Added to YB: 2025-05-15
Pitch date: 2025-05-12
ALX [neutral]
Alexander's, Inc.
+17.24%
current return
Author Info
Contrarian Cashflows publishes a monthly deep dive on a new value stock. Sign up for the newsletter.
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
$203.22
Price Target
N/A
Dividend
7.70%
EV/EBITDA
18.72
P/E
42.55
EV/Sales
8.99
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)