GlobeNewswire Inc | Oct 28, 2020 02:02PM EDT

October 28, 2020

PARAMUS, N.J., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Alexanders, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on November 20, 2020 to stockholders of record on November 9, 2020.

Alexanders, Inc. is a real estate investment trust that has sevenproperties in the greater New York City metropolitan area.

CONTACT:MATTHEW IOCCO(201) 587-8541

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. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see Risk Factors in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2019 and in Part II, Item 1A, of our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments, the financial condition of our tenants, general competitive factors and the impact of the COVID-19 pandemic.