The recent Target lease and index inclusion come on the heels of a strong run, with Alexander’s posting a 30.79% 1-year total shareholder return and a 25.91% year to date share price return, suggesting momentum has been building despite a 2.13% share price decline over the last day.<\/p>\n
If this kind of REIT repositioning has your attention, it may be a good moment to broaden your watchlist and check out 20 top founder-led companies<\/a><\/p>\n So with Alexander’s stock up 25.91% year to date and trading above the average analyst price target of US$190, should you see today\u2019s level as an overreaction or a fresh entry point before markets price in additional growth?<\/p>\n Price-to-Earnings of 68.4x: Is It Justified? <\/p>\n Alexander’s last closed at $275.56, and on a P\/E of 68.4x it looks richly priced compared both to Retail REIT peers and to its own earnings profile.<\/p>\n The P\/E ratio compares the share price to earnings per share, so a higher multiple often reflects the market paying up for each dollar of current earnings. For a REIT like Alexander’s, which reported revenue of $211.68m and net income of $20.57m, a high P\/E can signal that investors are placing a premium on its concentrated New York portfolio and income stream.<\/p>\n Here, the data suggest the premium is sizable. Alexander’s is described as expensive on a P\/E of 68.4x versus a peer average of 17.8x and the broader US Retail REITs industry average of 27x. It is also trading above an estimated fair P\/E of 38.5x. The market could move towards that level if expectations around future earnings cool or sentiment shifts.<\/p>\n Explore the SWS fair ratio for Alexander’s<\/a><\/p>\n Result: Price-to-Earnings of 68.4x (OVERVALUED)<\/p>\n However, the Alexander’s story can quickly look different if expectations embedded in that 68.4x P\/E ease or if its concentrated New York portfolio faces unexpected pressure.<\/p>\n Find out about the key risks to this Alexander’s narrative.<\/a><\/p>\n Another View on Alexander’s: What the Cash Flows Say <\/p>\n The high P\/E paints Alexander’s as expensive, but the SWS DCF model adds another angle. In this view, the stock at $275.56 sits above an estimated future cash flow value of $178.45, which also points to an overvalued profile and raises a key question: how quickly could sentiment shift if those cash flow expectations change?<\/p>\n Look into how the SWS DCF model arrives at its fair value.<\/a><\/p>\n Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Alexander’s for example<\/a>). We show the entire calculation in full. You can track the result in your watchlist<\/a> or portfolio<\/a> and be alerted when this changes, or use our stock screener to discover 43 high quality undervalued stocks<\/a>. If you save a screener<\/a> we even alert you when new companies match – so you never miss a potential opportunity.<\/p>\n Next Steps <\/p>\n If the mix of enthusiasm and caution around Alexander’s has you thinking, take a moment to review the underlying data and decide where you stand, starting with 1 key reward and 3 important warning signs<\/a><\/p>\n Looking for more investment ideas beyond Alexander’s? <\/p>\n If Alexander’s has sharpened your focus on valuation and income, do not stop here. Use these curated stock ideas to pressure test and strengthen your portfolio decisions.<\/p>\n This article by Simply Wall St is general in nature. We provide commentary based on historical data New: Manage All Your Stock Portfolios in One Place<\/p>\n We’ve created the ultimate portfolio companion for stock investors, and it’s free.<\/p>\n \u2022 Connect an unlimited number of Portfolios and see your total in one currency Try a Demo Portfolio for Free<\/a><\/p>\n Have feedback on this article? Concerned about the content? Get in touch<\/a> with us directly. Alternatively, email editorial-team@simplywallst.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Why Alexander’s Stock Is Back on Investors’ Radar Alexander’s (ALX) is drawing fresh attention after two closely linked…\n","protected":false},"author":2,"featured_media":284414,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[9,24,63,122,124,123],"class_list":["post-284413","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/284413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=284413"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/284413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/284414"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=284413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=284413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=284413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"ALX](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/07\/dcf.png\")
<\/a>ALX Discounted Cash Flow as at Jul 2026<\/p>\n
\n 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
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\n Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
\n Simply Wall St has no position in any stocks mentioned.<\/p>\n
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