Alexander & Baldwin Inc Stock Price, News & Analysis

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.

Alexander & Baldwin, Inc. (NYSE:ALEX) will announce its fourth quarter and full-year 2021 results on February 24, 2022, after market close. A conference call and webcast are scheduled for the same day at 5:00 p.m. ET, featuring presentations from top executives including CEO Chris Benjamin and CFO Brett Brown. A&B is a major player in Hawai'i's commercial real estate sector, managing approximately 3.9 million square feet of commercial space, and will provide insights into its financial performance during the call. Presentation slides will be available post-market close.

Alexander & Baldwin, Inc. (NYSE:ALEX) announced 2021 dividend distributions totaling $0.670 per share. The company provided details on the ex-dividend, record, and payable dates for four distributions: $0.150 on March 17, $0.160 on June 25, and $0.180 on September 16 and December 22. Shareholders will receive IRS Form 1099-DIV for tax purposes. A&B specializes in Hawai'i commercial real estate and is the largest owner of grocery-anchored shopping centers in the state.

Alexander & Baldwin (NYSE:ALEX) announced participation in the Capital One Securities 2022 REIT Conference on January 10-11, 2022. Key executives including Chris Benjamin, Lance Parker, Brett Brown, and Clayton Chun will represent the company. Investor materials will be accessible on their website. A&B focuses exclusively on Hawai'i commercial real estate, owning approximately 3.9 million square feet of commercial space, including grocery-anchored shopping centers. The company aims to enhance its portfolio by monetizing non-core assets.

Alexander & Baldwin (NYSE:ALEX) has announced that key executives, including Chris Benjamin and Lance Parker, will participate in the Jefferies Real Estate Conference on December 15-16, 2021. The event will be held virtually, allowing investors to access relevant materials on their website. A&B focuses on Hawai'i commercial real estate, managing approximately 3.9 million square feet of commercial space, including grocery-anchored centers and industrial assets. The company aims to enhance its portfolio by monetizing non-core assets.

The Board of Directors of Alexander & Baldwin (NYSE:ALEX) has declared a fourth quarter 2021 dividend of $0.18 per share, payable on January 6, 2022. Shareholders on record as of December 23, 2021 will receive this dividend. As Hawaii's largest owner of grocery-anchored shopping centers, A&B continues to focus on expanding its commercial real estate portfolio while monetizing non-core assets, reflecting its long-term commitment to the state's economy.

On November 12, 2021, Alexander & Baldwin (NYSE:ALEX) completed the sale of its Kukui`ula residential development in Kaua`i to Brue Baukol Capital Partners. A&B, in partnership with DMB Development, had focused on the project since 2002, resulting in a thriving community with over 280 lots sold. The sale aligns with A&B's strategy to concentrate on commercial real estate, allowing for potential expansion in this sector. A&B retains interests in Kaua`i, including the nearby Shops at Kukui`ula retail center.

Alexander & Baldwin (NYSE:ALEX) announced participation in the virtual Nareit's REITworld: 2021 Annual Conference from November 9–11, 2021. Key executives, including Chris Benjamin, Lance Parker, Brett Brown, and Clayton Chun, will represent the company. Investors can access conference materials via the company's website. A&B is Hawaii's largest grocery-anchored shopping center owner, managing approximately 3.9 million square feet of commercial real estate. They focus on expanding their Hawaii portfolio by monetizing non-core assets.