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
See ALEX on Google Finance
See ALEX on Yahoo Finance
See ALEX on SEC.gov
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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.
Stock Chart
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| 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.
Hightlights of Trading Day August 8, 2022
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 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%
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
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
- Alexander & Baldwin, Inc. Reports Second Quarter 2022 Results - Thu, 28 Jul 2022 20:06:57 UTC
- Alexander & Baldwin Announces 10% Increase in Common Stock Dividend - Wed, 27 Jul 2022 02:03:22 UTC
- Alexander & Baldwin, Inc. Reports First Quarter 2022 Results - Thu, 05 May 2022 20:09:08 UTC
- Alexander & Baldwin Announces 5.3% Increase in Common Stock Dividend - Tue, 26 Apr 2022 20:08:01 UTC
- Alexander & Baldwin, Inc. Reports Fourth Quarter and Full-Year 2021 Results - Thu, 24 Feb 2022 21:06:57 UTC
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.
Key Stats of Trading Day August 8, 2022
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
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
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
- I am surprised #ALEX was able to increase 4.42% despite the market conditions. - Jon7421 - 2021-09-21 21:36:44 - See full comment
- Alexander & Baldwin, Inc. #ALEX had a first quarter of 2020 net income available to A&B common shareholders and diluted earnings per share were $6.2 million and $0.09 per share, respectively, compared to $9.0 million and $0.12 per share in the same quarter of 2019. The first quarter of 2020 Nareit-defined Funds From Operations ("FFO") and FFO per diluted share were $15.9 million and $0.22 per share, respectively, compared to $16.4 million and $0.23 per share in the same quarter of 2019. The first quarter of 2020 Core FFO and Core FFO per diluted share were $18.3 million and $0.25 per share, respectively, compared to $12.5 million and $0.17 per share in the same quarter of 2019. In the first quarter of 2020, CRE revenue increased $6.6 million, or 17.9%, to $43.4 million, as compared to $36.8 million in the same quarter of 2019. In the first quarter of 2020, CRE operating profit rose by $2.5 million, or 16.0%, to $18.1 million, as compared to $15.6 million in the same quarter of 2019. In the first quarter of 2020, CRE Cash NOI increased by $4.7 million, or 19.4%, to $28.9 million, as compared to $24.2 million in the same quarter of 2019. In the first quarter of 2020, Same-Store Cash NOI increased 3.7% compared to the prior year first quarter. - Kev B - 2020-04-30 22:21:48 - See full comment
- Millions of share will trade per day for mega-cap REITs like #PLD & #CCI, while for small-cap REITs like #CORR and #ALEX it will trade in the low hundreds of thousand share per day. Of course, volumes have highs and lows across the board for REITs. - 777i - 2019-11-22 23:53:34 - See full comment
Properties Owned by ALEX
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
| 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
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