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315.26 (1y: -19%)
Market Cap 1.63 B P/E(ttm) 2.40
Enterprise Value 2.69 B P/B 4.85
ALX- NYSE (USA)
Alexander's Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$315.26
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GuruFocus Financial Strength Rank measures how strong a companyÂ’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 : 5/10

vs
industry		 vs
history
Cash to Debt 0.332
ALX's Cash to Debt is ranked higher than
79% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.06 vs. ALX: 0.332 )
ALX' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.58
Current: 0.33
0.01
0.58
Equity to Asset 0.224
ALX's Equity to Asset is ranked lower than
82% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.45 vs. ALX: 0.224 )
ALX' s 10-Year Equity to Asset Range
Min: 0.02   Max: 0.22
Current: 0.22
0.02
0.22
Interest Coverage 1.1
ALX's Interest Coverage is ranked higher than
100% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.05 vs. ALX: 1.1 )
ALX' s 10-Year Interest Coverage Range
Min: 0   Max: 3
Current: 1.1
0
3
F-Score: 4
Z-Score: 1.27
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyÂ’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 : 6/10

vs
industry		 vs
history
Operating margin (%) 34.40
ALX's Operating margin (%) is ranked higher than
59% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 29.40 vs. ALX: 34.40 )
ALX' s 10-Year Operating margin (%) Range
Min: -36.1   Max: 67.9
Current: 34.4
-36.1
67.9
Net-margin (%) 462.4
ALX's Net-margin (%) is ranked higher than
76% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.30 vs. ALX: 462.4 )
ALX' s 10-Year Net-margin (%) Range
Min: -41.8   Max: 462.4
Current: 462.4
-41.8
462.4
ROE (%) 203
ALX's ROE (%) is ranked higher than
95% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.40 vs. ALX: 203 )
ALX' s 10-Year ROE (%) Range
Min: -275.9   Max: 203
Current: 203
-275.9
203
ROA (%) 45.5
ALX's ROA (%) is ranked higher than
79% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.00 vs. ALX: 45.5 )
ALX' s 10-Year ROA (%) Range
Min: -5.2   Max: 45.5
Current: 45.5
-5.2
45.5
ROC (Joel Greenblatt) (%) 12.60
ALX's ROC (Joel Greenblatt) (%) is ranked higher than
82% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.00 vs. ALX: 12.60 )
ALX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -5   Max: 67.1
Current: 12.6
-5
67.1
Revenue Growth (%) -3.5
ALX's Revenue Growth (%) is ranked higher than
93% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -4.95 vs. ALX: -3.5 )
ALX' s 10-Year Revenue Growth (%) Range
Min: -3.5   Max: 25.3
Current: -3.5
-3.5
25.3
EBITDA Growth (%) -9.1
ALX's EBITDA Growth (%) is ranked higher than
85% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -4.20 vs. ALX: -9.1 )
ALX' s 10-Year EBITDA Growth (%) Range
Min: -9.1   Max: 51.4
Current: -9.1
-9.1
51.4
EPS Growth (%) 50.3
ALX's EPS Growth (%) is ranked higher than
80% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -3.90 vs. ALX: 50.3 )
ALX' s 10-Year EPS Growth (%) Range
Min: -12.7   Max: 50.3
Current: 50.3
-12.7
50.3
» ALX's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

ALX Guru Trades in Q2 2012

Jim Simons 8,900 sh (+41.27%)
Murray Stahl 9,505 sh (-0.35%)
Ron Baron 285,542 sh (-1.04%)
» More
Q3 2012

ALX Guru Trades in Q3 2012

Jim Simons 9,800 sh (+10.11%)
Ron Baron 282,179 sh (-1.18%)
Murray Stahl 9,045 sh (-4.84%)
» More
Q4 2012

ALX Guru Trades in Q4 2012

Jim Simons 11,800 sh (+20.41%)
Ron Baron 281,569 sh (-0.22%)
Murray Stahl 8,180 sh (-9.56%)
» More
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
» Details

Insider Trades

Latest Guru Trades with ALX



No Insider Trades Found!

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.

