$ALX
ALEXANDERS INC

2011 Q4 Form 10-K Financial Statement

#000000349912000005 Filed on February 27, 2012

View on sec.gov

Income Statement

Concept 2011 Q4 2011 2010 Q4
Revenue $46.56M $185.2M $62.25M
YoY Change -25.21% 6.34% 8.83%
Cost Of Revenue $14.50M $55.50M $20.00M
YoY Change -27.5% 10.56% 12.99%
Gross Profit $32.10M $129.8M $42.30M
YoY Change -24.11% 4.59% 7.09%
Gross Profit Margin 68.95% 70.07% 67.95%
Selling, General & Admin $300.0K $4.000M $1.200M
YoY Change -75.0% -45.95% 0.0%
% of Gross Profit 0.93% 3.08% 2.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.500M $37.09M $9.100M
YoY Change 4.4% 6.42% 10.98%
% of Gross Profit 29.6% 28.57% 21.51%
Operating Expenses $7.400M $87.56M $9.400M
YoY Change -21.28% 5.22% 10.59%
Operating Profit $24.70M $97.69M $32.90M
YoY Change -24.92% 7.36% 6.13%
Interest Expense -$10.50M -$42.90M -$14.90M
YoY Change -29.53% -4.03% -5.7%
% of Operating Profit -42.51% -43.92% -45.29%
Other Income/Expense, Net -$3.429M
YoY Change -154.91%
Pretax Income $13.40M $54.79M $18.00M
YoY Change -25.56% 18.25% 18.42%
Income Tax $0.00 -$42.00K $100.0K
% Of Pretax Income 0.0% -0.08% 0.56%
Net Earnings $20.63M $79.42M $17.89M
YoY Change 15.33% 19.56% 18.48%
Net Earnings / Revenue 44.32% 42.87% 28.74%
Basic Earnings Per Share $4.04 $15.55 $3.50
Diluted Earnings Per Share $4.04 $15.55 $3.50
COMMON SHARES
Basic Shares Outstanding 5.106M shares 5.107M shares
Diluted Shares Outstanding 5.107M shares

Balance Sheet

Concept 2011 Q4 2011 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $506.6M $506.6M $397.2M
YoY Change 27.55% 27.54% -3.76%
Cash & Equivalents $506.6M $506.6M $397.2M
Short-Term Investments $0.00
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.600M $2.600M $4.200M
Other Receivables $169.5M $169.5M $175.7M
Total Short-Term Assets $678.7M $678.7M $577.1M
YoY Change 17.61% 17.61% 0.3%
LONG-TERM ASSETS
Property, Plant & Equipment $770.4M $770.4M $893.1M
YoY Change -13.74% -13.74% 0.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.000M $5.000M $23.00M
YoY Change -78.26% -78.26% -42.5%
Other Assets $291.9M $291.9M $162.6M
YoY Change 79.52% 79.52% -6.77%
Total Long-Term Assets $1.093B $1.093B $1.102B
YoY Change -0.87% -0.87% -2.32%
TOTAL ASSETS
Total Short-Term Assets $678.7M $678.7M $577.1M
Total Long-Term Assets $1.093B $1.093B $1.102B
Total Assets $1.771B $1.771B $1.679B
YoY Change 5.48% 5.48% -1.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.60M $34.60M $41.60M
YoY Change -16.83% -16.83% -7.96%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.90M $75.90M $85.40M
YoY Change -11.12% -11.12% -16.19%
LONG-TERM LIABILITIES
Long-Term Debt $1.081B $1.081B $1.246B
YoY Change -13.28% -13.28% -2.55%
Other Long-Term Liabilities $251.2M $251.2M $3.700M
YoY Change 6689.19% 6689.19% -55.42%
Total Long-Term Liabilities $1.332B $1.332B $1.250B
YoY Change 6.56% 6.56% -2.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.90M $75.90M $85.40M
Total Long-Term Liabilities $1.332B $1.332B $1.250B
Total Liabilities $1.408B $1.413B $1.336B
YoY Change 5.43% 5.5% -4.02%
SHAREHOLDERS EQUITY
Retained Earnings $322.2M $304.1M
YoY Change 5.97%
Common Stock $5.173M $5.173M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $375.0K $375.0K
YoY Change 0.0%
Treasury Stock Shares 67.51K shares 67.51K shares
Shareholders Equity $358.8M $358.8M $340.4M
YoY Change
Total Liabilities & Shareholders Equity $1.771B $1.771B $1.679B
YoY Change 5.48% 5.48% -1.44%

