Alexander & Baldwin, Inc. ("A&B") is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, ten industrial assets and four office properties, as well as 154 acres of ground leases. These core assets comprise nearly 72% of A&B's total assets. A&B's non-core assets include renewable energy generation facilities, approximately 27,000 acres of agricultural and conservation land and a vertically integrated paving business. A&B is achieving its strategic objective of becoming a Hawai'i-focused commercial real estate company by expanding and strengthening its Hawai'i CRE portfolio and monetizing non-core assets. Over its 150-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.
IPO Year:
Exchange: NYSE
Website: alexanderbaldwin.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/8/2024 | $22.00 | Buy | Alliance Global Partners |
| 7/26/2024 | $17.00 → $22.00 | Neutral → Overweight | Piper Sandler |
| 12/12/2023 | $20.00 | Buy | Janney |
| 11/29/2023 | Mkt Perform | JMP Securities | |
| 11/14/2022 | $20.00 | Overweight → Neutral | Piper Sandler |
| 7/30/2021 | $20.00 → $22.00 | Neutral → Overweight | Piper Sandler |
Alliance Global Partners initiated coverage of Alexander & Baldwin with a rating of Buy and set a new price target of $22.00
Piper Sandler upgraded Alexander & Baldwin from Neutral to Overweight and set a new price target of $22.00 from $17.00 previously
Janney initiated coverage of Alexander & Baldwin with a rating of Buy and set a new price target of $20.00
JMP Securities initiated coverage of Alexander & Baldwin with a rating of Mkt Perform
Piper Sandler downgraded Alexander & Baldwin from Overweight to Neutral and set a new price target of $20.00
Piper Sandler upgraded Alexander & Baldwin from Neutral to Overweight and set a new price target of $22.00 from $20.00 previously
HONOLULU, Oct. 24, 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 $19.0 million, or $0.26 per diluted share, and Commercial Real Estate ("CRE") operating profit of $22.8 million for the third quarter of 2024. Q3 2024 Highlights Funds From Operations ("FFO") of $28.2 million, or $0.39 per diluted share / Adjusted FFO of $23.4 million, or $0.32 per diluted shareCRE Same-Store Net Oper
HONOLULU, Oct. 21, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE:ALEX), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i, announced today that it has amended its revolving credit facility, which extends the term of the facility to October 2028, with two six-month extension options and provides for $450 million of borrowing capacity. The interest rate under the amended revolving credit facility remains unchanged from the prior facility, bearing interest at a rate of SOFR plus 1.05% based on a leverage-based pricing grid, pl
HONOLULU, Oct. 7, 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, will report results for the third quarter 2024, after the market closes, on Thursday, October 24, 2024. In connection with this announcement, A&B will host a conference call and webcast on Thursday, October 24, 2024, at 5:00 p.m. ET. The call and webcast will feature a discussion on third quarter 2024 operating and financial performance, followed by questions from sell-side research
Expands Industrial Footprint in Central Oahu HONOLULU, Sept. 23, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE:ALEX) ("A&B" or the "Company"), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate, announced it has completed an off-market acquisition of an industrial property in Pearl City, O'ahu for $29.7 million. The 81,500-square-foot food distribution facility is fully leased to Hansen Distribution Group, a broadline food service subsidiary of C&S Wholesale Grocers, an industry leader in supply chain solutions and wholesale grocery s
HONOLULU, July 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 $9.1 million, or $0.13 per diluted share, and Commercial Real Estate ("CRE") operating profit of $22.6 million for the second quarter of 2024. Q2 2024 Highlights Funds From Operations ("FFO") of $20.6 million, or $0.28 per diluted share / Adjusted FFO of $16.9 million, or $0.23 per diluted shareCRE Same-Store Net Oper
HONOLULU, July 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 third quarter 2024 dividend of $0.2225 (twenty-two and ¼ cents) per share. The dividend is payable on October 7, 2024, to shareholders of record as of the close of business on September 20, 2024. ABOUT ALEXANDER & BALDWINAlexander & Baldwin, Inc. (NYSE:ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Haw
HONOLULU, July 9, 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, will report results for the second quarter 2024, after the market closes, on Thursday, July 25, 2024. In connection with this announcement, A&B will host a conference call and webcast on Thursday, July 25, 2024, at 5:00 p.m. ET. The call and webcast will feature a discussion on second quarter 2024 operating and financial performance, followed by questions from sell-side research analysts participating in the interactive portion of the discussion. Parties listening via the webcast will be in a liste
HONOLULU, May 28, 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 that its management team will participate in Nareit's REITweek: 2024 Investor Conference in New York. A&B will present an overview of its business and operations, followed by a question and answer session. Alexander & Baldwin PresentationDate: Tuesday, June 4, 2024Time: 2:15 p.m. – 2:45 p.m. Eastern TimeEvent Link: Alexander & Baldwin Webcast The webcast may be accessed at the above link. A replay of the webcast will also be made available. Investor Materials for the conference sch
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 shareCRE Same-Store Net Ope
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. ABOUT ALEXANDER & BALDWINAlexander & Baldwin, Inc. (NYSE:ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i c
