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 > Spe would be 7.50+ today if not for crooked management

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Comment by QedYYC90on May 18, 2018 12:56pm

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Post# 28053228

RE:RE:Spe would be 7.50+ today if not for crooked management

I believe it's two parts.

1. People around town are very convinced the deal will happen so that removes some uncertainty.
2. Brent vs WTI differential increasing, this is positive for VET being that 3/4 of their production is either Brent/Brent+ priced (Australia and Euro Oil, up 10.4% from april 16 vs wti 7.3% from april 16 ) or Brent linked (re: Europe gas pricing is often linked to brent prices, TTF up 9.1% since april 16). WTI/Brent Diff has gone from mid 2's -3's in late march/early april to around $7 today.

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