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

Aerial_Views/iStock via Getty Images Alexander's, Inc. (NYSE: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). The REIT's operating performance is concerning and there are many risks here, with a potential dividend cut being the most important one for those interested in the yield. At the same time, it's not trading as low as I'd expect which makes it a no-go ...