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Alexander's ALX Business Segments — Operating, including fees to Vornado

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Other financials

Income statement

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Revenue$53.4M-2.7%
Net income$4.7M-62.1%
EPS (diluted)$0.91-62.1%

Balance sheet

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Cash & equivalents$152.1M-59.7%
Total debt$21.3M+2.1%
Total equity$90.7M-44.4%
Total assets$1.1B-17.8%

Cash flow

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Operating cash flow$6.8M-56.6%

Valuation

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Market cap$1.39B+21.2%
P/E67.7×+37.0×
P/S6.6×+1.3×

Profitability

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Operating margin43.2%
Net margin9.7%-8.3pp

Returns & leverage

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Return on equity16.2%-4.0pp
Debt / equity0.2×+0.1×

Where this comes from

Reported directly by Alexander's in its filing.

Tagged under the XBRL concept us-gaap:OperatingCostsAndExpenses.

The source filing: Alexander's’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 8:28 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000003499-26-000020
Line itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
REVENUES
Rental revenues$53,412$54,915
EXPENSES
Operating, including fees to Vornado of $1,411 and $1,592, respectively(28,980)(25,564)
Depreciation and amortization(8,774)(8,599)
General and administrative, including management fees to Vornado of $610 in each period(1,713)(1,591)
Total expenses(39,467)(35,754)
Interest and other income1,4463,945

Item 1. Financial Statements

FAQ

What is Alexander's's business segments — operating, including fees to vornado?
Alexander's (ALX) reported business segments — operating, including fees to vornado of $28.98M in Q1 2026.
How has Alexander's's business segments — operating, including fees to vornado changed year-over-year?
Alexander's's business segments — operating, including fees to vornado increased by 13.4% year-over-year, from $25.56M to $28.98M.
What is the long-term trend for Alexander's's business segments — operating, including fees to vornado?
Over 3 years (2022 to 2025), Alexander's's business segments — operating, including fees to vornado has grown at a 5.6% compound annual growth rate (CAGR), from $90.45M to $106.38M.
What does business segments — operating, including fees to vornado mean?
This metric aggregates the direct costs associated with property management, maintenance, and service fees paid to external partners or management entities. It is a key indicator of the operational efficiency and cost-control effectiveness of the segment's property management strategy.

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