Alexander’s Announces Quarterly Dividend of $2.75 per Share (a New Indicated Annual Rate of $11.00)

  Alexander’s Announces Quarterly Dividend of $2.75 per Share (a New Indicated
  Annual Rate of $11.00)

Business Wire

PARAMUS, N.J. -- January 16, 2013

Alexander’s, Inc. (NYSE: ALX) today announced that its Board of Directors has
declared a quarterly dividend of $2.75per share (anew indicated annual rate
of $11.00). The dividend will be payable on February 19, 2013 to stockholders
of record on January28, 2013.

The new indicated annual dividend rate has been adjusted down from the former
annual rate of $15.00 per share to reflect the November 2012 sale of the Kings
Plaza Mall and the $122.00 per share special long-term capital gain dividend
resulting therefrom.

Alexander’s, Inc. is a real estate investment trust that has six properties in
the greater NewYork City metropolitan area.

Certain statements contained herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks
associated with the timing of and costs associated with property improvements,
financing commitments and general competitive factors.

Contact:

Alexander’s, Inc.
Joseph Macnow, 201-587-8541
 
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