Alexander & Baldwin Inc Stock Price, News & Analysis

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.

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.