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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.33
ALX's Cash to Debt is ranked higher than
85% of the 582 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.06 vs. ALX: 0.33 )
ALX' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.58
Current: 0.33

0.01
0.58
Equity to Asset 0.23
ALX's Equity to Asset is ranked lower than
52% of the 590 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.49 vs. ALX: 0.23 )
ALX' s 10-Year Equity to Asset Range
Min: -0.2   Max: 0.23
Current: 0.23

-0.2
0.23
Interest Coverage 1.22
ALX's Interest Coverage is ranked higher than
54% of the 509 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.37 vs. ALX: 1.22 )
ALX' s 10-Year Interest Coverage Range
Min: 0.24   Max: 2.07
Current: 1.22

0.24
2.07
F-Score: 4
Z-Score: 1.36
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 35.52
ALX's Operating margin (%) is ranked higher than
68% of the 611 Companies
in the Global REIT - Retail industry.

( Industry Median: 40.09 vs. ALX: 35.52 )
ALX' s 10-Year Operating margin (%) Range
Min: -368   Max: 67.94
Current: 35.52

-368
67.94
Net-margin (%) 37.09
ALX's Net-margin (%) is ranked higher than
74% of the 612 Companies
in the Global REIT - Retail industry.

( Industry Median: 33.75 vs. ALX: 37.09 )
ALX' s 10-Year Net-margin (%) Range
Min: -37.72   Max: 462.43
Current: 37.09

-37.72
462.43
ROE (%) 17.06
ALX's ROE (%) is ranked higher than
96% of the 598 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.45 vs. ALX: 17.06 )
ALX' s 10-Year ROE (%) Range
Min: -264.61   Max: 441.07
Current: 17.06

-264.61
441.07
ROA (%) 3.90
ALX's ROA (%) is ranked higher than
78% of the 602 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.17 vs. ALX: 3.90 )
ALX' s 10-Year ROA (%) Range
Min: -5.18   Max: 45.51
Current: 3.9

-5.18
45.51
ROC (Joel Greenblatt) (%) 7.42
ALX's ROC (Joel Greenblatt) (%) is ranked higher than
76% of the 500 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.42 vs. ALX: 7.42 )
ALX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -8.15   Max: 21.97
Current: 7.42

-8.15
21.97
Revenue Growth (%) 5.80
ALX's Revenue Growth (%) is ranked higher than
87% of the 501 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.80 vs. ALX: 5.80 )
ALX' s 10-Year Revenue Growth (%) Range
Min: -8.7   Max: 145.2
Current: 5.8

-8.7
145.2
EBITDA Growth (%) 1.90
ALX's EBITDA Growth (%) is ranked higher than
72% of the 449 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.30 vs. ALX: 1.90 )
ALX' s 10-Year EBITDA Growth (%) Range
Min: -59.7   Max: 58.4
Current: 1.9

-59.7
58.4
EPS Growth (%) 4.30
ALX's EPS Growth (%) is ranked higher than
75% of the 357 Companies
in the Global REIT - Retail industry.

( Industry Median: -0.50 vs. ALX: 4.30 )
ALX' s 10-Year EPS Growth (%) Range
Min: -27.7   Max: 57.9
Current: 4.3

-27.7
57.9
» ALX's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

ALX Guru Trades in Q1 2013

Jim Simons 12,700 sh (+7.63%)
Murray Stahl 8,639 sh (+5.61%)
Ron Baron 280,653 sh (-0.33%)
» More
Q2 2013

ALX Guru Trades in Q2 2013

Third Avenue Management 5,000 sh (New)
Ron Baron 276,588 sh (-1.45%)
Murray Stahl 8,139 sh (-5.79%)
Jim Simons 11,900 sh (-6.3%)
» More
Q3 2013

ALX Guru Trades in Q3 2013

Murray Stahl 8,140 sh (+0.01%)
Third Avenue Management 5,000 sh (unchged)
Ron Baron 275,058 sh (-0.55%)
Jim Simons 9,900 sh (-16.81%)
» More
Q4 2013

ALX Guru Trades in Q4 2013

Third Avenue Management 5,000 sh (unchged)
Ron Baron 265,056 sh (-3.64%)
Jim Simons 8,300 sh (-16.16%)
Murray Stahl 2,308 sh (-71.65%)
» More
» Details

Insider Trades

Latest Guru Trades with ALX



No Insider Trades Found!
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Guru Investment Theses on Alexander's Inc.

