Alexander’s, Inc. completed a major restructuring of the $300 million mortgage loan on its retail condominium at 731 Lexington Avenue in Manhattan. The transaction split the existing loan into a $132.5 million senior “A-Note” carrying a fixed 7.00% annual interest rate and a $167.5 million junior “C-Note” at 4.55% per annum, extending the maturity to December 23, 2035. At closing, an affiliate of Alexander’s acquired the A-Note at par and simultaneously entered into a new “B-Note” for capital and re-leasing expenses, which accrues interest at 13.5% per annum—except for balances above $65 million used to service the A-Note, which carry a 7.00% rate. The deal strengthens Alexander’s liquidity profile while aligning financing costs with projected cash flow from retail tenants in its five-property New York City portfolio.

Alexander’s, Inc. was named to the Zacks Rank #1 (Strong Buy) list of best income stocks for December 31, 2025. This recognition places Alexander’s alongside fellow REITs KFRC and BHP, reflecting the company’s ability to generate stable dividend yields backed by its Manhattan retail holdings. Investors take note of Alexander’s consistent occupancy rates above 95% across its portfolio and a dividend yield estimated at approximately 4.2%, positioning the shares as an attractive income play in a rising-rate environment.