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home / news releases / VNO - Alexander's: A Lot Of Risks For A Small Discount

VNO - Alexander's: A Lot Of Risks For A Small Discount

Vornado Realty Trust

2024-01-29 18:27:12 ET

Summary

  • Alexander's, Inc. is a REIT that owns and manages 5 retail properties in New York City.
  • The REIT's operating performance is concerning, with low occupancy rates and minimal revenue growth.
  • There are also risks associated with portfolio concentration, significant tenant dependency, and upcoming mortgage maturities.
  • Additionally, the dividend is in danger and the current discount to NAV is unattractive.

Alexander's, Inc. ( ALX ), founded in 1928 and headquartered in Paramus, NJ, is a REIT that owns, (re)develops, leases, and manages 5 retail properties in New York City through its manager, Vornado Realty Trust ( VNO )....

For further details see:

Alexander's: A Lot Of Risks For A Small Discount
Stock Information
Company Name: Vornado Realty Trust
Stock Symbol: VNO
Market: NYSE
Website: vno.com
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