ALEXANDERS REIT INC (ALX)
Real Estate · office REITs · NYSE
A niche New York City-focused REIT that leverages a strategic management partnership with Vornado Realty Trust to operate its commercial property portfolio.
What ALEXANDERS REIT INC does
Alexander's, Inc. is a real estate investment trust (REIT) that focuses on the leasing, management, and development of properties, primarily in the greater New York City metropolitan area. The company's business model relies on owning high-quality commercial assets and maintaining a long-standing management and leasing partnership with Vornado Realty Trust.
Themes: NYC real estate, commercial real estate investment, office and retail property management
Fundamentals
- Price$241.48 as of 2026-10-08 close
- Market cap$1.2B as of 2026-07-31 (share count; price 2026-10-08)
- 1-year return+0.5% 2025-10-08 close $240.37 → 2026-10-08 close $241.48
- P/E7.31 as of 2026-10-08
- Net margin+13.2% FY2025, SEC XBRL
- ROE+25.9% FY2025, SEC XBRL
- Debt / equity3.73 as of 2026-09-03
- Revenue growth (YoY)-1.5% as of 2026-09-03
- Revenue CAGR (3y)+1.2% SEC XBRL
- Beta0.39 as of 2026-09-03
- Last reported earningsn/a no earnings announcement (Form 8-K, Item 2.02) has been filed in our data yet
Dividend: yield +7.3%; at least 9 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How ALX compares in its sector
- price-to-earnings ratiobottom 10% 120 covered Real Estate peers, as of 2026-10-08
- net profit marginmiddle range 154 covered Real Estate peers, as of 2026-09-03
- return on equitytop 10% 158 covered Real Estate peers, as of 2026-09-03
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldtop 25% 140 covered Real Estate peers, as of 2026-09-03
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, ALX's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 327%, operating-cash-flow payout 126%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout327% dividends / net income
- Operating-cash-flow payout126% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How ALEXANDERS REIT INC looks technically
ALEXANDERS REIT INC (ALX) is trading 3.1% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 161 trading days ago — a "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 32, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 31, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 9 trading days ago (its momentum flipped positive). It made a new 20-day low about 2 trading days ago. It is 16.6% below its highest point of the past year. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 3.1% below its 200-day average, the long-term trend line — a long-term downtrend | -3.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $259.37 | $259.37 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $249.32 | $249.32 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 20 calendar days ago — the swings before that are what the structure reading is measured on | 20 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that downward direction; the labelling fails if price closes above 259.9801. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible downward five-wave sequence, in wave 4 (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 161 trading days ago — a "golden cross", a bullish long-term signal | 161 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 32, with sellers in control | 31.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 31, neither overbought (above 70) nor oversold (below 30) | 31.4 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($238.63 to $253.02) — its "stochastic" reading is 20 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 19.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 9 trading days ago (its momentum flipped positive) | 9 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $289.43 | $289.43 |
|---|---|---|
| From the 52-week high | it is 16.6% below its 52-week high (its highest price of the past year) | -16.6% |
| Above the 52-week low | it is 20.0% above its 52-week low (its lowest price of the past year) | +20.0% |
| Below the 52-week high | it is 16.6% below its highest point of the past year | 16.6% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $486.25 (set on 2015-01-23) | $486.25 |
| Given back of the 52-week move | over the past year its closes ranged ($205.15 to $286.10), and it has given back around half of its rise from last year’s low — 55% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $233.48 to $236.07. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 55.1% |
| From the all-time high | it is 50.3% below its all-time high | -50.3% |
| Nearest price level | it is trading 0.8% below a resistance level at $243.34 — a price it turned at four times since 2024-11-07, most recently on 2026-09-18. Since 2024-10-08 it has 6 such levels below the current price and 5 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.8% |
| All-time low | its lowest closing price on record is $125.88 (set on 2009-02-23) | $125.88 |
| Above the all-time low | it is 91.8% above its all-time low | +91.8% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move | 0th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $4.93 between its high and its low — about 2.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $4.93 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $241.60 and $251.03 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $241.60 – $246.31 – $251.03 |
| Typical daily range (% of price) | its price moves about 2.0% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.0% |
| Stretch from the 200-day average | it is trading 1.6 daily ranges below its 200-day average price (3.1% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.6 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.39× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
3
| Since a doji | 4 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 4 sessions ago |
|---|---|---|
| Since a hammer | 5 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 5 sessions ago |
| Since a bearish engulfing | 7 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 7 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-08 1.0% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -1.0% |
