Latest news with #ALX
Forbes
01-07-2025
- Business
- Forbes
5 Office REITs For The Great Return To Office
Houston, Texas, USA downtown city park and skyline. 'Programmer.' My wife nailed it as we stepped into the open house, staring into the front room labeled 'home office.' Shoes off, respecting the homeowners still living there. 'They're hoping for a rentback,' explained the realtor. 'The couple has to move out of town for work.' Ah, another casualty of the return-to-office mandate! Back to the Bay Area for these two. They're far from alone. Major cities—Boston, New York, San Francisco—are shaking off five years of downtown rust, preparing for commuters back four or more days each week. Even here in Sacramento, I had to battle morning traffic this week for the first time in more than five years. My drive from dropping off kids just outside the city (at science camp) back into the city (to my office) had me feeling like it was 2019. Which is why we're talking about undervalued 'return to office' REIT dividends up to 14.4% today. Office REITs were left for dead in the shredder. COVID sent whole offices into their homes, and it looked like these landlords were done—until bosses started telling workers to get back to the office! This isn't a free pass to every office space owner. Consider that just last month, Sunbelt office-space owner Piedmont Realty Trust (PDM, NO yield) completely halted its dividend payments for the first time in company history, and CEO Brent Smith said he didn't expect for dividends to return until at least late 2026. (But even then, there's a silver lining for office retailers: While PDM's cash flows were weak, it was preserving cash for tenant buildouts amid a frenzy of leasing activity.) Let's look at five other office REITs with better prospects—and more yields (up to nearly 14%). 5 Office REITs For Dividend Investors Alexander's (ALX, 8.2% yield) has one of the most spartan property rosters you'll ever see: just five properties in the New York City metropolitan area. It's actually managed by the much larger Vornado Realty Trust (VNO), which is important to know because it squeezes annual management fees out of several of those properties and is also entitled to development fees when applicable. ALX, to be honest, has a lot of things going against it. Five properties isn't exactly diversified to start with, but also understand that it has high single-tenant risk: Bloomberg accounted for nearly 60% of Alexander's rental revenue during Q1 2025, up from about 50% in the year-ago quarter. 'No other tenant accounted for more than 10% of our rental revenues,' reads Alexander's first-quarter Form 10-Q. 'If we were to lose Bloomberg as a tenant, or if Bloomberg were to be unable to fulfill its obligations under its lease, it would adversely affect our results of operations and financial condition.' Almost bafflingly, ALX has been one of the most resilient office REITs in the post-pandemic era, boasting about 30% in total returns over the past five years (versus losses for most of its peers) and keeping its dividend intact throughout COVID. Unfortunately, that dividend, while generous, also hasn't grown in a long time. The main reason is coverage issues. In 2023, it paid $18 per share in dividends against $15.80 in funds from operations (FFO) per share. In 2024, it paid the same $18 against an even lower $15.19 in FFO. And ALX paid $4.50 per share in dividends during 2025's first quarter against just $4.06 in FFO. More worrying still: At the start of 2025, the company owed $502 million in debt repayments versus about $340 million in cash holdings. Easterly Government Properties (DEA, 8.1% yield) is a highly specialized office REIT boasting 100 properties, 92 of which are leased out to U.S. government tenant agencies such as Veterans Affairs, the FBI, and the Drug Enforcement Administration, with the remaining handful leased primarily to state or local government tenants or private tenants. Its buildings go beyond traditional cubicle farms, spanning outpatient facilities, warehouses, courthouses, labs, even built-to-purpose properties. Still, if a government REIT sounds exactly like the kind of company that 'DOGE' would drag down, you'd be right. Back in March, I highlighted some REIT studs and duds, and DEA was solidly in the latter camp: Readers who failed to heed that warning are now sitting on a single-digit divvie. Just a couple weeks later, Easterly slashed its dividend by roughly a third, from 26.5 cents per share to 18 cents per share. It also announced a 1-for-2.5 reverse stock split to get its shares back above $10 per share; as of the stock split, that dividend becomes 45 cents per share. Investors at least have a harder decision now than they did before. A massive dividend cut, especially one so recent, is a major strike against Easterly. But the dividend now sits at a much more affordable 60% of core FFO estimates. Unfortunately, despite losing half its value over the past five years, including a double-digit drop in 2025, we're still paying a fair-at-best 13 times 2025 FFO estimates—all while DOGE and government cutbacks continue to cast a shadow over DEA's tenants. We'll find a smaller but safer-looking payout from Highwoods Properties (HIW, 6.4% yield), which owns 26.7 million square feet of office space with more than 95% exposure to Sunbelt markets such as Dallas, Orlando, Atlanta, Nashville and Charlotte. Put differently: HIW is rooted in