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HONOLULU, Oct. 24, 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 $19.0 million, or $0.26 per diluted share, and Commercial Real Estate ("CRE") operating profit of $22.8 million for the third quarter of 2024. Q3 2024 Highlights Funds From Operations ("FFO") of $28.2 million, or $0.39 per diluted share / Adjusted FFO of $23.4 million, or $0.32 per diluted shareCRE Same-Store Net Oper
HONOLULU, Oct. 7, 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, will report results for the third quarter 2024, after the market closes, on Thursday, October 24, 2024. In connection with this announcement, A&B will host a conference call and webcast on Thursday, October 24, 2024, at 5:00 p.m. ET. The call and webcast will feature a discussion on third quarter 2024 operating and financial performance, followed by questions from sell-side research
Expands Industrial Footprint in Central Oahu HONOLULU, Sept. 23, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE:ALEX) ("A&B" or the "Company"), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate, announced it has completed an off-market acquisition of an industrial property in Pearl City, O'ahu for $29.7 million. The 81,500-square-foot food distribution facility is fully leased to Hansen Distribution Group, a broadline food service subsidiary of C&S Wholesale Grocers, an industry leader in supply chain solutions and wholesale grocery s
HONOLULU, July 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 $9.1 million, or $0.13 per diluted share, and Commercial Real Estate ("CRE") operating profit of $22.6 million for the second quarter of 2024. Q2 2024 Highlights Funds From Operations ("FFO") of $20.6 million, or $0.28 per diluted share / Adjusted FFO of $16.9 million, or $0.23 per diluted shareCRE Same-Store Net Oper
HONOLULU, July 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 third quarter 2024 dividend of $0.2225 (twenty-two and ¼ cents) per share. The dividend is payable on October 7, 2024, to shareholders of record as of the close of business on September 20, 2024. ABOUT ALEXANDER & BALDWINAlexander & Baldwin, Inc. (NYSE:ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Haw
HONOLULU, July 9, 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, will report results for the second quarter 2024, after the market closes, on Thursday, July 25, 2024. In connection with this announcement, A&B will host a conference call and webcast on Thursday, July 25, 2024, at 5:00 p.m. ET. The call and webcast will feature a discussion on second quarter 2024 operating and financial performance, followed by questions from sell-side research analysts participating in the interactive portion of the discussion. Parties listening via the webcast will be in a liste
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 shareCRE Same-Store Net Ope
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. ABOUT ALEXANDER & BALDWINAlexander & Baldwin, Inc. (NYSE:ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i c
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. ET. The call and webcast will feature a discussion on first quarter 2024 operating and financial performance, followed by questions from sell-side research analysts participating in the interactive portion of the discussion. Parties listening via the webcast will be in a l
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.
HEI Chief Financial Officer Paul Ito to Become CFO of Hawaiian Electric Company Through Approximately December 31, 2024, Following Planned Retirement of Tayne Sekimura Utility Industry Veteran Scott DeGhetto to Join HEI as CFO Until Ito Resumes Position Hawaiian Electric Industries, Inc. (NYSE:HE) ("HEI"), today announced the following leadership plans at HEI and Hawaiian Electric Company, Inc. ("Hawaiian Electric"), a subsidiary of HEI, effective October 1, 2023: Hawaiian Electric SVP, CFO & Treasurer Tayne Sekimura will retire on September 30, 2023, after 32 years of service. Sekimura's retirement plans were announced internally early this year. Hawaiian Electric is at an unprec
A&B's planned leadership transition continues with the appointment of Lance Parker as a director HONOLULU, June 30, 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 that Shelee Kimura has been appointed to serve on its Board of Directors, effective July 1, 2023. Kimura joins the Board after the departure of Michele Saito, who has been a director since 2012. "I am so pleased to welcome Shelee Kimura to our Board of Direct
HONOLULU, May 24, 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 the appointment of Jeff Pauker to executive vice president and chief investment officer. Since 2018, Pauker has led A&B's investments team, responsible for core and opportunistic real estate investments, property dispositions, and asset-level financings. In addition to his current leadership role, Pauker will assume oversight of the Company's strategic as
TEJON RANCH, Calif., May 05, 2023 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC) announced today the appointment of Brett A. Brown as Executive Vice President and Chief Financial Officer. Brown was most recently Executive Vice President, Chief Financial Officer, and Treasurer at Alexander & Baldwin, Inc. (NYSE:ALEX), in Honolulu, HI. Brown will assume the position from current CFO Allen Lyda, who will continue his other responsibilities as Executive Vice President and Chief Operating Officer. Brown will report directly to Lyda in his new role. "We are extremely pleased to have a person of the caliber and experience of Brett Brown join our executive management team," said Gregory S. Biel
Benjamin to Retire, Parker Appointed CEO HONOLULU, Feb. 1, 2023 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE:ALEX) ("A&B" or "Company"), a premier Hawai`i commercial real estate company, today announced that Lance K. Parker, currently A&B's president & chief operating officer (COO), has been appointed the Company's new president & chief executive officer (CEO) effective July 1, 2023. Parker will succeed CEO Christopher J. Benjamin who will retire on June 30 but serve as a consultant through the end of 2023 to ensure a smooth transition and complete various aspects of A&B's simplification strategy.
