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Alexander's

Alexander's Inc is a real estate investment trust engaged in leasing, managing, developing and redeveloping its properties. It has six properties in the greater New York City metropolitan area. All of the revenues come from properties located in New York City which include revenues from leasing of space to tenants at their properties and revenues from parking and tenant services.

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Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) reported its Q4 earnings results on Monday, February 10, 2025 at 08:32 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Alexander's beat estimated earnings by 9.0%, reporting an EPS of $4.06 versus an estimate of $3.71.
Revenue was down $7.03 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
During the previous quarter, the company beat on EPS by $0.27, leading to a 4.0% increase share price change the next day.

To track all earnings releases for Alexander's <a href="https://www.benzinga.com/quote/ALX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Insights into Alexander's Q4 Earnings

Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) reported quarterly earnings of $4.06 per share which beat the analyst consensus estimate of $3.71 by 9.43 percent. This is a 18.64 percent decrease over earnings of $4.99 per share from the same period last year. The company reported quarterly sales of $55.91 million which beat the analyst consensus estimate of $55.20 million by 1.29 percent. This is a 11.16 percent decrease over sales of $62.94 million the same period last year.

Earnings Beats

Alexander's Q4 FFO $4.06 Beats $3.71 Estimate, Sales $55.91M Beat $55.20M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Hain Celestial Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $431.01 million. 
• Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) is expected to report quarterly earnings at $0.79 per share on revenue of $261.34 million. 
• Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) is expected to report quarterly earnings at $0.53 per share on revenue of $387.09 million. 
• Edgewell Personal Care (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPC#NYSE">EPC</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $480.16 million. 
• McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is estimated to report quarterly earnings at $2.86 per share on revenue of $6.48 billion. 
• Incyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) is projected to report quarterly earnings at $1.55 per share on revenue of $1.15 billion. 
• CSP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSPI#NASDAQ">CSPI</a>) is estimated to report earnings for its first quarter. 
• Ispire Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPR#NASDAQ">ISPR</a>) is likely to report quarterly loss at $0.03 per share on revenue of $59.50 million. 
• Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $179.50 million. 
• Roivant Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIV#NASDAQ">ROIV</a>) is likely to report quarterly loss at $0.22 per share on revenue of $5.00 million. 
• Insperity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSP#NYSE">NSP</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $1.60 billion. 
• GCM Grosvenor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCMG#NASDAQ">GCMG</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $158.60 million. 
• Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) is likely to report quarterly earnings at $1.67 per share on revenue of $1.88 billion. 
• PowerFleet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIOT#NASDAQ">AIOT</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $99.43 million. 
• ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) is expected to report quarterly earnings at $0.98 per share on revenue of $1.76 billion. 
• Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is estimated to report quarterly earnings at $3.71 per share on revenue of $55.20 million. 
• Loews (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/L#NYSE">L</a>) is expected to report earnings for its fourth quarter. 
• CNA Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNA#NYSE">CNA</a>) is expected to report quarterly earnings at $1.21 per share on revenue of $3.62 billion. 
• ORIX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IX#NYSE">IX</a>) is estimated to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
• Arch Capital Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NASDAQ">ACGL</a>) is expected to report quarterly earnings at $1.80 per share on revenue of $3.95 billion. 
• RCI Hospitality Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RICK#NASDAQ">RICK</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $81.82 million. 
• Ark Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKR#NASDAQ">ARKR</a>) is expected to report earnings for its first quarter. 
• Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) is projected to report earnings for its first quarter. 
• Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $220.60 million. 
• Cresud SACIF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRESY#NASDAQ">CRESY</a>) is likely to report earnings for its second quarter. 
• Prospect Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSEC#NASDAQ">PSEC</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $189.67 million. 
• SelectQuote (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $447.00 million. 
• SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $121.00 million. 
• PetMed Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETS#NASDAQ">PETS</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $60.00 million. 
• Quipt Home Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QIPT#NASDAQ">QIPT</a>) is likely to report earnings for its first quarter. 
• RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $26.00 million. 
• Fluence Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) is projected to report quarterly loss at $0.21 per share on revenue of $375.22 million. 
• Columbus McKinnon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCO#NASDAQ">CMCO</a>) is expected to report quarterly earnings at $0.74 per share on revenue of $252.56 million. 
• Origin Agritech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEED#NASDAQ">SEED</a>) is estimated to report earnings for its Fiscal Year 2024. 
• Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $117.09 million. 
• Unitil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTL#NYSE">UTL</a>) is estimated to report quarterly earnings at $0.95 per share on revenue of $145.00 million. 
• Beyond Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $934 thousand. 
• SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $169.29 million. 
• Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is projected to report quarterly earnings at $1.14 per share on revenue of $143.43 million. 
• Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) is projected to report quarterly earnings at $1.29 per share on revenue of $498.53 million. 
• Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) is estimated to report quarterly earnings at $4.10 per share on revenue of $2.78 billion. 
• TIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIMB#NYSE">TIMB</a>) is estimated to report earnings for its fourth quarter. 
• Vornado Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) is estimated to report quarterly earnings at $0.51 per share on revenue of $447.75 million. 
• Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) is expected to report quarterly earnings at $1.25 per share on revenue of $244.95 million. 
• Arrowhead Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) is likely to report quarterly loss at $1.10 per share on revenue of $14.09 million. 
• Kilroy Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRC#NYSE">KRC</a>) is likely to report quarterly earnings at $1.03 per share on revenue of $280.21 million. 
• Apollo Comml Real Est (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARI#NYSE">ARI</a>) is likely to report quarterly earnings at $0.22 per share on revenue of $48.20 million. 
• Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) is expected to report quarterly earnings at $0.13 per share on revenue of $36.05 million. 
• Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) is likely to report quarterly earnings at $0.37 per share on revenue of $212.45 million. 
• Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $1.66 billion. 
• Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) is estimated to report quarterly earnings at $6.95 per share on revenue of $261.56 million. 
• Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $1.73 billion. 
• Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) is estimated to report quarterly earnings at $1.92 per share on revenue of $537.61 million. 
• CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $465.17 million. 
• NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) is estimated to report quarterly earnings at $0.13 per share on revenue of $1.72 billion. 
• Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is projected to report quarterly earnings at $3.12 per share on revenue of $535.01 million. 
• Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) is projected to report quarterly earnings at $0.26 per share on revenue of $127.91 million. 
• Inspire Medical Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INSP#NYSE">INSP</a>) is estimated to report quarterly earnings at $0.72 per share on revenue of $232.90 million. 
• Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $35.59 million. 
• PennantPark Floating Rate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFLT#NYSE">PFLT</a>) is projected to report quarterly earnings at $0.32 per share on revenue of $59.48 million. 
• Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) is expected to report quarterly earnings at $1.87 per share on revenue of $2.63 billion. 
• Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) is projected to report earnings for its fourth quarter. 
• Credicorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAP#NYSE">BAP</a>) is likely to report quarterly earnings at $4.66 per share on revenue of $1.48 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ACGL