Baron Funds Comments on Alexander's Inc. - Dec 06, 2012

Alexander's, Inc. (ALX) is a real estate investment trust that owns the Bloomberg office building in New York as well as several valuable shopping centers in and around the New York metropolitan area. It also holds more than $100 per share in cash. Alexander's share price was unchanged in the quarter. Steve Roth is the Chairman of this company, has been a friend of mine for more than 25 years and is generally acknowledged to be one of the great real estate investors in this country. As importantly, years ago Steve made sure he handled succession issues for this company and Vornado Realty Trust by hiring Mike Fascitelli. Mike is a younger version of Steve and spoke at our annual meeting several years ago. Alexander's share price was recently trading above $420 per share. The company then announced it would sell one of its shopping centers and pay its shareholders a one time $122 per share long-term capital gain dividend in December. Jeff Kolitch manages our firm's top performing fund this year, Baron Real Estate Fund, which has increased about 35% this year. Following Alexander's property sale and dividend announcement, Jeff asked me if I remembered when we purchased Alexander's and what we paid for it? I told him I thought we owned it for at least 10 to 15 years and was certain our initial cost was well below $100 per share. Jeff responded, "You began to buy Alexander's in 1992 and your initial cost was $18 per share!" Alexander's owns and operates buildings in New York City, one of the most difficult markets in our country to build and acquire real estate, which provides that company significant advantage over potential competitors.

From Baron Funds’ third quarter commentary.


Check out Ron Baron latest stock trades

Top Ranked Articles about Alexander's Inc.

Virtual Rainbow of REITs - 52-Week Lows
This week real estate investment trusts or REITs have jumped to the top of the 52-week lows as the sector with the most companies. Like a virtual REIT rainbow, many kinds of REITs are up for study, including the residential, retail, hotel and diversified REITs being featured. According to the GuruFocus Value Screen for finding 52-week lows, the REIT sector has 78 companies out of 175 on a 52-week low. The low ratio is 0.45. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 31.70
ALX's P/E(ttm) is ranked higher than
50% of the 535 Companies
in the Global REIT - Retail industry.

( Industry Median: 19.50 vs. ALX: 31.70 )
ALX' s 10-Year P/E(ttm) Range
Min: 2.08   Max: 85.81
Current: 31.7

2.08
85.81
P/B 5.40
ALX's P/B is ranked lower than
82% of the 555 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.22 vs. ALX: 5.40 )
ALX' s 10-Year P/B Range
Min: 3.12   Max: 82.59
Current: 5.4

3.12
82.59
P/S 11.80
ALX's P/S is ranked lower than
85% of the 613 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.77 vs. ALX: 11.80 )
ALX' s 10-Year P/S Range
Min: 3.84   Max: 17.98
Current: 11.8

3.84
17.98
PFCF 27.20
ALX's PFCF is ranked lower than
60% of the 363 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.00 vs. ALX: 27.20 )
ALX' s 10-Year PFCF Range
Min: 15.32   Max: 2361.25
Current: 27.2

15.32
2361.25
EV-to-EBIT 52.60
ALX's EV-to-EBIT is ranked lower than
70% of the 599 Companies
in the Global REIT - Retail industry.

( Industry Median: 27.39 vs. ALX: 52.60 )
ALX' s 10-Year EV-to-EBIT Range
Min: 14.3   Max: 86.8
Current: 52.6

14.3
86.8
Shiller P/E 9.60
ALX's Shiller P/E is ranked higher than
89% of the 298 Companies
in the Global REIT - Retail industry.