cities with higher-than-the-national-average population growth, rent growth and office employment growth. It also boasts extremely low leverage compared to the space, and shares are decently valued at 9 times FFO estimates. Like ALX, Highwoods never cut its payout during COVID, but you could argue it should have raised it since then—dividend coverage is extremely generous, with an FFO payout ratio of just 60% based on 2025 estimates. Some readers might not be ready to fully dive into office REITs but still want a taste. That's where hybrid REITs come in. Take American Assets Trust (AAT, 6.7% yield), for instance. It's a modestly sized REIT at just 31 buildings across the Pacific Coast, Hawaii and Texas, but those buildings include 4.1 million square feet of office space, 2.5 million square feet of retail space, 2,302 multifamily units, and 369 hotel suites. Still, office space is the largest chunk of cash net operating income (NOI), at just over half. AAT's dividend was a COVID victim, cut from 30 cents per share to 20 cents in 2020. Dividend growth resumed just two quarters later, though, and the stock was back to 30 cents by the back half of 2021. Better still? The payout has grown in every year since—glacially, but it's the right direction. Those dividends represent just 70% of projected 2025 FFO, and the stock trades at roughly 10 times those estimates. Brandywine Realty Trust (BDN, 14.4% yield) is another hybrid REIT with 64 properties and a similarly thick office concentration, but it's trying to change that—projected NOI based on its current pipeline is expected to be 42% office, 32% life science and 26% residential. It's also extremely focused on two areas: greater Philadelphia (77% of NOI) and Austin, Texas (15%). I mentioned a few months ago that BDN's dividend arrow is pointed in the wrong direction. Part of the problem is that development projects are dragging Brandywine down. Some of its construction has been funded by expensive capital, and its arrangements with partners require Brandywine to recognize full interest and other costs until the projects become profitable. I had hoped Brandywine's latest report would inspire confidence; it did anything but. First-quarter FFO fell below expectations, 'normalized' FFO was off by more than 40% year-over-year, and cash available for distribution (CAD) fell below the company's 15-cent dividend for a third straight quarter. Brett Owens is Chief Investment Strategist for Contrarian Outlook. For more great income ideas, get your free copy his latest special report: How to Live off Huge Monthly Dividends (up to 8.7%) — Practically Forever. Disclosure: none
Time of India
16-06-2025
- Entertainment
- Time of India
How to destroy Anomalies in The Alters?
(Image via 11 Bit Studios) Anomalies in The Alters are more than just creepy floating wisps; they're dangerous, damage-dealing hazards scattered across the planet. But here's the twist: with the right tools and a bit of courage, you can actually destroy them for rare and valuable rewards. In this quick guide, we'll break down how to deal with anomalies, use the Luminator, and get your hands on ALX and Planetary Samples. What Are Anomalies in The Alters? You'll start spotting anomalies early in the game—floating, eerie gas-like entities suspended in mid-air. They might look harmless, but approach them and you'll quickly see Jan's health drop. Some are stationary, while others chase you and explode, causing irradiation or even time dilation. There's also a special type called Interals—glowing green anomalies that hint at even better rewards down the line. Step 1: Craft the Luminator Before you can destroy anomalies, you'll need the Luminator. Here's how: Speak with Jan Scientist after discovering your first anomaly. Find an Interal and talk to the Scientist again. Now you can craft the Luminator using: 20x Metals 20x Rapidium Think of it as a high-tech flashlight designed specifically to eliminate anomalies. The Alters How To Defeat & Destroy Anomalies & Craft & Use The Luminator In The Alters Step 2: Destroy Anomalies to Collect ALX Once you have the Luminator: Equip it from your item wheel. Aim at the anomaly's bright core. Shine the light continuously until the core bursts. Boom. The anomaly is gone, and you'll receive a special resource called ALX. ALX can be refined into other materials after unlocking the right techs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Super useful. Warning: The Luminator drains your Suit Energy, so carry extra Suit Batteries or use nearby outposts to recharge. The Alters: Get 2nd Planetary Samples Step 3: Destroy Interals to Get Planetary Samples Spotted a glowing green wisp? That's an Interal—a rare anomaly that leads to something better. Use your Luminator to destroy the Interal. Follow the luminescent grass and flowers that appear. They'll lead you to an Interal Vein Core. Blast it with the Luminator to receive a Planetary Sample. Use Planetary Samples to unlock advanced techs at the Research Lab, like: Upgraded suits Better tools Stronger outposts During High Planetary Activity, you might find a second Interal Vein in the same area, so, grab an extra Planetary Sample if you're quick! Anomalies in The Alters are more than just spooky set pieces. If you're willing to risk some damage and plan your moves, destroying anomalies becomes one of the most rewarding aspects of the game. Just don't forget to bring batteries, and your nerves of steel.