ACLS

AIOT

ALAB

AMKR

ARKR

ARWR

CINF

CMCO

COTY

CRESY

CSPI

FLNC

GCMG

HAIN

HLIT

INCY

INSP

ISPR

LSCC

MEDP

MITK

MNDY

MPAA

PETS

PFLT

PNNT

PSEC

QIPT

RGCO

RICK

RLGT

ROIV

SEED

SLQT

SPSC

TIMB

TSEM

VRTX

XAIR

Earnings Scheduled For February 10, 2025

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Forestar Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>)</h3>
<ul>
<li>On Jan. 6, Citigroup analyst Anthony Pettinari maintained Forestar Group with a Buy and lowered the price target from $43 to $39. The company' stock fell around 10% over the past month and has a <a href="https://www.benzinga.com/quote/FOR">52-week low of $24.81</a>.</li>
<li>RSI Value: 20.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>FOR Price Action: Shares of Forestar Group fell 2.5% to close at $25.10 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1">latest FOR news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="901" height="852" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064401/image-69.png" alt="" class="wp-image-730282" style="width:649px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064401/image-69.png 901w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064401/image-69-300x284.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064401/image-69-768x726.png 768w" sizes="(max-width: 901px) 100vw, 901px" /></a></figure>
<h3 class="wp-block-heading">American Assets Trust, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>)</h3>
<ul>
<li>American Assets Trust will announce its fourth quarter and year-end 2024 earnings after the market closes on Tuesday, Feb. 4. The company's stock fell around 10% over the past five days and <a href="https://www.benzinga.com/quote/AAT">has a 52-week low</a> of $20.03.</li>
<li>RSI Value: 22.7</li>
<li>AAT Price Action: Shares of American Assets Trust fell 3.2% to close at $23.56 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1">trend in AAT stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="833" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064428/image-70.png" alt="" class="wp-image-730284" style="width:536px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064428/image-70.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064428/image-70-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064428/image-70-768x705.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Alexander&#8217;s Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>)</h3>
<ul>
<li>On Nov. 4, Alexander&#8217;s posted better-than-expected quarterly results. The company's stock fell around 12% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ALX">low of $185.00.</a></li>
<li>RSI Value: 25.9</li>
<li>ALX Price Action: Shares of Alexander&#8217;s fell 6.6% to close at $186.88 on Friday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1">breakout in ALX shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="880" height="836" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064521/image-71.png" alt="" class="wp-image-730285" style="width:552px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064521/image-71.png 880w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064521/image-71-300x285.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13064521/image-71-768x730.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
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Top 3 Real Estate Stocks That May Rocket Higher This Quarter

Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) reported quarterly earnings of $2.84 per share which beat the analyst consensus estimate of $2.57 by 10.51 percent. This is a 21.76 percent decrease over earnings of $3.63 per share from the same period last year. The company reported quarterly sales of $55.67 million which beat the analyst consensus estimate of $53.50 million by 4.07 percent. This is a 0.47 percent increase over sales of $55.41 million the same period last year.

Alexander's Q3 FFO $2.84 Beats $2.57 Estimate, Sales $55.67M Beat $53.50M Estimate

Piper Sandler analyst Alexander Goldfarb maintains Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) with a Underweight and lowers the price target from $135 to $125.

Price Target

Analyst Ratings

Piper Sandler Maintains Underweight on Alexander's, Lowers Price Target to $125

Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) reported quarterly earnings of $3.31 per share which beat the analyst consensus estimate of $2.67 by 23.97 percent. This is a 6.76 percent decrease over earnings of $3.55 per share from the same period last year. The company reported $53.39 million in sales this quarter. This is a 0.52 percent decrease over sales of $53.67 million the same period last year.

Alexander's Q2 FFO $3.31 Beats $2.67 Estimate, Sales $53.39M Down From $53.67M YoY

Piper Sandler analyst Alexander Goldfarb maintains Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) with a Underweight and lowers the price target from $145 to $135.