Cashflow Statement

Concept 2011 Q4 2011 2010 Q4
OPERATING ACTIVITIES
Net Income $20.63M $79.42M $17.89M
YoY Change 15.33% 19.56% 18.48%
Depreciation, Depletion And Amortization $9.500M $37.09M $9.100M
YoY Change 4.4% 6.42% 10.98%
Cash From Operating Activities $24.60M $92.51M $33.30M
YoY Change -26.13% 21.69% 47.35%
INVESTING ACTIVITIES
Capital Expenditures -$4.200M -$14.40M -$21.70M
YoY Change -80.65% -65.96% 31.52%
Acquisitions
YoY Change
Other Investing Activities -$700.0K $14.80M $3.500M
YoY Change -120.0% -35.37% -108.18%
Cash From Investing Activities -$4.900M $383.0K -$18.20M
YoY Change -73.08% -101.97% -69.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $508.5M
YoY Change 641.02%
Cash From Financing Activities -22.60M 16.50M -37.60M
YoY Change -39.89% -122.87% -396.06%
NET CHANGE
Cash From Operating Activities 24.60M 92.51M 33.30M
Cash From Investing Activities -4.900M 383.0K -18.20M
Cash From Financing Activities -22.60M 16.50M -37.60M
Net Change In Cash -2.900M 109.4M -22.50M
YoY Change -87.11% -805.16% -6.25%
FREE CASH FLOW
Cash From Operating Activities $24.60M $92.51M $33.30M
Capital Expenditures -$4.200M -$14.40M -$21.70M
Free Cash Flow $28.80M $106.9M $55.00M
YoY Change -47.64% -9.64% 40.66%

