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Alexander’s ( (ALX) ) has shared an announcement.
On December 23, 2025, Alexander’s, Inc. restructured the existing $300 million mortgage on the retail condominium units at its 731 Lexington Avenue property, extending the maturity to December 23, 2035 and splitting the debt into a $132.5 million senior A-Note at 7% interest, a $167.5 million junior C-Note at 4.55%, and a new intermediate B-Note provided by a wholly owned subsidiary to fund capital, re-leasing costs and A-Note interest at 13.5% (with certain advances accruing at 7%). As part of the transaction, the subsidiary ALX Rego Holdings LLC purchased the A-Note at par, the original lenders retained the C-Note, and a detailed cash-flow waterfall was established that prioritizes repayment of the A-Note and B-Note before allocating remaining proceeds between the C-Note and the borrower, with any unpaid balance potentially forgiven after a qualified refinancing or sale, thereby reducing recourse to Alexander’s and reshaping the risk and return profile for both the company and its junior lenders.
The most recent analyst rating on (ALX) stock is a Hold with a $219.00 price target. To see the full list of analyst forecasts on Alexander’s stock, see the ALX Stock Forecast page.
Spark’s Take on ALX Stock
According to Spark, TipRanks’ AI Analyst, ALX is a Neutral.
Alexander’s overall stock score is primarily influenced by its financial performance and technical analysis. The company’s strong profitability and operational efficiency are offset by high leverage and declining revenue growth. The technical indicators suggest a neutral to slightly bearish trend, while the valuation metrics show a high P/E ratio but an attractive dividend yield. The recent refinancing deal is a positive development but does not significantly impact the overall score.
To see Spark’s full report on ALX stock, click here.
More about Alexander’s
Alexander’s, Inc. operates through real estate subsidiaries that own and finance commercial properties, including retail condominium units at its 731 Lexington Avenue property in New York, focusing on structuring and managing large mortgage loans tied to these assets.
Average Trading Volume: 66,067
Technical Sentiment Signal: Buy
Current Market Cap: $1.11B
See more data about ALX stock on TipRanks’ Stock Analysis page.