Alexander & Baldwin Inc Stock Price, News & Analysis

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.

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.