Company profile

Calendar

18 Feb 20
4 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 55.88M 57.76M 55.93M 56.78M
Net income 14.43M 16.49M 11.28M 17.87M
Diluted EPS 2.82 3.22 2.2 3.49
Net profit margin 25.83% 28.55% 20.17% 31.46%
Operating income
Net change in cash -6.17M 20.28M
Cash on hand 298.06M 304.23M 283.95M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 226.35M 232.83M 230.57M 226.94M
Net income 60.08M 32.84M 80.51M 86.48M
Diluted EPS 11.74 6.42 15.74 16.91
Net profit margin 26.54% 14.11% 34.92% 38.11%
Operating income 100.62M 105.27M 105.46M
Net change in cash 15.01M -24.48M 18.61M 29.58M
Cash on hand 298.06M 283.06M 307.54M 288.93M

Financial data from Alexanders earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
9 Sep 19 Russell B Wight JR Common Stock Sell Dispose S 381.152 1,000 381.15K 3,200
17 Jun 19 Russell B Wight JR Common Stock Sell Dispose S 386.2463 1,490 575.51K 4,200
21 May 19 Russell B Wight JR Common Stock Sell Dispose S 386.978 510 197.36K 5,690
16 May 19 David Mandelbaum Deferred Stock Units Common Stock Grant Aquire A 0 193 0 1,665
16 May 19 Richard R West Deferred Stock Units Common Stock Grant Aquire A 0 193 0 1,665
16 May 19 Arthur Sonnenblick Deferred Stock Units Common Stock Grant Aquire A 0 193 0 1,665
16 May 19 Roth Steven Deferred Stock Units Common Stock Grant Aquire A 0 193 0 1,665
36.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 117 106 +10.4%
Opened positions 22 20 +10.0%
Closed positions 11 6 +83.3%
Increased positions 43 33 +30.3%
Reduced positions 35 36 -2.8%
13F shares
Current Prev Q Change
Total value 725.71M 606.45M +19.7%
Total shares 1.84M 1.74M +5.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Vanguard 335.61K $110.87M +3.7%
BEN Franklin Resources 269.49K $89.02M -11.6%
BLK BlackRock 197.3K $65.18M +0.6%
Bamco 152.3K $50.31M -4.6%
Renaissance Technologies 134.85K $44.55M -3.7%
EMS Capital 95.91K $31.68M 0.0%
Long Pond Capital 82.53K $27.26M +502.9%
STT State Street 70.01K $23.13M -7.5%
NTRS Northern Trust 40.12K $13.25M -1.2%
Dimensional Fund Advisors 39.62K $13.09M -1.9%
Largest transactions
Shares Bought/sold Change
Long Pond Capital 82.53K +68.84K +502.9%
BEN Franklin Resources 269.49K -35.51K -11.6%
Norges Bank 32.81K +32.81K NEW
Madison International Realty 6.7K -15.37K -69.6%
Vanguard 335.61K +12.01K +3.7%
Panagora Asset Management 11.98K +11.98K NEW
Charles Schwab Investment Management 22.79K +10.06K +79.0%
Healthcare Of Ontario Pension Plan Trust Fund 9.1K +9.1K NEW
Caisse De Depot Et Placement Du Quebec 0 -8K EXIT
Bamco 152.3K -7.35K -4.6%

