Alexander & Baldwin

Alexander & Baldwin, Inc. engages in real estate business. It operates through the following segments: Commercial Real Estate, Land Operations, and Materials and Construction. The Commercial Real Estate segment includes investments and acquisitions, construction and development, in-house leasing and property management, and asset management. The Land Operations segment consists of legacy assets and landholdings that are subject to the company's simplification and monetization effort. The Materials and Construction segment deals with asphalt paving contractor and natural materials and infrastructure construction services. The company was founded by Samuel Thomas Alexander and Henry Perrine Baldwin on 1870 and is headquartered in Honolulu, HI.

Earnings data Q1 2024

A&B reports robust Q1 performance amidst Hawaii's thriving economy

A&B's Q1 2023 earnings call highlighted strong performance driven by positive local economic conditions in Hawaii and strategic acquisitions. The company faces leadership transition challenges following Chris Benjamin's retirement, while also addressing concerns raised by analysts regarding various operational and financial aspects.

ALEX reports strong Q2 earnings, raises guidance amid leasing challenges

ALEX's Q2 2023 earnings call showcased strong financial performance, with increased revenue and NOI, as well as strategic acquisitions. While facing challenges in leasing metrics and uncertainties regarding certain business aspects, the company remains confident in its future performance and sees opportunities for growth in community-based assets and ESG initiatives.

ALEX reports strong Q3 performance amidst challenges and opportunities

ALEX's Q3 earnings call highlighted strong performance in commercial real estate, while addressing challenges posed by external factors such as the Maui wildfires. The company demonstrated transparency and provided detailed financial information, while also acknowledging potential opportunities for growth.

ALEX (ALEX) reports robust Q4 performance and outlines growth strategies

ALEX (ALEX) delivered strong Q4 2023 results, achieving strategic objectives and maintaining a resilient portfolio in Hawaii. The company faces challenges in transitioning financial reporting but has opportunities for growth through enhanced transparency and strategic initiatives.

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Alexander & Baldwin, Inc. engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company's simplification and monetization effort. The company was founded by Samuel Thomas Alexander and Henry Perrine Baldwin in 1870 and is headquartered in Honolulu, HI.

HONOLULU , April 25, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator and developer of high-quality commercial real estate in Hawai'i, today announced net income available to A&B common shareholders of $20.0 million, or $0.28 per diluted share, and Commercial Real Estate ("CRE") operating profit of $22.0 million for the first quarter of 2024. Q1  2024 Highlights Funds From Operations ("FFO") of $29.2 million, or $0.40 per diluted share / Adjusted FFO of $25.5 million, or $0.35 per diluted share CRE Same-Store Net Operating Income ("NOI") growth of 4.1% / CRE Same-Store NOI growth of 3.9% excluding collections of prior year reserves Leased occupancy as of March 31, 2024, was 94.0% Comparable new and renewal leasing spreads for the improved portfolio were 11.8% and 7.2%, respectively Lance Parker, president and chief executive officer, stated: "We began the year with strong results across the board.

Alexander & Baldwin, Inc. Reports First Quarter 2024 Results

HONOLULU , April 24, 2024 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator and developer of high-quality commercial real estate in Hawai'i, approved a second quarter 2024 dividend of $0.2225 (twenty-two and ¼ cents) per share. The dividend is payable on July 8, 2024, to shareholders of record as of the close of business on June 14, 2024.

Alexander & Baldwin Second Quarter 2024 Dividend Authorized

AIA Group Ltd

Academy Sports and Outdoors

ASO, ALEX and AAGIY have been added to the Zacks Rank #5 (Strong Sell) List on April 23, 2024.

New Strong Sell Stocks for April 23rd

AFC Gamma

AFCG, AAGIY and ALEX have been added to the Zacks Rank #5 (Strong Sell) List on April 18, 2023.

New Strong Sell Stocks for April 18th

HONOLULU , April 16, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, today announced that it completed the private placement of a $60 million unsecured 6.09% note maturing on April 15, 2032 (the "Series M Note") under A&B's existing agreement with Prudential Investment Management, Inc. and its affiliates (collectively, "Prudential"), as amended. Proceeds from the Series M Note will be used to pay down the mortgage note secured by Laulani Village when it matures on May 1, 2024, and for general corporate purposes.

Alexander & Baldwin Announces $60 Million, 6.09% Fixed Rate Financing Maturing in 2032

HONOLULU, April 8, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) will report results for the first quarter 2024, after the market closes, on Thursday, April 25, 2024. In connection with this announcement, A&B will host a conference call and webcast on Thursday, April 25, 2024, at 5:00 p.m.

Alexander & Baldwin Announces First Quarter 2024 Earnings Release and Conference Call Date

Cisco Systems

Nexstar Media Group

ALEX, CSCO and NXST have been added to the Zacks Rank #5 (Strong Sell) List on March 11, 2024.

New Strong Sell Stocks for March 11th

HONOLULU , Feb. 29, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, announced today that its management team will participate in the Citi 2024 Global Property CEO Conference. A&B will participate in a roundtable discussion on Wednesday, March 6, 2024, from 8:50 a.m.

Alexander & Baldwin to Participate in the Citi 2024 Global Property CEO Conference

Alexander & Baldwin, Inc. (ALEX) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Alexander & Baldwin Holdings, Inc. (ALEX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Alexander & Baldwin Holdings, Inc. (ALEX) Reports Q4 Earnings: What Key Metrics Have to Say

Alexander & Baldwin Holdings, Inc. (ALEX) came out with quarterly funds from operations (FFO) of $0.29 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to FFO of $0.31 per share a year ago.

