Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023


ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2023
(Amounts in thousands)

COLUMN A	COLUMN B		COLUMN C				COLUMN D		COLUMN E								COLUMN F		COLUMN G	COLUMN H	COLUMN I
									Gross Amount at Which												Life on which Depreciation in Latest Income Statement is Computed
			Initial Cost to Company(1)				Costs Capitalized Subsequent to Acquisition		Carried at Close of Period								Accumulated Depreciation and Amortization
					Buildings and Leasehold Improvements						Buildings and Leasehold Improvements		Development and Construction In Progress
																			Date of Construction	Date Acquired(1)
Description	Encumbrances(2)		Land						Land						Total(3)
Rego Park I	$	—	$	1,647	$	8,953	$	93,138	$	1,647	$	102,091	$	—	$	103,738	$	47,931	1959	1992	3-39 years
Rego Park II	202,544		3,127		1,467		390,267		3,127		391,453		281		394,861		135,791		2009	1992	3-40 years
The Alexander apartment tower	94,000		—		—		115,074		—		115,074		—		115,074		27,036		2016	1992	3-39 years
Flushing	—		—		1,660		(107)		—		1,553		—		1,553		1,324		1975(4)	1992	N/A
Lexington Avenue	800,000		14,432		12,355		424,607		27,497		423,897		—		451,394		203,821		2003	1992	9-39 years
TOTAL	$	1,096,544	$	19,206	$	24,435	$	1,022,979	$	32,271	$	1,034,068	$	281	$	1,066,620	$	415,903

(1) Initial cost is as of May 15, 1992 (the date on which the Company commenced its real estate operations).
(2) Excludes deferred debt issuance costs, net of $3,993.
(3) The net basis of the Company’s assets and liabilities for tax purposes is approximately $145,246 lower than the amount reported for financial statement purposes.
(4) Represents the date the lease was acquired.


ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)
	December 31,
	2023		2022		2021
REAL ESTATE:
Balance at beginning of period	$	1,084,598	$	1,069,426	$	1,071,043
Additions during the period:
Land	—		—		—
Buildings and leasehold improvements	2,959		15,002		5,842
Development and construction in progress	1,346		193		10,090
	1,088,903		1,084,621		1,086,975
Less:
Assets sold	(14,186)		—		(11,921)
Assets written-off	(8,097)		(23)		(5,628)
Balance at end of period	$	1,066,620	$	1,084,598	$	1,069,426

ACCUMULATED DEPRECIATION:
Balance at beginning of period	$	396,268	$	370,557	$	350,122
Depreciation expense	28,137		25,734		26,063
	424,405		396,291		376,185
Less:
Accumulated depreciation on assets sold	(405)		—		—
Accumulated depreciation on assets written-off	(8,097)		(23)		(5,628)
Balance at end of period	$	415,903	$	396,268	$	370,557