Alexander's completes $235.5M sale of Rego Park I to Northwell Health; Q2 gain ~$148M

ALEXANDERS INC

Gross sales price $235.5M; net proceeds $203M; received $224M at closing after $21M pre-paid costs.
Financial statement gain of ~$148M to be recognized in Q2 2026.
Tax gain ~$145M; $48M recognized in 2025, ~$97M to be recognized in 2026.
Property is Rego Park I shopping center in Queens, NY; buyer is Northwell Health, Inc.

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