Alexander's Inc V.ALX

Primary Symbol: ALX

Alexander's, Inc. is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). It has five properties in New York City consisting of 731 Lexington Avenue, a 1,079,000 square foot multi-use building comprising the entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan; Rego Park I, a 338,000 square foot shopping center, is located on Queens Boulevard and 63rd Road in Queens; Rego Park II, a 616,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens; Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, and The Alexander apartment tower, located above its Rego Park II shopping center, contains 312 units aggregating 255,000 square feet.

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Alexander's Inc > Thanks to the ARX deal, SPE becomes an intermediate producer

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Post by George98on Nov 19, 2016 10:07am

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Post# 25484550

Thanks to the ARX deal, SPE becomes an intermediate producer

That was a good deal for SPE. SPE now becomes an intermediate producer. And ARX sells these assets because it needs money to invest and expand its Montney properties. This is what ARX has stated more than once in the previous quarterly reports.

The key metrics for this deal also imply that Zargon Oil (ZAR) is irrationally undervalued at C$0.70 because ZAR is also in the process of selling similar EOR and oil-weighted assets.

This is the time for the value investors. glta.

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