Key Highlights

  • Annualizing the USD 4.50 quarterly amount gives USD 18.00, and that figure against a share price of about USD 247.69 yields a calculated 7.3%, per published market data.
  • Third quarter FFO was USD 7.07 per diluted share, up from USD 2.91 a year earlier, so the USD 4.50 quarterly payout equals a calculated 63.6% of it.
  • The USD 148.0 million net gain on selling Rego Park I works out to USD 28.81 per diluted share and pushed nine month Net Income to USD 187.4 million.
  • Third quarter Revenue from the four New York City properties hit USD 72.1 million, versus USD 53.4 million a year before.

Yield Math, Record Dates and Payout Timing at Alexander's, Inc. (NYSE:ALX)

The most recent regular quarterly payout from Alexander's, Inc. (NYSE:ALX) is USD 4.50 per share. Shareholders on record August 10, 2026, which was also the ex-dividend day, received it on August 28, 2026. Annualized, that is USD 18.00 per share. The 12-month span runs from USD 201.28 to USD 289.43 according to published market data, and against a share price of about USD 247.69 the calculated Yield works out to 7.3%. Third quarter FFO of USD 7.07 per share means the USD 4.50 payout absorbs a calculated 63.6% of it, while nine month FFO of USD 12.70 per share averages only USD 4.23 a quarter on a calculated basis.

Net Income, FFO and Depreciation Differences at Alexander's, Inc. (NYSE:ALX)

Alexander's, Inc. (NYSE:ALX) booked third quarter net income of USD 27.4 million, equal to USD 5.33 per diluted share, compared with USD 6.0 million, or USD 1.16, a year earlier. FFO, the usual REIT yardstick that adds back real estate depreciation and leaves out property sale gains, reached USD 36.3 million, or USD 7.07 per share, against USD 14.9 million, or USD 2.91. For nine months, FFO reached USD 65.3 million, which works out to USD 12.70 per share, against USD 50.5 million, or USD 9.84 per share, a year earlier. Real property depreciation and amortization was USD 8.9 million, and weighted average diluted shares totaled 5,139,491.

Market Value, Gain Distortion and Leverage Concerns at Alexander's, Inc. (NYSE:ALX)

At recent published prices, Alexander's, Inc. (NYSE:ALX) has a market Capitalization of roughly USD 1.3 billion. Nine-month Earnings of USD 36.48 per diluted share are lifted by the USD 28.81 per share Rego Park I gain, which makes trailing earnings multiples a poor guide to valuation, so FFO is the better lens. Published market data shows a Debt to Equity ratio of 9.17, a sign of heavy leverage. For context beyond the numbers, four Assets in New York expose the company to tenant concentration, refinancing needs and development risk, and the Rego Park gain is a one-off.

Where Things Stand

On an FFO basis the 7.3% yield appears covered without the Rego Park I gain, though not by a wide Margin in every quarter. Third quarter FFO of USD 7.07 per share is about 1.6 times the USD 4.50 payment at Alexander's, Inc. (NYSE:ALX), up from USD 2.91 a year earlier. Spread across nine months, FFO of USD 12.70 per share works out to USD 4.23 a quarter on a calculated basis, so the outcome for individual quarters still matters. Net income benefits from the USD 148.0 million Rego Park I gain, yet FFO leaves that amount out. Anyone assessing the stock should set the debt profile and property concentration beside the payout's consistency.