALX
Nick Yulico
Scotiabank
2 questions for ALX
Caitlin Burrows
Goldman Sachs
1 question for ALX
Camille Bonnel
Bank of America
1 question for ALX
Jing Xian Tan
Bank of America
1 question for ALX
Nicholas Yulico
Scotiabank
1 question for ALX
Ronald Kamdem
Morgan Stanley
1 question for ALX
Vikram Malhotra
Mizuho Financial Group, Inc.
1 question for ALX
Recent press releases and 8-K filings for ALX.
- Alexander's, Inc. completed a $175 million refinancing of its 615,000 square foot Rego Park II shopping center in Queens, New York.
- The new interest-only loan is at SOFR plus 2.00%, currently 5.82%, and matures in December 2030.
- The company paid down $23.5 million of the prior $198.5 million loan, which was scheduled to mature on December 12, 2025.
- Alexander's, Inc. completed a $175 million refinancing for its 615,000 square foot Rego Park II shopping center in Queens, New York, on December 5, 2025.
- The new loan is an interest-only loan at SOFR plus 2.00%, currently 5.82%, and matures in December 2030.
- This refinancing involved paying down $23.5 million from the previous $198.5 million loan, which bore interest at SOFR plus 1.45% and was scheduled to mature on December 12, 2025.
- Vornado Realty Trust executed 594,000 sq ft of New York office deals in Q3 2025 at average starting rents of $103 per sq ft, with mark-to-markets of +15.7% GAAP and +10.4% cash. For the first nine months of 2025, the company leased 3.7 million sq ft overall, including 2.8 million sq ft of Manhattan office space.
- The Penn District showed significant progress, with Penn 2 reaching 78% occupancy and on track to exceed its 80% year-end guidance after leasing 325,000 sq ft in Q3 at $112 per sq ft average starting rents, plus an additional 188,000 sq ft post-quarter end.
- The company's balance sheet improved, with the net debt-to-EBITDA ratio decreasing to 7.3 times from 8.6 times at the start of the year, and immediate liquidity standing at $2.6 billion. This includes $1.15 billion in cash and $1.44 billion in undrawn credit lines.
- Strategic investments include the $218 million acquisition of 623 Fifth Avenue for redevelopment, with a budgeted 9% yield on cost, and plans to commence demolition for the 350 Park Avenue new build in March 2026. Additionally, Vornado plans to begin construction next year on a 475-unit rental residential building on its 34th Street site.
- Management noted a robust New York City office market, with Midtown core Class A better building vacancy down to 6.2% and Manhattan office leasing activity projected to exceed 40 million sq ft for the year, marking the first time since 2019.
- ALEXANDER'S, INC. reported net income of $6.0 million ($1.16 per diluted share) for the third quarter ended September 30, 2025, a decrease from $6.7 million ($1.30 per diluted share) in the same period last year.
- Funds from operations (FFO) for Q3 2025 increased slightly to $14.9 million ($2.91 per diluted share) from $14.6 million ($2.84 per diluted share) in Q3 2024.
- For the nine months ended September 30, 2025, net income was $24.4 million ($4.75 per diluted share) and FFO was $50.5 million ($9.84 per diluted share), both lower than the prior year's nine-month period.
- Revenues for the third quarter ended September 30, 2025, were $53,424 thousand, a decrease from $55,675 thousand in the prior year quarter.
Quarterly earnings call transcripts for ALEXANDERS.
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