ALEXANDERS REIT INC (ALX)
Real Estate · Office and retail REIT · NYSE
A New York City-focused real estate investment trust managing five premium office, retail, and residential properties, including the iconic 731 Lexington Avenue headquarters of Bloomberg.
What ALEXANDERS REIT INC does
Alexander's, Inc. is a real estate investment trust engaged in leasing, managing, developing, and redeveloping properties. The company owns five properties concentrated in New York City: 731 Lexington Avenue (a 1.08-million-square-foot multi-use office and retail building), Rego Park I and II shopping centers in Queens, the Flushing building subleased to New World Mall, and The Alexander apartment tower with 312 residential units. The company is managed by Vornado Realty Trust, which handles leasing, development, and operations; Vornado owned 32.4% of Alexander's common stock as of December 31, 2025.
Themes: ["office real estate / corporate headquarters"]
Fundamentals
- Price$271.66 as of 2026-07-09 close
- Market cap$1.4B as of 2026-07-10
- 1-year return+17.9% as of 2026-07-09 close
- P/E67.32 as of 2026-07-10
- Net margin+9.7% as of 2026-07-10
- Gross margin+47.0% as of 2026-07-10
- ROE+17.4% as of 2026-07-10
- Debt / equity9.17 as of 2026-07-10
- Revenue growth (YoY)-3.7% as of 2026-07-10
- Revenue CAGR (3y)+1.2% SEC XBRL
- Beta0.74 as of 2026-07-10
Dividend: yield +6.6%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
[]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.