ALX vs SLG vs VNO vs BXP

For growth investors, SL Green Realty Corp.

(SLG) is the stronger pick with 42. 0% revenue growth year-over-year, versus -5. 8% for Alexander's, Inc. (ALX). Vornado Realty Trust (VNO) offers the better valuation at 7. 6x trailing P/E (376. 9x forward), making it the more compelling value choice. Analysts rate Alexander's, Inc. (ALX) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Vornado Realty Trust (VNO) is the cheapest at 7.

6x versus Alexander's, Inc. at 44. 4x. On forward P/E, Alexander's, Inc. is actually cheaper at 20. 2x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, Alexander's, Inc.

(ALX) delivered a total return of +21. 5%, compared to -27. 7% for BXP, Inc. (BXP). Over 10 years, the gap is even starker: ALX returned +7. 4% versus VNO's -34. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Alexander's, Inc.

(ALX) is the lower-risk stock at 0. 35β versus SL Green Realty Corp. 's 1. 20β — meaning SLG is approximately 247% more volatile than ALX relative to the S&P 500. On balance sheet safety, Vornado Realty Trust (VNO) carries a lower debt/equity ratio of 116% versus 9% for Alexander's, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), SL Green Realty Corp.

(SLG) is pulling ahead at 42. 0% versus -5. 8% for Alexander's, Inc. (ALX). On earnings-per-share growth, the picture is similar: Vornado Realty Trust grew EPS 104. 0% year-over-year, compared to -21. 2% for SL Green Realty Corp.. Over a 3-year CAGR, SLG leads at 5. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Vornado Realty Trust (VNO) is the more profitable company, earning 50.

0% net margin versus -8. 8% for SL Green Realty Corp. — meaning it keeps 50. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXP leads at 55. 7% versus 15. 0% for VNO. At the gross margin level — before operating expenses — VNO leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Alexander's, Inc.

(ALX) trades at 20. 2x forward P/E versus 376. 9x for Vornado Realty Trust — 356. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BXP: 21. 3% to $72. 10.

In this comparison, ALX (7.

4% yield), BXP (6. 8% yield), VNO (2. 3% yield) pay a dividend. SLG does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Alexander's, Inc.

(ALX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 35), 7. 4% yield). Both have compounded well over 10 years (ALX: +7. 4%, SLG: -26. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: ALX is a small-cap income-oriented stock; SLG is a small-cap high-growth stock; VNO is a small-cap deep-value stock; BXP is a small-cap income-oriented stock. ALX, VNO, BXP pay a dividend while SLG does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.