Yahoo
12-06-2025
- Business
- Yahoo
Is Alexander's (ALX) Stock Outpacing Its Finance Peers This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Alexander's (ALX) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Alexander's is a member of the Finance sector. This group includes 857 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Alexander's is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past 90 days, the Zacks Consensus Estimate for ALX's full-year earnings has moved 10.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. Based on the latest available data, ALX has gained about 15.7% so far this year. Meanwhile, the Finance sector has returned an average of 5.5% on a year-to-date basis. As we can see, Alexander's is performing better than its sector in the calendar year. Balfour Beatty PLC Sponsored ADR (BLFBY) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 28%. For Balfour Beatty PLC Sponsored ADR, the consensus EPS estimate for the current year has increased 2.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Alexander's belongs to the REIT and Equity Trust - Other industry, a group that includes 96 individual companies and currently sits at #131 in the Zacks Industry Rank. On average, this group has gained an average of 3.7% so far this year, meaning that ALX is performing better in terms of year-to-date returns. Balfour Beatty PLC Sponsored ADR, however, belongs to the Real Estate - Operations industry. Currently, this 34-stock industry is ranked #176. The industry has moved +1.1% so far this year. Alexander's and Balfour Beatty PLC Sponsored ADR could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alexander's, Inc. (ALX) : Free Stock Analysis Report Balfour Beatty PLC Sponsored ADR (BLFBY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Automotive
- Yahoo
Musk signals potential softening of feud with simple one emoji response to clip of Trump wishing him well
President Trump's relationship with Tesla and SpaceX CEO Elon Musk, which appeared to publicly blow up last week as the two feuded in public, took a softer tone on Monday when Musk responded to a clip of the president on X. "We had a great relationship and I wish him well — very well, actually," Trump said on Monday in a clip that was posted by conservative influencer ALX. Musk responded to that post with a heart emoji on Monday evening. Earlier in the day, Fox News Digital reported that the public spat between the two billionaires appeared to be losing steam after Musk seemingly issued support from Trump's handling of the anti-ICE riots in Los Angeles. Timeline: Inside The Evolving Relationship Between Trump And Musk From First Term To This Week's Fallout "Governor Gavin Newscum and 'Mayor' Bass should apologize to the people of Los Angeles for the absolutely horrible job that they've done, and this now includes the ongoing L.A. riots," Trump said late Sunday in the post Musk shared. "These are not protesters, they are troublemakers and insurrectionists." Read On The Fox News App Additionally, Musk also re-posted one of Vice President JD Vance's posts on X about the riots. "This moment calls for decisive leadership," Vance said, sharing a screenshot of a post from Trump about how his administration would address the riots. "The president will not tolerate rioting and violence." Musk also appeared to post a self-deprecating joke about himself on X on Sunday which many interpreted to be a veiled reference to the fallout with Trump. "It's outrageous how much character assassination has been directed at me, especially by me!" Musk posted. While speaking with reporters in the Oval Office on Thursday, Trump said that he was "very disappointed" by Musk's vocal criticisms of the bill. The president claimed that Musk knew what was in the bill and "had no problem" with it until the EV incentives had to be cut. On X, Musk called that assessment "false." Trump turned to social media to criticize Musk, who he appointed to find ways to cut $2 trillion after forming the Department of Government Efficiency (DOGE). Trump Warns Of 'Serious Consequences' If Elon Musk Funds Democrats "Elon was 'wearing thin,' I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!" Trump said in one post. In another post, Trump said, "I don't mind Elon turning against me, but he should have done so months ago. This is one of the Greatest Bills ever presented to Congress. It's a Record Cut in Expenses, $1.6 Trillion Dollars, and the Biggest Tax Cut ever given." "If this Bill doesn't pass, there will be a 68% tax increase, and things far worse than that. I didn't create this mess, I'm just here to FIX IT. This puts our Country on a Path of Greatness. MAKE AMERICA GREAT AGAIN!" At one point, Musk referenced late pedophile Jeffrey Epstein in relation to Trump as part of the larger tirade in a comment that several Republicans told Fox News Digital went "too far." Musk deleted that post days later. Other posts from Musk included a claim that Trump would not have won the election without his help while accusing Trump of "ingratitude." In another post, Musk suggested that Trump should be impeached and replaced by Vice President Vance. Trump told Fox News on Friday that he isn't interested in talking to Musk, adding that "Elon's totally lost it." Trump also said to Fox News' Bret Baier that he isn't worried about Musk's suggestion to form a new political party, citing favorable polls and strong support from Republicans on Capitol Hill. Fox News Digital's Diana Stancy contributed to this reportOriginal article source: Musk signals potential softening of feud with simple one emoji response to clip of Trump wishing him well
