Welcome to our dedicated page for Alexander's SEC filings (Ticker: ALX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Alexander’s, Inc. (NYSE: ALX) SEC filings, offering detailed insight into the company’s activities as a real estate investment trust with five properties in New York City. Through its Forms 10-Q, 10-K and 8-K, Alexander’s reports on financial performance, property-level financing, and material agreements affecting its nonresidential buildings.
In its quarterly reports on Form 10-Q, Alexander’s presents net income, net income per share, and Funds from Operations (FFO), which it calculates in accordance with the NAREIT definition. The filings reconcile net income to FFO, explaining adjustments for depreciation and amortization of real property, net gains from sales of certain real estate assets, and other specified items. The company notes that FFO is a non-GAAP measure used by management, investors and analysts to compare operating performance among REITs, while emphasizing that it is not a substitute for net income or cash flow measures.
Current reports on Form 8-K document material definitive agreements and financing transactions. For example, Alexander’s has filed 8-Ks describing a $175 million refinancing of its Rego Park II shopping center in Queens, New York, and the restructuring of a $300 million mortgage loan on the retail condominium units of its 731 Lexington Avenue property in Manhattan. These filings outline loan terms, maturity dates, interest structures, payment waterfalls, and the roles of Alexander’s subsidiaries as borrowers or lenders.
By reviewing these SEC documents, users can see how Alexander’s structures debt on its properties, how it reports FFO and related metrics, and how material events are disclosed. AI-powered summaries on this page can help explain the key points of lengthy filings, highlight important sections in 10-K and 10-Q reports, and make complex 8-K financing disclosures easier to understand.
Alexander’s, Inc. is restructuring the $300,000,000 mortgage on the retail condominium units at its 731 Lexington Avenue property. Two wholly owned subsidiaries entered into an amended and restated loan agreement that extends the debt maturity to December 23, 2035.
The original loan is now split into a $132,500,000 Senior Note (A‑Note) with current interest at 7.00% and a $167,500,000 Junior Note (C‑Note) with 4.55% interest that is not paid currently. Alexander’s subsidiary ALX Rego also provided a separate B‑Note facility for capital and re‑leasing costs and A‑Note interest, accruing 13.5% interest (with amounts above $65 million used to pay A‑Note interest accruing at 7.00%), also maturing in 2035.
ALX Rego purchased the A‑Note at par from the prior lenders, while those lenders retain the C‑Note. Cash flows from the property will be applied first to repay the A‑Note, then the B‑Note, and finally shared 70% to the C‑Note and 30% to the borrower. After a qualified refinancing or sale following the third anniversary, any remaining unpaid debt after this waterfall will be forgiven. The amended loan is non‑recourse to Alexander’s, subject to limited “bad‑boy” carveouts.
Alexander's, Inc. refinanced a
The company paid down
Alexander’s, Inc. (ALX) filed its Q3 2025 report, showing stable quarterly operating metrics alongside key financing and tenant updates. Net income was $5.97 million ($1.16 per share) versus $6.68 million a year ago, as rental revenues declined to $53.42 million from $55.68 million. FFO (non‑GAAP) was $14.92 million ($2.91 per share), modestly above last year’s $14.58 million.
Year to date, net income was $24.40 million ($4.75 per share) and FFO was $50.52 million ($9.84 per share), reflecting lower rental revenues after Home Depot’s lease at 731 Lexington expired on January 31, 2025 (prior annual rent about $15 million). Bloomberg accounted for $96.66 million of rental revenue for the nine months, approximately 60% of rental revenues. Commercial occupancy was 94.9% and residential 97.1%.
Liquidity totaled $352.26 million in cash and restricted cash. The $300 million mortgage on the 731 Lexington retail condominium was extended 60 days on August 1, 2025; the Company did not repay on the extended maturity date of October 3, 2025 and is in discussions with lenders regarding a potential restructuring. Mortgages payable were $987.10 million net, and interest expense declined notably year over year.
ALX’s Q2 2025 10-Q shows softer fundamentals. Rental revenue fell 3.4 % YoY to $51.6 m and six-month revenue dropped 7.2 % to $106.5 m, mainly from Home Depot’s 83 k sq ft lease expiry at 731 Lexington (-$6.3 m YTD) and the prior IKEA termination at Rego Park I. Operating expenses rose 3.8 % while interest income shrank, cutting Q2 net income 27 % to $6.1 m ($1.19 EPS) and YTD income 25 % to $18.4 m ($3.59 EPS). Funds-from-operations slipped to $2.88 per share in Q2 (-13 %) and $6.93 YTD (-16 %).
Balance sheet/liquidity. Cash & restricted cash remain strong at $390 m (30 % of market cap), with Q2 operating cash flow of $59 m vs $28 m a year ago. Debt totals $995 m; two SOFR-based loans—$300 m on 731 Lexington retail (now extended only to 3 Oct 2025) and $201 m on Rego Park II—mature within 15 months. Weighted-avg interest cost is 5.17 % after hedges; a cap limits SOFR at 4.15 % on Rego Park II through Dec 2025.
Key operating metrics. Commercial occupancy 94.8 %, residential 98.7 %. Bloomberg L.P. contributed 61 % of rental revenue; loss of this tenant would materially harm results. NOI declined 9.6 % to $25.7 m for the quarter. Dividends of $4.50 per share were paid, equal to 126 % of Q2 EPS and 65 % of Q2 FFO.
Forward issues. Management is exploring sale/development options for Rego Park I, which will be vacant after Burlington and Marshalls relocate in 2025. Near-term refinancing of $500 m variable-rate debt and tenant concentration represent the principal risks to cash flow and valuation.
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