Alexander's (NYSE: ALX) completes $175M Rego Park II refinancing to 2030

Rhea-AI Filing Summary

Alexander's, Inc. refinanced a $175 million loan on its 615,000 square foot Rego Park II shopping center in Queens, New York. The new interest-only debt is priced at SOFR plus 2.00%, currently totaling 5.82%, and now matures in December 2030, extending the property's debt maturity profile.

The company paid down $23.5 million on the prior $198.5 million loan, which had carried a lower spread of SOFR plus 1.45% and was scheduled to mature on December 12, 2025. The filing also notes that this refinancing creates a new direct financial obligation for the company, and a related press release is attached as an exhibit.

Insights

Real estate and capital structure analyst

Alexander's extends Rego Park II debt to 2030 with a $175M refi.

Alexander's, Inc. completed a $175 million refinancing of the Rego Park II shopping center, shifting to an interest-only loan at SOFR plus 2.00%, currently 5.82%, with a new maturity in December 2030. This replaces a prior $198.5 million facility that was set to come due on December 12, 2025.

The company reduced the prior loan balance by $23.5 million, which modestly lowers secured debt on the property while locking in a longer term. The trade-off is a higher credit spread versus the previous SOFR plus 1.45% rate, which can raise interest expense compared to the old facility, assuming similar base rates.

This event mainly affects the timing and pricing of debt tied to a single shopping center rather than the overall business. The new December 2030 maturity removes a near-term refinancing date in 2025 but keeps the property encumbered by a sizable interest-only obligation that will remain until that maturity.

0000003499false00000034992025-12-052025-12-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

December 5, 2025

ALEXANDERS INC

(Exact Name of Registrant as Specified in Charter)

Delaware

001-06064

51-0100517

(State or Other

(Commission

(IRS Employer

Jurisdiction of Incorporation)

File Number)

Identification No.)

210 Route 4 East

Paramus,

New Jersey

07652

(Address of Principal Executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (201) 587-8541

Former name or former address, if changed since last report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2.):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $1 par value per share

ALX

New York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 1.01    Entry into a Material Definitive Agreement.                               

On December 5, 2025, Alexander’s, Inc. (the “Company”) completed a $175 million refinancing of its 615,000 square foot Rego Park II shopping center located in Queens, New York. The interest-only loan is at SOFR plus 2.00%, currently 5.82%, and matures in December 2030.

Alexander’s paid down by $23.5 million the prior $198.5 million loan that bore interest at SOFR plus 1.45% and was scheduled to mature on December 12, 2025.

A copy of the Company’s press release announcing the refinancing is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03    Creation of a Direct Financial Obligations or an Obligation under and Off-Balance Sheet Arrangement of a Registrant   

The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference to this Item 2.03

Item 9.01.    Financial Statements and Exhibits. 

Exhibit No.

Description

99.1

Press Release, dated December 9, 2025.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			ALEXANDER’S, INC.
			(Registrant)
						By:			/s/ Gary Hansen
						Name:			Gary Hansen
						Title:			Chief Financial Officer (duly authorized officer and principal financial and accounting officer)

Date: December 9, 2025

3

FAQ

What did Alexander's Inc. (ALX) announce regarding the Rego Park II property?

Alexander's Inc. completed a $175 million refinancing of its 615,000 square foot Rego Park II shopping center in Queens, New York, replacing its prior debt on the property.

What are the key terms of Alexander's (ALX) new Rego Park II loan?

The new loan is interest-only, priced at SOFR plus 2.00%, currently totaling 5.82%, and it matures in December 2030.

What happened to the prior Rego Park II loan for Alexander's Inc. (ALX)?

Alexander's paid down $23.5 million on its prior $198.5 million loan, which had a rate of SOFR plus 1.45% and was scheduled to mature on December 12, 2025.

How does this refinancing affect Alexander's Inc. (ALX) debt maturity profile?

The refinancing moves the Rego Park II loan maturity from December 12, 2025 to December 2030, pushing this property-level debt out by about five years.

Which SEC items does this Alexander's Inc. (ALX) 8-K address?

The 8-K reports an Entry into a Material Definitive Agreement under Item 1.01 and a Creation of a Direct Financial Obligation under Item 2.03 related to the new loan.

Does Alexander's Inc. (ALX) provide more details on the refinancing terms?

A company press release dated December 9, 2025 discussing the refinancing is attached as Exhibit 99.1 to the report.