Group 1 - A year ago, REITs were available at very low prices, presenting numerous high-yield investment opportunities, but such opportunities are becoming scarce as REIT prices have increased [1] - The average REIT is estimated to have about 30% upside potential in price [1]

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Gr ...

Alpha Exploration Announces New Drill Results from the Aburna Gold District Including 29 Meters Averaging 2.89 g/t Gold at Hill 52 Prospect, and 8 Meters Averaging 3.77 g/t Gold at the Northeast ProspectNovember 14, 2024 5:15 AM EST | Source: Alpha Exploration Ltd.Calgary, Alberta--(Newsfile Corp. - November 14, 2024) - Alpha Exploration Ltd. (TSXV: ALEX) ("Alpha" or the "Company") announces initial drill results from its 7,868m drill program at the Aburna orogenic gold prospect within its 100 ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...

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, 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) Hawaii ...

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 ...

Financial Data and Key Metrics Changes - The company reported FFO of $28.2 million or $0.39 per share for Q3 2024, compared to $21.2 million or $0.29 per share in the same quarter last year, reflecting a significant year-over-year increase [10] - AFFO for Q3 2024 was $23.4 million or $0.32 per share, up from $17.4 million or $0.24 per share in Q3 2023, indicating strong operational performance [10] - G&A expenses decreased by $200,000 or 1.7% to $7.4 million compared to Q3 2023, with revised expectations for 2024 G&A now ranging between $29 million and $30.5 million [11][12] Business Line Data and Key Metrics Changes - Total NOI grew by 4.4%, with same-store NOI increasing by 4.1%, and same-store NOI excluding collections of prior year reserves growing at 4.7% [7] - The company executed 71 leases representing over 182,000 square feet of GLA with blended spreads of 15.3%, driven by strong leasing activity [8] - Same-store leased occupancy remained flat at 94.8% from the previous quarter, while same-store economic occupancy was also flat at 93.7% [8] Market Data and Key Metrics Changes - Hawaii's personal income growth was reported at 5.5%, with an unemployment rate of 2.9%, significantly lower than the national average of 4.2% [9] - Visitor arrivals to Hawaii were down 2.2% year-to-date compared to 2023, primarily due to the impact of the Maui wildfires, currently at 88% of 2019 levels [9] Company Strategy and Development Direction - The company is focusing on operational excellence, balance sheet strength, streamlining business and cost structure, and growth opportunities [6] - The acquisition of an 81,500 square foot industrial asset for $29.7 million at a cap rate of 5.4% reflects the company's strategy to recycle capital and enhance its portfolio [7] - The company raised its full-year guidance for same-store NOI growth and FFO, indicating confidence in future performance [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about investment prospects due to increased deal volume and operational efficiencies [7] - The company anticipates some vacancies in Q4 but remains encouraged by ongoing discussions for backfill opportunities [22][23] - Management highlighted the importance of maintaining liquidity and access to capital markets through the new ATM program and credit facility recast [12][14] Other Important Information - The company completed the sale of 81 acres of non-core land, enhancing liquidity and streamlining operations [7] - The company has a $200 million ATM program in place, which has not yet been utilized, providing flexibility for future capital needs [12][36] Q&A Session Summary Question: Insights on new and renewal rent spreads - The leasing team had a strong quarter with 23 new deals, indicating healthy demand for retail and industrial spaces, although one significant deal influenced the spread [19][20] Question: Guidance on expected move-outs in Q4 - Three tenants are expected to move out, with ongoing discussions for backfill opportunities, although some vacancies may persist into 2025 [21][22][23] Question: Proceeds from Waipouli Town Center disposition - The disposition was viewed as a strategic recycling of capital, eliminating drag on expenses from the underperforming asset [26][28] Question: Acquisition pipeline and market conditions - The company is seeing more opportunities in the market, with an optimistic outlook for potential acquisitions [29] Question: Clean FFO number for the quarter - The company presented a bifurcation of FFO between CRE corporate and land operations, emphasizing the episodic nature of land operations [48][49] Question: Legacy joint venture impact - The legacy joint venture is a passive investment that does not require significant management and is expected to have minimal impact on Q4 guidance [53][56] Question: SG&A efficiency improvements - The company has focused on process improvements and simplification to lower overall G&A expenses [57] Question: Decision to utilize the revolver for Pearl Highlands mortgage - The decision to refinance the Pearl Highlands mortgage using the revolver was based on favorable interest rate conditions [58][59]

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]