( Industry Median: 29.70 vs. ALX: 9.60 )
ALX' s 10-Year Shiller P/E Range
Min: 6.43   Max: 987.82
Current: 9.6

6.43
987.82

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.30
ALX's Dividend Yield is ranked lower than
77% of the 611 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.81 vs. ALX: 3.30 )
ALX' s 10-Year Dividend Yield Range
Min: 0.75   Max: 4.86
Current: 3.3

0.75
4.86
Dividend Payout 1.03
ALX's Dividend Payout is ranked higher than
60% of the 502 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.96 vs. ALX: 1.03 )
ALX' s 10-Year Dividend Payout Range
Min: 0.11   Max: 0.99
Current: 1.03

0.11
0.99
Dividend growth (3y) 13.60
ALX's Dividend growth (3y) is ranked higher than
84% of the 359 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.30 vs. ALX: 13.60 )
ALX' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 13.6
Current: 13.6

0
13.6
Yield on cost (5-Year) 3.30
ALX's Yield on cost (5-Year) is ranked lower than
74% of the 613 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.30 vs. ALX: 3.30 )
ALX' s 10-Year Yield on cost (5-Year) Range
Min: 0.75   Max: 4.86
Current: 3.3

0.75
4.86

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 5.40
ALX's Price/Tangible Book is ranked lower than
80% of the 548 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.30 vs. ALX: 5.40 )
ALX' s 10-Year Price/Tangible Book Range
Min: 4.7   Max: 74.54
Current: 5.4

4.7
74.54
Price/DCF (Projected) 3.90
ALX's Price/DCF (Projected) is ranked lower than
64% of the 313 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.60 vs. ALX: 3.90 )
ALX' s 10-Year Price/DCF (Projected) Range
Min: 2.52   Max: 28.45
Current: 3.9

2.52
28.45
Price/Median PS Value 1.20
ALX's Price/Median PS Value is ranked lower than
54% of the 562 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.10 vs. ALX: 1.20 )
ALX' s 10-Year Price/Median PS Value Range
Min: 0.42   Max: 15.08
Current: 1.2

0.42
15.08
Price/Graham Number 2.80
ALX's Price/Graham Number is ranked lower than
66% of the 515 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.00 vs. ALX: 2.80 )
ALX' s 10-Year Price/Graham Number Range
Min: 1.61   Max: 10.04
Current: 2.8

1.61
10.04
Earnings Yield (Greenblatt) 1.90
ALX's Earnings Yield (Greenblatt) is ranked lower than
51% of the 593 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.70 vs. ALX: 1.90 )
ALX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.2   Max: 7
Current: 1.9

1.2
7
Forward Rate of Return (Yacktman) -6.28
ALX's Forward Rate of Return (Yacktman) is ranked higher than
60% of the 450 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.39 vs. ALX: -6.28 )
ALX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -8.2   Max: 3.5
Current: -6.28

-8.2
3.5

Business Description

Industry: REITs » REIT - Retail
Compare:GGP, AKR, CLP, RIOCF, BTLCY » details
Alexander's Inc. is a real estate investment trust, incorporated in Delaware. The Company is involved in leasing, managing, developing and redeveloping its properties. The Company is managed by, and its properties are leased and developed by, Vornado Realty Trust. The Company has six properties in the greater New York City metropolitan area consisting of: the 731 Lexington Avenue property, a 1,307,000 square foot multi-use building, in Manhattan. The building contains 885,000 and 174,000 of net rentable square feet of office and retail space, respectively, which the Company owns, and 248,000 square feet of residential space consisting of 105 condominium units, which it has sold; the Rego Park I shopping center contains 343,000 square feet and is located in Queens; the Rego Park II property, a newly developed 610,000 square foot shopping center, is located adjacent to its Rego Park I property in Queens; the Paramus property, located at the intersection of Routes 4 and 17 in Paramus, New Jersey, consists of 30.3 acres of land leased to IKEA Property, Inc. and the Flushing property, a 167,000 square foot building, is located at Roosevelt Avenue and Main Street in Queens and is sub-leased to a developer for the remainder of its ground lease term. The Company competes with a number of property owners and developers. Principal factors of competition are the amount of rent charged, attractiveness of location and quality and breadth of services provided. Its operations and properties are subject to various federal, state and local laws and regulations concerning the protection of the environment including air and water quality, hazardous or toxic substances and health and safety.

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