Piper Sandler Maintains Underweight on Alexander's, Lowers Price Target to $135

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Investing in real estate is not as easy as it once was, especially with rates at elevated levels. However, investors can explore alternative routes to enter the real estate market, including investing in real estate investment trusts (REITs) or participating in real estate crowdfunding.
So, how can you invest like Donald Trump in today's market? Well, his portfolio is highly concentrated in two states – New York and Florida. Let's focus on New York.
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<li>If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends <a href="https://www.benzinga.com/money/arrived-private-credit-fund">would you invest in it</a>?</li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." These<a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail"> high-yield real estate notes that pay 7.5% &#8211; 9%</a> make earning passive income easier than ever.</li>
</ul>
<h2 class="wp-block-heading">New York State of Mind</h2>
Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is a REIT that leases, manages, develops, and redevelops properties in New York. Its portfolio consists of five properties in greater New York City, including 731 Lexington Avenue, the Rego Center, and The Alexander apartment tower.
Alexander's currently pays a quarterly dividend of $4.50 per share, equating to an annualized dividend of $18.00 per share, which gives its stock a yield of about 8.6% at the time of this writing. 
Alexander&#8217;s has maintained its current $18 annual dividend rate since 2018, making it a very reliable source of income to go with the potential price appreciation in its world-class assets over the long term.
<h2 class="wp-block-heading">Another way to invest like Trump</h2>
You can also get started in real estate like Donald Trump by using a real estate crowdfunding platform, like <a href="https://www.benzinga.com/go/bezos-landlord">Bezos and Khosrowshahi-backed Arrived Homes</a> or <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">Marcus and Millichap-backed EquityMultiple</a>. Real estate crowdfunding platforms allow you to connect with other investors and pool your money to purchase property for passive real estate income. 
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</ul>
Image Credit: Shutterstock

REIT

Real Estate

Invest Like Donald Trump With New York REIT Yielding 8.6%

Piper Sandler analyst Alexander Goldfarb maintains Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) with a Underweight and lowers the price target from $160 to $145.

Piper Sandler Maintains Underweight on Alexander's, Lowers Price Target to $145

Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) reported quarterly earnings of $4.98 per share. This is a 37.19 percent increase over earnings of $3.63 per share from the same period last year. The company reported $61.40 million in sales this quarter. This is a 15.97 percent increase over sales of $52.94 million the same period last year.

