Earnings summaries and quarterly performance for ALEXANDERS.
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.
- 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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