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 > SPE has very high ARO which implies garbage wells

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Comment by George98on Apr 18, 2018 3:27am

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Post# 27902591

RE:RE:SPE has very high ARO which implies garbage wells

Blegenfell, see SPE's and CJ's annual report on Sedar.

ARO are shown as Decommissioning obligations on the balance sheet.

See also that SPE was sold for approximately $60,000 per flowing barrel and about $12 per boe of 2P reserves.

For such garbage wells with so high liabilities, these key metrics are very fair. Very fair.

The clueless and incompetent fund managers who ignored these key metrics and loaded SPE last year lost their shirt. They got what they deserve.

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