Alexander & Baldwin Holdings, Inc. (ALEX) Q4 FFO and Revenues Surpass Estimates

HONOLULU , Feb. 28, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, today announced net loss available to A&B common shareholders of $3.5 million, or $0.05 per diluted share, and Commercial Real Estate ("CRE") operating profit of $17.0 million for the fourth quarter of 2023. The Company reported net income available to A&B common shareholders of $29.7 million, or $0.41 per diluted share, and CRE operating profit of $81.2 million for the full year of 2023.

Alexander & Baldwin, Inc. Reports Fourth Quarter and Full-Year 2023 Results

HONOLULU , Feb. 27, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, announced today that its management team will participate in the Wolfe Research Virtual Real Estate Conference. A&B will present on Thursday, February 29, 2024, at 2:20 p.m Eastern Time.

Alexander & Baldwin to Participate in the Wolfe Research Virtual Real Estate Conference

Final Phase of Subdivision Provides Unique Commercial Development Opportunities in Kahului, Maui HONOLULU , Feb. 21, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, announced a build-to-suit lease and two sales at its Maui Business Park Phase II (MBP II) project in Kahului, Maui. The first transaction is a build-to-suit industrial lease to develop a Class A, 29,500-square-foot warehouse and distribution facility on two lots totaling 2.4 acres for lease to a national food manufacturer and distributor.

Alexander & Baldwin Announces Three Transactions at Maui Business Park II

HONOLULU , Jan. 31, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, today announced the allocations of the Company's 2023 dividend distributions to its common shares. The table below, presented on a per share basis is provided for information purposes only and should only be used to clarify the information on Form 1099-DIV.

Alexander & Baldwin Announces Reporting Information for 2023 Dividend Distributions

HONOLULU , Jan. 24, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, will report results for the fourth quarter and full-year 2023 after the market closes on Wednesday, February 28, 2024. In connection with this announcement, A&B will host a conference call on Wednesday, February 28, 2024, at 5:00 p.m.

Alexander & Baldwin Announces Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call Date

Chord Energy Corp

Fidelis Insurance Holdings Ltd

ALEX, CHRD and FIHL have been added to the Zacks Rank #5 (Strong Sell) List on January 5, 2024.

New Strong Sell Stocks for January 5th

HONOLULU, Dec. 11, 2023 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, approved a fourth quarter 2023 dividend of $0.2225 (twenty-two and ¼ cents) per share. The dividend is payable on January 8, 2024, to shareholders of record as of the close of business on December 22, 2023.

Alexander & Baldwin Fourth Quarter 2023 Dividend Authorized

BASF SE

FVCBankcorp Inc

ALEX, BASFY and FVCB have been added to the Zacks Rank #5 (Strong Sell) List on November 21, 2023.

New Strong Sell Stocks for November 21st

Nan, Inc. Acquires one of Hawai'i's Largest Paving Contractors; Expands Footprint in Hawai'i HONOLULU , Nov. 15, 2023 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, announced today, it has sold Grace Pacific LLC to Nan, Inc., Hawai'i's largest, locally owned construction company. A&B acquired Grace Pacific, one of the state's largest asphalt paving contractors, materials, and construction companies, in 2013.

Alexander & Baldwin Sells Grace Pacific

HONOLULU , Nov. 9, 2023 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) announced today that its management team will participate in investor meetings at Nareit's REITworld 2023 Annual Conference in Los Angeles, California. Investor material for the conference scheduled for November 14-16, 2023, may be accessed on the Company's website at www.alexanderbaldwin.com.

Alexander & Baldwin to Participate in Nareit's REITworld 2023 Annual Conference

Alexander & Baldwin, Inc. (NYSE:ALEX ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Steve Swett - Investor Relations Lance Parker - Chief Executive Officer Clayton Chun - Chief Financial Officer Kit Millan - Senior Vice President-Asset Management Conference Call Participants Connor Mitchell - Piper Sandler Operator Hello, and welcome to the Alexander & Baldwin Third Quarter 2023 earnings conference call. All participants will be in listen only mode.

Alexander & Baldwin, Inc. (ALEX) Q3 2023 Earnings Call Transcript

Alexander & Baldwin's current P/FFO valuation multiple is way below its historical average. Alexander & Baldwin's potential catalysts include a faster pace of share repurchases, initiatives to maximize the value of portfolio assets, and earnings beats for Q4 2023 and 2024. I retain my Buy rating for ALEX in consideration of both valuations and catalysts.

Alexander & Baldwin: Multiple Catalysts

HONOLULU , Nov. 2, 2023 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, today announced net income available to A&B common shareholders of $14.6 million, or $0.20 per diluted share, and Commercial Real Estate (CRE) operating profit of $20.6 million for the third quarter of 2023. Quarterly Highlights for Q3 2023 Nareit-defined Funds From Operations ("FFO") of $21.1 million, or $0.29 per diluted share / Core FFO of $21.8 million, or $0.30 per diluted share CRE Same-Store Net Operating Income ("NOI") growth and CRE Same-Store NOI growth excluding collections of previously reserved amounts of 6.3% Leased occupancy as of September 30, 2023 was 94.6% Comparable new and renewal leasing spreads for the improved portfolio were 5.5% and 12.3%, respectively Lance Parker, president and chief executive officer, stated: "In the third quarter, our commercial real estate portfolio continued to perform well.

Alexander & Baldwin, Inc. Reports Third Quarter 2023 Results

HONOLULU , Oct. 13, 2023 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, will report results for the third quarter 2023 after the market closes on Thursday, November 2, 2023. In connection with this announcement, A&B will host a conference call on Thursday, November 2, 2023, at 5:00 p.m.

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