PARTNERS FOR HAWAI'S Premier Commercial Real Estate Company Third Quarter 2024 Earnings Presentation October 24, 2024 Safe Harbor Statement Statements in this presentation that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. These forward-looking statements in ...

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 Al ...

For the quarter ended September 2024, Alexander & Baldwin Holdings, Inc. (ALEX) reported revenue of $61.94 million, up 18% over the same period last year. EPS came in at $0.39, compared to $0.16 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $60 million, representing a surprise of +3.24%. The company delivered an EPS surprise of +18.18%, with the consensus EPS estimate being $0.33.While investors closely watch year-over-year changes in headline numbers -- revenue an ...

Company Performance - Alexander & Baldwin Holdings, Inc. reported quarterly funds from operations (FFO) of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, and up from $0.30 per share a year ago, representing an FFO surprise of 18.18% [1] - The company posted revenues of $61.94 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.24%, compared to year-ago revenues of $52.5 million [1] - Over the last four quarters, the company has consistently surpassed consensus FFO and revenue estimates [1] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future FFO expectations [2] - The current consensus FFO estimate for the coming quarter is $0.26 on revenues of $51.1 million, and for the current fiscal year, it is $1.27 on revenues of $223.35 million [4] - The estimate revisions trend for Alexander & Baldwin Holdings is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The REIT and Equity Trust - Other industry, to which Alexander & Baldwin Holdings belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a positive outlook for stocks in this sector [5] - Another company in the same industry, Pebblebrook Hotel, is expected to report quarterly earnings of $0.54 per share, reflecting a year-over-year change of -11.5%, with revenues projected at $403.23 million, up 1.9% from the previous year [5]

Alexander & Baldwin, Inc. Reports Third Quarter 2024 Results HONOLULU, (October 24, 2024) /PRNewswire/—Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'ibased owner, operator and developer of high-quality commercial real estate in Hawai'i, today announced net income available to A&B common shareholders of $19.0 million, or $0.26 per diluted share, and Commercial Real Estate ("CRE") operating profit of $22.8 million for the third quarter of 2024. Q3 2024 Highlights • Funds From Operations ...

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 ...

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. ET.The call and webcast will feature a discussion on third quarter 2024 operating an ...

Matteo Colombo/DigitalVision via Getty ImagesIntroduction Alexander & Baldwin (NYSE:ALEX) has marginally underperformed the Vanguard Real Estate Index Fund ETF (VNQ) so far in 2024, delivering a ~6% total return against the 9% gain for the benchmark ETF: ALEX vs VNQ in 2024 (Seeking Alpha)I also covered the shares back in June, arguing they were undervalued on an enterprise-level basis. Taking into account the recent price rally, increased Fed rate cut expectations, and the REIT's Q2 2024 earnings, I be ...

Daniel Grizelj Federal Reserve: Rates and the Economy Over the last month, mixed economic signals have contributed to huge vacillations in markets. The Dow, Nasdaq, and S&P 500 all went into a bracing spiral on Monday, August 5th, coming off of a weaker-than-expected July jobs report and lower PMI figures that stoked recessionary fears. However, positive CPI data helped push markets to finish their best week of the year on August 16th. S&P 500 Experiences Longest Winning Streak 2024 (Bloomberg) At the Jacks ...

EDWARDSVILLE, IL, Aug. 14, 2024 (GLOBE NEWSWIRE) -- 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. “Alex Parker’s appointment to the Lead ...