ALX News and Press, Alexander's Inc. From 03/12/23

2023-03-12 09:00:00 ET Summary U.S. equity markets tumbled this week after the sudden collapse of a pair of technology-focused banks sparked concerns over financial stability and overshadowed a generally solid slate of employment data. Effectively erasing all of its gains for the ...

2023-03-10 05:00:53 ET Most vanilla investors like to buy stocks that are well-liked by Wall Street analysts. This strategy, my contrarian friend, we know is a recipe for disaster . Why? Well, firms that are already popular with stock jocks have nowhere to go but down. Discard...

2023-03-08 18:01:49 ET Alexander's ( NYSE: ALX ) said Wednesday it will sell the Rego Park III land parcel adjacent to its Rego Park II shopping center in Queens, New York for $71M. The deal amount is inclusive of consideration for Brownfield tax benefits and reimburse...

PARAMUS, N.J., March 08, 2023 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) announced today that it has entered into an agreement to sell the Rego Park III land parcel adjacent to its Rego Park II shopping center, located in Queens, New York, for $71 million inclusive of considera...

Summary Alexander's, Inc. is a REIT managing six properties in the New York City Metropolitan Area, one of which is home to Bloomberg L.P. A double usual debt/EBITDA of 10.7 raises red flags for the company and threatens its credit ratings. I rate it a Sell due to its declining cash...

Summary Quite a few REITs are expected to cut their dividend in 2023. Rising interest rates and deteriorating economic conditions are putting pressure on some REITs. I highlight 3 REITs that are likely to cut their dividend. Today, most real estate investment trusts ("REIT...

Alexanders press release ( NYSE: ALX ): Q4 AFFO of $4.03 misses by $0.05 . Revenue of $53.05M (+6.8% Y/Y) beats by $1.35M . For further details see: Alexanders AFFO of $4.03 misses by $0.05, revenue of $53.05M beats by $1.35M

Summary Pressured by the painfully slow “return to the office” with daily utilization rates still 50% below pre-pandemic norms, Office REITs are among the worst-performing property sectors this year. Office leasing activity and REIT earnings results have been surpris...

Alexanders press release ( NYSE: ALX ): Q3 AFFO of $4.40 beats by $0.37 . GAAP EPS of $2.95 Revenue of $53.73M (+9.8% Y/Y) beats by $3.93M . For further details see: Alexanders AFFO of $4.40 beats by $0.37, revenue of $53.73M beats by $3.93M

Summary Vornado is one of the Office REITs with the highest upside we consider relevant at this time here at iREIT on Alpha. Vornado is a very strong NYC-based office REIT with a great platform and portfolio, and there are key arguments for why we may see a reversal here. Whil...