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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.


NYSE:ALX - Post by User

Bullboard Posts
Post by rockynorthon Mar 22, 2014 8:15pm
318 Views
Post# 22356370

Pipedreams

PipedreamsI don't see a lot of potential here except for a lot of hype.  I don't think anyone has come up with an economic way to drill carbonate reservoirs.   The Austin chalk in Texas proved that.  The Viking at Dodsland is questionable economics.  There is some reasonable upside on the Alexander properties and they have just drilled tree wells in the last 3 weeks.  Results unknown. With no dividend remaining I can think of other companies that look much better in the same price range.
Bullboard Posts