Alexander & Baldwin(ALEX)

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Alexander & Baldwin Announces Reporting Information for 2023 Dividend Distributions
Prnewswire· 2024-01-31 21:05
HONOLULU, Jan. 31, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, today announced the allocations of the Company's 2023 dividend distributions to its common shares. The table below, presented on a per share basis is provided for information purposes only and should only be used to clarify the information on Form 1099-DIV. Common Shares (CUSIP # 014491104) ...
Alexander & Baldwin Announces Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call Date
Prnewswire· 2024-01-24 21:14
HONOLULU, Jan. 24, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, will report results for the fourth quarter and full-year 2023 after the market closes on Wednesday, February 28, 2024. In connection with this announcement, A&B will host a conference call on Wednesday, February 28, 2024, at 5:00 p.m. ET. The call will feature a discussion on operating and fin ...
Alexander & Baldwin(ALEX) - 2023 Q3 - Earnings Call Presentation
2023-11-07 16:31
Alexander & Baldwin, Inc. Table of Contents Company Overview Company Profile...................................................................................................................................................... 4 Glossary of Terms.................................................................................................................................................... 6 Statement on Management's Use of Non-GAAP Financial Measures ...................................................... ...
Alexander & Baldwin(ALEX) - 2023 Q3 - Earnings Call Transcript
2023-11-05 18:25
Alexander & Baldwin, Inc. (NYSE:ALEX) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Steve Swett - Investor Relations Lance Parker - Chief Executive Officer Clayton Chun - Chief Financial Officer Kit Millan - Senior Vice President-Asset Management Conference Call Participants Connor Mitchell - Piper Sandler Operator Hello, and welcome to the Alexander & Baldwin Third Quarter 2023 earnings conference call. All participants will be in listen only mode. [Operator Instructions ...
Alexander & Baldwin(ALEX) - 2023 Q3 - Quarterly Report
2023-11-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to _________________ Commission file number 001-35492 ALEXANDER & BALDWIN, INC. (Exact name of registrant as specified in its charter) Hawaii ...
Alexander & Baldwin(ALEX) - 2023 Q2 - Earnings Call Transcript
2023-07-28 01:01
Alexander & Baldwin, Inc. (NYSE:ALEX) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Steve Swett – Investor Relations Lance Parker – Chief Executive Officer Clayton Chun – Chief Financial Officer Kit Millan – Senior Vice President-Asset Management Conference Call Participants Alexander Goldfarb – Piper Sandler Mitch Germain – JMP Securities Operator Good afternoon, and welcome to the Alexander & Baldwin Second Quarter 2023 Earnings Conference Call. All participants will be in ...
Alexander & Baldwin(ALEX) - 2023 Q2 - Quarterly Report
2023-07-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to _________________ Commission file number 001-35492 ALEXANDER & BALDWIN, INC. (Exact name of registrant as specified in its charter) Hawaii 45-48 ...
Alexander & Baldwin(ALEX) - 2023 Q1 - Earnings Call Transcript
2023-05-07 11:42
Alexander & Baldwin, Inc. (NYSE:ALEX) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Steve Swett - IR Chris Benjamin - CEO Lance Parker - President and COO Clayton Chun - CFO Conference Call Participants Alexander Goldfarb - Piper Sandler Mitch Germain - JMP Securities Operator Good afternoon, and welcome to the Alexander Baldwin First Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode for the duration of the call. [Operator Instructions]. Ple ...
Alexander & Baldwin(ALEX) - 2023 Q1 - Quarterly Report
2023-05-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to _________________ Commission file number 001-35492 ALEXANDER & BALDWIN, INC. (Exact name of registrant as specified in its charter) Hawaii 45-4 ...
Alexander & Baldwin(ALEX) - 2022 Q4 - Earnings Call Transcript
2023-03-03 20:45
Financial Data and Key Metrics Changes - For Q4 2022, the company reported income from continuing operations available to shareholders of $16.2 million or $0.22 per diluted share, with fourth quarter FFO at $25.3 million or $0.35 per diluted share, and core FFO at $22.2 million or $0.31 per diluted share [19][20] - For the full year 2022, income from continuing operations available to shareholders was $36.9 million or $0.50 per diluted share, with FFO at $73.4 million or $1.01 per diluted share, and core FFO at $82.2 million or $1.13 per diluted share [19][20] - Core FFO increased 18.3% year-over-year, and core FFO per share was up 17.7% [8] Business Line Data and Key Metrics Changes - Commercial real estate revenue grew 7.5% year-over-year, with Same-Store NOI increasing by 6% [8] - In Q4 2022, CRE revenue was up 4.8% year-over-year, and NOI increased by 1.3% [13][20] - The company executed 61 leases for approximately 130,000 square feet during Q4, achieving spreads of 3.2% for new leases and 5.7% for renewal leases [15][20] Market Data and Key Metrics Changes - Domestic visitor arrivals in Hawaii exceeded pre-pandemic levels for each month of 2022, with international visitors returning to approximately 50% of 2019 levels [10] - The unemployment rate in Hawaii was 3.2% in December 2022, below the national rate of 3.5% [10] Company Strategy and Development Direction - The company is focused on simplifying its business model by exiting the Grace Pacific operation, which has been classified as a discontinued operation [7][21] - The management is pursuing acquisition opportunities that complement the current portfolio while also focusing on internal growth through development and redevelopment projects [17] - The company aims to strengthen its ESG programs and enhance disclosures to shareholders, including renewable energy projects [12] Management Comments on Operating Environment and Future Outlook - Management noted that while there are economic headwinds, the portfolio is primarily needs-based and has lower exposure to at-risk tenants [41] - The company expects to continue seeing top-line growth for tenants despite potential cost pressures [42] - Guidance for full-year 2023 core FFO is projected between $1.08 to $1.13 per share, reflecting anticipated Same-Store NOI growth [24] Other Important Information - The company raised its quarterly cash dividend three times during the year, from $0.18 to $0.22 per share [9] - The balance sheet remains strong, with a debt-to-total market capitalization ratio of 25.8% at year-end [9][22] Q&A Session Summary Question: Comments on Grace Pacific exit and cash recycling - Management indicated that while there is some cash expected to be redeployed from the Grace exit, it will not be a significant amount [27][28] Question: Guidance for core FFO and differences from NAREIT - Management clarified that the guidance provided is considered clean and reflects all anticipated one-time costs, including executive transition expenses [29][31] Question: Retail sector exposure to economic headwinds - Management stated that their portfolio is more needs-based and has lower exposure to at-risk tenants, with ongoing conversations with tenants indicating increased sales despite cost pressures [41][42] Question: Capital allocation priorities - Management emphasized a disciplined approach to capital allocation, focusing on opportunities that are accretive across retail, industrial, and ground lease sectors [44][45]