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Alexander's ALX Business Segments — Real Estate Tax Expense

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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$1.41B+28.3%
P/E68.7×+39.2×
P/S6.7×+1.6×

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:RealEstateTaxExpense.

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
(Amounts in thousands)For the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Rental revenues$53,412$54,915
Real estate tax expense(16,105)(14,926)
Other segment expenses (1)(12,875)(10,638)
Total operating expenses(28,980)(25,564)
NOI$24,432$29,351
Includes various expenses associated with operating our properties including but not limited to ground rent, insurance, repairs and maintenance and utilities.

Item 1. Financial Statements

FAQ

What is Alexander's's business segments — real estate tax expense?
Alexander's (ALX) reported business segments — real estate tax expense of $16.11M in Q1 2026.
How has Alexander's's business segments — real estate tax expense changed year-over-year?
Alexander's's business segments — real estate tax expense increased by 7.9% year-over-year, from $14.93M to $16.11M.
What is the long-term trend for Alexander's's business segments — real estate tax expense?
Over 3 years (2022 to 2025), Alexander's's business segments — real estate tax expense has grown at a 7.3% compound annual growth rate (CAGR), from $49.89M to $61.67M.
What does business segments — real estate tax expense mean?
This reflects the mandatory property tax obligations levied by local government authorities on the company's real estate assets. Monitoring this expense is critical for assessing the impact of local tax policy changes on the segment's overall operating margins.

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