# Alexander's, Inc. (ALX)

> Source: Nexqual · https://nexqual.com/ALX · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Alexander's, Inc. (ALX), nexqual.com/ALX" · informational, not investment advice.

**Price:** USD 247.25 (+3.65% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 238.54 · day 240.47–247.3 · 52w 201.28–289.43 · market cap $1.26B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $215M, net income $170M (79.1% margin) (SEC filings).
- Valuation: P/E 7.4x (avg 24.7x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold ALX (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $113K; 1 not under a Rule 10b5-1 plan ($113K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Strong Sell (mean 5.00 on a 1–5 scale) (1 analysts), mean target USD 192 (range 192–192).
- Total return with dividends: 1Y +14.8% vs S&P 500 +14.9%; 5Y +28.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD —, revenue estimate $82.4M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $206M | $206M | $225M | $226M | $213M | $215M |
| Net income | $133M | $57.6M | $102M | $43.4M | $28.2M | $170M |
| EPS (diluted) | $25.94 | $11.24 | $19.97 | $8.46 | $5.50 | — |
| Net margin | 64.5% | 28.0% | 45.5% | 19.2% | 13.2% | 79.1% |
| Revenue growth | +3.5% | -0.2% | +9.3% | +0.6% | -5.8% | — |
| Cash + short-term investments | $464M | $462M | $532M | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 7.4x · P/S 5.9x · P/B 5.7x · Earnings yield 13.45% · Dividend yield (paid, TTM) 7.32%
P/E at fiscal year-ends: Dec 2025 39.7x, Dec 2024 23.6x, Dec 2023 10.7x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold ALX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mason Hawkins | Southeastern Asset Management | 1.42% | $27.3M | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-09 | Wight Russell B Jr | Director | 423 | $113K | 32% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Strong Sell (mean 5.00 on a 1–5 scale), 1 analysts; mean target USD 192 (low 192, high 192).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Piper Sandler | Target lowered | Underweight | $212 → $192 |
| 2026-07-21 | Piper Sandler | Target raised | Underweight | $190 → $212 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +14.8% | +28.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +14.9% | +5.2% |
| Volatility (annualized) | 27.3% | 25.7% |
| Max drawdown | -17.3% (Jul 2026→Oct 2026) | -37.3% (Oct 2021→May 2023) |

## Peers (REIT - Retail)
CBL (CBL & Associates Properties, In) USD 49.83 +2.11% · BFS (Saul Centers, Inc.) USD 29.52 +2.39% · NTST (NetSTREIT Corp.) USD 17.02 +3.34% · GTY (Getty Realty Corporation) USD 28.45 +3.57% · IVT (InvenTrust Properties Corp.) USD 30.14 +2.55% · FCPT (Four Corners Property Trust, In) USD 22.05 +4.06%

## More
Full page: https://nexqual.com/ALX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ALX's own 10-K filed 2026-02-09 (https://www.sec.gov/Archives/edgar/data/3499/000000349926000005/alx-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Home Depot (HD) | "This was primarily due to (i) $13,831,000 of lower rental revenue from Home Depot's lease expiration at 731 Lexington Avenue and (ii) $9,001,000 of lower rental revenue from IKEA's lease expiration at Rego Park I, partia…" |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Tenant services | $1.4M | 2.5% | +58.3% |
| Parking revenue | $1.2M | 2.1% | -5.0% |
| Total revenue | $54.7M | 100% | — |
The lines above cover 4.6% of total revenue.

## Customer concentration

Period ended 2026-06-30: 60% of revenue from unnamed direct customers (10-Q, filed 2026-08-03).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | — | — | — | $82.4M | — |
| Next quarter (ends 2026-12-31) | — | — | — | $54.1M | — |
| Current fiscal year (ends 2026-12-31) | — | — | — | $244.7M | — |
| Next fiscal year (ends 2027-12-31) | — | — | — | $229.4M | — |