Alexander's (ALX)
Owns a compact New York property portfolio managed by Vornado.
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Owns four greater New York City properties spanning 731 Lexington Avenue, Rego Center, apartments, and Flushing retail. Rental income is concentrated in 731 Lexington and Bloomberg, while Vornado handles management, leasing, and development.
Owns a compact set of greater New York City real estate assets: 731 Lexington Avenue in Manhattan, Rego Center and The Alexander in Queens, plus a Flushing retail property. The business reports one property leasing, management, development, and redevelopment segment.
Vornado Realty Trust manages the portfolio, including leasing and development work. The operating model is asset ownership rather than a standalone management platform, with property-level staff supporting cleaning, engineering, parking, and security.
Rental income depends heavily on 731 Lexington Avenue and Bloomberg's office lease. The post-sale portfolio reflects the disposal of Rego Park I, leaving a narrower New York-area REIT whose economics are shaped by tenant concentration, external management, and local property demand.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 21, 2026 | Piper Sandler | Reiterate | Rating: —Target: $125 | Target: $212 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $358.3M · Total debt $856.6M · Total assets $1.20B · Shareholders' equity $223.6M
- Revenue
- $54.7M
- Operating income
- $16.5M
- Net income
- $155.4M
HistoryDividendAnnual yield
| Institutions | ≈ 39.73% | 2.03M shares | |
|---|---|---|---|
| 156 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.02% | 900 shares | |
| 1 holder · as of Jun 10, 2026 | |||
| Other | ≈ 60.25% | 3.08M shares | |
| remainder | |||
5.11M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 4.50% | 229,594 | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.70% | 188,948 | as of Jun 30, 2026 |
Morgan StanleyInstitution | 3.20% | 163,373 | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 3.08% | 157,142 | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 2.63% | 134,082 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 9, 2026 | Russell B. Jr Wight | director, 10 percent owner: | −423 | $267.00 |
- SL Green Realty
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- Equity Residential
Large apartment REIT with a New York portfolio
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alexander's | $249.00 | +0.64% | $1.26B | 7.5 | 22.8 | 5.9 | +6.1% |
| SL Green Realty | $52.43 | −0.97% | $3.77B | — | — | 3.6 | +16.5% |
| Vornado Realty Trust | $35.66 | +0.22% | $6.69B | 1,074.9 | — | 3.7 | +4.7% |
| Empire State Realty Trust | $4.12 | −0.60% | $709.8M | — | — | 0.9 | +3.0% |
| BXP | $63.81 | −0.51% | $10.23B | 34.5 | 31.1 | 2.9 | +3.1% |
| Kimco Realty | $22.52 | −0.09% | $15.19B | 25.3 | 26.3 | 6.9 | +4.9% |
| Urban Edge Properties | $20.07 | +0.33% | $2.52B | 37.4 | 45.2 | 5.1 | +7.7% |
| Acadia Realty Trust | $19.43 | +0.41% | $2.66B | 56.1 | 61.7 | 6.6 | −7.2% |
| Equity Residential | $62.26 | +1.46% | $23.01B | 26.9 | 40.2 | 7.3 | +2.1% |
| Median | 35.9 | 40.2 | 4.4 | +3.9% |