Alexander & Baldwin Inc Stock Price, News & Analysis

On March 8, 2021, Alexander & Baldwin (NYSE:ALEX) announced participation in the Citi 2021 Virtual Global Property CEO Conference. Key executives, including Chris Benjamin (CEO) and Brett Brown (CFO), will present on March 11, 2021, from 2:00-2:35 pm EST. The presentation will be available via audio-only webcast on their website. A&B, the largest owner of grocery-anchored shopping centers in Hawai'i, manages approximately 3.9 million square feet of commercial space and focuses on strengthening its commercial real estate portfolio.

Alexander & Baldwin reported Q4 2020 net income of $1 million ($0.01/share), down from $5.2 million ($0.07/share) a year earlier. Full-year net income reached $5.5 million, a recovery from a $36.6 million loss in 2019. Commercial real estate (CRE) revenue fell 12.1% in Q4 and 6.6% for the year, with Same-Store NOI dropping 19.3% in Q4. Despite challenges from COVID-19, the company achieved a high occupancy rate of 98.6% in its industrial portfolio and maintained a dividend of $0.15/share. The 2021 guidance forecasts Core FFO per share between $0.67 to $0.77.

On February 23, 2021, Alexander & Baldwin, Inc. (NYSE:ALEX) announced a first-quarter 2021 dividend of $0.15 per share. This dividend is set to be paid on April 2, 2021, to shareholders recorded as of the close of business on March 18, 2021. A&B is a leading real estate investment trust focused on Hawai'i commercial real estate, managing approximately 3.9 million square feet of commercial space in the state, including grocery-anchored shopping centers.

Alexander & Baldwin, Inc. (NYSE:ALEX) is set to report its fourth quarter and full-year 2020 results on February 25, 2021, after market closure. A live webcast will follow at 5:00 p.m. ET that day for financial analysts and investors. The call will present insights into the company's operating and financial performance, allowing for interactive Q&A. A&B, a leader in Hawai'i's commercial real estate, manages 3.9 million square feet of commercial space and aims to strengthen its Hawai'i-focused portfolio through strategic asset management.

Alexander & Baldwin announced the allocation of its 2020 dividend distributions for common shares. Shareholders will receive $0.340 total for the year, distributed across multiple payments: $0.190 on March 24, 2020, and $0.150 on January 12, 2021. Key dates include an ex-dividend date of March 5 for the first payment, and a record date of December 28 for the last. Shareholders can expect IRS Form 1099-DIV for tax reporting. A&B is a major commercial real estate firm in Hawaii, owning significant retail and industrial properties.

Alexander & Baldwin (NYSE:ALEX) announced participation in two virtual investor conferences set for January 11-13, 2021. Chris Benjamin, Brett Brown, and Lance Parker will present at the ICR Conference 2021 on January 11 at 2:30 pm EST, and at the Capital One Securities Inaugural REIT Conference on January 11-12. Updated investor materials will be available starting January 11 on their website. A&B is a leading commercial real estate company in Hawai'i, owning approximately 3.9 million square feet of commercial space, focusing on expanding its real estate portfolio.

The Board of Directors of Alexander & Baldwin (NYSE:ALEX) approved a fourth quarter 2020 dividend of $0.15 per share, payable on January 12, 2021, to shareholders recorded as of December 28, 2020. This reinstatement reflects the Board's confidence in A&B's portfolio and the improving economy in Hawai'i. A&B owns approximately 3.9 million square feet of commercial space and is focused on enhancing its Hawai'i real estate assets while monetizing non-core holdings.

Alexander & Baldwin (NYSE:ALEX) announces participation in the Nareit REITworld 2020 Virtual Annual Conference from November 17-19, 2020. Key executives, including CEO Chris Benjamin and CFO Brett Brown, will present updated investor materials and November collections data, accessible on their website. A&B is a leading commercial real estate company in Hawai'i, managing approximately 3.9 million square feet of commercial space, including retail centers and industrial assets, focusing on enhancing its Hawai'i CRE portfolio.

Alexander & Baldwin (ALEX) reported third-quarter 2020 financial results showing a net income of $3.0 million, a significant turnaround from a $49.8 million loss in Q3 2019. Funds From Operations (FFO) improved to $12.5 million, a shift from a negative $40 million the previous year. While commercial real estate revenue declined by 16.4% to $35.7 million, the company achieved an 81% collection rate for the quarter. The portfolio maintained a 93.5% occupancy rate, with 35 new leases signed. The company anticipates a catch-up dividend in Q4 and is focused on supporting the tourism sector amidst ongoing COVID-19 uncertainties.