A
ALEXANDERS INC
Period
FY 2025
Revenue
$213.18M
Net Income
$28.22M
Total Assets
$1.11B
Equity
$109.16M
Shares Out
5.11M
Op. Cash Flow
$73.44M
Business
Alexander's, Inc. is a real estate investment trust that owns and leases five properties in New York City comprising office, retail, and residential space. The portfolio includes 731 Lexington Avenue, a major multi-use building with Bloomberg as the primary office tenant, two shopping centers in Queens anchored by Costco and Kohl's, a Flushing building subleased to New World Mall, and an apartment tower with residential units. The company is externally managed by Vornado Realty Trust, which holds a substantial stake in Alexander's common stock.
Summary from 10-K filed 2026-02-09
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Rental revenues | 213 | 226 | 225 | 206 | 206 | |
| Operating, including fees to Vornado of $5,965, $6,581 and $6,480, respectively | −106 | −103 | −101 | −90 | −91 | |
| Depreciation and amortization | −35 | −35 | −33 | −30 | −33 | |
| General and administrative, including management fees to Vornado of $2,440 in each year | −7 | −7 | −6 | −6 | −6 | |
| Total expenses | −148 | −145 | −140 | −126 | −130 | |
| Interest and other income | 15 | 24 | 22 | 7 | 639,000 | |
| Interest and debt expense | −52 | −63 | −58 | −29 | −20 | |
| Net gain on sale of real estate | 0 | 0 | 54 | 0 | 70 | |
| Net income | 28 | 43 | 102 | 58 | 133 | |
| Net income per common share, basic (usd per share) | 5.5 | 8.46 | 19.97 | 11.24 | 25.94 | |
| Net income per common share, diluted (usd per share) | 5.5 | 8.46 | 19.97 | 11.24 | 25.94 | |
| Weighted average shares outstanding - basic (in shares) | 5 | 5 | 5 | 5 | 5 | |
| Weighted average shares outstanding - diluted (in shares) | 5 | 5 | 5 | 5 | 5 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Land | 32 | 32 | 32 | 33 | 33 | |
| Buildings and leasehold improvements | 1,069 | 1,046 | 1,034 | 1,030 | 1,015 | |
| Development and construction in progress | 2 | 7 | 281,000 | 22 | 22 | |
| Total | 1,104 | 1,085 | 1,067 | 1,085 | 1,069 | |
| Accumulated depreciation and amortization | −473 | −444 | −416 | −396 | −371 | |
| Real estate, net | 631 | 642 | 651 | 688 | 699 | |
| Cash and cash equivalents | 128 | 339 | 532 | 195 | 464 | |
| Restricted cash | 64 | 55 | 21 | 20 | 20 | |
| Tenant and other receivables | 4 | 5 | 6 | 5 | 6 | |
| Receivable arising from the straight-lining of rents | 109 | 112 | 125 | 127 | 135 | |
| Deferred leasing costs, net, including unamortized leasing fees to Vornado of $20,649 and $22,380, respectively | 153 | 164 | 25 | 28 | 31 | |
| Other assets | 22 | 25 | 44 | 67 | 36 | |
| Assets | 1,111 | 1,341 | 1,404 | 1,398 | 1,392 | |
| Mortgages payable, net of deferred debt issuance costs | 829 | 988 | 1,093 | 1,091 | 1,090 | |
| Accounts payable and accrued expenses | 37 | 39 | 52 | 49 | 45 | |
| Lease incentive liabilities | 114 | 115 | 0 | — | — | |
| Total liabilities | 1,002 | 1,164 | 1,166 | 1,161 | 1,139 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock: $1.00 par value per share; authorized, 3,000,000 shares; issued and outstanding, none | 0 | 0 | — | — | — | |
| Common stock: $1.00 par value per share; authorized, 10,000,000 shares; issued, 5,173,450 shares; outstanding, 5,107,290 shares | 5 | 5 | — | — | — | |
| Additional capital | 35 | 35 | 34 | 34 | 33 | |
| Retained earnings | 69 | 133 | 182 | 172 | 207 | |
| Accumulated other comprehensive (loss) income | −9,000 | 4 | 16 | 26 | 7 | |
| Equity before treasury stock | 110 | 177 | 238 | 237 | 253 | |
| Treasury stock: 66,160 shares, at cost | −368,000 | −368,000 | −368,000 | −368,000 | −368,000 | |
| Total equity | 109 | 177 | 238 | 236 | 253 | |
| Total liabilities and equity | 1,111 | 1,341 | 1,404 | 1,398 | 1,392 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization, including amortization of debt issuance costs | 38 | 38 | 34 | 31 | 35 | |
| Amortization of deferred lease incentives | 7 | 5 | 138,000 | — | — | |
| Straight-lining of rents | 3 | 13 | 3 | 8 | 10 | |
| Stock-based compensation expense | 394,000 | 450,000 | 450,000 | 450,000 | 450,000 | |
| Interest rate cap premium amortization | 600,000 | 6 | 8 | 0 | 0 | |
| Other non-cash adjustments | 2 | −4 | −2 | −3 | 0 | |
| Tenant and other receivables | 1 | 165,000 | −572,000 | 2 | 2 | |
| Other assets | −3 | −149 | 14 | 3 | 3 | |
| Amounts due to Vornado | −713,000 | 98,000 | −60,000 | 40,000 | −211,000 | |
| Accounts payable and accrued expenses | −1 | −14 | 3 | 3 | 13 | |
| Lease incentive liabilities | −2 | 115 | 0 | 0 | — | |
| Other liabilities | −20,000 | −19,000 | −19,000 | 338,000 | −664,000 | |
| Net cash provided by operating activities | 73 | 54 | 109 | 103 | 118 | |
| Construction in progress and real estate additions | −21 | −20 | −5 | −14 | −20 | |
| Proceeds from interest rate cap | 0 | 7 | 5 | 0 | 0 | |
| Proceeds from maturities of U.S. Treasury bills | 0 | 0 | 265 | 99 | 0 | |
| Proceeds from sale of real estate | 0 | 0 | 68 | 0 | 82 | |
| Purchase of interest rate cap | 0 | 0 | −11 | 0 | 0 | |
| Net cash (used in) provided by investing activities | −21 | −13 | 322 | −279 | 75 | |
| Dividends paid | −92 | −92 | −92 | −92 | −92 | |
| Debt issuance costs | −2 | −8 | −104,000 | −46,000 | −74,000 | |
| Debt repayments | −335 | −500 | 0 | 0 | −68 | |
| Proceeds from borrowings | 175 | 400 | 0 | 0 | 0 | |
| Net cash used in financing activities | −254 | −200 | −92 | −92 | −160 | |
| Net (decrease) increase in cash and cash equivalents and restricted cash | −202 | −159 | 338 | −269 | 34 | |
| Cash payments for interest | 48 | 60 | 54 | 26 | 19 | |
| Write-off of fully depreciated assets | 1 | 2 | 8 | 23,000 | 6 | |
| Liability for real estate additions, including $34 and $346 in 2025 and 2024, respectively, for development fees due to Vornado | 2 | 3 | 2 | 2 | 1 |
Filings
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Frequently asked questions
What is ALEXANDERS INC's CIK number?
ALEXANDERS INC's SEC CIK number is 0000003499 (3499). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ALEXANDERS INC's SEC filings?
All of ALEXANDERS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.