Alexander's Inc V.ALX

Primary Symbol: ALX

Real Estate REIT - Retail

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 > Scotia's View

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Comment by pppon Apr 17, 2018 11:26am

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Post# 27897538

RE:RE:Scotia's View

IMO, even if they didn't merge their share price would not show the true value of the company. You can see this in the lack of confidence in the Canadian energy market. I can see these guys at 9 dollars equivalent as a part of VET sooner than on their own.

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