Baron Funds Comments on Alexander's Inc.
December 6, 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 Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 2.40
ALX's P/E(ttm) is ranked higher than
63% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 26.15 vs. ALX: 2.40 )
ALX' s 10-Year P/E(ttm) Range
Min: 2.2   Max: 419.19
Current: 2.4
2.2
419.19
P/B 4.85
ALX's P/B is ranked lower than
94% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.30 vs. ALX: 4.85 )
ALX' s 10-Year P/B Range
Min: 3.11   Max: 77.89
Current: 4.85
3.11
77.89
P/S 9.86
ALX's P/S is ranked lower than
69% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.20 vs. ALX: 9.86 )
ALX' s 10-Year P/S Range
Min: 3.84   Max: 13.29
Current: 9.86
3.84
13.29
PFCF 17.19
ALX's PFCF is ranked higher than
64% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 25.77 vs. ALX: 17.19 )
ALX' s 10-Year PFCF Range
Min: 15.7   Max: 2361.25
Current: 17.19
15.7
2361.25
EV-to-EBIT 46.59
ALX's EV-to-EBIT is ranked lower than
59% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 28.60 vs. ALX: 46.59 )
ALX' s 10-Year EV-to-EBIT Range
Min: 16   Max: 390.1
Current: 46.59
16
390.1
Shiller P/E 8.22
ALX's Shiller P/E is ranked higher than
63% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 10.60 vs. ALX: 8.22 )
ALX' s 10-Year Shiller P/E Range
Min: 7.51   Max: 1256.76
Current: 8.22
7.51
1256.76

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 4.12
ALX's Dividend Yield is ranked higher than
54% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.40 vs. ALX: 4.12 )
ALX' s 10-Year Dividend Yield Range
Min: 0.75   Max: 4.86
Current: 4.12
0.75
4.86
Dividend Payout 0.1
ALX's Dividend Payout is ranked higher than
71% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.24 vs. ALX: 0.1 )
ALX' s 10-Year Dividend Payout Range
Min: 0.11   Max: 0.77
Current: 0.1
0.11
0.77
Yield on cost (5-Year) 4.20
ALX's Yield on cost (5-Year) is ranked higher than
61% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.00 vs. ALX: 4.20 )
ALX' s 10-Year Yield on cost (5-Year) Range
Min: 0.75   Max: 4.86
Current: 4.2
0.75
4.86

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 4.9
ALX's Price/Tangible Book is ranked higher than
98% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.30 vs. ALX: 4.9 )
ALX' s 10-Year Price/Tangible Book Range
Min: 4.7   Max: 77.6
Current: 4.9
4.7
77.6
Price/DCF (Projected) 4.1
ALX's Price/DCF (Projected) is ranked higher than
92% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.20 vs. ALX: 4.1 )
ALX' s 10-Year Price/DCF (Projected) Range
Min: 4.3   Max: 11.8
Current: 4.1
4.3
11.8
Price/Median PS Value 1
ALX's Price/Median PS Value is ranked higher than
65% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.10 vs. ALX: 1 )
ALX' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.2
Current: 1
0.4
1.2
Price/Graham Number 2.7
ALX's Price/Graham Number is ranked higher than
94% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.30 vs. ALX: 2.7 )
ALX' s 10-Year Price/Graham Number Range
Min: 1.6   Max: 7.4
Current: 2.7
1.6
7.4
Earnings Yield (Greenblatt) 2.10
ALX's Earnings Yield (Greenblatt) is ranked higher than
62% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.60 vs. ALX: 2.10 )
ALX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 6.2
Current: 2.1
0.3
6.2
Forward Rate of Return (Yacktman) -1.01
ALX's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -7.64 vs. ALX: -1.01 )
ALX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -1.8   Max: 40.3
Current: -1.01
-1.8
40.3

Business Description

Alexander's Inc. is a real estate investment trust, which was incorporated in Delaware. The Company is engaged 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 seven 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 sold; the Kings Plaza Regional Shopping Center contains 1,351,000 square feet and is located in Brooklyn; the Rego Park I shopping center contains 351,000 square feet and is located in Queens; the Rego Park II property, a newly developed 600,000 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.; the Flushing property, a 177,000 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; and the Rego Park III property is a 3.4 acre land parcel adjacent to its Rego Park II property in Queens at the intersection of Junction Boulevard and the Horace Harding Service Road. 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.
Company Website
SEC Reports
Industry: REIT - Retail
Compare:GGP, AKR, CLP, RIOCF, BTLCY
» More Articles for ALX

Headlines

Articles On GuruFocus.com
Baron Funds Comments on Alexander's Inc. Dec 06 2012 
Baron Funds: The Case for Real Estate Sep 06 2012 
Stocks With Dividend Growth From Last Week 3/2012 Jan 22 2012 
Stocks with Fastest Dividend Growth January 2012 Jan 20 2012 
6 Dividend Stocks Raising Dividends and Expectations Jan 17 2011 
Guru Stocks Raising Dividends: DDR, EPHC, CVS, IP, ALX Jan 15 2011 
Baron Funds Comments On Holdings (1): Wynn Resorts, Ltd., C.H. Robinson Worldwide, Inc, Alexander’ Aug 28 2009 
Bill Ackman and Sam Zell Comment on General Growth Properties Apr 03 2009 

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