ALX News and Press, Alexander's Inc. From 05/19/23

PARAMUS, N.J., May 19, 2023 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) announced today that it has completed the previously announced sale of the Rego Park III land parcel adjacent to its Rego Park II shopping center, located in Queens, New York, for $71 million inclusive of co...

2023-05-19 09:00:00 ET Summary The new pariah of the commercial real estate sector, Office REITs, have remained in free-fall in recent months, plunging another 30% this year following a plunge of nearly 40% last year. Just how bad is it? The surge in interest rates has turned a we...

2023-05-17 05:34:00 ET I'm old enough to remember having shopped at Alexander's, which was a department store "way back when." Today, however, what's left of that business is a set of properties owned by a real estate investment trust (REIT) that bears the Alexander's (NYSE: ALX) na...

2023-05-14 01:43:21 ET Summary Alexander's is now paying out a 10.65% dividend yield on the back of a 24% year-to-date pullback of its common shares. FFO per share fell by $0.62 over its year-ago comp as interest expenses moved up 177.5% year-over-year. The dividend is current...

2023-05-11 08:05:00 ET Summary I expect many more dividend cuts in the coming quarters. Office REITs are facing a perfect storm. I highlight 5 REITs that are likely to cut their dividends. For further details see: Sell Alert: 5 REITs That Likely Will ...

2023-05-02 14:40:02 ET Alexander's, Inc. (ALX) Q1 2023 Earnings Conference Call May 02, 2023 10:00 AM ET Company Participants Steve Borenstein - Senior Vice President & Corporate Counsellor Steven Roth - Chairman & Chief Executive Officer Michael Franco -...

2023-05-01 08:54:44 ET Alexanders press release ( NYSE: ALX ): Q1 FFO of $3.63 misses by $0.24 . Revenue of $52.94M (+7.6% Y/Y) misses by $0.06M . For further details see: Alexanders FFO of $3.63 misses by $0.24, revenue of $52.94M misses by $0.06M

2023-05-01 03:48:08 ET Storm clouds are brewing for the U.S. commercial property market, according to Berkshire Hathaway ( NYSE: BRK.A ) ( NYSE: BRK.B ) Vice Chairman Charlie Munger, who warned of a potential crash amid trouble in the U.S. financial system. "It's not nea...

2023-03-24 07:00:00 ET Summary I'm always fascinated with NYC, and I even dreamed about working on Wall Street and perhaps that’s why I’m now a Wall Street writer. What’s not to love about this iconic city? Well, let me tell you about three office REITs th...

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 ...