Alexanders Inc.

We may refinance our maturing debt as it comes due or choose to pay it down.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

01, 2027 2.63 % 94,000 94,000 Total 840,522 836,691 Deferred debt issuance costs, net of accumulated amortization of $ 6,551 and $ 5,263 , respectively ( 5,950 ) ( 7,240 ) $ 834,572 $ 829,451 (1) Interest rate listed represents the rate in effect as of June 30, 2026 based on SOFR as of contractual reset date plus contractual spread, adjusted for hedging instruments as applicable.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

Since the debt balances related to the A-Note and B-Note are eliminated in consolidation, the balances presented as mortgages payable for this loan on our consolidated balance sheets are comprised of the principal balance of the C-Note and the PIK interest due upon maturity.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

The table below summarizes our interest rate derivative, which hedges the interest rate risk attributable to the variable rate debt noted as of June 30, 2026 and December 31, 2025, respectively.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

As of June 30, 2026 As of December 31, 2025 (Amounts in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash equivalents $ 131,834 $ 131,834 $ 94,978 $ 94,978 Liabilities: Mortgages payable (excluding deferred debt issuance costs, net) $ 840,522 $ 788,814 $ 836,691 $ 783,004 13 ALEXANDER S, INC.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

For the Three Months Ended June 30, For the Six Months Ended June 30, (Amounts in thousands) 2026 2025 2026 2025 NOI $ 27,968 $ 25,655 $ 52,400 $ 55,006 Interest and debt expense ( 10,796 ) ( 12,801 ) ( 21,525 ) ( 23,595 ) Interest and other income 1,684 3,928 3,130 7,873 General and administrative ( 3,266 ) ( 1,955 ) ( 4,979 ) ( 3,546 ) Depreciation and amortization ( 8,230 ) ( 8,707 ) ( 17,004 ) ( 17,306 ) Net gain on sale of real estate 148,002 148,002 Net income $ 155,362 $ 6,120 $ 160,024 $ 18,432 15 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholders of Alexander s, Inc.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities that are highly liquid and are actively traded in secondary markets; Level 2 observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 unobservable inputs that are used when little or no market data is available.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties.

SEC original ↗Alexanders Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026

Legal Proceedings 26 Item 1A.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

If we were to lose Bloomberg as a tenant, or if Bloomberg were to be unable to fulfill its obligations under its lease, it would adversely affect our results of operations and financial condition.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

If lenders insist on greater coverage than we are able to obtain, it could adversely affect our ability to finance or refinance our properties.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

Our business has been, and may continue to be, affected by interest rate fluctuations, the effects of inflation and other uncertainties including the potential for an economic downturn.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026

The ongoing challenges posed by fluctuations in interest rates and the effects of inflation could adversely affect our cash flow from continuing operations but we anticipate that cash flow from continuing operations over the next twelve months, together with existing cash balances, will be adequate to fund our business operations, cash dividends to stockholders, debt service and capital expenditures.

SEC original ↗Alexanders Inc. — 10-Q Quarterly report10-QAug 3, 2026