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Small, Vornado-controlled REIT owning a handful of well-located New York City-area office and retail properties.
Small, Vornado-controlled REIT owning a handful of well-located New York City-area office and retail properties.
Earns rent on long leases, with Bloomberg's headquarters tower on Lexington Avenue as the dominant tenant, alongside retail centres in Queens and an apartment tower. It has no employees of its own: Vornado manages, leases and develops the properties and charges fees for doing so.
Moat: narrow (scale, installed base). Irreplaceable Manhattan-area locations, though the portfolio is very small and concentrated.
Headquarters: Paramus, New Jersey, US · Founded: 1928 · Employees: 103
Size Alexander's (ALX) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $1.29B, the 2086th largest of 3,117 United States companies the cockpit tracks. Shares closed at $253.02 on 6 Nov 2026.
Performance Over six months the shares gained 2.9%, against -7.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 8.2% over the last twelve months (peer median +4.6%); the operating margin is 34.4% (peer median 41.1%).
Valuation It trades at 5.67× book value against a peer median of 1.04× (most expensive of 21).
Price implies The share price implies a return on equity of about 34.9%; Alexander's delivers 107.4%, so the price asks less than the business earns today.
Short interest Short interest is 5.7% of the free float (15 Oct 2026).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $233M | $213M | $226M | $225M | $206M |
| Revenue growth | — | -6% | +1% | +9% | — |
| Gross profit | $86.4M | $69.3M | $85.9M | $88.4M | $83.1M |
| EBITDA | $115M | $100M | $117M | $117M | $109M |
| Net income | $191M | $28.2M | $43.4M | $102M | $57.6M |
| Free cash flow | $53.3M | $73.4M | $54.1M | $109M | $103M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $837M | $851M | $1.01B | $1.11B | $1.11B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Alexander's ALX | $1.29B | +3% | +8% | 107% | 5.67× | 34.9% |
| Vornado Realty Trust VNO | $6.70B | +11% | +2% | 0% | 1.44× | 17.3% |
| SL Green Realty SLG | $3.88B | +11% | +9% | -3% | 1.12× | 14.6% |
| Empire State Realty OP LP Series ES ESBA | $1.46B | -6% | +2% | 5% | 0.84× | 10.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ALX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.8% | -0.8% | 4th highest of 21 |
| 6-month return | +2.9% | -7.9% | 3rd highest of 21 |
| Return on equity | 107.4% | 5.3% | highest of 20 |
| Price / book | 5.67× | 1.04× | most expensive of 21 |
| Trailing P/E | 6.8× | 16.8× | cheapest of 16 |
| ROE the price implies | 34.9% | 5.5% | most demanding of 21 |
| ROE delivered | 107.4% | 5.9% | highest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Alexander's ALX | United States | $1.29B | +3% | +8% | 107% | 5.67× | 34.9% | 107.4% |
| Centuria Industrial REIT CIP.AX | Australia | $1.28B | +1% | +6% | 6% | 0.74× | 9.5% | 6.4% |
| UMH Properties UMH | United States | $1.28B | -6% | +9% | 3% | 2.37× | 18.9% | 2.8% |
| American Assets Trust AAT | United States | $1.32B | +2% | -8% | 2% | 1.19× | 11.1% | 1.9% |
| Esr-reit 9A4U.SI | Singapore | $1.33B | -14% | +5% | 1% | 0.84× | 5.5% | 0.8% |
| Piedmont Realty Trust PDM | United States | $1.23B | +18% | +3% | -6% | 0.85× | 10.5% | -5.9% |
| Hulic Reit 3295.T | Japan | $1.23B | -17% | +5% | 6% | 0.96× | 4.6% | 5.9% |
| Mitsui Fudosan Retail Fund Investment 8964.T | Japan | $1.23B | -16% | -6% | 7% | 1.10× | 4.6% | 6.8% |
| Comforia Residential REIT 3282.T | Japan | $1.36B | -20% | +17% | 6% | 1.27× | 5.1% | 6.3% |
| AEON REIT Investment 3292.T | Japan | $1.36B | -19% | +1% | 5% | 0.89× | 4.1% | 5.3% |
| Mori Hills Reit Investment 3234.T | Japan | $1.36B | -14% | -1% | 6% | 1.07× | 4.5% | 5.9% |
| Daiwa Securities Living Investment 8986.T | Japan | $1.22B | -25% | +42% | 7% | 1.02× | 5.4% | 7.1% |
| Fortune Real Estate Investment Trust 0778.HK | Hong Kong | $1.19B | -11% | -9% | 0% | 0.37× | 4.5% | -0.3% |
| CNAMC China Resources Commercial Asset Closed Infrastructure Real Estate Investment Trust 180601.SZ | China | $1.41B | -6% | n/a | n/a | 1.51× | 4.4% | n/a |
| Lendlease Global Commercial REIT JYEU.SI | Singapore | $1.44B | -3% | +4% | 5% | 0.78× | 4.4% | 5.1% |
| Emperador Properties SOCIMI YEPSA.MC | Spain | $1.44B | +14% | +7% | -2% | 2.84× | 10.5% | n/a |
| LaSalle LOGIPORT REIT 3466.T | Japan | $1.45B | -10% | +71% | 6% | 1.19× | 4.8% | 6.2% |
| Centurion Accommodation REIT 8C8U.SI | Singapore | $1.45B | -3% | -69% | 1% | 1.22× | 6.0% | n/a |
| Ellington Financial EFC | United States | $1.45B | -17% | +30% | 12% | 0.82× | 8.6% | 12.3% |
| Empire State Realty OP LP Series ES ESBA | United States | $1.46B | -6% | +2% | 5% | 0.84× | 10.8% | n/a |
| CBL & Associates Properties CBL | United States | $1.46B | 0% | +9% | 61% | 3.43× | 33.7% | 60.6% |