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Alexander's Inc. Reports Operating Results (10-Q)

Nov 03, 2011 | About:
10qk
10qk

Alexander's Inc. (ALX) filed Quarterly Report for the period ended 2011-09-30.

Alexanders Inc. has a market cap of $2.07 billion; its shares were traded at around $404.98 with a P/E ratio of 19.4 and P/S ratio of 8.6. The dividend yield of Alexanders Inc. stocks is 3%.


This is the annual revenues and earnings per share of ALX over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ALX.


Highlight of Business Operations:

Management s Discussion and Analysis of Financial Condition and Results of Operations include a discussion of our consolidated financial statements for the three and nine months ended September 30, 2011 and 2010. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

Bloomberg L.P. (“Bloomberg”) accounted for $63,289,000 and $62,476,000, or 33% and 35% of our consolidated revenues in the nine months ended September 30, 2011 and 2010, respectively. No other tenant accounted for more than 10% of our consolidated revenues. If we were to lose Bloomberg as a tenant, or if Bloomberg were to fail or become unable to perform its obligations under its lease, it would adversely affect our results of operations and financial condition. We receive and evaluate certain confidential financial information and metrics from Bloomberg on a semi-annual basis. In addition, we access and evaluate financial information regarding Bloomberg from private sources, as well as publicly available data.

Read the The complete Report

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