NYSE:ALXRetail REITs
Alexander's Balances Weaker Earnings With Buybacks And Rising New York Occupancy
Alexander's Inc. (NYSE:ALX) reported lower quarterly and full year net income and funds from operations.
Management highlighted improving New York office occupancy as a key operational development.
The CEO pointed to share buybacks as a current priority, reflecting views on the stock's valuation.
For investors watching real estate investment trusts, Alexander's sits in an interesting spot. The stock trades at $230.02 and is up 25.6% over the past year and 29.0% over the past three years,...