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Side-by-side financial comparison of ALEXANDERS INC (ALX) and MFA FINANCIAL, INC. (MFA). Click either name above to swap in a different company.

MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $53.3M, roughly 1.0× ALEXANDERS INC). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs -4.7%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% CAGR vs -6.9%).

Alexander's, Inc. is a real estate investment trust that owns 7 properties in New York metropolitan area, including 731 Lexington Avenue, the headquarters of Bloomberg L.P. It is controlled by Vornado Realty Trust. It was founded by George Farkas and Louis Schwadron in 1928.

MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.

ALX vs MFA — Head-to-Head

Bigger by revenue
MFA
MFA
1.0× larger
MFA
$55.5M
$53.3M
ALX
Growing faster (revenue YoY)
MFA
MFA
+14.0% gap
MFA
9.2%
-4.7%
ALX
Faster 2-yr revenue CAGR
MFA
MFA
Annualised
MFA
7.7%
-6.9%
ALX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALX
ALX
MFA
MFA
Revenue
$53.3M
$55.5M
Net Profit
Gross Margin
Operating Margin
97.9%
Net Margin
Revenue YoY
-4.7%
9.2%
Net Profit YoY
EPS (diluted)
$0.75
$0.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALX
ALX
MFA
MFA
Q4 25
$53.3M
$55.5M
Q3 25
$53.4M
$56.8M
Q2 25
$51.6M
$61.3M
Q1 25
$54.9M
$57.5M
Q4 24
$55.9M
$50.8M
Q3 24
$55.7M
$50.6M
Q2 24
$53.4M
$53.5M
Q1 24
$61.4M
$47.8M
Net Profit
ALX
ALX
MFA
MFA
Q4 25
Q3 25
$6.0M
$48.1M
Q2 25
$6.1M
$33.2M
Q1 25
$12.3M
$41.2M
Q4 24
Q3 24
$6.7M
$48.2M
Q2 24
$8.4M
$41.9M
Q1 24
$16.1M
$23.2M
Operating Margin
ALX
ALX
MFA
MFA
Q4 25
97.9%
Q3 25
84.5%
Q2 25
54.5%
Q1 25
70.0%
Q4 24
6.8%
Q3 24
98.2%
Q2 24
79.1%
Q1 24
50.7%
Net Margin
ALX
ALX
MFA
MFA
Q4 25
Q3 25
11.2%
84.7%
Q2 25
11.9%
54.2%
Q1 25
22.4%
71.6%
Q4 24
Q3 24
12.0%
95.2%
Q2 24
15.7%
78.4%
Q1 24
26.2%
48.5%
EPS (diluted)
ALX
ALX
MFA
MFA
Q4 25
$0.75
$0.43
Q3 25
$1.16
$0.35
Q2 25
$1.19
$0.21
Q1 25
$2.40
$0.31
Q4 24
$2.39
$-0.01
Q3 24
$1.30
$0.37
Q2 24
$1.63
$0.32
Q1 24
$3.14
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALX
ALX
MFA
MFA
Cash + ST InvestmentsLiquidity on hand
$128.2M
$213.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$109.2M
$1.8B
Total Assets
$1.1B
$13.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALX
ALX
MFA
MFA
Q4 25
$128.2M
$213.2M
Q3 25
$286.1M
$305.2M
Q2 25
$313.0M
$275.7M
Q1 25
$319.9M
$253.7M
Q4 24
$338.5M
$338.9M
Q3 24
$354.8M
$305.6M
Q2 24
$410.9M
$289.4M
Q1 24
$526.3M
$306.3M
Stockholders' Equity
ALX
ALX
MFA
MFA
Q4 25
$109.2M
$1.8B
Q3 25
$128.3M
$1.8B
Q2 25
$145.4M
$1.8B
Q1 25
$163.1M
$1.8B
Q4 24
$176.9M
$1.8B
Q3 24
$190.7M
$1.9B
Q2 24
$212.5M
$1.9B
Q1 24
$230.1M
$1.9B
Total Assets
ALX
ALX
MFA
MFA
Q4 25
$1.1B
$13.0B
Q3 25
$1.3B
$12.1B
Q2 25
$1.3B
$11.7B
Q1 25
$1.3B
$11.5B
Q4 24
$1.3B
$11.4B
Q3 24
$1.4B
$11.2B
Q2 24
$1.5B
$11.1B
Q1 24
$1.4B
$10.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALX
ALX
MFA
MFA
Operating Cash FlowLast quarter
$73.4M
$76.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALX
ALX
MFA
MFA
Q4 25
$73.4M
$76.2M
Q3 25
$-9.3M
$14.7M
Q2 25
$43.6M
$38.5M
Q1 25
$15.7M
$-14.6M
Q4 24
$54.1M
$200.1M
Q3 24
$-5.0M
$-11.3M
Q2 24
$11.5M
$46.5M
Q1 24
$16.8M
$53.5M
Cash Conversion
ALX
ALX
MFA
MFA
Q4 25
Q3 25
-1.55×
0.31×
Q2 25
7.12×
1.16×
Q1 25
1.28×
-0.35×
Q4 24
Q3 24
-0.75×
-0.23×
Q2 24
1.37×
1.11×
Q1 24
1.04×
2.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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