Business Journals
06-06-2025
- Business
- Business Journals
Fully furnished office suites in Alexandria go beyond traditional offices
As businesses continue to move away from traditional five- to 10-year leases and adapt to hybrid work models, the hunt begins to find modern workspace solutions that provide plug-and-play setup and the office space you need when you need it. In fact, according to a survey by Colliers at the CoreNet Global Summit, companies anticipate needing 20 to 40 percent less office space due to these evolving work arrangements. This evolving landscape is driving businesses to seek turnkey, move-in-ready office suites, avoiding construction hassles, lengthy negotiations, and costly delays. Now, ALX Community Office Suites meet the demands of modern businesses across the Tri-state area, delivering fully equipped private offices as a seamless, zero-buildout solution. Simply bring your team and start working immediately, enjoying the flexibility and convenience essential for today's dynamic enterprises. The workplace revolution reaches the tri-state area In Alexandria ALX Community Office Suites has created a solution specifically designed for your business that allows you and your team to avoid long leases and extensive build-out requirements while aligning with your modern operations and growth goals. Located across the Potomac River from Washington, D.C., Old Town Alexandria offers a growing appeal for businesses looking for a beautiful space they can grow that's close to the city. The gorgeous waterfront property provides: Walking distance to dozens of restaurants, cafes, and shops Easy access to major transportation routes Proximity to government agencies and major corporate headquarters A sleek, inviting space that enhances client confidence from the moment they arrive These turnkey suites provide collaborative areas, fully equipped conference rooms, and networking opportunities where teams can focus and thrive. With a professional setting and a prime location just minutes from D.C., these polished suites are where modern work meets practical business needs. expand Smart, scalable office space designed for how companies work today For businesses ready to skip the frustrations of traditional commercial real estate, ALX Community's private Office Suites remove the usual obstacles and inefficiencies: Enjoy flexible terms that align with your business timeline, without the burden of long leases Move in immediately with turnkey spaces — no build-out delays Access fully furnished, customizable offices without tenant improvement costs Skip the lengthy negotiations and legal fees with streamlined agreements Step into a high-end office space with expansive windows and breathtaking views of the Potomac River Empower hybrid teams with proprietary, state-of-the-art technology solutions Each private suite accommodates teams of five to 30+ professionals and comes complete with high-speed internet, complimentary coffee throughout the day, and access to both private meeting rooms and collaborative spaces. The ALX advantage introduces a better way to work, meet and thrive ALX Community members gain access to a comprehensive business hub that includes ways to: Connect with Alexandria's vibrant business community through regular networking events Grow skills and knowledge with an engaging speaking series and professional development programs Give back through organized volunteer opportunities with local nonprofits Stay focused on what matters most with access to administrative and operational support services For wealth managers, law firms, government contractors, and professional service providers seeking scalability and professionalism, ALX Community's Office Suites represent a strategic advantage in talent attraction, client service, and operational efficiency. Washington, D.C., National Landing, and surrounding areas remain accessible through major highways, while Alexandria's full calendar of festivals, outdoor concerts, and cultural events helps businesses build connections beyond video calls — turning mundane networking into exciting relationship-building events. For business owners, active support from local chambers and other businesses offer a launching pad for meaningful relationships and real community ties, not just a place to plug in. expand LAURA HATCHER PHOTOGRAPHY Old Town Alexandria offers next-gen office space The world of work has changed, and the most successful businesses are adapting with it. Whether your team works primarily in-office, follows a hybrid model, or simply needs a more impressive and functional headquarters, ALX Community's Office Suites offer a solution without compromise. Experience a workspace that eliminates traditional real estate barriers while providing everything your business needs to thrive in today's competitive marketplace. Want a glimpse into the future of a workplace that's adaptable, secure, and deeply connected to the community? Book a tour and check out the space virtually. ALX Community emphasizes connection and purpose as a strategic approach to workplace culture that goes beyond branding. Guided by Five Pillars of Community, ALX integrates collaboration, professional development, and social impact into its everyday operations. Member programming ranges from a TALX speaker series and curated networking events to volunteer opportunities that contribute to Alexandria's local nonprofits. This model continues to attract organizations that value flexibility and meaningful engagement alongside a polished, professional setting.