Alexander's Q1 FFO $4.98 Up From $3.63 YoY, Sales $61.40M Up From $52.94M YoY

The March consumer price index was another splash of cold water on investors' hopes that the Federal Reserve would be able to cut interest rates three times in 2024. When inflation numbers came in higher than expected for both core and noncore readings, it signaled that the Fed may have difficulty fulfilling its goal to reduce inflation to 2% annually.
As a result, stocks sold off and interest-sensitive real estate investment trusts (REITs) were hit hard. The dividend yields on many REITs have risen over the past few days.
In a best-of-both-worlds scenario, REIT investors would hold stocks that provide both appreciation and high-yield income. However, it's often difficult to find high-yielding stocks that aren't price laggards.
Take a look at five REITs that have demonstrated appreciation year to date (YTD) and have annual dividend yields between 7% and 9%. In addition, these five have diversification among several different REIT subsectors. Long-term investors can take advantage of present market sentiment to build a basket of these REITs while interest rates are still high.
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</ul>
NewLake Capital Partners Inc. (OTCMARKETS: NLCP) is a New Canaan, Connecticut-based internally managed specialized industrial REIT with 31 properties totaling 1.7 million square feet across 12 states. NewLake Capital Partners specializes in triple-net leases to cannabis companies and provides capital to them when necessary. Its market cap is only $369.06 million.
NewLake was founded in 2019 and had its initial public offering (IPO) in August 2021. Its tenants include the largest companies in the cannabis industry, such as Curaleaf, Cresco Labs Inc. and Truelieve. As of March, it had a 100% occupancy rate with an average of 14.3 years remaining on its lease terms and 2.6% annual rent escalations on 15- to 20-year lease terms. &nbsp;&nbsp;
On March 14, Compass Point analyst Merrill Ross upgraded NewLake from Neutral to Buy and announced an $18.25 price target.&nbsp;
On March 11, NewLake announced its fourth-quarter operating results. Funds from operations (FFO) of $0.51 beat the estimates of $0.45 and its FFO of $0.48 in the fourth quarter of 2022. Revenue of $13.02 million beat the Wall Street estimate of $11.41 million and topped fourth-quarter 2022 revenue of $12.18 million.
On March 11, NewLake Capital Partners raised its quarterly dividend from $0.40 per share to $0.41 per share. The $1.64 annualized dividend per share yields 8.93%.
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On April 2, the Florida Supreme Court approved an initiative to legalize recreational marijuana in Florida through a referendum on the November ballot. This should benefit NewLake, as it has one property leased to Curaleaf Holdings in Florida and has several other tenants with Florida locations.&nbsp;&nbsp;&nbsp;
Year to date, NewLake Capital Partners has had a total return of 16.03%. Keep in mind that as an over-the-counter (OTC) stock with an average daily volume of about 32,000 shares, it can be quite volatile.
Omega Healthcare Investors Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OHI#NYSE">OHI</a>) is a Hunt Valley, Maryland-based triple-net equity healthcare REIT that provides financing, capital and leasing to 69 operators of 862 senior housing, skilled nursing and assisted living facilities across 42 U.S. states and the United Kingdom. Omega Healthcare Investors has no part in the daily management of these facilities, which the operators run.
On March 22, Citigroup analyst Nicholas Joseph upgraded Omega Healthcare from Neutral to Buy and raised the price target from $32 to $35. On April 2, Truist Securities analyst Michael Lewis maintained a Hold on Omega and raised the price target from $31 to $32.
Omega has a total return of 1.62% YTD. The annualized dividend of $2.68 per share yields 8.73%.
Alexander's Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is a Paramus, New Jersey-based, mixed retail REIT that's externally managed by Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>), which also owns 33.1% of Alexander's stock. Alexanders has five large properties in the New York City metropolitan area.
On Feb. 12, Alexander's reported its fourth-quarter operating results. FFO of $4.99 was ahead of FFO of $4.03 in the fourth quarter of 2022. Revenue of $62.94 million topped $53.05 million in the fourth quarter of 2022.&nbsp;
Alexander's $18 per share annualized dividend yields 8.06%. Year to date, Alexander's has had a total return of 5.38%.
Highwoods Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is a Raleigh, North Carolina-based office REIT that owns, develops, acquires, leases and manages properties in the Southern cities of Atlanta; Charlotte and Raleigh, North Carolina; Dallas, Nashville, Tennessee; Orlando and Tampa, Florida; and Richmond, Virginia. It was founded in 1978 and had its IPO in 1994.
Highwoods owns 28.4 million square feet of office space. As of Dec. 31, its occupancy rate was 88.9%. Highwoods' tenant base is well diversified by industries, and its top 10 tenants include Bank of America Corp., the federal government, MetLife Inc., Bridgestone Americas Inc. and PPG Industries Inc. It also owns about 120 acres of land.
On Feb. 7, Highwoods Properties reported its fourth-quarter operating results. FFO of $0.99 per share trounced analyst estimates of $0.91 per share and was above FFO of $0.96 in the fourth quarter of 2022. Revenue of $206.86 million was slightly below the Street estimate of $207.83 million and declined from $211.71 million in the fourth quarter of 2022.&nbsp;
On March 28, Morgan Stanley analyst Ronald Kamdem maintained Highwoods Properties with an Underweight rating and raised the price target from $18 to $21.&nbsp;
On April 4, Highwoods announced it sold nine office buildings for gross proceeds of $79.4 million that will be used to reduce outstanding debt on its revolving credit facility.&nbsp;
Highwoods' annualized dividend of $2 per share yields 7.96%. Highwoods Properties' total return YTD is 9.82%.&nbsp;
Modiv Industrial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDV#NYSE">MDV</a>) is a Reno, Nevada-based, internally managed diversified REIT with 42 single-tenant net-lease properties totaling 4.5 million square feet across 15 states. It has 39 industrial, four office and one retail property in a portfolio of about 30 tenants. Modiv Industrial was founded in 2015 and had its IPO date in February 2022.&nbsp;
Its portfolio has an excellent weighted average lease term (WALT) of 14 years and includes average annual rental increases of 2.5%. It has a 100% occupancy rate. Over the past year, Modiv has disposed of noncore office properties to focus more on an industrial portfolio.
On March 4, Modiv reported its fourth-quarter operating results. FFO of $0.40 per share beat the Street estimate of $0.38 per share. Revenue of $12.29 million just missed estimates of $12.14 million.&nbsp;
Modiv's annualized $1.15 dividend per share yields 7.27%. Its total return YTD is 17.23%.
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</ul>

NLCP

Build A Basket Of Well-Performing, High-Paying Dividend Stocks

Donald Trump built his wealth through estate investments and development. He inherited a portion of his father&#8217;s real estate business, which he then expanded through strategic property deals, hotel developments, and branding.&nbsp;
Trump also ventured into entertainment, including his popular show The Apprentice and his new social media app Truth Social, which recently went public via a SPAC merger and now trades as Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>).
Investing in real estate is not as easy as it once was, especially with rates at elevated levels. However, investors can explore alternative routes to enter the real estate market, including investing in real estate investment trusts (REITs) or participating in <a href="https://www.benzinga.com/go/real-estate-screener">real estate crowdfunding</a>.
So, how can you invest like Donald Trump? Well, his portfolio is <a href="https://www.benzinga.com/real-estate/24/01/36535479/donald-trumps-real-estate-portfolio-is-highly-concentrated-in-these-two-states">highly concentrated in two states</a> – New York and Florida. Let's focus on New York, which he is more known for.
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<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
</ul>
<h2 class="wp-block-heading">New York State of Mind</h2>
Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is a REIT that leases, manages, develops, and redevelops properties in New York, making it a great way to get exposure to the city where Donald Trump began building his portfolio. Alexander's portfolio consists of five properties in greater New York City, including 731 Lexington Avenue, the Rego Center, and The Alexander apartment tower.
Alexander's currently pays a quarterly dividend of $4.50 per share, equating to an annualized rate of $18.00 per share, which gives its stock a yield of about 8.1% at the time of this writing. 
It&#8217;s important to note that Alexander&#8217;s has maintained its $18 annual dividend since 2018, making it a very reliable source of income to go with the potential price appreciation in its world-class assets.
<h2 class="wp-block-heading">Another way to invest like Trump</h2>
You can also get started in real estate like Donald Trump by using a real estate crowdfunding platform, like <a href="https://www.benzinga.com/go/bezos-landlord">Bezos and Khosrowshahi-backed Arrived Homes</a> or <a href="https://www.benzinga.com/go/marcus-millichap-backed-platform">Marcus and Millichap-backed EquityMultiple</a>. Real estate crowdfunding platforms allow you to connect with other investors and pool your money to purchase property for passive real estate income. 
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Miami Is Expected To Take New York's Place As The US Financial Capital. <a href="https://www.benzinga.com/go/miami-financial-capital">Invest In It With $500 Before That Happens</a>.</li>
<li>Searching for income? <a href="https://www.benzinga.com/go/3-high-yield-investments">3 High-Yield Investments To Boost Your Portfolio's Income</a>.</li>
</ul>
Image Credit: Shutterstock

