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ALXNYSE
ALEXANDERS INC
Real Estate Investment Trusts · DE · CIK 3499
ALEXANDERS INC leases, manages, develops, and redevelops its New York City properties
red 8-K · 90d
$1.34B
Market cap
$281.55
Last close
+2.4%
1D
+7.5%
5D
32K
Volume
Price · last 39 sessions+15.5%
May 4L $226.85 · H $281.55Jun 29
233
Total filings
May 28, 2026
Last filing
12/31
Fiscal year end
8-KReg FD DisclosureMay 28, 20268-KExecutive Change · Shareholder VoteMay 21, 202610-Q10-QMay 4, 2026DEFA14ADEFA14AApr 7, 2026DEF 14ADEF 14AApr 7, 20268-KMaterial AgreementMar 31, 20268-KMaterial Agreement · Reg FD DisclosureMar 9, 202610-K10-KFeb 9, 20268-KMaterial Agreement · New Debt / ObligationDec 29, 20258-KMaterial Agreement · New Debt / ObligationDec 9, 202510-Q10-QNov 3, 202510-Q10-QAug 4, 20258-KShareholder VoteMay 22, 202510-Q10-QMay 5, 2025DEFA14ADEFA14AApr 8, 2025DEF 14ADEF 14AApr 8, 202510-K10-KFeb 10, 20258-KExecutive ChangeDec 30, 202410-Q10-QNov 4, 20248-KMaterial Agreement · New Debt / ObligationSep 30, 202410-Q10-QAug 5, 20248-KMaterial Agreement · New Debt / ObligationJun 12, 20248-KShareholder VoteMay 23, 202410-Q10-QMay 6, 2024DEFA14ADEFA14AApr 9, 2024DEF 14ADEF 14AApr 9, 202410-K10-KFeb 12, 202410-Q10-QOct 30, 202310-Q10-QJul 31, 20238-KShareholder Vote · Reg FD DisclosureMay 22, 202310-Q10-QMay 1, 2023DEFA14ADEFA14AApr 7, 2023DEF 14ADEF 14AApr 7, 20238-KReg FD DisclosureMar 10, 202310-K10-KFeb 13, 202310-Q10-QOct 31, 202210-Q10-QAug 1, 20228-KBylaw Amendment · Shareholder VoteMay 20, 202210-Q10-QMay 2, 2022DEFA14ADEFA14AApr 8, 2022DEF 14ADEF 14AApr 8, 202210-K10-KFeb 14, 2022SC 13GALEXANDERS INCJan 24, 202210-Q10-QNov 1, 202110-Q10-QAug 2, 20218-KShareholder VoteMay 20, 20218-KReg FD DisclosureMay 13, 202110-Q10-QMay 3, 2021DEFA14ADEFA14AApr 9, 2021DEF 14ADEF 14AApr 9, 202110-K10-KFeb 16, 202110-Q10-QNov 2, 20208-KMaterial Agreement · New Debt / ObligationSep 14, 20208-KMaterial Agreement · New Debt / ObligationAug 25, 202010-Q10-QAug 3, 20208-KShareholder VoteMay 14, 202010-Q10-QMay 4, 2020DEFA14ADEFA14AMay 1, 2020DEF 14ADEF 14AApr 3, 20208-K/AExecutive ChangeMar 27, 20208-KExecutive ChangeMar 25, 202010-K10-KFeb 18, 202010-Q10-QOct 28, 201910-Q10-QJul 29, 20198-KShareholder VoteMay 16, 201910-Q10-QApr 29, 2019DEF 14ADEF 14AApr 5, 201910-K10-KFeb 11, 20198-KNew Debt / ObligationDec 14, 201810-Q10-QOct 29, 201810-Q10-QJul 30, 20188-KShareholder VoteMay 18, 201810-Q10-QApr 30, 2018DEF 14ADEFINITIVE PROXY STATEMENTApr 6, 20188-KCompany UpdateMar 2, 201810-K10-KFeb 12, 201810-QFORM 10-QOct 30, 201710-QFORM 10-QJul 31, 20178-KNew Debt / ObligationJun 5, 20178-KShareholder VoteMay 19, 2017
What Changed
Risk factors · Feb 10, 2025 → Feb 9, 202660 added · 60 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
- Since the debt balances related to the A-Note and B-Note are eliminated in consolidation, the balance presented as mortgages payable for this loan on our consolidated balance sheet as of December 31, 2025 is $167,691,000, which is comprised of the principal balance of the C-Note and the PIK interest due upon maturity. 27 Critical Accounting Estimate In preparing the consolidated financial statements we have made estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.
