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 reported a strong second quarter of 2021 with a net income of $12.8 million, up from a net loss of $4.7 million in Q2 2020. The company experienced a 13% increase in Commercial Real Estate (CRE) Net Operating Income and a 20% rise in Core FFO compared to the prior quarter. Significant achievements included the execution of 59 leases and monetization of $19 million from the Kukui'ula joint venture projects. A quarterly dividend of $0.18 per share was announced, reflecting continued confidence in CRE growth. The annual guidance was revised upward for Core FFO and Same-Store NOI.
The Board of Directors of Alexander & Baldwin (NYSE:ALEX) has declared a $0.18 per share dividend for Q3 2021, marking a 12.5% increase from the previous quarter's $0.16. This is the second consecutive quarterly increase, reflecting the Board's confidence in the recovery of the Hawai'i economy and improved commercial real estate performance. The dividend is scheduled for payment on October 4, 2021, for shareholders recorded by the close of business on September 17, 2021.
Alexander & Baldwin, Inc. (NYSE:ALEX) will release its second-quarter earnings on July 29, 2021, following the market close. A conference call will take place the same day at 5:00 p.m. ET, featuring key executives including CEO Chris Benjamin and CFO Brett Brown. The call will provide insights into the company's operating and financial performance, followed by an interactive Q&A session. Investors can access the webcast on the company's website, with presentation slides available post-market close.
Alexander & Baldwin (NYSE:ALEX) will participate in Nareit's REITweek: 2021 Investor Conference on June 8, 2021, from 4:30 - 5:00 pm Eastern Time. Key executives, including Chris Benjamin (CEO) and Brett Brown (CFO), will present. The event is virtual, and registered attendees can access the session live or on-demand via the Nareit's website. Alexander & Baldwin focuses on Hawai'i's commercial real estate, owning approximately 3.9 million square feet of space, including retail and industrial properties. More information is available on their website.
On May 7, 2021, Alexander & Baldwin (NYSE: ALEX) announced a successful land sale at its Maui Business Park, totaling 8.7 acres sold for $15.1 million since March 2020. The recent sale involved five parcels in Maui Business Park Phase II, sold for $10.9 million. A&B is expanding land offerings in the high-demand area, with new units priced between $44 to $58 per square foot. The company remains optimistic about generating jobs and supporting the local economy amidst ongoing buyer interest.
Alexander & Baldwin reported strong Q1 2021 results, with a net income of $9.9 million and a 17% increase in commercial real estate (CRE) Net Operating Income (NOI) compared to the previous quarter. The company benefits from a recovering Hawai'i economy, with 98% of tenants operational and cash proceeds of $29 million from asset sales. Despite challenges, the strategic simplification plan aims to enhance shareholder value, alongside a declared dividend of $0.16 per share. However, CRE revenue remains below pre-COVID levels, down 8.1% year-over-year.
The Board of Directors of Alexander & Baldwin (NYSE:ALEX) has approved a $0.16 quarterly dividend for Q2 2021, marking a 1 cent increase from Q1's $0.15 per share. This increase reflects the Board's confidence in the enhancing commercial real estate landscape and economic conditions in Hawai'i. The dividend will be paid on July 6, 2021 to shareholders on record by June 28, 2021.
Alexander & Baldwin, Inc. (NYSE:ALEX) will release its first quarter 2021 financial results on April 29, 2021, after market closure. A live webcast of the earnings call will take place on the same day at 5:00 p.m. ET, featuring discussions on operating and financial performance, led by CEO Chris Benjamin and CFO Brett Brown. Investors can access the event through A&B's Investors page, and presentation slides will be available for download following the call. A&B focuses on commercial real estate in Hawai'i, owning 3.9 million square feet of commercial space.
Alexander & Baldwin has appointed Myles Mizokami as the new Chief Operating Officer of its subsidiary Grace Pacific LLC, effective March 1, 2021. Mizokami brings over ten years of experience from Nan Inc. where he served as the director of Civil Operations. His leadership is expected to enhance operational and financial momentum at Grace Pacific, Hawaii's largest materials and paving contractor. Grace Pacific has been serving Hawaii since the 1930s, specializing in various civil infrastructure projects.
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