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 > More pain to come?

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Comment by YodaLayhehooon Jun 08, 2017 5:20pm

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Post# 26342380

RE:RE:RE:RE:RE:More pain to come?

There's one bad report and the market has a heart attack. Lower oil prices have helped this company because of their balence sheet and low cost they've been able to buy some really good assets at the bottom price of the market. The only reason you wouldn't grab and hold some of these oil stocks with good balence sheets is if you believe oil is done something is going to replace it but we're far from that happening anytime soon although I belive this generation will see it happen when they're grandpa's.

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