DWAC

Invest Like Donald Trump With This Stock Yielding 8.1%

Alexander's Q4 FFO $4.99 Up From $4.03 YoY, Sales $62.94M Up From $53.05M YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; Beasley Broadcast Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>) is projected to report quarterly loss at $0.07 per share on revenue of $66.05 million.
&bull; Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) is likely to report quarterly earnings at $0.59 per share on revenue of $911.34 million.
&bull; Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $197.95 million.
&bull; Alexander&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) is estimated to report earnings for its first quarter.
&bull; Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $203.01 million.
&bull; Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $74.54 million.
&bull; PetVivo Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETV#NASDAQ">PETV</a>) is estimated to report earnings for its third quarter.
&bull; Delta Apparel (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DLA#AMEX">DLA</a>) is likely to report quarterly loss at $0.91 per share on revenue of $92.50 million.
&bull; Goodyear Tire &amp; Rubber (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $5.39 billion.
&bull; Electrovaya (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELVA#NASDAQ">ELVA</a>) is likely to report earnings for its first quarter.
&bull; 2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) is likely to report quarterly earnings at $0.64 per share on revenue of $280.67 million.
&bull; Service Corp Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCI#NYSE">SCI</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $1.02 billion.
&bull; Equity Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQC#NYSE">EQC</a>) is projected to report earnings for its fourth quarter.
&bull; Safehold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAFE#NYSE">SAFE</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $85.95 million.
&bull; Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) is projected to report earnings for its fourth quarter.
&bull; Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) is estimated to report earnings for its fourth quarter.
&bull; SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $125.00 million.
&bull; Intercorp Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFS#NYSE">IFS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $419.95 million.
&bull; ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $310.67 million.
&bull; Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $456.79 million.
&bull; Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) is projected to report quarterly earnings at $4.15 per share on revenue of $2.81 billion.
&bull; Investcorp Credit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICMB#NASDAQ">ICMB</a>) is estimated to report quarterly earnings at $0.13 per share on revenue of $6.42 million.
&bull; Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $299.05 million.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $141.34 million.
&bull; Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) is estimated to report quarterly earnings at $1.25 per share on revenue of $319.48 million.
&bull; Hudson Pacific Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>) is estimated to report earnings for its fourth quarter.
&bull; Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $532.29 million.
&bull; Aspen Aerogels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>) is projected to report quarterly loss at $0.12 per share on revenue of $80.86 million.
&bull; Trinseo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSE#NYSE">TSE</a>) is estimated to report quarterly loss at $1.33 per share on revenue of $853.00 million.
&bull; Brighthouse Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) is likely to report quarterly earnings at $3.69 per share on revenue of $2.13 billion.
&bull; Beyond Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) is expected to report quarterly loss at $0.53 per share on revenue of $450 thousand.
&bull; Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) is likely to report quarterly earnings at $1.70 per share on revenue of $1.53 billion.
&bull; Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $176.19 million.
&bull; Vornado Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) is likely to report earnings for its fourth quarter.
&bull; Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is estimated to report quarterly earnings at $2.22 per share on revenue of $498.71 million.
&bull; James Hardie Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) is estimated to report earnings for its third quarter.
&bull; Principal Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $3.60 billion.
&bull; Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is likely to report quarterly earnings at $1.33 per share on revenue of $1.06 billion.
&bull; Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) is expected to report quarterly earnings at $1.53 per share on revenue of $5.20 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ANET

