Alexander & BaldwinNYSE: ALEX

Alexander & Baldwin is a diversified REIT with heavy retail exposure, exclusively concentrated in Hawaii. An opportunistic land sale boosted Q1 2024 AFFO. Net operating income likewise increased 4.1% Y/Y. Net debt accounts for only 27% of enterprise value - perhaps an amount too low if we are at the bottom of the real estate cycle.

HONOLULU , May 28, 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, today announced that its management team will participate in Nareit's REITweek: 2024 Investor Conference in New York. A&B will present an overview of its business and operations, followed by a question and answer session.

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On May 14, 2024, ALEX, LCII, and CMRE were included in the Zacks Rank #1 (Strong Buy) list for income stocks.

Alexander & Baldwin, Inc. (NYSE:ALEX) held its Q1 2024 Earnings Conference Call on April 25, 2024 at 5:00 PM ET. Company representatives included Jessica Welch, Lance Parker, Clayton Chun, and Kit Millan. Conference call participants included Rob Stevenson, Connor Mitchell, Mitch Germain, Brendan McCarthy, and others. The call was recorded on Thursday, April 25, 2024.

ALEX, CSCO and NXST have been added to the Zacks Rank #5 (Strong Sell) List on March 11, 2024.

Alexander & Baldwin, Inc. (ALEX) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Alexander & Baldwin Holdings, Inc. (ALEX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Alexander & Baldwin Holdings, Inc. (ALEX) came out with quarterly funds from operations (FFO) of $0.29 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to FFO of $0.31 per share a year ago.