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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

Post by UppersDownerson Apr 13, 2017 4:09pm
210 Views
Post# 26120330

We Dropped Almost 9% Since Monday

We Dropped Almost 9% Since Mondayeven though oil was up during the week. There has always been talk how undervalued SPE,TVE,SGY and others have been yet we get sold down the river. Very frustarting to see us at $2.56 with oil at $53 and the CEO says that at $45 oil we can be a growing company and each $5 jump in WTI price adds $40 million to F/CF so we are doing great. Now it is time for SPE to do its job and head back over $3 at least. 
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