Alexander & Baldwin Inc Stock Price, News & Analysis

The Board of Directors of Alexander & Baldwin (NYSE: ALEX) approved a fourth quarter 2022 dividend of $0.22 per share, payable on January 6, 2023. Shareholders of record as of December 23, 2022 will receive this dividend. A&B focuses on Hawai'i commercial real estate, managing approximately 3.9 million square feet of commercial space, including 22 retail centers and 12 industrial assets. The company is continuing to optimize its portfolio by monetizing non-core assets.

Alexander & Baldwin (ALEX) has appointed Lance K. Parker as the new president, effective January 1, 2023. Parker, currently the chief operating officer, has been with the company for 18 years and has played a key role in its transformation into a leading commercial real estate firm in Hawai'i. The CEO, Christopher J. Benjamin, will retain his position. Parker's extensive experience and commitment to the local community are expected to enhance A&B's real estate presence.

Alexander & Baldwin, Inc. (NYSE:ALEX) announced its participation in the Sidoti December 2022 Small-Cap Virtual Conference, taking place on December 7-8, 2022. The company's management will present during a live webcast on December 7, 2022, from 4:00 p.m. to 4:30 p.m. Eastern Time. Investors can access the webcast through the provided link. A&B, focused solely on Hawai'i's commercial real estate, manages approximately 3.9 million square feet across various properties, cementing its role as the state's largest owner of grocery-anchored shopping centers.

Alexander & Baldwin, Inc. (NYSE:ALEX) announced its participation in the Nareit's REITworld 2022 Annual Conference from November 15–17, 2022, in San Francisco. This event presents a significant opportunity for A&B's management team to engage with investors and showcase the company's strategic focus on Hawai'i commercial real estate. A&B is the largest owner of grocery-anchored shopping centers in Hawai'i, managing approximately 3.9 million square feet of commercial space. Investor materials are accessible on A&B's website.

Alexander & Baldwin, a Hawai'i-based firm, reported strong Q3 2022 results with a 2.8% increase in Same-Store NOI and a 4.0% rise in Core FFO per diluted share year-over-year. Leased occupancy stood at 94.6%. Notable financials include net income of $6.3 million and Core FFO of $18.9 million. The company is focusing on growth opportunities, enhancing properties sustainably, and has improved its full-year guidance, projecting Core FFO per share between $1.07 and $1.11.

Alexander & Baldwin, Inc. (NYSE: ALEX) will release its third quarter 2022 results after market close on November 3, 2022. A conference call and webcast will follow the same day at 5:00 p.m. ET, featuring a presentation on the company's operating and financial performance. Key executives, including CEO Chris Benjamin and CFO Brett Brown, will participate in the discussion. Interested parties can listen to the call by dialing in or via the webcast available on A&B's website. Presentation slides will be downloadable after the market closes on the same date.

On September 21, 2022, Alexander & Baldwin (NYSE: ALEX) announced participation in the Sidoti Small-Cap Conference, set to occur virtually. The live webcast of their presentation will be held from 4:00 to 4:30 p.m. Eastern Time on the same day. Investors can access the conference materials and the webcast link on the company's official website. As a leading real estate investment trust in Hawai'i, A&B manages approximately 3.9 million square feet of commercial space and focuses on expanding its commercial real estate portfolio.

Alexander & Baldwin, Inc. (NYSE: ALEX) will participate in the Bank of America Securities 2022 Global Real Estate Conference held in New York on September 13–14, 2022. Investors can access relevant materials on the company's website. A&B specializes in Hawai'i commercial real estate and is the largest owner of grocery-anchored shopping centers in the state, managing approximately 3.9 million square feet of commercial space. The company aims to strengthen its portfolio by monetizing non-core assets while continuing its historical role in the local economy.

On August 23, 2022, Alexander & Baldwin (NYSE: ALEX) announced the promotion of Clayton K.Y. Chun to executive vice president and chief financial officer, effective December 1, 2022. Chun, currently the chief accounting officer, replaces Brett A. Brown, who will assist in the transition until November 30. Additionally, Anthony J. Tommasino has been appointed vice president and controller, effective October 1, 2022. The changes reflect the company's ongoing simplification strategies and enhanced focus on Hawai'i commercial real estate.