UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number: 001-06064 ALEXANDERS INC (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission File Number: to 001-06064 ALEXANDERS INC (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2019 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number: 001-06064 ALEXANDERS INC (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2019 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number: 001-06064 ALEXANDERS INC (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

[PART I. Financial Information](index=3&type=section&id=PART%20I.%20Financial%20Information) [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The unaudited consolidated financial statements for Q1 2019 show total assets of $1.30 billion, total liabilities of $1.02 billion, and a net income of $17.9 million, a significant turnaround from a $9.7 million net loss in Q1 2018 due to prior year's discontinued operations expense [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2019, total assets slightly increased to $1.296 billion, while total liabilities rose to $1.016 billion and total equity decreased to $279.9 million Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2019 | December 31, 2018 | | :--- | :--- | :--- | | **Total Assets** | **$1,295,712** | **$1,285,549** | | Real estate, net | $727,159 | $730,270 | | Cash and cash equivalents | $302,944 | $283,056 | | **Total Liabilities** | **$1,015,770** | **$1,000,457** | | Mortgages payable, net | $967,112 | $965,826 | | **Total Equity** | **$279,942** | **$285,092** | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) For Q1 2019, the company reported a net income of $17.9 million ($3.49 per share), contrasting with a $9.7 million net loss ($1.90 per share) in Q1 2018, primarily due to a $23.8 million loss from discontinued operations in the prior year Statement of Income Highlights (in thousands, except per share data) | Account | Three Months Ended March 31, 2019 | Three Months Ended March 31, 2018 | | :--- | :--- | :--- | | Rental Revenues | $56,778 | $57,880 | | Total Expenses | ($30,922) | ($31,822) | | Income from continuing operations | $17,865 | $14,097 | | Loss from discontinued operations | $0 | ($23,797) | | **Net Income (Loss)** | **$17,865** | **($9,700)** | | **Net Income (Loss) per common share** | **$3.49** | **($1.90)** | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities increased to $48.1 million in Q1 2019, with overall cash and restricted cash rising by $23.2 million during the quarter Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2019 | Three Months Ended March 31, 2018 | | :--- | :--- | :--- | | Net cash provided by operating activities | $48,083 | $36,805 | | Net cash (used in) provided by investing activities | ($1,816) | $125 | | Net cash used in financing activities | ($23,028) | ($23,993) | | **Net increase in cash and restricted cash** | **$23,239** | **$12,937** | [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail the company's REIT structure, significant related-party transactions with Vornado, the impact of a major tenant (Bloomberg L.P.), the adoption of ASC 842, and a prior-year $23.8 million expense from discontinued operations - The company is a **REIT** engaged in leasing, managing, and developing its seven properties in the greater New York City metropolitan area, managed by Vornado Realty Trust[23](index=23&type=chunk) - Vornado owned **32.4%** of the company's common stock as of March 31, 2019, and provides management, development, and leasing services for fees[37](index=37&type=chunk) - **Bloomberg L.P.** is a significant tenant, accounting for approximately **48% of total revenues** for the three months ended March 31, 2019[46](index=46&type=chunk) - In Q1 2018, the company accrued an expense of **$23,797,000** for potential additional real property transfer taxes from the 2012 sale of Kings Plaza, classified as a loss from discontinued operations[45](index=45&type=chunk) - The company adopted the new lease accounting standard, **ASC 842**, effective January 1, 2019, recording a right-of-use asset of **$5.1 million** and a lease liability of **$5.4 million** for its Flushing property ground lease[28](index=28&type=chunk) [Report of Independent Registered Public Accounting Firm](index=22&type=section&id=Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) Deloitte & Touche LLP reviewed the interim financial information for Q1 2019 and 2018, finding no material modifications needed for conformity with U.S. GAAP - The auditors conducted a review in accordance with **PCAOB standards** and stated they are not aware of any material modifications that should be made to the interim financial information[75](index=75&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the Q1 2019 net income of $17.9 million to the absence of a prior-year transfer tax expense, with Funds from Operations (FFO) at $25.5 million, and considers property rental income adequate for future liquidity [Overview](index=24&type=section&id=Overview) The company, a REIT managed by Vornado, reported Q1 2019 net income of $17.9 million, a significant improvement from Q1 2018's $9.7 million net loss, with its in-service portfolio 97.3% occupied Q1 2019 vs Q1 2018 Performance (Amounts in thousands, except per share data) | Metric | Q1 2019 | Q1 2018 | | :--- | :--- | :--- | | Net Income (Loss) | $17,865,000 | ($9,700,000) | | Diluted EPS | $3.49 | ($1.90) | | FFO (non-GAAP) | $25,531,000 | $3,621,000 | | FFO per diluted share (non-GAAP) | $4.99 | $0.71 | - As of March 31, 2019, the portfolio comprised seven properties totaling **2,437,000 square feet**, with **2,242,000 square feet in service** and **97.3% occupied**[88](index=88&type=chunk) [Results of Operations](index=25&type=section&id=Results%20of%20Operations) Q1 2019 saw a $1.1 million decrease in rental revenues due to vacancies, a $0.4 million decrease in operating expenses, and a significant turnaround in marketable securities fair value from a $5.2 million loss to a $38,000 gain - Rental revenues decreased by **$1,102,000**, mainly due to the Sears vacancy (effective Oct 2018) and the Toys 'R' Us vacancy (effective June 2018)[91](index=91&type=chunk) - Operating expenses decreased by **$428,000**, primarily due to a bad debt write-off in the prior year's quarter related to Toys 'R' Us[92](index=92&type=chunk) - Change in fair value of marketable securities (Macerich shares) resulted in a **$38,000 gain** in Q1 2019 versus a **$5,170,000 loss** in Q1 2018[96](index=96&type=chunk) [Liquidity and Capital Resources](index=26&type=section&id=Liquidity%20and%20Capital%20Resources) Cash, cash equivalents, and restricted cash increased by $23.2 million in Q1 2019, driven by $48.1 million from operations, with the company's primary liquidity source being property rental income - Cash and cash equivalents and restricted cash increased by **$23.2 million** during Q1 2019, rising from **$289.5 million** to **$312.7 million**[99](index=99&type=chunk) - Key cash flow activities in Q1 2019 included **$48.1 million provided by operations**, **$1.8 million used in investing**, and **$23.0 million used in financing** (dividends)[99](index=99&type=chunk)[100](index=100&type=chunk)[101](index=101&type=chunk) - The company has a lease with IKEA for its Paramus property, which includes a purchase option for IKEA in 2021 for **$75.0 million**[109](index=109&type=chunk) [Funds from Operations (FFO) (non-GAAP)](index=28&type=section&id=Funds%20from%20Operations%20(FFO)%20(non-GAAP)) Q1 2019 FFO, a non-GAAP metric, significantly increased to $25.5 million ($4.99 per diluted share) from $3.6 million ($0.71 per diluted share) in Q1 2018, largely due to the absence of a prior-year transfer tax expense FFO Reconciliation (in thousands, except per share data) | Line Item | Q1 2019 | Q1 2018 | | :--- | :--- | :--- | | Net Income (Loss) | $17,865 | ($9,700) | | Depreciation and amortization of real property | 7,704 | 8,151 | | Change in fair value of marketable securities | (38) | 5,170 | | **FFO (non-GAAP)** | **$25,531** | **$3,621** | | **FFO per diluted share (non-GAAP)** | **$4.99** | **$0.71** | [Quantitative and Qualitative Disclosures About Market Risk](index=29&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate fluctuations on its $906.8 million variable-rate debt, with a 1% rate change impacting annual income by approximately $9.1 million, mitigated by an interest rate cap Interest Rate Sensitivity (Amounts in thousands) | Debt Type | Balance (as of March 31, 2019) | Weighted Avg. Interest Rate | Effect of 1% Rate Change | | :--- | :--- | :--- | :--- | | Variable Rate | $906,836 | 3.60% | $9,068 | | Fixed Rate | $68,000 | 4.72% | $0 | | **Total** | **$974,836** | **3.68%** | **$9,068** | - The company has an interest rate cap with a notional amount of **$500.0 million** that caps LIBOR at **6.0%**[120](index=120&type=chunk) [Controls and Procedures](index=29&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of March 31, 2019, with no material changes in internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's **disclosure controls and procedures are effective** as of the end of the reporting period[122](index=122&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[123](index=123&type=chunk) [PART II. Other Information](index=30&type=section&id=PART%20II.%20Other%20Information) [Legal Proceedings](index=30&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal actions in the ordinary course of business, none of which are expected to materially affect its financial condition, results of operations, or cash flows - The company states that the outcome of legal actions arising in the ordinary course of business will not have a **material effect** on its financial position[125](index=125&type=chunk) [Risk Factors](index=30&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the company's risk factors were reported compared to its Annual Report on Form 10-K for the year ended December 31, 2018 - No **material changes in risk factors** were reported compared to the 2018 Form 10-K[126](index=126&type=chunk) [Exhibits](index=30&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications (Rule 13a-14(a) and Section 1350) and XBRL data files - The report includes required exhibits such as **CEO/CFO certifications** and **XBRL data files**[127](index=127&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 | --- | --- | |------------------------------------------------------------------------------|-----------------------------------------| | | | | (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) | | 210 Route 4 East, Paramus, New Jersey | 07652 | | (Address of principal executive offices) | (Zip Code) | FORM 10‑K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE A ...