Business Context and Reporting Period
Company: ALEXANDERS INC
Filing Type: Form 8-K (Current Report)
Date of Report: May 28, 2026
Principal Executive Offices: Paramus, New Jersey
Reporting Period: Event-based report for May 28, 2026
Key Financial Metrics
This filing is a current report regarding a specific corporate event and does not contain comprehensive financial statements. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
- Asset Sale Completed: Alexander's, Inc. completed the sale of its Rego Park I shopping center, located in Queens, New York.
- Buyer: The asset was sold to Northwell Health, Inc.
- Transaction Status: The sale was previously announced and has now been finalized as of the report date.
Guidance, Outlook, and Risks
The filing does not provide updated financial guidance, management outlook, or specific risk factors beyond the disclosure of the completed transaction. The press release detailing the transaction is attached as Exhibit 99.1 but is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the total sale price and net proceeds from the Rego Park I transaction in the attached press release (Exhibit 99.1).
- Confirm the impact of this asset sale on the company's future rental income and portfolio composition.
- Review subsequent filings (e.g., 10-Q or 10-K) for the accounting treatment of the sale and any resulting gain or loss.
- Assess the strategic rationale for selling to Northwell Health, Inc., a healthcare provider, versus a traditional real estate investor.