Group 1 - Alexander & Baldwin, Inc. has amended its revolving credit facility, extending the term to October 2028 with two six-month extension options and providing a borrowing capacity of $450 million [1] - The interest rate under the amended facility remains unchanged at SOFR plus 1.05%, with a SOFR adjustment of 0.10%, and the facility fee is also unchanged at 0.15% [1] - The company is the only publicly-traded real estate investment trust focusing exclusively on Hawai'i commercial real estate and is the largest owner of grocery-anchored neighborhood shopping centers in the state [3] Group 2 - Alexander & Baldwin, Inc. owns, operates, and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 22 retail centers, 14 industrial assets, and four office properties [3] - The company has a 154-year history and has played a leadership role in the development of various industries in Hawai'i, including agriculture, transportation, tourism, construction, and commercial real estate [3]

Company Overview - Alexander & Baldwin, Inc. (A&B) is the only publicly-traded real estate investment trust focusing exclusively on Hawai'i commercial real estate [3] - A&B is the largest owner of grocery-anchored neighborhood shopping centers in Hawai'i, managing approximately 4.0 million square feet of commercial space [3] - The company's portfolio includes 22 retail centers, 14 industrial assets, four office properties, and 142 acres of ground lease assets [3] Upcoming Earnings Report - A&B will report its third quarter 2024 results after the market closes on October 24, 2024 [1] - A conference call and webcast will be held on the same day at 5:00 p.m. ET to discuss the operating and financial performance for the third quarter [1] - Key company participants in the call will include Lance Parker (CEO) and Clayton Chun (CFO) along with other senior management members [1]

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 ...

Economic Overview - Recent mixed economic signals have led to significant market fluctuations, with major indices experiencing volatility due to weaker-than-expected job reports and lower PMI figures, raising recession fears [1] - Positive CPI data contributed to a strong market performance, marking the best week of the year for the S&P 500 [1] Federal Reserve Actions - Federal Reserve Chair Jerome Powell indicated that rate cuts are likely in September, with market sentiment shifting significantly regarding the probability of a 50 basis points rate cut [1][2] - The probability of a 50 bps rate cut increased from 11.3% to 38.5% following Powell's remarks [1] Dividend Stocks in Rate-Cutting Environment - Dividend stocks may become more attractive as investors seek yield in a low-rate environment, with cheaper debt financing potentially leading to reinvestment opportunities [3] - Historical data shows that dividend payers tend to outperform non-dividend payers following rate cuts, with dividend growers performing the best [3] Sectors Benefiting from Declining Rates - Key sectors that typically outperform in a declining rate environment include Real Estate, Financials, and Consumer stocks [4] - Lower interest rates can enhance demand for real estate and increase consumer spending, benefiting consumer discretionary stocks [4] - Financial institutions may see increased revenue from higher loan origination volumes despite lower net interest margins [4] Highlighted Dividend Stocks 1. **Alexander & Baldwin, Inc. (ALEX)** - Forward Dividend Yield: 4.67%, Market Capitalization: $1.38B, Strong Buy rating [9] - The company is positioned to pursue growth opportunities post-rate cut, despite challenges from COVID and the 2023 Maui wildfires [9][11] - ALEX has a strong three-year CAGR dividend growth rate of 24.49% and a below-average cash dividend payout ratio [12] 2. **Ingredion Incorporated (INGR)** - Forward Dividend Yield: 2.36%, Market Capitalization: $8.59B, Strong Buy rating [13] - The company has recorded strong profitability due to volume growth and lower input costs, with a low cash dividend payout ratio of 19.96% [14][16] - INGR has a trailing twelve-month dividend growth rate of 9.86% and 13 consecutive years of dividend growth [16] 3. **Synchrony Financial (SYF)** - Forward Dividend Yield: 2.12%, Market Capitalization: $18.65B, Strong Buy rating [17] - The company has returned $400M to shareholders in Q2 2024 and is focused on disciplined credit management [19][20] - SYF is trading at a deep discount relative to sector medians, with a forward P/E of 6.10, indicating strong valuation potential [22] Conclusion - Dividend stocks are positioned to benefit from potential rate cuts, with ALEX, INGR, and SYF highlighted as attractive investment opportunities due to their strong yields and financial profiles [22]

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 ...

Investors in Alexander & Baldwin, Inc. (ALEX) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $15 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

From a technical perspective, Alexander & Baldwin Holdings, Inc. (ALEX) is looking like an interesting pick, as it just reached a key level of support. ALEX's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks abo ...

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, 2024 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) (State or ot ...

Premier Commercial Real Estate Company Second Quarter 2024 Earnings Presentation July 25, 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 include, but are not limi ...

Alexander & Baldwin, Inc. (NYSE:ALEX) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Brandon Myers - Investment Manager Lance Parker - CEO Clayton Chun - CFO Conference Call Participants Alexander Goldfarb - Piper Sandler Rob Stevenson - Janney Mitch Germain - Citizens JMP Brendan McCarthy - Sidoti Operator Good day, and welcome to the Second Quarter 2024 Alexander & Baldwin Earnings Conference Call. At this time, all lines are in listen-only mode. Following the presentation, ...