Added to YB: 2025-05-15
Pitch date: 2025-05-12
ALX [neutral]
Alexander's, Inc.
+15.94%
current return
Author Info
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Company Info
Alexander’s, Inc. is a real estate investment trust (REIT) engaged in leasing, managing, developing and redeveloping properties.
Market Cap
$1.2B
Pitch Price
$215.67
Price Target
N/A
Dividend
7.93%
EV/EBITDA
19.91
P/E
56.63
EV/Sales
9.15
Sector
Retail REITs
Category
dividend
Monday Delight: 12/05/25 - Alexander's, Inc.
ALX (quick overview): NYC REIT w/ 5 premium properties (2.5M sq ft), managed by Vornado. Bloomberg HQ lease at 731 Lexington generates ~$100M annual net income (10% yield) on its own. 8.7% dividend yield. Management acknowledges stock undervalues irreplaceable NYC assets and plans action.
Read full article (1 min)