COMP <GO>

ALX vs UMH // ALTMAN Z-SCORE & DEBT/EQUITY

Alexander's Inc. (NYSE) VS. UMH Properties Inc. (NYSE) • 15-METRIC TALLY: ALX 4 — UMH 4

■ METRIC PARITY

LAST: $249.06 (+0.46%) • MKT CAP: $1.27B

balance-sheet

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LAST: $15.21 (+1.54%) • MKT CAP: $1.30B

balance-sheet

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ALX VS. UMH) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ALX	UMH	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	25.90%	0.70%	+25.20	ALX	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	5.77%	6.31%	-0.54	UMH	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	13.20%	2.30%	+10.90	ALX	/net-margins <GO>
Revenue Growth (YoY)	-5.80%	8.80%	-14.60	UMH	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	7.27%	5.48%	+1.79	ALX	/dividend-safety <GO>
Altman Z-Score & Debt/Equity ACTIVE	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	6/9	-2.00	UMH	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	59.8	45.6	+14.21	ALX	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	41.9x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.27B	$1.30B	-$26.7M	UMH	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ALX REV	UMH REV	ALX GROSS %	UMH GROSS %	ALX FCF	UMH FCF
FY 2025	$213.2M	$261.8M	—	—	$73.4M	$82.0M
FY 2024	$226.4M	$240.6M	—	—	$54.1M	$81.6M
FY 2023	$225.0M	$220.9M	—	—	$109.1M	$120.1M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ALX // BETA —

UMH // BETA —