ASPN

BBGI

Brighthouse Financial, Inc. - Common Stock

BLKB

CDNS

CETX

ELVA

ICMB

OTTR

PETV

SAFE

SBLK

TRMB

TWOU

Earnings Scheduled For February 12, 2024

Real estate investment trusts (REITs) offer a smart way to invest in <a href="https://www.benzinga.com/alternative-investments/real-estate?investorType=All&amp;minimumInvestment%5B%5D=0,250000&amp;sortBy=Recommended">real estate</a> because they remove the usual hurdles of buying and managing physical properties. 
Let's now focus on three different types of REITs that are not just stable but also profitable, with dividend yields of more than 6%. This positions them as an attractive choice for investors seeking to balance their portfolios with real estate while enjoying regular income streams. It&#8217;s a blend of practicality and potential that makes these REITs worth considering.
Alexander&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) stands out in the urban retail real estate sector, with a dividend yield of 8.3%. Their portfolio is predominantly centered around high-end, urban retail properties, with their crown jewel being the 731 Lexington Avenue property in New York City. This focus on premium locations in dense urban settings, such as NYC, aligns with high-value retail and commercial tenants seeking prestigious addresses. Their real estate strategy revolves around owning and managing properties that command higher rent due to their location and tenant profile, contributing to their significant dividend yield. The urban retail focus, especially in upscale markets, presents both opportunities and risks related to urban economic cycles. Their association with Vornado Realty Trust, providing financial and operational synergies, further strengthens their position in the upscale urban real estate market. Alexander&#8217;s Inc. has a strong portfolio of tenants, particularly in its high-end, urban retail properties. Some of their major tenants include well-known companies like Bloomberg, The Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and Costco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HD#NASDAQ">HD</a>).
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.</a></li>
</ul>
Getty Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTY#NYSE">GTY</a>), with a dividend yield of 6%, is a specialized real estate investment trust focusing on gasoline stations and convenience stores. Their properties are strategically situated in high-traffic areas and prominent metropolitan markets, vital for businesses that rely on high customer footfall. The company&#8217;s leasing strategy, predominantly based on long-term, triple-net leases, translates into stable and predictable income streams while minimizing management and maintenance responsibilities. Their niche specialization in gas stations and convenience stores means they cater to a sector with unique real estate needs, including smaller footprints, accessibility, and visibility. This specialization allows Getty Realty to build and maintain a diverse and resilient tenant base, contributing to its steady dividend yield.
CBL Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBL#NYSE">CBL</a>) offers a dividend yield of 6% and specializes in retail real estate, primarily focusing on shopping malls and centers. Their properties are predominantly located in the Southeast and Midwest regions of the U.S. CBL&#8217;s strategic approach involves managing large-scale, market-dominant shopping centers that often serve as primary retail hubs in their areas. These properties typically feature a mix of national anchor stores and local retailers, creating a diversified tenant base. Recognizing the evolving landscape of retail, CBL is transitioning some of their properties into multi-use complexes, integrating retail with entertainment, dining, and residential spaces. This adaptive strategy is aimed at enhancing the consumer experience and sustaining foot traffic, crucial in the face of the challenges confronting traditional retail spaces. Their focus on reinventing and diversifying shopping centers underlines their commitment to staying relevant and profitable in the dynamic retail sector.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock

3 REITs with Yields over 6%

With approximately 200 real estate investment trusts (<a href="https://www.benzinga.com/real-estate/reit">REITs</a>) on the market today, it's difficult for investors to choose which REITs to buy. Parameters such as longevity, dividend growth, dividend yield, payout ratios and price to funds from operations (P/FFO) are typically employed in making purchase decisions.
It's also important to look at relative strength, or how a stock's performance compares to its peers over a measure of time. Stocks that show strong relative strength signify institutional buying and are frequently performed over a long period. The strongest stocks of a sector are also likely to still be performing well over the months ahead.
The <a href="https://www.benzinga.com/money/retail-reits">retail REIT</a> subsector has anywhere from 21 to 30 stocks, depending on which source is used. In recent years, many retail REITs have diversified into other types of properties, but the main core of their business is still in retail establishments.
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</ul>
Take a look at the five retail sector stocks that have outperformed their peers over the past month, have a strong dividend yield and a history of dividend growth.
Alexander's Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is a Paramus, New Jersey-based REIT that is externally managed by Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>), which also owns 33.1% of Alexander's stock. Alexanders has five large mixed-use retail properties in the New York City metropolitan area. For example, 731 Lexington Avenue is office and retail, and the Rego Center Complex includes retail properties and The Alexander apartment tower.