Facts In Submission

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<p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">1</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.&#160;&#160;&#160;&#160;&#160;&#160;&#160;ORGANIZATION</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Alexander's, Inc. (NYSE: ALX) is a real estate investment trust (&#8220;REIT&#8221;), incorporated in </font><font style="font-family:Times New Roman;font-size:10pt;">Delaware</font><font style="font-family:Times New Roman;font-size:10pt;">, engaged in leasing, managing, developing and redeveloping its properties. All references to &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; &#8220;Company&#8221; and &#8220;Alexander's&#8221; refer to Alexander's, Inc. and its consolidated subsidiaries. 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Our chief operating decision-maker assesses and measures segment operating results based on a performance measure referred to as net operating income at the individual operating segment. Net operating income for each property represents net rental revenues less operating expenses.</font></p><p style='margin-top:0pt; margin-bottom:10pt'>&#160;</p>
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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:14.4px;">Basis of Presentation</font><font style="font-family:Times New Roman;font-size:10pt;"> &#8211; The accompanying consolidated financial statements include our accounts and those of our consolidated subsidiaries. All intercompany amounts have been eliminated. Our financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;), which requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. </font></p>
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CY2011 alx Leasing Services Fee Description
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Vornado also provides us with leasing services for a fee of 3% of rent for the first ten years of a lease term, 2% of rent for the eleventh through the twentieth year of a lease term, and 1% of rent for the twenty-first through thirtieth year of a lease term, subject to the payment of rents by tenants. In the event third-party real estate brokers are used, the fees to Vornado increase by 1% and Vornado is responsible for the fees to the third-party real estate brokers.
CY2011 alx Commissionon Asset Sales Description
CommissiononAssetSalesDescription
Vornado is also entitled to a commission upon the sale of any of our assets equal to 3% of gross proceeds, as defined, for asset sales less than $50,000,000 and 1% of gross proceeds, as defined, for asset sales of $50,000,000 or more. The total of these amounts is payable in annual installments in an amount not to exceed $4,000,000, with interest on the unpaid balance at LIBOR plus 1% (1.78% at December 31, 2011).
CY2011 us-gaap Management Fee Description
ManagementFeeDescription
Management and Development Agreements We pay Vornado an annual management fee equal to the sum of (i) $3,000,000, (ii) 3% of gross income from the Kings Plaza Regional Shopping Center, (iii) 2% of gross income from the Rego Park II Shopping Center, (iv) $0.50 per square foot of the tenant-occupied office and retail space at 731 Lexington Avenue, and (v) $256,000, escalating at 3% per annum, for managing the common area of 731 Lexington Avenue. In addition, Vornado is entitled to a development fee of 6% of development costs, as defined, with minimum guaranteed fees of $750,000 per annum.
CY2011 us-gaap Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
LIBOR
CY2011Q4 alx Pledged Assets Seperately Reported Real Estate Pledged As Collateral At Carrying Value
PledgedAssetsSeperatelyReportedRealEstatePledgedAsCollateralAtCarryingValue
873911000
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
93262000
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
15957000
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
317179000
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
323192000
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
253440000
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
327902000
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
328000
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
376000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
136000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0
CY2010 alx Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities And Other
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthoritiesAndOther
0
CY2011 alx Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities And Other
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthoritiesAndOther
-49000
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
567000
CY2009Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7450000
CY2010 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
-5113000
CY2011 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
-2561000
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3041000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
138570000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
148684000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
148384000
CY2011 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
136000
CY2010 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
376000
CY2009 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
1807000
CY2011 alx Interest Expense Benefit Due To Lapse Of Applicable Statute Of Limitations
InterestExpenseBenefitDueToLapseOfApplicableStatuteOfLimitations
2561000
CY2010 alx Interest Expense Benefit Due To Lapse Of Applicable Statute Of Limitations
InterestExpenseBenefitDueToLapseOfApplicableStatuteOfLimitations
1951000
CY2011Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
0
CY2010Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
0
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
893952 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
153304000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
151302000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.00
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.95
CY2011 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
27655000
CY2011Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
184873000
CY2010 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
25227000
CY2010Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
157232000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
1367758000
CY2011 us-gaap Percentage Rent
PercentageRent
574000
CY2010 us-gaap Percentage Rent
PercentageRent
665000
CY2009 us-gaap Percentage Rent
PercentageRent
633000
CY2010Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
61390000
CY2010Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.50
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
802000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
803000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
802000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
803000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
802000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
8203000
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
848000
CY2010 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
848000
CY2009 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
848000
CY2011Q4 alx Number Of Ground Leases
NumberOfGroundLeases
2 leases
CY2011Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
4998000.00
CY2011 alx Multiemployer Plans Disclosure Textblock
