Alexander’s Inc, a New York-focused real estate investment company, reported a robust net income surge in Q2 2026 driven largely by the sale of its Rego Park I property. The portfolio now consists of four properties totaling approximately 2.1 million square feet with high occupancy rates and significant tenant concentration in Bloomberg L.P., which remains central to revenue stability. The company’s recent lease modification with Target at Rego Park and Bloomberg's long-term lease extension underscore active portfolio management. Key risks persist around tenant concentration and lease expirations, but capital recycling through property disposition and refinancing supports financial flexibility.