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 > BMO comment this AM

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Comment by oilyexecon Apr 16, 2018 10:45am

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RE:RE:BMO comment this AM

No sweeteners unless a white knight appears. Institutions hold the majority of shares. I think most of the oil patch is fearful of shareholder reaction to high premium deals. This one should fly. CPG would be a good fit but there a@@ is burning at both ends these days.

I just bought 7000 shares for fun. Maybe I'll be crying in a few weeks....or maybe not.

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