Plutux
$265.70
+0.26%
2026-09-03 12:21:19 EDT+$0.69
Real Estate
REIT - Retail
NYSE
Active Trading

Alexander’s, Inc. is a real estate investment trust (REIT) engaged in leasing, managing, developing and redeveloping properties. Alexander’s activities are conducted through ...

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$265.70
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Alexander's, Inc. is a publicly traded real estate investment trust, or REIT, headquartered in Paramus, New Jersey. The company traces its origins to 1928, when it was established as a New York department-store business by George Farkas and Louis Schwadron. Although its historical identity was associated with retail stores, its ...Alexander's, Inc. is a publicly traded real estate investment trust, or REIT, headquartered in Paramus, New Jersey. The company traces its origins to 1928, when it was established as a New York department-store business by George Farkas and Louis Schwadron. Although its historical identity was associated with retail stores, its present-day business is focused primarily on owning and operating commercial real estate in the broader New York City metropolitan region. The company owns a highly concentrated portfolio of seven properties. Its assets include prominent office, retail, and mixed-use real estate, with 731 Lexington Avenue in Manhattan being one of its best-known properties. The portfolio's concentration in the New York metropolitan area gives Alexander's exposure to a high-value, supply-constrained real estate market, but it also creates geographic and tenant-concentration risk. Alexander's activities include leasing space to tenants, managing properties, developing new projects, and redeveloping or repositioning existing assets. Day-to-day management is conducted through Vornado Realty Trust, a major real estate company and a significant strategic relationship for Alexander's. Alexander's does not operate a conventional manufacturing or product business. Consequently, traditional product costs, bill of materials, research and development, and inventory metrics are generally not meaningful for evaluating the company. Its principal cost structure typically relates to property operating expenses, real estate taxes, maintenance, utilities, insurance, repairs, redevelopment spending, professional services, interest expense, and corporate administration. Capital expenditures are directed toward maintaining, improving, leasing, and redeveloping properties rather than producing physical goods. Based on the supplied trailing-twelve-month data, Alexander's reported approximately $1.41 billion in market capitalization and approximately $1.89 billion in enterprise value. The data indicates a debt-to-assets ratio of about 69.4%, a debt-to-equity ratio of approximately 3.73, and an enterprise-value-to-EBITDA multiple of about 7.42. The company also showed a trailing dividend yield of approximately 6.5%, with dividend payments of $18 per share in the supplied data. These figures should be interpreted in the context of REIT accounting, where funds from operations, adjusted funds from operations, occupancy, rental income, lease maturities, and property-level net operating income are often more informative than standard industrial-company earnings measures. Steven Roth serves as chairman and chief executive officer. Alexander's had approximately 103 full-time employees in the supplied company profile, while Vornado Realty Trust provides important management and operating capabilities. Key investment considerations include the quality and location of the properties, tenant demand for Manhattan and metropolitan New York office and retail space, refinancing requirements, interest rates, redevelopment opportunities, dividend sustainability, and the company's ability to preserve or increase property cash flows. Overall, Alexander's is best characterized as a small, specialized, asset-heavy REIT with a valuable but concentrated New York-area real estate portfolio rather than as a traditional retail operating company.
Founded
1928
Employees
103
CEO
Steven Roth
Full Name
Alexander's, Inc.
Sector
Real Estate
Industry
REIT - Retail
ROE
123.09%
Market Cap
$1.36B
Current Ratio
16.17
WACC
6.98%
ROIC
49.65%

Contact Information

201-587-8541
210 Route 4 East, Paramus, NJ 07652-5108

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