Alexander & Baldwin, Inc. | REIT Profile

Symbol: ALEX
CIK: 1545654
Exchange: NYSE
Founded: 1869 (153 years)
HQ: Honolulu, HI, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Diversified, Retail, Office, Industrial, Specialty

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See ALEX on SEC.gov

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About Alexander & Baldwin, Inc.

Alexander & Baldwin, Inc. (A&B) is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, ten industrial assets and four office properties, as well as 154 acres of ground leases. These core assets comprise nearly 75% of A&B's total assets. A&B's non-core assets include renewable energy generation facilities, 28,000 acres of agricultural and conservation land and a vertically integrated paving business. A&B is achieving its strategic objective of becoming a Hawai'i-focused commercial real estate company by expanding and strengthening its Hawai'i CRE portfolio and monetizing non-core assets. Over its 150-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.


Alexander & Baldwin, Inc. Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$19.16 $19.32 $19.10 $19.20 $19.17 $19.17 51,309 -$0.01 -0.05% $1,393,270,615 51.03 $25.88 $17.05 -22.20%

Last update: 2022-08-09 09:13:23 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 8.1

Hightlights of Trading Day August 8, 2022


Open Price: $19.12
Closing Price: $19.17
Price Change: 0.18 (0.948%)
Lowest Price: $18.945
Highest Price: $19.36
52-Week Low: $17.05
52-Week High: $25.88
52-Week Change: -4.28%
5 Day Price Change: -4.62%
1 Month Price Change: 5.97%
3 Month Price Change: -8.32%
6 Month Price Change: -12.72%
YTD Price Change: -22.88%
1 Year Price Change: -4.28%
2 Year Price Change: 69.04%
5 Year Price Change: -16.09%

Dividend of Trading Day August 8, 2022


Dividend Yield: 4.173%*
Annualized Dividend: $0.8*
Dividend Yield (TTM): 3.896%
Annualized Dividend (TTM): $0.7399
Ex-Dividend Date: 2022-06-16
Next Ex-Dividend: 2022-09-16
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Alexander & Baldwin, Inc.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for ALEX.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q1 FFO $--- $--- ---%
2022 Q1 FFO Core $--- $--- ---%
2021 Q4 FFO $--- $--- ---%
2021 Q4 FFO Core $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day August 8, 2022


Total Cash: $33,700,000
Current Debt: $179,600,000
Revenue: $396,500,000
Gross Profit: $130,200,000
Total Revenue: $396,500,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $142,900,000
Revenue Per Share: $5
Revenue Per Employee: $491,935
Employee: 618
Debt to Equity Ratio (D/E): 1.73
Profit Margin: 0.09%
Enterprise Value (EV): $1,935,566,047
Enterprise Value to Revenue (EV/R): 4.88
Price to Sales (P/S): 3.65
Price to Book (P/B): 1.35
Price/Earnings-to-Growth (PEG) Ratio: 0.14
P/E Ratio: 51.05
P/E High: -6.37
P/E Low: -9.18
Forward P/E Ratio: N/A
Market Capitalization: $1,393,997,791
Beta: 0.85
Latest Volume: 205,491
Avg. Total Volume: 203,049
Avg. 10-Day Volume: 172,359
Avg. 30-Day Volume: 203,049
TTM EPS: 0.38
Shares Outstanding: 72,717,673
Float: N/A
50-Day Moving Avg.: $18.26
200-Day Moving Avg.: $20.73

Latest REIT Community Comments on #ALEX


See more community comments related to ALEX

Properties Owned by ALEX


ALEX Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $21.97 per share you would have been able to buy 45 shares of ALEX on 2021-08-09 costing $988.65 @ $21.97 per share you would have been able to buy 22 shares of ALEX on 2021-08-09 costing $483.34 @ $21.97 per share you would have been able to buy 11 shares of ALEX on 2021-08-09 costing $241.67 @ $21.97 per share you would have been able to buy 4 shares of ALEX on 2021-08-09 costing $87.88 @ $21.97 per share you would have been able to buy 2 shares of ALEX on 2021-08-09 costing $43.94
Current worth On 2022-08-08 these 45 shares would be worth $862.65 @ $19.17 On 2022-08-08 these 22 shares would be worth $421.74 @ $19.17 On 2022-08-08 these 11 shares would be worth $210.87 @ $19.17 On 2022-08-08 these 4 shares would be worth $76.68 @ $19.17 On 2022-08-08 these 2 shares would be worth $38.34 @ $19.17
Dividends earned $33.75 in dividends would have been earned since 2021-08-09 with 45 shares. $17 in dividends would have been earned since 2021-08-09 with 22 shares. $8.25 in dividends would have been earned since 2021-08-09 with 11 shares. $3.00 in dividends would have been earned since 2021-08-09 with 4 shares. $1.50 in dividends would have been earned since 2021-08-09 with 22 shares.
Net (gain / loss)* -92.25 USD -45.10 USD -22.55 USD -8.20 USD -4.10 USD
ROI** -9.33% -9.33% -9.33% -9.33% -9.33%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by ALEX. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
ALEX 2022-06-16 0.200 5.26% 2022-04-26 2022-06-17 2022-07-06
ALEX 2022-03-17 0.190 5.56% 2022-02-22 2022-03-18 2022-04-05
ALEX 2021-12-22 0.180 --- 2021-12-13 2021-12-23 2022-01-06
ALEX 2021-09-16 0.180 12.50% 2021-07-27 2021-09-17 2021-10-04
ALEX 2021-06-25 0.160 6.67% 2021-04-27 2021-06-28 2021-07-06
ALEX 2021-03-17 0.150 --- 2021-02-23 2021-03-18 2021-04-02
ALEX 2020-12-24 0.150 -21.05% 2020-12-17 2020-12-28 2021-01-12
ALEX 2020-03-06 0.190 --- 2020-02-25 2020-03-09 2020-03-24
ALEX 2019-11-08 0.190 --- 2019-10-24 2019-11-12 2019-12-05
ALEX 2019-08-09 0.190 15.15% 2019-08-01 2019-08-12 2019-09-05
ALEX 2019-05-09 0.165 13.79% 2019-04-26 2019-05-10 2019-06-06
ALEX 2019-03-08 0.145 --- 2019-02-26 2019-03-11 2019-03-26
ALEX 2018-11-28 0.000 --- 0000-00-00 0000-00-00 0000-00-00
ALEX 2018-08-03 0.000 --- 0000-00-00 0000-00-00 0000-00-00
ALEX 2018-05-04 0.000 --- 0000-00-00 0000-00-00 0000-00-00
ALEX 2018-02-02 0.000 -100.00% 0000-00-00 0000-00-00 0000-00-00
ALEX [E] 2017-11-28 15.920 22,642.86% 2017-11-16 2017-11-29 2018-01-23
ALEX 2017-08-03 0.070 --- 2017-07-25 2017-08-07 2017-09-07
ALEX 2017-05-04 0.070 --- 2017-04-25 2017-05-08 2017-06-01
ALEX 2017-02-02 0.070 --- 2017-01-24 2017-02-06 2017-03-02

