ALX vs CUZ vs VNO Stock Comparison

Alexanders, Cousins Properties and Vornado Realty Trust Prices as of Oct 27, 2026 Peers: Industry group
ALX Alexanders Inc
$248.95 +0.5% 1M +5.2% 1Y
Market cap
$1.28B
P/E
7.5x
Revenue (TTM)
$214.80M
Div. yield
0.07%
Office REITs Real Estate
6 wins
CUZ Cousins Properties Inc
$28.86 +0.7% 1M +8.0% 1Y
Market cap
$4.68B
P/E
728.7x
Revenue (TTM)
$1.03B
Div. yield
0.05%
Office REITs Real Estate
3 wins
VNO Vornado Realty Trust
$34.33 -1.1% 1M -12.4% 1Y
Market cap
$6.42B
P/E
1,110x
Revenue (TTM)
$1.83B
Div. yield
–
Office REITs Real Estate
2 wins

Head to Head

11 decided of 12

Alexanders leads on 6 of the 12 questions below (Alexanders 6, Cousins Properties 3, Vornado Realty Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALXCUZVNOLeader
Larger companyMarket capitalisation $1.28B $4.68B $6.42B VNO
Cheaper on earningsLower P/E, profitable companies only 7.5x 728.7x 1,110x ALX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.5x 137.4x — ALX
Faster revenue growthRevenue growth, trailing twelve months -1.5% +11.9% +1.4% CUZ
More profitableNet margin, trailing twelve months 79.1% 0.6% 0.3% ALX
Better return on capitalReturn on invested capital — — 2.3% –
Less leveragedLower net debt / EBITDA — 34.6x 7.1x VNO
Higher dividend yieldTrailing dividend yield 0.07% 0.05% 0.00% ALX
Better 1-year returnPrice return, last 12 months +5.2% +8.0% -12.4% CUZ
Better 5-year returnAnnualised price return, 5 years -2.5%/yr -6.3%/yr -4.6%/yr ALX
Less volatileAnnualised volatility, 1 year 27.9% 27.1% 32.7% CUZ
Higher overall scoreMean of the five percentile scores vs peers 36/100 29/100 29/100 ALX

Percentile Scorecard

ALXCUZVNO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisALXCUZVNO
Valuation 33 #98 of 145 30 #102 of 145 24 #111 of 145
Growth 33 #95 of 141 29 #101 of 141 13 #123 of 141
Profitability 46 #73 of 134 31 #93 of 134 38 #84 of 134
Financial Health 10 #125 of 138 37 #88 of 138 33 #93 of 138
Shareholder Returns 59 #55 of 131 19 #106 of 131 39 #81 of 131
Overall 36 29 29
  • ALX ranked among 149 companies in Property REITs
  • CUZ ranked among 149 companies in Property REITs
  • VNO ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodALXCUZVNOSPY
1 month +0.5%+0.7%-1.1% -0.2%
3 months -7.4%-9.0%-14.3% +3.9%
6 months -0.1%+12.7%+13.3% +8.2%
Year to date +14.2%+11.9%+3.2% +12.9%
1 year +5.2%+8.0%-12.4% +12.3%
3 years +38.9%+61.4%+75.8% +87.4%
3 years, per year +11.6%+17.3%+20.7% +23.3%
5 years -11.9%-27.6%-21.0% +67.9%
5 years, per year -2.5%-6.3%-4.6% +10.9%
10 years -35.1%-6.2%-53.7% +261.1%
10 years, per year -4.2%-0.6%-7.4% +13.7%

Risk

MeasureALXCUZVNOSPY
Volatility, 1Y 27.9%27.1%32.7% 12.7%
Downside volatility, 1Y 30.4%28.8%33.5% 12.7%
Beta vs S&P 500, 1Y 0.230.590.99 1.00
Return / volatility, 1Y 0.190.30-0.38 0.97
Max drawdown, 5Y -44.5%-58.2%-73.6% -25.4%
From 52-week high -13.1%-10.7%-16.1% -1.2%
52-week high $286.59$32.30$40.91 $779.14
52-week low $205.15$21.34$24.71 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleALXCUZVNO
P/E now vs peer median 7.5xmedian 26.3x 739.2xmedian 26.3x 1,112xmedian 26.3x
P/S now vs peer median 5.9xmedian 4.0x 4.6xmedian 4.0x 3.5xmedian 4.0x
EV/EBITDA now vs peer median —median 14.4x 78.6xmedian 14.4x 13.8xmedian 14.4x
P/FCF now vs peer median 87.5xmedian 23.3x -12.8xmedian 23.3x -15.4xmedian 23.3x
P/B now vs peer median 5.7xmedian 1.3x 1.1xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median 0.42median 1.91 -11.21median 1.91 42.32median 1.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsALXCUZVNO
Revenue $214.80M $1.03B $1.83B
Gross profit – $704.58M –
Operating income – -$322.93M –
Net income $169.82M $6.88M $49.20M
Free cash flow $14.53M -$369.91M -$416.33M
EPS (diluted) $33.05 $0.04 $0.03
Cash & equivalents $303.31M $6.70M $675.35M
Total debt $3.48B $3.73B $7.44B
Shares (diluted) 5.14M 165.29M 194.20M
Enterprise value $482.07M $4.66B $2.81B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricALXCUZVNO
P/E 7.5x 739.2x 1,112x
P/FCF 87.5x -12.8x -15.4x
P/Operating cash flow 46.8x 11.0x 16.4x
P/S 5.9x 4.6x 3.5x
P/B 5.7x 1.1x 1.1x
P/Tangible book 5.7x 1.1x 1.1x
EV/EBITDA – 78.6x 13.8x
EV/EBIT – -26.2x 32.8x
EV/Revenue 8.4x 8.2x 7.2x
EV/FCF 124.1x -22.9x -31.7x
EV/Operating cash flow 66.4x 19.6x 33.7x
PEG (3Y EPS CAGR) 0.42 -11.21 42.32

