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Alexanders (ALX) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 4, 2025

Alexanders (ALX) reported revenue of $51.6M for the second quarter 2025 (Q2 2025), -3% from a year earlier and -6% from the quarter before. Operating margin was 11.9%, net earnings $6.1M (11.9% of revenue).

Revenue$51.6M
Year over year-3%
Quarter over quarter-6%
Operating margin11.9%
Net earnings$6.1M

Alexanders, Q2 2025: revenue $51.6M (-3% year over year), operating margin 11.9%, net earnings $6.1M, operating cash flow $43.6M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$51.6M-6%-3%
Operating profit$6.1M-50%-27%
Net earnings$6.1M-50%-27%
Operating cash flow$43.6M+177%+279%

What changed

Revenue was $51.6M in Q2 2025, down 3% year over year and down 6% from the previous quarter.

Operating profit was $6.1M, a 11.9% margin (down 3.8 points year over year). Total costs grew 1% against a revenue fall of 3%. Net earnings were $6.1M, down 27% year over year. The effective tax rate was 0.0%.

Operating cash flow was $43.6M (up 279% year over year), 712% of net earnings. Non-cash charges added back $9.5M of depreciation and amortization. Working capital and other items added $27.9M.

Questions

What was Alexanders' revenue in the second quarter 2025?

Alexanders (ALX) reported revenue of $51.6M for the second quarter 2025 (Q2 2025), -3% from a year earlier and -6% from the quarter before.

Was Alexanders profitable in the second quarter 2025?

Operating profit was $6.1M (11.9% of revenue) and net earnings $6.1M.

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Source: Alexanders 10-Q on SEC EDGAR.