ALEXANDERS INC

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 consideration for Brownfield tax benefits and reimbursement of costs for plans, specifications and improvements to date. The property consists of 670,000 buildable square feet located in an Opportunity Zone, vested for the 421a Affordable New York Housing Program and eligible to receive Brownfield tax credits. There will be a financial statement gain of approximately $54 million. Alexander''s, Inc. is a real estate investment trust that has five properties in New York City. CONTACT: GARY HANSEN (201) 587-8541 Full story available on Benzinga.com

Alexander''s is now paying out a 10.65% dividend yield on the back of a 24% YTD pullback of its common shares. Read why ALX stock is a Hold.

Alexander''s, Inc. (NYSE:NYSE:ALX) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ETCompany ParticipantsSteve Borenstein - Senior Vice President & Corporate CounsellorSteven Roth…

PARAMUS, N.J., May 01, 2023 (GLOBE NEWSWIRE) -- ALEXANDER''S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended March 31, 2023 today and reported: Net income for the quar…

PARAMUS, N.J., May 01, 2023 (GLOBE NEWSWIRE) -- ALEXANDER''S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended March 31, 2023 today and reported: Net income for the quarter ended March 31, 2023 was $11.2 million, or $2.19 per diluted share, compared to $14.5 million, or $2.84 per diluted share for the quarter ended March 31, 2022. Funds from operations ("FFO") (non-GAAP) for the quarter ended March 31, 2023 was $18.6 million, or $3.63 per diluted share, compared to $21.8 million, or $4.25 per diluted share for the quarter ended March 31, 2022. Alexander''s, Inc. is a real estate investment trust which has six properties in New York City. CONTACT: GARY HANSEN (201) 587-8541 Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

PARAMUS, N.J., Feb. 13, 2023 (GLOBE NEWSWIRE) -- ALEXANDER''S, INC. (New York Stock Exchange: ALX) filed its Form 10-K for the year ended December 31, 2022 today and reported: Fourth Quarter 2022 Financial Results Net income for the quarter ended December 31, 2022 was $13.2 million, or $2.57 per diluted share, compared to $77.7 million, or $15.17 per diluted share for the quarter ended December 31, 2021. Net income for the quarter ended December 31, 2021 included $63.2 million, or $12.33 per diluted share, of income as a result of net gains on the sale of real estate, including $2.3 million, or $0.46 per diluted share, from discontinued operations. Funds from operations ("FFO") (non-GAAP) for the quarter ended December 31, 2022 was $20.6 million, or $4.03 per diluted share, compared to $21.7 million, or $4.23 per diluted share for the quarter ended December 31, 2021. Year Ended December 31, 2022 Financial Results Net income for the year ended December 31, 2022 was $57.6 million, or $11.

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PARAMUS, N.J., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Alexander''s, Inc. (NYSE: ALX ) today announced that it will file its annual report on Form 10-K for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission and issue its fourth quarter and full year earnings release on Monday, February 13, 2023, before the New York Stock Exchange opens. Vornado Realty Trust (NYSE: VNO ), the manager which conducts Alexander''s operations, announced it will host its quarterly earnings conference call and an audio webcast on Tuesday, February 14, 2023 at 10:00 a.m. Eastern Time (ET). On the call, information concerning Alexander''s may be discussed. The conference call can be accessed by dialing 866-652-5200 (domestic) or 412-317-6060 (international) and asking the operator to join the Vornado Realty Trust Conference call. A live webcast of the conference call will be available on Vornado''s … Full story available on Benzinga.com

PARAMUS, N.J., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that it will file its annual report on Form 10-K for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission and issue its fourth quarter and full year earnings release on Monday, February 13, 2023, before the New York Stock Exchange opens.

Thursday marks the last chance for investors to receive the next dividend payout from Alexander''s (NYSE: ALX ). What''s Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of $4.5 per share. On Friday, Alexander''s will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, … Full story available on Benzinga.com

PARAMUS, N.J., Oct. 31, 2022 (GLOBE NEWSWIRE) -- ALEXANDER''S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended September 30, 2022 today and reported: Third Quarter 2022 Financial Results Net income for the quarter ended September 30, 2022 was $15.1 million, or $2.95 per diluted share, compared to $11.4 million, or $2.22 per diluted share for the quarter ended September 30, 2021. Funds from operations ("FFO") (non-GAAP) for the quarter ended September 30, 2022 was $22.5 million, or $4.40 per diluted share, compared to $21.2 million, or $4.13 per diluted share for the quarter ended September 30, 2021. Nine Months Ended September 30, 2022 Financial Results Net income for the nine months ended September 30, 2022 was $44.5 million, or $8.67 per diluted share, compared to $55.2 million, or $10.77 per diluted share for the nine months ended September 30, 2021. FFO (non-GAAP) for the nine months ended September 30, 2022 was $66.5 million, or $12.96 per diluted share, compared to $68.1 million, or $13.29 per diluted share for the nine months ended September 30, 2021.

If history is any indication, one of the best ways to make long-term money in the stock market is by having the courage to buy stocks when they are largely out of favor. This is especially true of dividend stocks because when the prices decline, investors can lock in higher dividend yields for life. Certainly, investors should do their homework to ascertain the safety and reliability of a company’s dividends before buying on the basis of yield alone. Here are three real estate investment trusts (REITs) whose recent price declines have substantially increased their dividend yields. Alexander’s Inc. (NYSE: ALX ) is a Paramus, N.J.-based retail REIT that leases, manages and develops commercial properties in the New York City metropolitan area. The company is managed by Vornado Realty Trust . Over the past month, Alexander’s has dropped from $260 to a current price of $233, pushing up the annual dividend yield to a quite lofty 7.7%. This price decline began two weeks after the REIT reported second-quarter earnings, a report in which funds from operations (FFO) surprised to the upside.

PARAMUS, N.J., Aug. 01, 2022 (GLOBE NEWSWIRE) -- ALEXANDER''S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2022 today and reported: Second Quarter 2022 Financial Results Net income for the quarter ended June 30, 2022 was $14.8 million, or $2.89 per diluted share, compared to $25.9 million, or $5.05 per diluted share for the quarter ended June 30, 2021. Net income for the quarter ended June 30, 2021 included $9.1 million, or $1.78 per diluted share, of income as a result of a net gain on the sale of real estate. Funds from operations ("FFO") (non-GAAP) for the quarter ended June 30, 2022 was $22.1 million, or $4.32 per diluted share, compared to $21.1 million, or $4.12 per diluted share for the quarter ended June 30, 2021. First Half 2022 Financial Results Net income for the six months ended June 30, 2022 was $29.3 million, or $5.73 per diluted share, compared to $43.8 million, or $8.55 per diluted share for the six months ended June 30, 2021. Net income for the six months ended June 30, 2021 included $9.1 million, or $1.78 per diluted share, of income as a result of a net gain on the sale of real estate.

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PARAMUS, N.J., July 27, 2022 (GLOBE NEWSWIRE) -- Alexander''s, Inc. (NYSE: ALX ) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on August 19, 2022 to stockholders of record on August 8, 2022. Alexander''s, Inc. is a real estate investment trust that has six properties in the New York City metropolitan … Full story available on Benzinga.com