MultiemployerPlansDisclosureTextblock
<p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">12</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">MULTIEMPLOYER BENEFIT PLANS</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Our subsidiaries make contributions to certain multiemployer defined benefit plans (&#8220;Multiemployer Pension Plans&#8221;) and health plans (&#8220;Multiemployer Health Plans&#8221;) for our union represented employees, pursuant to the respective collective bargaining agreements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;text-decoration:underline;margin-left:14.4px;">Multiemployer Pension Plans</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Multiemployer Pension Plans differ from single-employer pension plans in that (i) contributions to multiemployer plans may be used to provide benefits to employees of other participating employers and (ii) if other participating employers fail to make their contributions, each of our subsidiaries may be required to bear their pro-rata share of unfunded obligations. </font><font style="font-family:Times New Roman;font-size:10pt;">If </font><font style="font-family:Times New Roman;font-size:10pt;">a participating</font><font style="font-family:Times New Roman;font-size:10pt;"> subsidiar</font><font style="font-family:Times New Roman;font-size:10pt;">y</font><font style="font-family:Times New Roman;font-size:10pt;"> withdraw</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> from </font><font style="font-family:Times New Roman;font-size:10pt;">a</font><font style="font-family:Times New Roman;font-size:10pt;"> plan </font><font style="font-family:Times New Roman;font-size:10pt;">in which it participates, it</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">may</font><font style="font-family:Times New Roman;font-size:10pt;"> be subject to a withdrawal liability. </font><font style="font-family:Times New Roman;font-size:10pt;">As of December 31, 2011, </font><font style="font-family:Times New Roman;font-size:10pt;">our subsidiaries' participation in these</font><font style="font-family:Times New Roman;font-size:10pt;"> plans were </font><font style="font-family:Times New Roman;font-size:10pt;">not </font><font style="font-family:Times New Roman;font-size:10pt;">significant to our consolidated financial statements</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">In the years ended December 31, 2011, 2010 and 2009 our subsidiaries contributed </font><font style="font-family:Times New Roman;font-size:10pt;">$215,000, $229,000 and $209,000, respectively, towards Multiemployer Pension Plans, which is included as a component of &#8220;operating&#8221; expenses on our consolidated statements of income. Our subsidiaries' contributions did not represent more tha</font><font style="font-family:Times New Roman;font-size:10pt;">n</font><font style="font-family:Times New Roman;font-size:10pt;"> 5% of total employer contributions in any of these plans for the years ended December 31, 2011, 2010 and 2009.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;text-decoration:underline;margin-left:14.4px;">Multiemployer </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;text-decoration:underline;">Health</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;text-decoration:underline;"> Plans</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Multiemployer Health Plans in which our subsidiaries participate provide health benefits to eligible active and retired employees. In the years ended December 31, 2011, 2010 and 2009 our subsidiaries contributed $731,000, $735,000 and $703,000, respectively, towards these plans, which is included as a component of &#8220;operating&#8221; expenses on our consolidated statements of income.</font></p>
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
20157000
CY2010Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.05
CY2010Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
59166000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.00
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
20425000
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2010 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2009 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1580 shares
CY2011Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
64607000
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
20634000
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.04
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.04
CY2011Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
64737000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.95
CY2011Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
62036000
CY2011Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
62872000
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.57
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
18207000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.57
CY2010Q3 us-gaap Net Income Loss
NetIncomeLoss
17875000
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.50
CY2010Q2 us-gaap Net Income Loss
NetIncomeLoss
15549000
CY2010Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.05
CY2010Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.96
CY2010Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.96
CY2010Q1 us-gaap Net Income Loss
NetIncomeLoss
15114000
CY2010Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
58544000
CY2010Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
62250000
CY2010Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.50
CY2010Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.50
CY2010Q4 us-gaap Net Income Loss
NetIncomeLoss
17891000
CY2011Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
1330932000
CY2011Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
22090000
CY2011Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
35781000
CY2011Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
1004337000
CY2011Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
74974000
CY2011Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
985637000
CY2011Q4 alx Real Estate And Accumulated Depreciation Carrying Amount Of Development And Construction In Progress
RealEstateAndAccumulatedDepreciationCarryingAmountOfDevelopmentAndConstructionInProgress
1597000
CY2011Q4 alx Real Estate And Accumulated Depreciation Carrying Amount
RealEstateAndAccumulatedDepreciationCarryingAmount
1062208000
CY2011Q4 us-gaap Real Estate And Accumulated Depreciation Accumulated Depreciation
RealEstateAndAccumulatedDepreciationAccumulatedDepreciation
184873000
CY2010Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1050291000
CY2010 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
381000
CY2008Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
967975000
CY2009 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
3471000
CY2009Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1025234000
CY2011 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
14000
CY2011Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1062208000
CY2009 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
21622000
CY2009Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
132386000
CY2008Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
114235000
CY2009 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
3471000
CY2010 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
381000
CY2011 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
14000

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