UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
NOVEMBER 20, 2003
Date of report (Date of earliest event reported)
ALEXANDER'S, INC.
(Exact name of registrant as specified in charter)
DELAWARE NO. 001-06064 NO. 51-0100517
(State or other jurisdiction of (Commission file number) (IRS Employer
incorporation) Identification No.)
888 SEVENTH AVENUE 10019
NEW YORK, NEW YORK (Zip Code)
(Address of principal executive offices)
(212) 894-7000
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
As previously disclosed in the Alexander's, Inc. (the "Company")
Quarterly Report on Form 10-Q for the period ended September 30, 2003, the
Company has reclassified its Flushing property from "held for sale" to "held and
used" as the dispute regarding the closing of the sale of this property
continues to be unresolved. In accordance with Statement of Financial Accounting
Standards No. 144, Accounting for the Impairment and Disposal of Long-Lived
Assets, the Company has updated its consolidated financial statements and
financial statement Schedule III included in its Annual Report on Form 10-K for
the year ended December 31, 2002 to reflect this reclassification. In addition,
for ease of comparison, the Company has elected to re-issue Items 6 and 7 also
included in the Annual Report. The reclassification has no effect on the
Company's previously reported net income or net income per share for any period.
Additionally, the Company has revised its presentation of funds from
operations ("FFO") for the years ended December 31, 2002 and 2001 in order (i)
to comply with the Securities and Exchange Commission's Regulation G concerning
non-GAAP financial measures (Regulation G became effective subsequent to the
filing of the Company's Annual Report on Form 10-K for the year ended December
31, 2002), (ii) to adhere to the National Association of Real Estate Investment
Trust's (NAREIT) definition of FFO and (iii) to disclose FFO on a comparable
basis with the vast majority of other companies in the industry.
The Company has not undertaken to update any other items of its Annual
Report on Form 10-K for the year ended December 31, 2002 and, as such, all other
items are unchanged.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit No. Description
23.1 Consent of Deloitte & Touche LLP
99.1 Item 6. Selected Financial Data; Item 7. Management's
Discussion and Analysis of Financial Condition and Results of
Operations; Item 8. Financial Statements and Supplementary
Data; and Schedule III - Real Estate and Accumulated
Depreciation
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ALEXANDER'S, INC.
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(Registrant)
By: /s/ Joseph Macnow
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Name: Joseph Macnow
Title: Executive Vice President - Finance
and Administration and Chief
Financial Officer
Date: November 20, 2003
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