Alexander & Baldwin Expects 2024 Adjusted FFO Per Share Of $0.80-$0.90; Est $1.15
$ALEX
Real Estate Investment Trusts
Real Estate
In 2024, the Company will no longer report Core FFO and will begin to report Adjusted FFO.
In 2024, the Company will no longer report Core FFO and will begin to report Adjusted FFO.
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| 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
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
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
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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
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.
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