- This was primarily due to (i) $8,439,000 from lower rates, (ii) $6,833,000 from the refinancing and downsize of the 731 Lexington Office loan in September 2024 and (iii) $5,883,000 of lower interest rate cap premium amortization, partially offset by (iv) $9,665,000 from the expiration of the 731 Lexington Retail swap in May 2025. 29 Related Party Transactions Vornado As of December 31, 2025, Vornado owne d 32.4% of our outstanding common stock.
- Kohl’s’ store is currently closed but the tenant remains obligated under its lease which expires in January 2031; • Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, that is subleased to New World Mall LLC.
- Recently Issued Accounting Literature In December 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”).
- Since the debt balances related to the A-Note and B-Note are eliminated in consolidation, the balance presented as mortgages payable for this loan on our consolidated balance sheet as of December 31, 2025 is $ 167,691,000 , which is comprised of the principal balance of the C-Note and the PIK interest due upon maturity.
- OTHER INFORMATION During the three months ended December 31, 2025, none of our directors or officers (as defined in Rule 16a-1(f) of the Securities Exchange Act) adopted , terminated , or modified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in item 408 of Regulation S-K of the Securities Act of 1933, as amended).
- The Home Depot ( 83,000 square feet) was the principal retail tenant at the property until its lease expired on January 31, 2025 ; • Rego Park II, a 606,000 square foot shopping center, is located on Junction Boulevard in Queens.
- As of December 31, 2024, the amounts due to Vornado were $ 642,000 for management, property management, cleaning, engineering and security fees, $ 346,000 for development fees and $ 171,000 for leasing fees. 47 ALEXANDER’S, INC.
- As such, we expensed $ 607,000 of direct costs incurred in connection with the loan restructuring which is included in “Interest and debt expense” on the consolidated statements of income for the year ended December 31, 2025.
- On December 23, 2025, we entered into an agreement to restructure the $ 300,000,000 mortgage loan on the retail condominium portion of 731 Lexington Avenue, which previously bore interest at SOFR plus 1.51 %.
- On December 23, 2025, we entered into an agreement to restructure the $300,000,000 mortgage loan on the retail condominium portion of 731 Lexington Avenue, which previously bore interest at SOFR plus 1.51%.
- In the fourth quarter of 2024, we entered into ten-year leases with Burlington and Marshalls to relocate them to our Rego Park II property in 2025 from our Rego Park I property which is now vacant.
No longer disclosed
- Pages in this Annual Report on Form 10-K Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2024, 2023 and 2022 61-62 All other financial statement schedules are omitted because they are not applicable, not required, or the information is included else
- The new loan replaces the previous $490,000,000 loan that bore interest at the Prime Rate and was scheduled to mature in October 2024. 27 Critical Accounting Estimate In preparing the consolidated financial statements we have made estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.
- Net Gain on Sale of Real Estate Net gain on the sale of real estate was $53,952,000 in the year ended December 31, 2023, resulting from the sale of the Rego Park III land parcel in Queens, New York in May 2023. 29 Related Party Transactions Vornado As of December 31, 2024, Vornado owne d 32.4% of our outstanding common stock.
- In the fourth quarter of 2024, we entered into ten-year leases with Burlington and Marshalls to relocate them to our Rego Park II property in 2025; • Rego Park II, a 615,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens.
- The property is ground leased through January 2027 with one ten-year extension option; and • The Alexander apartment tower, located above our Rego Park II shopping center, contains 312 units aggregating 255,000 square feet. 44 ALEXANDER’S, INC.
- Recently Issued Accounting Literature In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”).
- REAL ESTATE SALE On May 19, 2023, we sold the Rego Park III land parcel in Queens, New York, for $ 71,060,000 inclusive of consideration for Brownfield tax benefits and reimbursement of costs for plans, specifications and improvements to date.
- On May 3, 2024, Alexander’s and Bloomberg entered into an agreement to extend the leases covering approximately 947,000 square feet at our 731 Lexington Avenue property that were scheduled to expire in February 2029 for a term of eleven years to February 2040.
- We have an interest rate swap relating to the mortgage loan on the retail condominium of our 731 Lexington Avenue property with a notional amount of $300,000,000 that swaps SOFR plus 1.51% for a fixed rate of 1.76% through May 2025.
- MORTGAGES PAYABLE On June 9, 2023, we exercised our remaining one-year extension option on the $ 500,000,000 interest-only mortgage loan on the office condominium of our 731 Lexington Avenue property.
- ASU 2023-07 requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss.
- As of December 31, 2023, the amounts due to Vornado were $ 646,000 for management, property management, cleaning, engineering and security fees and $ 69,000 for leasing fees 48 ALEXANDER’S, INC.
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