ALEXANDERS INC Segments Disclosure
| Year Ended December 31, | |||||||||||||||||||||||
| (Amounts in thousands) | 2025 | 2024 | 2023 | ||||||||||||||||||||
| Rental revenues | $ | 213,183 | $ | 226,374 | $ | 224,962 | |||||||||||||||||
| Real estate tax expense | (61,665) | (59,256) | (57,722) | ||||||||||||||||||||
Other segment expenses (1) | (44,711) | (43,984) | (43,488) | ||||||||||||||||||||
| Total operating expenses | (106,376) | (103,240) | (101,210) | ||||||||||||||||||||
| NOI | $ | 106,807 | $ | 123,134 | $ | 123,752 | |||||||||||||||||
| (1) | Includes various expenses associated with operating our properties including but not limited to ground rent, insurance, repairs and maintenance and utilities. | ||||||||||||||||||||||
| Year Ended December 31, | |||||||||||||||||||||||
| (Amounts in thousands) | 2025 | 2024 | 2023 | ||||||||||||||||||||
| NOI | $ | 106,807 | $ | 123,134 | $ | 123,752 | |||||||||||||||||
| Net gain on sale of real estate | — | — | 53,952 | ||||||||||||||||||||
| Interest and debt expense | (51,624) | (62,818) | (58,297) | ||||||||||||||||||||
| Interest and other income | 14,657 | 24,429 | 22,245 | ||||||||||||||||||||
| General and administrative | (6,555) | (6,519) | (6,341) | ||||||||||||||||||||
| Depreciation and amortization | (35,061) | (34,782) | (32,898) | ||||||||||||||||||||
| Net income | $ | 28,224 | $ | 43,444 | $ | 102,413 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 9, 2026 | Showing above |
| 2024 | Feb 10, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.