Alexander’s, Inc. Extends Bloomberg LP’s Global Headquarters Lease at 731 Lexington Avenue Tower Through 2040
Alexander's, Inc. (ALX)
US:NYSE Investor Relations:
alx-inc.com
Company Research
Source: GlobeNewswire
NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Alexander’s, Inc. today announced an 11-year lease extension agreement with Bloomberg LP which will begin at the expiration of the existing lease in 2029, continuing a long-standing headquarters presence at 731 Lexington Avenue through 2040. Bloomberg, which relocated its global headquarters to the tower upon its completion, will continue to occupy all 946,815 square feet of office space in the building. The company's headquarters at 731 Lexington remains its largest globally with 7,000 of its 12,000 New York-based employees. Alexander’s is a Real Estate Investment Trust that owns 731 Lexington Avenue. Vornado Realty Trust, which developed, manages, and leases the property, owns a 32.4% stake in Alexander’s, a publicly traded company. “731 Lexington remains a best-in-class Midtown tower, impeccable in its design by Ceasar and Rafael Pelli, and light years ahead of the curve technologically,” said Steven Roth, Chairman and CEO of both Vor
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ALX
News
- Alexander's, Inc. (NYSE: ALX) had its price target lowered by analysts at Piper Sandler from $160.00 to $145.00. They now have an "underweight" rating on the stock.MarketBeat
- Alexander's, Inc. (NYSE: ALX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Alexander's (ALX) Misses Q1 FFO and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Alexander's Announces First Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
- Alexander’s Announces First Quarter Financial ResultsGlobeNewswire
ALX
Earnings
- 5/6/24 - Miss
ALX
Sec Filings
- 5/6/24 - Form 10-Q
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- ALX's page on the SEC website