Growth

14 metrics
MetricALXCUZVNO
Revenue growth (1Y) -1.5% 11.9% 1.4%
Revenue CAGR (3Y) 0.2% 9.1% 0.1%
Gross profit growth (1Y) – 11.0% –
Gross profit CAGR (3Y) – 10.2% –
Operating income growth (1Y) – -45.3% –
Operating income CAGR (3Y) – -21.9% –
Net income growth (1Y) 354.2% -88.7% -94.6%
Net income CAGR (3Y) 17.9% -64.2% 28.4%
EPS growth (1Y) 354.0% -89.1% -99.3%
EPS CAGR (3Y) 17.8% -65.9% 26.3%
Operating cash flow growth (1Y) -68.1% 4.4% -71.9%
Operating cash flow CAGR (3Y) -28.8% 5.4% -19.3%
Free cash flow growth (1Y) -74.4% 47.5% -145.3%
Free cash flow CAGR (3Y) -38.2% -98.0% -66.0%

Profitability

14 metrics
MetricALXCUZVNO
Gross margin – 68.1% –
EBITDA margin – 10.4% 52.0%
Operating margin – -31.2% –
Pretax margin – -48.2% 2.9%
Net margin 79.1% 0.6% 0.3%
FCF margin 6.8% -35.7% -22.8%
Operating cash flow margin 12.6% 41.7% 21.4%
Return on equity – 0.2% 0.7%
Return on assets – 0.1% 0.3%
Return on invested capital – – 2.3%
Return on capital employed – – –
Asset turnover 0.2x 0.1x 0.1x
Cash conversion (OCF / net income) 0.2x 62.8x 7.9x
Stock comp / revenue – 1.6% 1.4%

Financial Health

11 metrics
MetricALXCUZVNO
Debt / assets 69.4% 41.3% 47.7%
Debt / equity 3.7x 0.8x 1.2x
Net debt / EBITDA – 34.6x 7.1x
Debt / FCF 57.4x -10.1x -17.9x
Liabilities / assets 81.4% 50.3% 61.8%
Equity / assets 18.6% 49.7% 38.2%
Interest coverage – -1.8x 1.2x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricALXCUZVNO
Dividend yield 7.2% 4.4% 2.2%
Net buyback yield – – 2.1%
Shareholder yield 7.2% 4.4% 4.2%
Payout ratio (earnings) 54.4% 3,132% –
Payout ratio (FCF) 636.3% -58.2% –
Dividend growth (1Y) 0.0% 4.8% –
Dividend CAGR (3Y) 0.1% 3.2% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusALXCUZVNO
Forward P/E 29.5xFY2027 137.4xFY2026 –
EPS, next fiscal year $8.44FY2027 $0.21FY2026 $-0.40FY2026
EPS growth, next FY -31.2%FY2027 -12.5%FY2026 -109.5%FY2026
EPS growth, the year after – +128.6% –
Revenue, next fiscal year $259.67MFY2026 $1.04BFY2026 $1.78BFY2026
Revenue growth, next FY +21.8%FY2026 +5.6%FY2026 -1.9%FY2026
Revenue growth, the year after -8.1% +10.4% +24.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALXCUZVNO
Held by institutions 38.9% 100.0% 99.2%
Institutions holding 153 393 433
Change in shares held, QoQ +2.7% +0.6% +14.6%
Institutions buying 71 200 233
Institutions selling 50 139 126
Buyers to sellers 1.42 1.44 1.85

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ALXCUZVNO
ALX 1.00 0.37 0.43
CUZ 0.37 1.00 0.72
VNO 0.43 0.72 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALX, CUZ and VNO?

Vornado Realty Trust (VNO) is the largest by market capitalisation: Alexanders (ALX) $1.28B, Cousins Properties (CUZ) $4.68B, Vornado Realty Trust (VNO) $6.42B.

Which stock is cheaper, ALX, CUZ and VNO?

Alexanders (ALX) trades on the lowest price-to-earnings ratio (Alexanders (ALX) 7.5x, Cousins Properties (CUZ) 728.7x, Vornado Realty Trust (VNO) 1,110x). On next year's consensus earnings, Alexanders (ALX) is cheapest (Alexanders (ALX) 29.5x, Cousins Properties (CUZ) 137.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cousins Properties (CUZ) grew revenue fastest over the trailing twelve months: Alexanders (ALX) -1.5%, Cousins Properties (CUZ) +11.9%, Vornado Realty Trust (VNO) +1.4%.

Which company is more profitable?

Alexanders (ALX) has the highest net margin (Alexanders (ALX) 79.1%, Cousins Properties (CUZ) 0.6%, Vornado Realty Trust (VNO) 0.3%).

Which stock has performed better?

Over the past year Cousins Properties (CUZ) returned the most: Alexanders (ALX) +5.2%, Cousins Properties (CUZ) +8.0%, Vornado Realty Trust (VNO) -12.4%. Over five years, Alexanders (ALX) compounded fastest (Alexanders (ALX) -2.5%/yr, Cousins Properties (CUZ) -6.3%/yr, Vornado Realty Trust (VNO) -4.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Alexanders (ALX) has the highest dividend yield: Alexanders (ALX) 0.07%, Cousins Properties (CUZ) 0.05%, Vornado Realty Trust (VNO) 0.00%. Vornado Realty Trust (VNO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Cousins Properties (CUZ) has been the steadiest (Alexanders (ALX) 27.9%, Cousins Properties (CUZ) 27.1%, Vornado Realty Trust (VNO) 32.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALX, CUZ and VNO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Alexanders (ALX) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.