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Alexander's (ALX)
NYSE:ALX
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
4.98Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: 4.68%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong leasing activity, significant stock price increase, and successful redevelopment projects, particularly in the Penn District. However, the call also acknowledged a decline in comparable FFO, a slightly negative outlook for 2025, and the impact of high short-term interest rates on financial performance. Overall, the highlights suggest confidence in long-term growth, while the lowlights indicate short-term financial challenges.Company Guidance
During the Vornado Realty Trust Fourth Quarter 2024 Earnings Conference Call, management highlighted several key metrics reflecting the company's positive trajectory. The company achieved a 49% increase in stock price for 2024, following a 35% rise in 2023. Leasing activity was robust, with 3.34 million square feet leased, including 2.65 million square feet of New York office space at an average starting rent of $104 per square foot. The office occupancy rate increased to 88.8%, and is expected to rise to 92.1% with the upcoming NYU master lease at 770 Broadway. Vornado also achieved 100% LEED certification across its portfolio. The company anticipates significant earnings growth by 2027, driven by positive market dynamics and leasing activity, despite predicting slightly lower results for 2025 compared to 2024.Strong Leasing Activity in New York
Leased 3.34 million square feet overall, including 2.65 million square feet of New York office space with starting rents at $104, showing 2.5% cash and 10.9% GAAP mark-to-market.
Significant Stock Price Increase
Vornado's stock price increased by 49% in 2024, following a 35% increase in 2023.
First REIT to Achieve 100% LEED Certification
Vornado Realty Trust's entire portfolio is 100% LEED certified, marking a significant sustainability milestone.
Penn District Developments
Penn Two expected to be 80% leased by year-end with above-underwriting rents, indicating strong demand and successful redevelopment.
Successful Refinancing and Debt Management
Refinanced 1535 Broadway and repaid $450 million unsecured bonds, improving financial flexibility.
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ALX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $193.72 | $187.94 | -2.98% |
| Nov 04, 2024 | $216.98 | $212.57 | -2.03% |
| Aug 05, 2024 | $215.60 | $199.30 | -7.56% |
| May 06, 2024 | $196.99 | $212.48 | +7.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alexander's (ALX) report earnings?
Alexander's (ALX) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Alexander's (ALX) earnings time?
Alexander's (ALX) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALX EPS forecast?
Currently, no data Available
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