Earnings Press Releases


Below are the Earnings Press Releases for ALEX. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 Alexander & Baldwin, Inc. Reports First Quarter 2022 Results
2021 Q4 Alexander & Baldwin, Inc. Reports Fourth Quarter and Full-Year 2021 Results

Financial Statements Overview


The next Earnings Report for ALEX is 2022-11-03

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Current Cash 33,700,000 70,000,000 26,500,000 19,900,000
Receivables 50,700,000 40,500,000 42,600,000 41,500,000
Inventory 26,100,000 20,300,000 22,200,000 24,100,000
Current Assets 219,600,000 233,400,000 196,900,000 176,200,000
Current Assets (Other) 108,100,000 102,600,000 105,400,000 90,500,000
Short Term Investments 108,100,000 102,600,000 105,400,000 90,500,000
Long-term Investments 1,635,000,000 1,646,400,000 1,766,600,000 1,779,800,000
Property, Plant & Equipment Net 1,548,800,000 1,556,200,000 1,571,900,000 1,574,000,000
Goodwill 8,700,000 8,700,000 10,500,000 10,500,000
Intangible Assets 49,400,000 51,600,000 53,900,000 56,400,000
Other Assets 0 0 0 0
Net Tangible Assets 1,012,300,000 1,006,300,000 1,028,900,000 1,035,300,000
Total Assets 1,854,600,000 1,879,800,000 1,963,500,000 1,956,000,000
Accounts Payable 13,200,000 9,900,000 11,400,000 12,400,000
Liabilities (Other) 56,100,000 0 33,500,000 35,200,000
Current Liabilities (Other) 166,400,000 244,300,000 169,400,000 179,800,000
Total Current Liabilities 179,600,000 254,200,000 180,800,000 192,200,000
Current Long-term Debt 0 0 0 0
Long-term Debt 522,200,000 532,700,000 627,700,000 597,800,000
Total Liabilities 784,200,000 813,200,000 870,200,000 853,800,000
Minority Interest 7,400,000 6,900,000 6,800,000 6,700,000
Common Stock 72,600,000 72,500,000 72,500,000 72,500,000
Retained Earnings -666,400,000 -663,200,000 -656,000,000 -649,200,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,070,400,000 1,066,600,000 1,093,300,000 1,102,200,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Total Revenue 98,200,000 124,700,000 84,300,000 89,300,000
Cost of Revenue 67,400,000 75,500,000 60,600,000 62,800,000
Gross Profit 30,800,000 49,200,000 23,700,000 26,500,000
Research and Development 0 0 0 0
Selling General and Admin 12,400,000 14,700,000 12,600,000 12,400,000
Operating Expense 79,800,000 90,200,000 73,200,000 75,200,000
Operating Income 18,400,000 34,500,000 11,100,000 14,100,000
Income Expense Net (Other) 0 0 0 0
EBIT 20,000,000 39,800,000 13,800,000 20,200,000
Interest Income 5,700,000 5,000,000 6,300,000 6,400,000
Pretax Income 11,000,000 7,500,000 6,500,000 12,900,000
Income Tax 0 -100,000 0 0
Minority Interest 500,000 300,000 100,000 0
Net Income 10,500,000 6,300,000 6,400,000 12,800,000
Net Income Basic 10,500,000 6,300,000 6,400,000 12,800,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Net Income 10,500,000 6,300,000 6,400,000 12,800,000
Depreciation 11,300,000 12,700,000 12,300,000 12,800,000
Changes in Receivables 50,700,000 40,500,000 42,600,000 41,500,000
Changes in Inventories 26,100,000 20,300,000 22,200,000 24,100,000
Cash Change 33,700,000 70,000,000 26,500,000 19,900,000
Cash Flow 7,300,000 57,000,000 7,600,000 39,000,000
Capital Expenditures -3,800,000 -10,500,000 -11,300,000 -9,600,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -3,900,000 82,600,000 -1,100,000 4,600,000
Dividends Paid 0 0 0 0
Net Borrowings 380,400,000 360,100,000 495,800,000 487,400,000
Cash Flow Financing -39,700,000 -95,300,000 -223,700,000 55,700,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
3 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
9 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.7
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 8.8
6 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
5 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.4
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
Rating Market Cap Section Avg. Rating
2 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.0
8.1 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Last updated: 2022-08-09 - v3.4