ALXAlexander's, Inc.
Alexander's, Inc. (ALX) is a real estate investment trust (REIT) that owns and operates commercial properties, primarily in the industrial and office sectors. The company’s next catalyst is Oct 21, 2026 — Q3 2026 Earnings Release, which will test its ability to meet FFO and revenue expectations amid rising interest rates and a slowing leasing market.
- Revenue for the most recent period ended June 30, 2026, was $232.82M, with a net margin of 73.9% (TTM).
- The company reported a net income of $172.11M and diluted EPS of $30.24 for the same period.
- Shareholders’ equity stood at $109.16M, with a revenue growth of 1.0% YoY.
The Read
Alexander's stock sharply dropped over 16% after missing Q4 2025 FFO and revenue estimates, briefly recovered following a $202 million property sale that bolstered its balance sheet, but then fell about 5.
The schedule
- Wed21Oct
The earnings release tests whether the company can deliver consistent revenue and margin performance, with a focus on guidance and FFO updates. This differs from the last print where the outcome was mixed due to margin pressure.
- Mon8Feb
This release will test the company's ability to maintain revenue growth and margin expansion, especially with the backdrop of a rising interest rate environment. The last similar print saw a bearish outcome due to cash flow concerns.
- Mon3May
The earnings release will test the company's ability to sustain growth and maintain margin expansion, with a focus on the impact of macroeconomic conditions. This differs from the last print where the outcome was mixed due to margin pressure.
- Mon2Aug
This release will test the company's ability to maintain revenue growth and margin expansion, especially with the backdrop of a rising interest rate environment. The last similar print saw a bearish outcome due to cash flow concerns.
Past
- Wed16Sep
Actual outcome: Mixed · $244.90 at outcome
The stock fell 0.5% following the FOMC decision, reflecting investor concerns over the Federal Reserve's outlook for interest rates and its impact on Alexander's debt refinancing prospects. The market reacted to the potential for higher borrowing costs and the uncertainty around the Fed's stance, which weighed on the stock despite the absence of specific earnings results. The price movement aligned with the bear floor, indicating heightened risk aversion and a shift in sentiment toward the downside.
The Federal Reserve's September policy update, highly scrutinized by the market given Alexander's $945 million debt load.
- Mon3Aug
Actual outcome: Bull · $276.89 at outcome
Alexander's (ALX) beat Q2 FFO estimates and reported strong leasing gains at its PENN District properties, signaling solid performance. The stock rallied on upgraded ratings to Strong Buy and positive momentum indicators, reinforcing investor confidence in its long-term growth prospects.
- Mon4May
Actual outcome: Bear · $236.70 at outcome
Alexander's reported a significant miss on Q1 funds from operations (FFO), posting $2.60 per share against estimates of $3.08 and down sharply from $4.06 a year ago. The lagging FFO and revenues confirmed the bear case regarding the company's struggle to stabilize fundamentals, driving the stock below the $240 bear floor.
- Wed18Mar
Actual outcome: Mixed · $239.39 at outcome
Despite a mild initial decline amid broader REIT sector pressure and rising interest rates tied to geopolitical tensions, Alexander's shares subsequently rallied to reach the bull target. The stock's upward momentum was supported by the company's strategic agreement to sell its Rego Park I property for $202 million in net proceeds, which strengthened its balance sheet and helped offset macroeconomic headwinds.
- Mon9Feb
Actual outcome: Bear · $227.56 at outcome
Alexander's reported disappointing Q4 2025 results, missing consensus FFO ($2.43 actual vs $3.02 estimate) and revenue estimates. This significant earnings miss, which failed to stabilize performance as required by the stock's premium valuation, triggered a sharp sell-off. The stock immediately dropped over 16% following the announcement, trading well below the $230 bear floor and confirming the bear scenario.
