251.74
-0.51%
Close of 9 Nov 2026, in USD
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About Alexanders
From its filings with the US Securities and Exchange Commission
Alexanders is based in Paramus, New Jersey and is incorporated in Delaware. Its shares trade on NYSE under the ticker ALX. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $213.2m and net income of $28.2m. At that date it held total assets of $1.11bn and shareholders' equity of $109.2m.
We are managed by, and our properties are leased and developed by, Vornado, pursuant to various agreements which expire in March of each year and are automatically renewable. Vornado is a fully-integrated REIT with significant experience in managing, leasing, developing, and operating office and retail properties.
As of December 31, 2025, Vornado owned 32.4% of our outstanding common stock. Steven Roth is the Chairman of our Board of Directors and Chief Executive Officer, the Managing General Partner of Interstate Properties (“Interstate”), a New Jersey general partnership, and the Chairman of the Board of Trustees and Chief Executive Officer of Vornado. As of December 31, 2025, Mr. Roth, Interstate and its other two general partners, David Mandelbaum and Russell B. Wight, Jr. (who are also directors of the Company and trustees of Vornado) owned, in the aggregate, 26.0% of our outstanding common stock, in addition to the 2.3% they indirectly own through Vornado.
Bloomberg accounted for revenue of $129,317,000, $125,349,000 and $120,351,000 in the years ended December 31, 2025, 2024 and 2023, respectively, representing approximately 61%, 55% and 54% of our rental revenues in each year, respectively. No other tenant accounted for more than 10% of our rental revenues. If we were to lose Bloomberg as a tenant, or if Bloomberg were to be unable to fulfill its obligations under its lease, it would adversely affect our results of operations and financial condition.
Quoted from its 10-K, filed 9 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Retail REITs
- Listed since
- 19 Jul 1984
- Employees
- 103
- Website
- alx-inc.com ↗
- Head office
- 210 ROUTE 4 EAST, PARAMUS, NJ, 07652
- Incorporated in
- DE
- Classification
- Real Estate Investment Trusts
- Filer status
- Accelerated filer
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Alexanders Inc has five properties in the greater New York City metropolitan area including 731 Lexington Avenue.
- The Rego Center complex in Rego Park, Queens, features retail properties and The Alexander apartment tower.
- Alexander's Inc. manages properties with major tenants like Bloomberg, L.P. in New York City.
Weaknesses
- Alexander's Inc. has only 103 employees for its five properties in New York City.
- The company's business is concentrated in the New York City metropolitan area.
- Vornado Realty Trust manages Alexander's activities, reducing direct control.
Opportunities
- Expanding property development in the New York City metropolitan area offers growth potential.
- The Rego Center complex in Rego Park, Queens, provides opportunities for retail expansion.
- Bloomberg, L.P. as a tenant supports long-term lease stability.
Threats
- Vornado Realty Trust's management of Alexander's activities could lead to conflicts of interest.
- The New York City metropolitan area faces economic volatility affecting real estate.
- Overreliance on the New York City market poses significant risk to the company.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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