Alexander's, Inc.: Business Overview, Financials & Competitive Analysis
Alexander's, Inc. scores 5/10 on the AskCyborg Cyborg Score (Mixed). NYC-focused REIT with iconic properties but challenged by declining earnings and dividend sustainability concerns. Alexander's operates premium NYC real estate with strong asset positioning but faces headwinds from declining FFO and net income. The company is up year-to-date but dividend coverage has slipped to 90%, down from 111% a year.
What is Alexander's, Inc.'s industry? Alexander's, Inc. (alx-inc.com) operates in Real Estate Investment Trusts (REITs) - Commercial Property. AskCyborg classifies Alexander's, Inc. under Real Estate Investment Trusts (REITs) - Commercial Property in its company registry.
Alexander's, Inc. is a real estate investment trust (REIT) engaged in leasing, managing, developing and redeveloping properties. The company operates five properties in the greater New York City metropolitan area incl...
Cyborg Score thesis
NYC-focused REIT with iconic properties but challenged by declining earnings and dividend sustainability...
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Get Current Report FreeAlexander's, Inc. Overview
Pro stress-test →Alexander's, Inc. is a real estate investment trust (REIT) engaged in leasing, managing, developing and redeveloping properties. The company operates five properties in the greater New York City metropolitan area including 731 Lexington Avenue office and retail, the Rego Center complex in Queens, and properties in Flushing.
Strategic Profile
Pro stress-test →Alexander's activities are conducted through its manager, Vornado Realty Trust. The company maintains a concentrated New York City portfolio generating income from tenant leasing, parking, and services. Recent financial results show declining earnings with dividend coverage pressures.
Competitive Landscape
Pro stress-test →Alexander's competes in the NYC commercial real estate market against larger diversified REITs and other NYC-focused property owners. The company's premium asset locations (including Bloomberg headquarters at 731 Lexington) provide differentiation but face competition from modern developments and changing office/retail dynamics.
Industry Context
Alexander's, Inc. operates in Real Estate Investment Trusts (REITs) - Commercial Property.
Key facts
Headquarters: Paramus, NJ · Revenue: $106.5M