Alexander's, Inc. · Paramus, NJ United States ·(NYSE: ALX)

Alexander's knows what's great about real estate. The real estate investment trust (REIT) owns, manages, and leases a handful of properties totaling about 2.3 million sq. ft. in New York City and New Jersey. Once a department store chain, Alexander's held on to its property interests, including the site of its erstwhile flagship store -- an entire block on Manhattan's Lexington Avenue. The REIT leases space at the mixed-use Lexington site to tenants such as Bloomberg, Citibank, The Home Depot, and The Container Store. The Lexington site is also home to about 100 condos. Bloomberg accounts for about a third of sales. Vornado Realty Trust owns 33% of the company and manages its real estate business. To read the full description, subscribe now.