Financial report summary

?
Risks
  • OUR INVESTMENTS ARE CONCENTRATED IN THE GREATER NEW YORK CITY METROPOLITAN AREA. CIRCUMSTANCES AFFECTING THIS AREA GENERALLY COULD ADVERSELY AFFECT OUR BUSINESS.
  • All of our properties are in the greater New York City metropolitan area and are affected by the economic cycles and risks inherent in that area.
  • We are subject to risks that affect the general and New York City retail environments.
  • Terrorist attacks may adversely affect the value of our properties and our ability to generate cash flow.
  • Natural disasters and the effects of climate change could have a concentrated impact on the area which we operate and could adversely impact our results.
  • Our performance and the value of an investment in us are subject to risks associated with our real estate assets and with the real estate industry.
  • Capital markets and economic conditions can materially affect our liquidity, financial condition and results of operations as well as the value of an investment in our debt and equity securities.
  • U.S. federal tax reform legislation now and in the future could affect REITs generally, the geographic markets in which we operate, the trading of our shares and our results of operations, both positively and negatively, in ways that are difficult to anticipate.
  • Real estate is a competitive business and that competition may adversely impact us.
  • We may be adversely affected by trends in office real estate.
  • We depend on leasing space to tenants on economically favorable terms and collecting rent from tenants who may not be able to pay.
  • Bankruptcy or insolvency of tenants may decrease our revenues, net income and available cash.
  • We depend upon anchor tenants to attract shoppers at our Rego Park I and II retail properties and decisions made by these tenants, or adverse developments in the businesses of these tenants, could materially affect our financial condition and results of operations.
  • We may be unable to renew leases or relet space as leases expire.
  • 731 Lexington Avenue accounts for a substantial portion of our revenues. Loss of or damage to the building would adversely affect our financial condition and results of operations.
  • Bloomberg represents a significant portion of our revenues. Loss of Bloomberg as a tenant or deterioration in Bloomberg’s credit quality could adversely affect our financial condition and results of operations.
  • The occurrence of cyber incidents, or a deficiency in our cyber security, as well as other disruptions of our IT networks and related systems, could negatively impact our business by causing a disruption to our operations, a compromise or corruption of our confidential information, and/or damage to our business relationships or reputation, all of which could negatively impact our financial results.
  • Some of our potential losses may not be covered by insurance.
  • We may incur significant costs to comply with environmental laws and environmental contamination may impair our ability to lease and/or sell real estate.
  • We face risks associated with our tenants being designated “Prohibited Persons” by the Office of Foreign Assets Control and similar requirements.
  • We may acquire, develop, or redevelop properties and this may create risks.
  • We are exposed to risks associated with property redevelopment and repositioning that could adversely affect us, including our financial condition and results of operations.
  • It may be difficult to sell real estate quickly, which may limit our flexibility.
  • We have an investment in marketable equity securities. The value of this investment may decline as a result of operating performance or economic or market conditions.
  • OUR ORGANIZATIONAL AND FINANCIAL STRUCTURE GIVES RISE TO OPERATIONAL AND FINANCIAL RISKS.
  • Substantially all of our assets are owned by subsidiaries. We depend on dividends and distributions from these subsidiaries. The creditors of these subsidiaries are entitled to amounts payable to them by the subsidiaries before the subsidiaries may pay any dividends or distributions to us.
  • Our existing financing documents contain covenants and restrictions that may restrict our operational and financial flexibility.
  • We have a substantial amount of indebtedness that could affect our future operations.
  • We have outstanding debt, and the amount of debt and its cost may increase and refinancing may not be available on acceptable terms.
  • We might fail to qualify or remain qualified as a REIT, and may be required to pay federal income taxes at corporate rates.
  • We may face possible adverse changes in federal tax laws, which may result in an increase in our tax liability.
  • We may face possible adverse state and local tax audits and changes in state and local tax law.
  • Loss of our key personnel could harm our operations and adversely affect the value of our common stock.
  • ALEXANDER’S CHARTER DOCUMENTS AND APPLICABLE LAW MAY HINDER ANY ATTEMPT TO ACQUIRE US.
  • We may change our policies without obtaining the approval of our stockholders.
  • OUR OWNERSHIP STRUCTURE AND RELATED-PARTY TRANSACTIONS MAY GIVE RISE TO CONFLICTS OF INTEREST.
  • Steven Roth, Vornado and Interstate may exercise substantial influence over us. They and some of our other directors and officers have interests or positions in other entities that may compete with us.
  • There may be conflicts of interest between Vornado, its affiliates and us.
  • THE NUMBER OF SHARES OF ALEXANDER’S COMMON STOCK AND THE MARKET FOR THOSE SHARES GIVE RISE TO VARIOUS RISKS.
  • The trading price of our common shares has been volatile and may continue to fluctuate.
  • Alexander’s has additional shares of its common stock available for future issuance, which could decrease the market price of the common stock currently outstanding.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: alter, broader, challenging, deemed, denied, effort, explore, factor, focusing, formatted, forward, IBR, incremental, Inline, Interbank, interpretation, interpretive, ix, iXBRL, labor, Language, lesser, lifetime, motion, occupied, ongoing, point, prepaid, promulgated, reacquisition, reargue, reclassification, repositioning, retroactively, sea, specific, tightening, tourism, treated, type, unanimously, undergoing, undergone, unilateral, untimely, upheld, variable, Waiver, weather, XBRL
Removed: accident, achieved, adversity, bearing, began, buy, catalog, Clarifying, collateralized, collectibility, contingency, delinquent, difficulty, disaster, ensure, exceeding, existence, implementation, intangible, Mauritz, million, partial, periodically, Program, promised, Reauthorization, recent, redundancy, removed, system, telecommunication, unfavorable, vary, war