Alexanders (ALX) declares $2.75/share quarterly dividend. Forward yield 3.31%. For shareholders of record Jan. 28. Payable Feb. 19. Ex-div date Jan. 24. The board declares annual dividend of $11.00/share from former $15.00/share due to to sale of Kings Plaza mall and $122.00/share special long-term capital gain.(PR)
Macerich (MAC -2.2%) shares trade lower on news of the acquisition of two New York-based malls for a total of ~$1.25B as the REIT looks to expand its portfolio in the state. MAC will buy Kings Plaza, a 1.2M sq. ft. Brooklyn mall, from Alexander's (ALX +5.1%) for $751M, and will pick up Green Acres, a 1.8M sq. ft. Valley Springs mall, from Vornado Realty Trust (VNO -0.3%) for $500M.