Alexander's, Inc. ALX

Company Overview

Alexander’s, Inc. is a publicly traded real estate investment trust (REIT) that owns, manages, leases, and develops commercial real estate properties, primarily in New York City. The company operates within the commercial real estate and REIT industries, with a focus on high-value urban assets. Its core objective is to maximize long-term shareholder value through the ownership of strategically located properties that benefit from strong demand, zoning advantages, and redevelopment potential.

The company’s primary revenue driver is rental income generated from a small but concentrated portfolio of office, retail, and mixed-use properties. Alexander’s, Inc. is uniquely positioned due to its close strategic relationship with Vornado Realty Trust, which serves as its external manager and controls a majority of its voting power. Founded in 1929 as a retail department store business, Alexander’s transitioned over time into a real estate-focused company, ultimately becoming a REIT and exiting traditional retail operations to concentrate exclusively on property ownership and leasing.