|---|---|---|
| Gap filled | a 2.2% gap down opened on 2026-07-31 has been "filled" 46 sessions ago — price traded back through the level the gap left behind, and it took 2 sessions to close | 46 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 8.7 percentage points (the stock lost 7.7% while the market gained 1.0%) | -8.7% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 14.8 percentage points (the stock lost 10.9% while the market gained 3.8%) | -14.8% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 11.7 percentage points (the stock gained 5.8% while the market gained 17.5%) | -11.7% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 14.5 percentage points (the stock gained 0.5% while the market gained 15.0%) | -14.5% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, MACD momentum is positive, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, a fresh 20-day low, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 10% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.1% of the share price, which is taken to mean a barrier that gives way easily. | -10.0% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 2% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $245.98 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | -1.8% |
|---|
Price levels it has turned at before
ALX last closed at $241.48 on 2026-10-08. Since 2024-10-08 it has turned at 6 prices below its last close and 5 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $243.34 | Resistance | 0.8% above the last close | turned there four times · 2024-11-07 to 2026-09-18 |
| $238.36 | Support | 1.3% below the last close | turned there three times · 2024-10-16 to 2025-11-05 |
| $233.05 | Support | 3.5% below the last close | turned there five times · 2025-06-09 to 2026-05-04 |
| $251.11 | Resistance | 4.0% above the last close | turned there 10 times · 2025-09-12 to 2026-09-29 |
| $226.61 | Support | 6.2% below the last close | turned there 8 times · 2024-10-23 to 2026-05-13 |
| $259.56 | Resistance | 7.5% above the last close | turned there four times · 2025-07-24 to 2026-08-17 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes above $259.98.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
On past moves of this shape the leg has usually ended somewhere between $250.48 and $259.63 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
This reading has stood for 10 trading days, since 2026-09-25.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Broke down to a new 20-day low · in a Bollinger Band volatility squeeze · lagging the market · At the bottom of its 14-day range (stochastic below 20) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · bollinger bands
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$212.00 range $212.00 – $212.00
Analyst estimates, as of 2026-10-04. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Key risks (from latest filing)
["Significant concentration of properties in the New York City market makes the company highly vulnerable to local economic downturns.","Heavy dependence on Vornado Realty Trust for management and leasing services creates potential conflicts of interest and operational risk.","High exposure to interest rate fluctuations due to significant debt obligations."]
What changed in the latest 10-Q
AI-assisted comparison of ALX's 10-Q filed 2026-08-03 against the prior one filed 2026-05-04.
Management's Discussion & Analysis (MD&A)
- Removed:
- In the older filing filed 2026-05-04, the forward-looking statements list included 'the timing of closing the sale of our Rego Park I property and the estimates of financial impact from such sale.'
- Reworded:
- [object Object]
- Notes:
- The provided texts appear truncated, ending mid-sentence in both versions ('see “' in the newer and 'see “' in the older). Only the visible portion could be compared.
Risk Factors
- Added:
- Newer filing adds a 'Quarter Ended June 30, 2026 Financial Results Summary' section with net income of $155,362,000, or $30.24 per diluted share, compared to $6,120,000 or $1.19 per diluted share for the prior year's quarter, including a $148,002,000 net gain from the sale of the Rego Park I property.
- Newer filing adds FFO (non-GAAP) for the quarter ended June 30, 2026 of $15,538,000, or $3.02 per diluted share, compared to $14,762,000 or $2.88 per diluted share in the prior year's quarter.
- Newer filing adds a 'Six Months Ended June 30, 2026 Financial Results Summary' section with net income of $160,024,000, or $31.15 per diluted share, compared to $18,432,000 or $3.59 per diluted share in the prior year's six months.
- Newer filing adds FFO (non-GAAP) for the six months ended June 30, 2026 of $28,902,000, or $5.63 per diluted share, compared to $35,604,000 or $6.93 per diluted share in the prior year's six months.
- Newer filing adds disclosure of a June 26, 2026 lease modification agreement with a 135,000 square foot tenant at the Rego Park shopping center providing options for early termination in August 2026, subject to a payment of approximately $29,000,000 from the tenant, and a simultaneous 15-year lease, plus renewal options, with Target for that space.
- Newer filing adds a 'Real Estate Sale' section stating that on May 28, 2026, the company completed the sale of its Rego Park I property for $235,500,000, with total proceeds of $202,750,000, net of costs, and a financial statement gain of $148,002,000.
- Newer filing adds 'Results of Operations' sections for the three and six months ended June 30, 2026 compared to June 30, 2025, including rental revenues, operating expenses, depreciation and amortization, general and administrative expenses, interest and other income, interest and debt expense, and net gain on sale of real estate with comparative figures and explanations.
- Removed:
- Older filing contains a 'Quarter Ended March 31, 2026 Financial Results Summary' section with net income of $4,662,000, or $0.91 per diluted share, compared to $12,312,000 or $2.40 per diluted share in the prior year's quarter, which is not present in the newer filing.
