ALEXANDERS

Recent signals

• May 28, 2026: SEC 8-K (2.01): On May 28, 2026, Alexander's, Inc. announced the completion of the sale of its Rego Park I shopping center located in Queens to Northwell Health, Inc. This transaction represents a strategic move for the company, enabling a focus on its core operations while generating capital through this asset sale. The sale details and financial specifics are included in the attached press release, indicative of Alexander's efforts to optimize its portfolio. This transaction is significant for shareholders as it reflects the company's proactive asset management strategy.
• Mar 31, 2026: ALEXANDERS INC Enters into Tenth Amendment of Lease with Bloomberg L.P.
• Mar 31, 2026: SEC 8-K (1.01): On March 31, 2026, 731 Office One LLC, a wholly-owned subsidiary of Alexander’s, Inc., entered into the Tenth Amendment of Lease with Bloomberg L.P. This amendment includes a rent abatement of $56,808,900 for the period from April 1, 2026, to December 1, 2026, and reduces Bloomberg’s tenant fund from $113,617,800 to $56,808,900. The expiration date of Bloomberg's lease remains February 8, 2040. This amendment is significant as it reflects financial adjustments that can impact both the company's cash flow and its relationship with a major tenant.
• Mar 09, 2026: Acquired ALEXANDERS INC Sells Rego Park I Shopping Center to Northwell Health for $235.5 Million
• Mar 06, 2026: SEC 8-K (1.01): On March 6, 2026, Alexander's Rego Shopping Center LLC, a wholly-owned subsidiary of Alexander's, Inc., entered into a Material Definitive Agreement with Northwell Health, Inc. to sell the Rego Park I shopping center located in Queens for $235.5 million in cash. The company anticipates net proceeds of $202 million from this transaction, which includes a vacant three-story building and a parking garage on a 5.9-acre site. The sale is subject to customary closing conditions and is expected to be finalized by the third quarter of 2026. This agreement contains typical representations, warranties, covenants, and indemnification provisions relevant to such sales.
• Dec 29, 2025: ALEXANDERS INC Restructures $300 Million Mortgage Loan
• Dec 23, 2025: SEC 8-K (1.01): On December 23, 2025, Alexander's, Inc. entered into an amended and restated loan agreement for restructuring a $300,000,000 mortgage loan on the retail condominium units of its 731 Lexington Avenue property. The original loan was restructured into a $132,500,000 Senior Note with a 7.00% interest rate, and a $167,500,000 Junior Note at a 4.55% interest rate. This amendment extends the loan's maturity date to December 23, 2035, which reflects a strategic move to manage debt obligations better and enhance financial flexibility going forward. Additionally, the Borrower entered into an Intermediate Loan Agreement with ALX Rego Holdings LLC.
• Dec 05, 2025: SEC 8-K (1.01): On December 5, 2025, Alexander's, Inc. entered into a material definitive agreement by completing a refinancing deal for its Rego Park II shopping center in Queens, New York. The refinancing amounted to $175 million through an interest-only loan that is based on SOFR plus 2.00%, translating to a current interest rate of 5.82%, and is set to mature in December 2030. Alexander's paid down $23.5 million of an older loan that was valued at $198.5 million with a lower interest rate and was due to mature on December 12, 2025. This strategic refinancing aims to optimize the company’s financial commitments and possibly improve cash flow management moving forward.