Alexander & Baldwin Inc Stock Price, News & Analysis

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.

Alexander & Baldwin, Inc. (ALEX) will report its third quarter 2020 results after market close on October 29, 2020. A live webcast will follow at 5:00 p.m. ET for financial analysts and investors, featuring insights into the company's operating and financial performance. This event will be accessible through A&B's website, with presentation slides available post-market close. A&B is a leading commercial real estate company in Hawai'i, managing significant retail and industrial spaces.

Alexander & Baldwin, Inc. (NYSE:ALEX) participated in the Sidoti Fall 2020 Virtual Investor Conference on September 23-24, 2020. Key executives, including Chris Benjamin, Brett Brown, and Lance Parker, represented the company. Attendees can access updated investor materials, including September collections data, on the company's website. A&B is a leading commercial real estate firm in Hawaii, managing approximately 3.9 million square feet of commercial space and focusing on expanding its Hawaii CRE portfolio.

On September 15, 2020, Alexander & Baldwin (NYSE:ALEX) announced participation in the Bank of America Merrill Lynch 2020 Global Real Estate Virtual Conference. Key executives, including CEO Chris Benjamin and CFO Brett Brown, will represent the company. Updated investor materials, including September collections data, are available on their website. A&B, a leading commercial real estate firm in Hawai'i, operates approximately 3.9 million square feet of commercial space and aims to strengthen its local portfolio while monetizing non-core assets.

Alexander & Baldwin (ALEX) announced participation in the virtual BMO Capital Markets 2020 Real Assets Conference on September 2-3, 2020. Key executives including Chris Benjamin, Brett Brown, and Lance Parker will represent the company. Investors can access materials from the conference on the company’s website. As the largest owner of grocery-anchored shopping centers in Hawai'i, A&B operates 3.9 million square feet of commercial space, focusing on expanding its Hawai'i CRE portfolio and monetizing non-core assets.

Alexander & Baldwin reported Q2 2020 financial results highlighting significant impacts from the COVID-19 pandemic. The company faced a 12.2% decline in Net Operating Income (NOI) and a 16.8% drop in Same-Store NOI compared to Q2 2019. While commercial real estate (CRE) revenue decreased by 13.0%, occupancy rates remained relatively stable at 94.6%. The company executed 42 leases, demonstrating resilience, while also closing several non-core asset sales to enhance liquidity. Due to market uncertainties, A&B suspended dividends and refrained from providing guidance.

Alexander & Baldwin (NYSE: ALEX) announced the retirement of Chairman Stan Kuriyama, effective September 30, 2020. He will be succeeded by Eric Yeaman, an independent director since 2012. John Leong has been appointed as an independent director, effective October 1, 2020, and will stand for election at the 2021 annual meeting. The board remains largely independent, reinforcing governance practices. This leadership transition aims to foster growth and uphold commitments to environmental and social stewardship.

Alexander & Baldwin (NYSE:ALEX) will announce its second-quarter 2020 results on August 6, 2020, after market close. A live conference call will follow at 5:00 p.m. ET, featuring presentations on financial performance by CEO Chris Benjamin and CFO Brett Brown. Investors can access the webcast via A&B's website, where presentation slides will also be available for download post-announcement. A&B is Hawaii's leading commercial real estate firm, owning approximately 3.9 million square feet of commercial space, focusing on strengthening its local portfolio while monetizing non-core assets.