Profile
Sector:
Real EstateIndustry:
RetailCountry:
United StatesIPO:
14 June 2012Website:
http://www.alexanderbaldwin.comNext earnings report:
28 February 2025Last dividends:
20 September 2024Next dividends:
N/APrice
after hours | Mon, 04 Nov 2024 21:09:34 GMTAnalysts recommendations
Institutional Ownership
ALEX Latest News
Alexander & Baldwin Holdings (ALEX) possesses solid growth attributes, which could help it handily outperform the market.
Alexander & Baldwin, Inc. (NYSE:ALEX ) Q3 2024 Earnings Conference Call October 24, 2024 5:00 PM ET Company Participants Aja Shimamura - Leasing Manager Lance Parker - CEO Clayton Chun - CFO Kit Millan - Senior Vice President of Asset Management Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Alexander Goldfarb - Piper Sandler Mitch Germain - Citizens JMP Brendan McCarthy - Sidoti Operator Good afternoon ladies and gentlemen and welcome to the Third Quarter 2024 Alexander & Baldwin Earnings Conference Call. At this time, all lines are in listen only mode.
Although the revenue and EPS for Alexander & Baldwin Holdings (ALEX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Alexander & Baldwin Holdings, Inc. (ALEX) came out with quarterly funds from operations (FFO) of $0.39 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.30 per share a year ago.
HONOLULU , Oct. 21, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i, announced today that it has amended its revolving credit facility, which extends the term of the facility to October 2028, with two six-month extension options and provides for $450 million of borrowing capacity. The interest rate under the amended revolving credit facility remains unchanged from the prior facility, bearing interest at a rate of SOFR plus 1.05% based on a leverage-based pricing grid, plus a SOFR adjustment of 0.10%.
HONOLULU , Oct. 7, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i, will report results for the third quarter 2024, after the market closes, on Thursday, October 24, 2024. In connection with this announcement, A&B will host a conference call and webcast on Thursday, October 24, 2024, at 5:00 p.m.
Alexander & Baldwin is a diversified REIT operating exclusively in Hawaii, with the majority of net operating income coming from retail and industrial properties, as well as ground leases. The company also has a legacy Land Operations segment, with a land sale in Q3 2024 contributing to the REIT's 2024 guidance increase. Net debt accounts for just 24% of enterprise value, which coupled with no floating rate debt points to limited benefits from Fed rate cuts.
In recent weeks, investors have grappled with mixed economic signals and uncertainty around potential rate cuts that have impacted markets. A cycle of monetary easing could benefit dividend-paying stocks, as investors seek yield in a lower-rate environment. SA Quant identified three dividend stocks with solid financials and strong dividend profiles, alongside other favorable factor grades that make them well positioned for a shift in the monetary regime.
Flint Cooper is proud to announce that Alex Parker has been appointed to the Leadership Development Committee (LDC) for the Suboxone (Buprenorphine/Naloxone) Film Products Liability Litigation, MDL No. 3092. This appointment by the United States District Court for the Northern District of Ohio, Eastern Division, underscores Parker's commitment to mass tort litigation and his potential as a future leader in this field. Flint Cooper is proud to announce that Alex Parker has been appointed to the Leadership Development Committee (LDC) for the Suboxone (Buprenorphine/Naloxone) Film Products Liability Litigation, MDL No. 3092. This appointment by the United States District Court for the Northern District of Ohio, Eastern Division, underscores Parker's commitment to mass tort litigation and his potential as a future leader in this field.
Investors need to pay close attention to Alexander & Baldwin (ALEX) stock based on the movements in the options market lately.
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What type of business is Alexander & Baldwin?
Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets. A&B is expanding and strengthening its CRE portfolio and achieving its strategic focus on commercial real estate in Hawai'i. Over its 154-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.
What sector is Alexander & Baldwin in?
Alexander & Baldwin is in the Real Estate sector
What industry is Alexander & Baldwin in?
Alexander & Baldwin is in the Retail industry
What country is Alexander & Baldwin from?
Alexander & Baldwin is headquartered in United States
When did Alexander & Baldwin go public?
Alexander & Baldwin initial public offering (IPO) was on 14 June 2012
What is Alexander & Baldwin website?
https://www.alexanderbaldwin.com
Is Alexander & Baldwin in the S&P 500?
No, Alexander & Baldwin is not included in the S&P 500 index
Is Alexander & Baldwin in the NASDAQ 100?
No, Alexander & Baldwin is not included in the NASDAQ 100 index
Is Alexander & Baldwin in the Dow Jones?
No, Alexander & Baldwin is not included in the Dow Jones index
When was Alexander & Baldwin the previous earnings report?
No data
When does Alexander & Baldwin earnings report?
The next expected earnings date for Alexander & Baldwin is 28 February 2025