Alexander's stock reports a USD 148.00 million property gain

Published on 09/28/2026 at 23:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alexander's stock delivered Q2 revenue of USD 54.71 million on August 3, 2026. Net income reached USD 155.36 million, driven by a USD 148.00 million property gain.

ALX, US0153511094, Illustration mit AI erstellt.

Alexander's (ISIN US0153511094) stock closed at USD 247.68 on the NYSE on September 25, 2026, up 0.90 percent for the session. The latest earnings picture is dominated by a USD 148.00 million gain from the sale of Rego Park I, giving investors a sharper view of the New York REIT's asset value and recurring rental business.

Property sale reshapes Q2 earnings

On August 3, Alexander's reported second-quarter revenue of USD 54.71 million and earnings per share of USD 3.02, compared with consensus estimates of USD 54.10 million and USD 3.00, respectively, according to MarketBeat.

Net income reached USD 155.36 million in Q2 2026, while the Rego Park I transaction contributed a USD 148.00 million gain, according to Yahoo Finance on September 15, 2026. The gain therefore represented 95.26 percent of quarterly net income, a concentration that separates the reported profit from the rental earnings generated by the remaining portfolio.

Valuation carries a clear counterweight

Alexander's owns and manages office, retail and residential properties in the greater New York City area, including 731 Lexington Avenue and properties in Rego Park, Queens. The portfolio generated a 7.27 percent dividend yield and carried a market capitalization of USD 1.3 billion as of September 25, 2026.

The stock remained 14.42 percent below its 52-week high of USD 289.43, while its 52-week low was USD 201.28. MarketBeat's September 27, 2026 snapshot lists a consensus price target of USD 212.00 and a Moderate Buy rating, with the target 14.41 percent below the September 25 closing price, according to MarketBeat. That gap makes the recurring cash distribution and the value of the remaining properties central to the investment case.

Stock closes below its yearly high

At the September 25, 2026 close, Alexander's stock was USD 247.68 on the NYSE, with 58,485 shares traded. The reference price was 14.42 percent below the 52-week high, while the Q2 revenue comparison with the USD 54.10 million consensus estimate showed a USD 0.61 million beat.