Alexander’s Completes Restructuring of Retail Loan at 731 Lexington Avenue
Alexander's, Inc. (ALX)
US:NYSE Investor Relations:
alx-inc.com
Company Research
Source: GlobeNewswire
PARAMUS, N.J., Dec. 29, 2025 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that it has restructured the $300 million mortgage loan on the retail condominium of 731 Lexington Avenue in Manhattan. Under the terms of the restructuring, the existing loan was split into a $132.5 million senior “A-Note” accruing current interest at 7.00% per annum and a $167.5 million junior “C-Note” accruing interest at 4.55% per annum, with a new maturity date of December 23, 2035. At the closing of the restructuring, an affiliate of Alexander’s purchased the $132.5 million senior A-Note from the existing lenders at par. The Alexander’s affiliate also entered into a new “B-Note” with the borrower, pursuant to which funds that are loaned to the borrower, for capital and re-leasing expenses, and to fund interest on the A-Note, accrue interest at 13.5% per annum, except for loan amounts above $65 million used to pay interest on the A-Note, which accrue at 7.00%. Additional information
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- Alexander's (NYSE:ALX) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Best Income Stocks to Buy for December 31st [Yahoo! Finance]Yahoo! Finance
- Alexander's: Fed Tailwinds Drive FFO Growth [Seeking Alpha]Seeking Alpha
- Alexander’s Completes $175 Million Refinancing of Rego Park IIGlobeNewswire
- Alexander's (NYSE:ALX) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
ALX
Earnings
- 11/3/25 - Beat
ALX
Sec Filings
- 12/29/25 - Form 8-K
- 12/9/25 - Form 8-K
- 11/3/25 - Form 10-Q
- ALX's page on the SEC website