- Older filing contains FFO (non-GAAP) for the quarter ended March 31, 2026 of $13,364,000, or $2.60 per diluted share, compared to $20,842,000 or $4.06 per diluted share in the prior year's quarter, which is not present in the newer filing.
- Older filing contains a 'Property Held for Sale' section with disclosure of a March 6, 2026 agreement to sell the Rego Park I shopping center, expected closing by the third quarter of 2026, expected proceeds of approximately $202,000,000 net of estimated costs, approximately $222,800,000 at closing after $20,800,000 of costs already paid, and an expected financial statement gain of approximately $147,000,000, which is not present in the newer filing.
- Older filing contains 'Results of Operations' sections for the three months ended March 31, 2026 compared to March 31, 2025, including rental revenues, operating expenses, depreciation and amortization, general and administrative expenses, interest and other income, and interest and debt expense with comparative figures and explanations, which are not present in the newer filing.
- Older filing contains a 'Liquidity and Capital Resources' section with cash flows disclosure for the three months ended March 31, 2026, including liquidity of $152,051,000 as of March 31, 2026, net cash used in investing activities of $23,878,000, net cash used in financing activities of $23,112,000, and net cash provided by operating activities of $6,816,000, which is not present in the newer filing.
- Reworded:
- Newer filing states the portfolio is comprised of four properties aggregating 2,110,000 square feet, while the older filing states the portfolio is comprised of five properties aggregating 2,446,000 square feet.
- Newer filing states the commercial occupancy rate as of June 30, 2026 was 94.6% and the residential occupancy rate was 97.4%, while the older filing states the commercial occupancy rate as of March 31, 2026 was 94.4% and the residential occupancy rate was 97.4%.
- Newer filing states Bloomberg leases approximately 952,000 square feet and accounted for revenue of $65,229,000 and $64,446,000 for the six months ended June 30, 2026 and 2025, respectively, representing approximately 60% and 61% of rental revenues, while the older filing states Bloomberg leases approximately 947,000 square feet and accounted for revenue of $32,471,000 and $32,205,000 for the three months ended March 31, 2026 and 2025, respectively, representing approximately 61% and 59% of rental revenues.
- Newer filing refers to the deferred lease incentive asset as an 'initial deferred lease incentive asset of $113,618,000,' while the older filing refers to it as 'a deferred lease incentive asset of $113,618,000.'
- Newer filing compares three-month results ended June 30, 2026 to June 30, 2025, while the older filing compares three-month results ended March 31, 2026 to March 31, 2025, with different figures and explanatory factors throughout the Results of Operations sections.
- Notes:
- The newer filing text appears to be truncated at the end of the Six Months Ended June 30, 2026 Rental Revenues paragraph.
- The older filing text appears to be truncated within the Liquidity and Capital Resources section mid-sentence.
- The newer filing omits the separate Liquidity and Capital Resources section included in the older filing, which may be due to section truncation rather than an actual removal.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-040 buys · 1 sell ($112941) — 1 selling insider
Most recent open-market transaction: 2026-06-09. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about ALX's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
ALX had 237,768 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
ALX had 4.66% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 6.05 days to cover at the same settlement.
- Reported short interest (shares) 237,768
- Short interest (% of shares outstanding) 4.66%
- Prior settlement (shares) 292,337
- Reported change -18.67%
- Days to cover (reported) 6.05
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Vornado Realty Trust (VNO)
- SL Green Realty (SLG)
- Empire State Realty Trust (ESRT)
- Boston Properties (BXP)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare ALX vs…
Frequently asked questions
What does ALEXANDERS REIT INC (ALX) do?
Alexander's, Inc. is a real estate investment trust (REIT) that focuses on the leasing, management, and development of properties, primarily in the greater New York City metropolitan area. The company's business model relies on owning high-quality commercial assets and maintaining a long-standing management and leasing partnership with Vornado Realty Trust.
What sector is ALEXANDERS REIT INC (ALX) in?
ALEXANDERS REIT INC (ALX) is classified in the Real Estate sector. Its industry is office REITs. It trades on NYSE.
Does ALX pay a dividend?
Yes — ALEXANDERS REIT INC (ALX) pays a dividend, with an indicated yield of about 7.28% and at least 9 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-03). Informational only — not financial advice.
Who are ALEXANDERS REIT INC's (ALX) competitors?
Notable peers of ALEXANDERS REIT INC (ALX) include Vornado Realty Trust, SL Green Realty, Empire State Realty Trust and Boston Properties. This peer set is informational only — not financial advice.
Is ALEXANDERS REIT INC (ALX) overbought or oversold right now?
ALEXANDERS REIT INC (ALX) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 31, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on ALX come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.