Alexander s, Inc., a real estate investment trust (REIT), engages in leasing, managing, developing, and redeveloping properties in the greater New York City metropolitan area. The company s properties include office and retail spaces, and shopping centers. It owns seven properties comprising operating properties and a property to be developed. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. Alexander s, Inc. was founded in 1955 and is based in Paramus, New Jersey.