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Alexander's (ALX) reported second quarter 2026 results with sales of $54.71 million and net income of $155.36 million, alongside a regular $4.50 quarterly dividend declared in late July.
These figures give investors fresh data on both profitability and ongoing cash returns, which can be useful when reassessing how Alexander's stock fits within an income focused or total return portfolio.
See our latest analysis for Alexander's.
The earnings and dividend news has come alongside a 26.51% year to date share price return for Alexander's and a 34.35% 1 year total shareholder return. This suggests that recent momentum has been building rather than fading.
If this kind of move has you thinking about where else capital could work, it might be a good moment to broaden your search and check out 19 top founder-led companies
For Alexander's, the question now is whether that strong recent return reflects a shift in how the market views its New York focused portfolio, or if sentiment has simply run ahead of what the current numbers support.
Alexander's closed at $276.89, and on a P/E of 8.3x it is being valued at a lower earnings multiple than both the broader US market and the US Retail REITs industry.
The P/E multiple compares the current share price to earnings per share, so it gives a quick read on how much investors are paying for each dollar of Alexander's earnings.
On this measure, Alexander's is trading at a discount to the US market average P/E of 19.4x and also to its Retail REITs peers at 28.6x. It also sits below an estimated fair P/E of 10.1x. That level is a reference point the market could move toward if sentiment and earnings align with it.
This combination of a lower current P/E and a higher fair ratio estimate points to a valuation that is cheaper than both peers and that reference fair multiple, based on the information available.
Explore the SWS fair ratio for Alexander's
Result: Price-to-earnings of 8.3x (UNDERVALUED)
However, Alexander's story is not risk free, given that annual net income growth has declined 76.41% and the stock trades above a lower analyst price target.
Find out about the key risks to this Alexander's narrative.
While the P/E of 8.3x makes Alexander's look inexpensive, our DCF model points the other way. With the stock at $276.89 and the SWS DCF model indicating a future cash flow value of $192.39, DCF suggests Alexander's is overvalued on this measure. Which lens do you trust more for your own process?
For investors who like to see how a cash flow based view is built step by step, it can be useful to go straight to the underlying model output: Look into how the SWS DCF model arrives at its fair value.
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Alexander's for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 52 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.
The mix of strong recent returns and split valuation signals around Alexander's is likely to leave opinions divided, so it can help to review the detailed data yourself and weigh both sides quickly before sentiment shifts again. To see how the positives stack up against the concerns in one place, take a look at the 3 key rewards and 4 important warning signs
If you want to build on the work you have done with Alexander's, use this moment to line up a few other quality ideas before the next move.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ALX.
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