Alexander's pays a quarterly dividend of $4.50, which yields 8.24% on an annual basis.
From Dec. 8 to Jan. 8, Alexander's has had a total return of 15.56%, making it the top-performing retail REIT.
Macerich Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAC#NYSE">MAC</a>) is a Santa Monica, California-based retail REIT that specializes in the acquisition, leasing and management of 48 million square feet in 44 regional town center malls all across the U.S.
On Dec. 20, Piper Sandler analyst Alexander Goldfarb maintained a Neutral position on Macerich but raised the price target 41.66% from $12 to $17.&nbsp;
Macerich pays a quarterly dividend of $0.17 per share, which on an annual basis yields 4.55%. It was forced to cut its dividend from $0.75 to $0.10 in April 2020 when COVID-19 was rampant, but since then has increased the dividend by 70%.
Over the past month, the total return for Macerich was 11.65%. It's been a poor performer overall since November 2021, but the recent returns suggest that the turnaround will have some legs well into 2024.
Realty Income Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>) is a San Diego-based, triple-net-lease REIT with over 13,250 properties around the world. The Monthly Dividend Company, as it's widely known, is a member of the S&amp;P 500 and an S&amp;P 500 Dividend Aristocrat. The occupancy rate for its portfolio is 98.8%.
On Dec. 12, Realty Income announced an increase in its monthly cash dividend from $0.256 to $0.2565 per share. The new annualized dividend amount of $3.078 presently yields 5.31%. This was the 123rd dividend increase since 1994 and the 105th consecutive quarter of dividend increases.
Over the past five years, the dividend growth is 22.1%, but the consistent monthly dividends help investors keep up with inflation.
Realty Income became much more diversified in 2023, purchasing a 21.9% interest in The Bellagio Las Vegas. It also added to its single-tenant retail properties by announcing it will acquire Spirit Realty Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRC#NYSE">SRC</a>), with an expected closing in the first quarter of this year.
Over the past month, Realty Income has had a total return of 8.02%.
Agree Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is a Bloomfield Hills, Michigan-based triple-net-lease REIT that focuses on retail properties. Its portfolio includes 2,135 owned and operated properties totaling 44 million square feet across 49 states. The majority of its tenants — 69% — are investment grade, including well-known names like Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) and Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>).
Agree Realty was founded as Agree Development Co. in 1971 and went public as a REIT on the New York Stock Exchange in 1994 as Agree Realty Corp.
In its latest quarterly earnings report on Oct. 24, the third-quarter FFO of $1 beat the estimates of $0.99 and was above FFO of $0.96 in the third quarter of 2022. Revenue of $136.81 million beat the estimates of $134.97 million and was 24.3% above revenue of $110.07 million in the third quarter of 2022.
Analysts are recently somewhat mixed on Agree Realty. On Dec. 11, Mizuho analyst Haendel St. Juste downgraded Agree Realty from Buy to Neutral and lowered the price target from $67 to $61. But on Jan. 4, RBC Capital Markets analyst Brad Heffern maintained an Outperform rating on Agree Realty and raised the price target from $66 to $67.
Like Realty Income, Agree Realty pays a monthly dividend, making it a boon for income investors to pay regular monthly bills. In January 2021, it began paying monthly dividends of $0.21 per share. Since then, the dividend has grown by 17.06%, to $0.247 per share. The annual dividend yield is presently 4.69%.
Agree insiders were active purchasers of company stock in the fourth quarter of 2023. Agree Realty's total return over the past month is 7.64%.
NetSTREIT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTST#NYSE">NTST</a>) is a Dallas-based triple-net-lease retail REIT with 547 properties across 45 states. Its single-tenant net leases cover 26 diverse industries. About 68% of its 85 tenants are investment grade, including Walgreens Boots Alliance Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NYSE">WBA</a>), Lowes Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).&nbsp;&nbsp;
In NetSTREIT's third-quarter operating results, FFO of $0.31 per share beat the analyst estimate of $0.29 and its FFO of $0.30 per share in the third quarter of 2022. Revenue of $33.96 million beat the estimate of $32.2 million and was 35.8% higher than revenue of $25.01 million in the third quarter of 2022. Fourth-quarter earnings will be announced on Feb. 21.
On Jan. 2, Wolfe Research analyst Andrew Rosivach upgraded NetSTREIT from Peer Perform to Outperform and announced a price target of $22. Its most recent closing price was $17.83.
On Jan. 8, NetSTREIT provided guidance on 2024 adjusted FFO of $1.24-$1.28 per share.
NetSTREIT has increased its quarterly dividend from $0.10 per share in September 2020 to the most recent payout of $0.205 per share, yielding 4.6% on an annual basis.
NetSTREIT's total return over the past month is 7.28%.
Weekly REIT Report: REITs are one of the most misunderstood investment options, making it difficult for investors to spot incredible opportunities until it's too late. Benzinga's in-house real estate research team has been working hard to identify the greatest opportunities in today's market, which you can gain access to for free by signing up for the <a href="https://www.benzinga.com/money/reit-newsletter">Weekly REIT Report.</a>
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NTST

