Alexander's, Inc. ALX

ALX Company Overview

Alexander’s, Inc. (NYSE: ALX) is a real estate investment trust (REIT) focused primarily on owning, managing, leasing, and developing commercial properties in the New York metropolitan area. The company operates within the commercial real estate industry, with an emphasis on office, retail, and mixed-use properties concentrated in Manhattan and the surrounding region. Alexander’s generates most of its revenue through rental income from long-term leases, property management activities, and real estate development projects. Its asset base includes high-profile urban properties with exposure to luxury retail, office tenants, and mixed-use redevelopment opportunities.

The company traces its origins to a retail department store chain founded in 1928. Over time, Alexander’s transitioned away from retail operations and evolved into a real estate-focused enterprise. A major turning point occurred when Vornado Realty Trust became the company’s controlling shareholder and management partner, helping reposition Alexander’s as a specialized New York-focused REIT. The company’s strategic advantage is its ownership of irreplaceable urban real estate assets in densely populated and supply-constrained markets, particularly in Manhattan.