HONOLULU, Jan. 3, 2023 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE), the parent company to Hawaiian Electric Company, Inc. (Hawaiian Electric) and American Savings Bank, F.S.B. (ASB), has appointed Paul K. Ito as executive vice president and chief financial officer (CFO), effective January 1, 2023. Ito has been serving as HEI's interim CFO since July 2022. Ito was selected following a broad, national search conducted by the HEI leadership team and its board of directors. Ito has been with HEI since 2018, where he has served as vice president of tax, contr
HONOLULU, Dec. 12, 2022 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE:ALEX) ("A&B" or "Company"), a premier Hawai'i commercial real estate company, today announced the appointment of Lance K. Parker, currently the Company's chief operating officer, to the additional position of president, effective January 1, 2023. Christopher J. Benjamin, currently president and chief executive officer, will remain the Company's CEO. "The Board and I are pleased to recognize Lance's remarkable contributions to A&B and Hawai'i," said Benjamin. "Over the past 18 years, Lance has been instrume
HONOLULU, Aug. 23, 2022 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE:ALEX) ("A&B" or "Company") today announced the appointment of Clayton K.Y. Chun to executive vice president and chief financial officer, effective December 1, 2022. Mr. Chun will succeed Brett A. Brown as part of the Company's continuing simplification efforts and growing focus on Hawai'i commercial real estate ("CRE"). The Company also announced the appointment of Anthony J. Tommasino to vice president and controller, effective October 1, 2022. Mr. Brown will remain with the Company through November 30, 2022, to support the transition.
SAN CLEMENTE, Calif., Dec. 10, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of CareTrust REIT, Inc. (NASDAQ:CTRE) today announced the appointment of David Sedgwick as Chief Executive Officer, to be effective as of January 1, 2022. Mr. Sedgwick will succeed founding Chairman and CEO Greg Stapley, who will continue to serve as CareTrust's Executive Chairman during an approximately six-month transition period, following which he and his wife Deborah will commence a three-year, full-time volunteer assignment for The Church of Jesus Christ of Latter-day Saints. The Board also announced that Diana M. Laing has been appointed as Lead Independent Director. Mr. Sedgwick, who has been with CareT
Alexander & Baldwin (NYSE:ALEX) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.12 by 133.33 percent. This is a 300 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $61.202 million which beat the analyst consensus estimate of $49.067 million by 24.73 percent. This is a 21.43 percent increase over sales of $50.400 million the same period last year.
Piper Sandler analyst Alexander Goldfarb maintains Alexander & Baldwin (NYSE:ALEX) with a Neutral and lowers the price target from $19 to $17.
In 2024, the Company will no longer report Core FFO and will begin to report Adjusted FFO.
Alexander & Baldwin (NYSE:ALEX) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $0.06 by 100 percent. This is a 45.45 percent decrease over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $52.90 million which beat the analyst consensus estimate of $49.16 million by 7.62 percent. This is a 25.28 percent decrease over sales of $70.80 million the same period last year.
Companies Reporting Before The Bell • ICL Group (NYSE:ICL) is likely to report quarterly earnings at $0.08 per share on revenue of $1.69 billion. • Golden Ocean Group (NASDAQ:GOGL) is likely to report quarterly earnings at $0.27 per share on revenue of $193.12 million. • Wallbox (NYSE:WBX) is likely to report earnings for its fourth quarter. • Immunocore Hldgs (NASDAQ:IMCR) is estimated to report quarterly loss at $0.28 per share on revenue of $67.23 million. • Royal Bank of Canada (NYSE:RY) is likely to report quarterly earnings at $2.08 per share on revenue of $9.95 billion. • TG Therapeutics (NASDAQ:TGTX) is likely to report quarterly loss at $0.10 per share on revenue of $40.06 mil
Alexander & Baldwin (NYSE:ALEX) is set to give its latest quarterly earnings report on Wednesday, 2024-02-28. Here's what investors need to know before the announcement. Analysts estimate that Alexander & Baldwin will report an earnings per share (EPS) of $0.27. Alexander & Baldwin bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.16, which was followed by a 2.7%
Final Phase of Subdivision Provides Unique Commercial Development Opportunities in Kahului, MauiHONOLULU, 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. The tenant will relocate their existing operati
Wednesday marks the last chance for investors to receive the next dividend payout from Alexander & Baldwin (NYSE:ALEX). What's Happening The company announced on Monday that it would pay shareholders a quarterly dividend of 22.25 cents per share. On Thursday, Alexander & Baldwin will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 22.25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own ALEX as of the end of Wednesday's session are eligible to receive the
Janney Montgomery Scott analyst Robert Stevenson initiates coverage on Alexander & Baldwin (NYSE:ALEX) with a Buy rating and announces Price Target of $20.