5 Retail REITs With The Best Relative Strength

A couple of analysts put a damper on what had been an excellent five-week run for real estate investment trusts (REITs). Nothing goes up or down forever on Wall Street, and analysts can sometimes push the brakes on a runaway stock by downgrading it a notch or two. Often the downgrade is accompanied by a cut in the stock's price target as well.
One analyst is downgrading REITs this week while raising the price targets as if trying to play catch-up to where these stocks have now advanced. Several of these REITs have been on fire since Nov. 1, so perhaps the analyst felt the massive gains were unsustainable.
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Take a look at a half dozen REITs that went under the analysts' knives to start the week:
Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) is a New York-based diversified REIT that owns and operates approximately 26 million square feet of commercial office buildings and some street retail and mixed-use establishments in New York, Chicago and San Francisco. About 88% of its portfolio net operating income (NOI) is derived from 2,000 rental units in New York City. Vornado has been trading on the New York Stock Exchange for over 60 years.
Vornado Realty also owns and operates advertising signage in the Penn District and Times Square areas of New York City, including a six-story-high, 330-foot wide 4K LED sign on Broadway, the largest 4K LED sign in the world.
Vornado Realty also has a 32.4% interest in Alexander's Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>), a REIT that owns six properties in the New York City metropolitan area.
On Dec. 11, Evercore ISI Group analyst Steve Sakwa downgraded Vornado Realty from In-Line to Underperform and raised the price target from $23 to $28.
Can the analyst's downgrade slow this express train down? Since Nov. 1, Vornado has been the third-best-performing REIT with a total return of 45.68%.
National Storage Affiliates Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) is a Greenwood Village, Colorado-based self-storage REIT that owns and operates 1,119 self-storage properties in the largest metropolitan areas throughout 42 states and Puerto Rico. Its third-quarter occupancy rate was 87.9%.
On Dec. 11, Sakwa downgraded National Storage Affiliates from In-Line to Underperform and raised the price target from $32 to $35. National Storage Affiliates is another stock that has recently been on a roll, with a total return of 29.21% since Nov. 1.
CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) is a Malvern, Pennsylvania-based, internally managed self-storage REIT with over 600 storage facilities across the U.S. It had its initial public offering (IPO) in 2004 under the name, U-Store-It. In 2011, it was rebranded as CubeSmart. Between 2012 and 2022, CubeSmart grew its funds from operations (FFO) per share by 242%. Its same-store occupancy rate was recently 92.1%.
On Dec. 7, CubeSmart announced a 4.1% increase in its quarterly dividend from $0.49 to $0.51 per share. The dividend is payable on Jan. 16 to shareholders of record on Jan. 2. The new annual dividend of $2.04 per share yields 4.65%.
On Dec. 11, Sakwa downgraded CubeSmart from Outperform to In-Line and raised the price target from $42 to $43.
CubeSmart's total return since Nov. 1 is 23.73%.
Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is a Chicago-based REIT that owns or invests in 301 apartment buildings with 80,683 units in large urban areas, such as Boston, New York, Washington D.C, Seattle, San Francisco and Denver. Its third-quarter occupancy rate was 96%. Equity Residential is a member of the S&amp;P 500.
On Dec. 11, Mizuho analyst Haendel St. Juste downgraded Equity Residential from Buy to Neutral and lowered the price target from $62 to $58.
Equity Residential's total gain since Nov. 1 is 9.51%.
Gaming and Leisure Properties Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLPI#NASDAQ">GLPI</a>) is a specialized REIT that owns and triple-net leases 61 gaming properties across 18 states. Its tenants include Penn Entertainment Inc., Caesars Entertainment Inc., Boyd Gaming Corp. and others. It owns and operates over 14,800 hotel rooms and leases 28.7 million square feet of property. Gaming and Leisure Properties was formed in 2013 as the nation's first gaming REIT.
On Dec. 11, St. Juste downgraded Gaming and Leisure Properties from Buy to Neutral and lowered the price target from $50 to $47.
Unlike the previous REITs, Gaming and Leisure Properties&#8217; gain since Nov. 1 is a more modest 2.42%.
Agree Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is a Bloomfield Hills, Michigan-based net-lease REIT that focuses on retail properties. Its portfolio includes 2,084 owned and operated properties totaling 43 million square feet across 49 states. Of its tenants, 69% are investment grade.
Agree Realty was founded as Agree Development Co. in 1971. It went public as a REIT on the New York Stock Exchange in 1994 as Agree Realty Corp. Some of its largest tenants include well-known names like Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) and Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>).
On Dec. 11, St. Juste downgraded Agree Realty from Buy to Neutral and lowered the price target from $67 to $61.
Agree Realty's total gain since Nov. 1 is 3.53%.
These six REITs were not the only recent downgrades. On Dec. 8, Wells Fargo analyst Dori Kesten downgraded three hotel REITs — Apple Hospitality REIT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) from Overweight to Equal-Weight with a $17 price target, Diamondrock Hospitality Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) from Overweight to Equal-Weight with a $9 price target and Sunstone Hotel Investors Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) from Equal-Weight to Underweight with a $9.50 price target.
A change in momentum could be on the way for many REITs this week.
Weekly REIT Report: REITs are one of the most misunderstood investment options, making it difficult for investors to spot incredible opportunities until it's too late. Benzinga's in-house real estate research team has been working hard to identify the greatest opportunities in today's market, which you can gain access to for free by signing up for the <a href="https://www.benzinga.com/money/reit-newsletter">Weekly REIT Report.</a>
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APLE

CUBE

GLPI

A Slew Of REIT Downgrades Start The Week On A Sour Note

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the real estate sector:</h2>
<ol>
<li>Comstock Holding Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCI#NASDAQ">CHCI</a>) - P/E: 5.99</li>
<li>Franklin BSP Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBRT#NYSE">FBRT</a>) - P/E: 9.01</li>
<li>Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) - P/E: 9.98</li>
<li>Landsea Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSEA#NASDAQ">LSEA</a>) - P/E: 9.37</li>
<li>Presidio Property Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SQFT#NASDAQ">SQFT</a>) - P/E: 0.4</li>
</ol>
Comstock Holding Co has reported Q3 earnings per share at $0.46, which has increased by 820.0% compared to Q2, which was 0.05. Franklin BSP Realty Trust's earnings per share for Q3 sits at $0.43, whereas in Q2, they were at 0.66. Most recently, the company reported a dividend yield of 10.0%, which has increased by 0.1% from last quarter's yield of 9.9%.
Alexander's's earnings per share for Q3 sits at $3.63, whereas in Q2, they were at 3.55. Most recently, the company reported a dividend yield of 9.81%, which has increased by 0.1% from last quarter's yield of 9.71%.
Most recently, Landsea Homes reported earnings per share at $0.3, whereas in Q2 earnings per share sat at $0.33. Presidio Property Trust has reported Q3 earnings per share at $-0.01, which has increased by 38.89% compared to Q2, which was -0.02. Its most recent dividend yield is at 12.11%, which has increased by 1.92% from 10.19% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

CHCI

FBRT

LSEA

SQFT

A Look Into Real Estate Sector Value Stocks

Thursday marks the last chance for investors to receive the next dividend payout from Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of $4.5 per share. On Friday, Alexander's will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $4.5 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own ALX as of the end of Thursday's session are eligible to receive the $4.5 dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on November 17, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/ALX">Track real-time stock fluctuations for Alexander's on Benzinga.</a>

Dividends

Alexander's: Dividend Insights

Press Releases

Alexander's Announces Second Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

Alexander's Declares Quarterly $4.50 Dividend on Common Shares

Alexander's Announces Second Quarter Financial Results

Financing

Alexander's Completes $400 Million Refinancing of 731 Lexington Avenue Office Condominium

Alexander's Announces Third Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

Alexander's Announces Third Quarter Financial Results

Alexander's Announces Fourth Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

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