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

Wed Jan 16, 2013 11:14am EST

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PARAMUS, N.J.--(Business Wire)--
Alexander`s, Inc. (NYSE: ALX) today announced that its Board of Directors has
declared a quarterly dividend of $2.75 per share (a new indicated annual rate of
$11.00). The dividend will be payable on February 19, 2013 to stockholders of
record on January 28, 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 New York 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.

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

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