Welcome to our dedicated page for Alexander & Baldwin news (Ticker: ALEX), a resource for investors and traders seeking the latest updates and insights on Alexander & Baldwin stock.
Alexander & Baldwin, Inc. (NYSE: ALEX) is a Hawai'i-based real estate investment trust that focuses exclusively on Hawai'i commercial real estate. Company news frequently highlights its position as the state's largest owner of grocery-anchored, neighborhood shopping centers and its ownership, operation and management of approximately 4.0 million square feet of commercial space across retail, industrial, office and ground lease assets.
News coverage for ALEX often centers on its Commercial Real Estate segment performance, including quarterly results, funds from operations (FFO), same-store net operating income (NOI), leased occupancy and leasing spreads. Regular earnings releases provide detail on CRE operating revenue and operating profit, leasing activity across improved properties, and occupancy trends in the retail and industrial portfolios.
Another key theme in Alexander & Baldwin news is development and redevelopment activity within its Hawai'i portfolio. The company has issued press releases describing projects such as new Class A industrial buildings at Komohana Industrial Park in Kapolei, O'ahu, and a warehouse and distribution center at Maui Business Park, as well as long-term ground leases that convert non-income producing land into income-producing assets.
Capital markets and balance sheet updates also appear in ALEX news, including amendments to its revolving credit facility, the addition of a term loan facility and related interest rate swaps. In December 2025, a major news item was the announcement of a definitive merger agreement under which a joint venture formed by MW Group and funds affiliated with Blackstone Real Estate and DivcoWest will acquire all outstanding A&B common shares in an all-cash transaction, after which the company states it will become a private company, subject to closing conditions. Investors and observers can use the ALEX news feed to follow these earnings announcements, portfolio developments, financing actions and transaction milestones over time.
Alexander & Baldwin (NYSE: ALEX) has announced its plans to report third quarter 2024 earnings on Thursday, October 24, 2024, after market close. The company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the results. The event will feature a presentation on Q3 2024 operating and financial performance, followed by a Q&A session with sell-side research analysts.
Key participants in the call will include Lance Parker, president and CEO, and Clayton Chun, executive VP, CFO, and treasurer. Interested parties can join via phone (Domestic: 1-800-836-8184, International: 1-646-357-8785) or access the webcast online. Earnings documents will be available for download from A&B's investor website after market close on October 24.
Alexander & Baldwin (NYSE: ALEX) has acquired 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 subsidiary of C&S Wholesale Grocers. The property's central location provides easy access to key transportation hubs.
Lance Parker, A&B's president & CEO, stated that this acquisition aligns with the company's strategy to expand its commercial real estate portfolio in Hawai'i, focusing on retail, industrial, and ground lease assets. The investment is expected to be immediately accretive to Funds From Operations (FFO) and allows A&B to reinvest proceeds from asset sales into higher-yielding investments.
Alexander & Baldwin, Inc. (NYSE: ALEX) reported Q2 2024 results with net income of $9.1 million, or $0.13 per diluted share. Commercial Real Estate (CRE) operating profit was $22.6 million. Key highlights include:
- Funds From Operations (FFO) of $20.6 million, or $0.28 per diluted share
- CRE Same-Store Net Operating Income (NOI) growth of 0.9%
- Leased occupancy at 93.9% as of June 30, 2024
- Comparable blended leasing spreads of 7.3% for the improved portfolio
The company raised its 2024 guidance, projecting CRE Same-Store NOI growth of 1.25% to 2.25% and FFO per diluted share of $1.17 to $1.26. ALEX's balance sheet shows total debt of $469.8 million and a debt-to-total market capitalization of 27.6%.
Alexander & Baldwin (NYSE: ALEX), a Hawai'i-based commercial real estate firm, announced a third quarter 2024 dividend of $0.2225 per share. This dividend is payable on October 7, 2024, to shareholders of record as of September 20, 2024. Alexander & Baldwin, the largest owner of grocery-anchored, neighborhood shopping centers in Hawai'i, manages around 3.9 million square feet of commercial space across 22 retail centers, 13 industrial assets, four office properties, and 142.0 acres of ground lease assets. The company holds a significant presence in Hawai'i's commercial real estate sector, with a history spanning 154 years.
Alexander & Baldwin (NYSE: ALEX), a Hawai'i-based commercial real estate firm, will release its second quarter 2024 financial results on July 25, 2024, after the market closes. The company will host a conference call and webcast the same day at 5:00 p.m. ET, where senior management, including CEO Lance Parker and CFO Clayton Chun, will discuss the company's performance. The conference call can be accessed domestically at 1-800-836-8184 and internationally at 1-646-357-8785. The webcast will be available on the company's website, where earnings documents will also be accessible post-market close.
Alexander & Baldwin (NYSE: ALEX), a prominent Hawai'i-based commercial real estate company, will participate in Nareit's REITweek: 2024 Investor Conference in New York.
The company's management will present an overview of its business and operations, followed by a Q&A session on June 4, 2024, from 2:15 p.m. to 2:45 p.m. Eastern Time.
The live webcast and replay will be accessible online. Investor materials for the conference scheduled from June 3-6, 2024, will be available on Alexander & Baldwin's official website.
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