Alexander’s, Inc. (NYSE: ALX) is a New York–based real estate investment company specializing in the ownership, management and leasing of commercial properties across the New York metropolitan area. Its core portfolio consists of premier office towers, retail centers and mixed-use developments in Manhattan and suburban markets. The company derives rental income from long-term leases with leading corporate tenants, retail operators and residential partners.
Key assets in Alexander’s portfolio include office buildings in Midtown Manhattan, neighborhood shopping centers in Westchester County and mixed-use properties combining retail, office and residential components. Properties are managed through the company’s wholly owned subsidiaries, which oversee day-to-day leasing, property maintenance and capital improvements. This integrated platform allows Alexander’s to capture value through both rental revenues and active asset management strategies.
Founded in 1928 by George Farkas Alexander as a department store operator, Alexander’s transitioned into real estate ownership in the late 20th century after divesting its retail operations. Over decades of real estate investment, the company has built a concentrated portfolio anchored in high-barrier markets where its properties benefit from strong foot traffic, established tenant relationships and barriers to new supply. This strategic focus on core urban and suburban corridors has driven steady occupancy rates and recurring cash flows.
Alexander’s remains closely held by the founding family, with a board of directors comprising members of the Alexander family alongside independent real estate and finance professionals. Under the leadership of Chairman David A. Alexander and President & CEO Robert P. Alexander, the company pursues selective new investments, targeted property upgrades and disciplined capital allocation. Its governance structure emphasizes long-term value creation, conservative leverage and alignment of interests among shareholders, management and tenants.
