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 (ALEX) maintains Hawaii's largest portfolio of commercial real estate assets as a focused REIT. This news hub provides investors with essential updates on property operations, financial performance, and strategic initiatives shaping Hawaii's unique real estate market.
Access timely reports on earnings announcements, retail center developments, and land management activities. Our curated collection features press releases about industrial space leasing, office property acquisitions, and updates on legacy assets including the company's historic agricultural holdings.
Key updates cover balance sheet management strategies, sustainability initiatives, and market-specific operational adjustments. Track ALEX's progress in maintaining its position as Hawaii's premier commercial property owner through verified corporate communications.
Bookmark this page for direct access to unfiltered financial disclosures and operational announcements. Check regularly for new developments impacting this REIT's grocery-anchored retail centers, industrial facilities, and strategic land assets across the Hawaiian Islands.
Alexander & Baldwin, Inc. reported strong financial results for Q2 2022, achieving a 4.4% increase in Same-Store NOI and a 12.0% increase in Core FFO per diluted share year-over-year. Total leased occupancy reached 94.6%, while the company executed 76 leases with notable leasing spreads. The sale of approximately 18,900 acres of land on Kaua'i marks a significant strategic move, contributing $73.9 million in net cash proceeds. The company declared a dividend increase of $0.22 per share and revised its full-year guidance upward, reflecting improved performance expectations.
Alexander & Baldwin (NYSE:ALEX) has announced a $0.22 per share dividend for Q3 2022, marking a 10% increase from Q2 2022's $0.20. This is the third consecutive quarterly increase, reflecting strong commercial real estate performance. The dividend will be payable on October 5, 2022, to shareholders of record by September 19, 2022. CEO Chris Benjamin expressed satisfaction with the portfolio's performance, which supports the dividend increase.
Alexander & Baldwin, Inc. (NYSE:ALEX) will report its second quarter 2022 financial results on July 28, 2022, after market close. The report will be followed by a conference call and webcast held at 5:00 p.m. ET on the same day. Key company executives will discuss operating performance and answer questions from analysts. A&B is focused on Hawai'i commercial real estate, managing approximately 3.9 million square feet of space, including 22 retail centers. The earnings call will be accessible via their website.
Alexander & Baldwin, Inc. (NYSE:ALEX) announced its participation in the Nareit's REITweek: 2022 Investor Conference, taking place in New York from June 7–9, 2022. The company will present an overview of its business operations on June 8, 2022, at 3:30 p.m. Eastern Time, followed by a Q&A session. Investors can access the live webcast here. A&B is the largest owner of neighborhood shopping centers in Hawai'i, managing approximately 3.9 million square feet of commercial space.
Alexander & Baldwin reported strong Q1 2022 results with a 17% increase in Same-Store NOI and 38% increase in Core FFO per share year-over-year. Net income reached $10.5 million or $0.14 per share. Commercial real estate revenue rose by 15.5% to $46.1 million, with total leasing occupancy at 94.5%. The company declared a $0.20 quarterly dividend, reflecting robust performance and revised full-year guidance for Core FFO per diluted share to $1.01 to $1.07.
The Board of Directors of Alexander & Baldwin (NYSE: ALEX) has approved a $0.20 dividend per share for Q2 2022, marking a 1-cent increase from Q1 2022's $0.19. This is the second consecutive quarterly increase, driven by strong commercial real estate results. The upcoming dividend is payable on July 6, 2022, with a record date of June 17, 2022. A&B focuses on Hawai'i commercial real estate and is the largest owner of grocery-anchored shopping centers in the state.
Alexander & Baldwin, Inc. (NYSE:ALEX) will release its first-quarter 2022 financial results after the market closes on May 5, 2022. Following the announcement, a conference call and webcast will take place at 5:00 p.m. ET, featuring senior management, including CEO Chris Benjamin. The event will cover operating and financial performance, along with a Q&A session with sell-side analysts. Presentation slides will be available on A&B's Investors page following the market's closure on the same date.
Alexander & Baldwin (NYSE:ALEX) announced participation in the Citi 2022 Global Property CEO Conference by key executives, including CEO Chris Benjamin and COO Lance Parker. The event will feature a live webcast on March 9, 2022, from 10:30 a.m. to 11:05 a.m. ET. A replay will be available twelve hours post-event. A&B focuses on Hawai'i commercial real estate, managing about 3.9 million square feet of commercial space. For more details, visit www.alexanderbaldwin.com.
Alexander & Baldwin (ALEX) announced strong financial results for Q4 and full-year 2021, with a significant 17% increase in Commercial Real Estate (CRE) Net Operating Income (NOI) and a 26% rise in Core Funds From Operations (Core FFO).
Fourth-quarter net income was $6.1 million ($0.08/share), compared to $1.0 million ($0.01/share) in Q4 2020. Full-year net income reached $35.1 million ($0.48/share), boosted by strong CRE performance, despite a $29 million impairment in the Materials & Construction segment.
The company plans to focus on growth as it transitions to a pure-play Hawai'i CRE firm.
The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) has approved a first quarter 2022 dividend of $0.19 per share, reflecting a 1-cent increase from the fourth quarter 2021 dividend of $0.18. This dividend return is the company’s first step back to its pre-pandemic level. The payment date is set for April 5, 2022, for shareholders on record by the close of business on March 18, 2022.
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