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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Overall Score: 7.4

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 14, 2022


Open Price: $24.04
Closing Price: $24.25
Price Change: -0.02 (-0.082%)
Lowest Price: $23.98
Highest Price: $24.315

52-Week Low: $14.42
52-Week High: $26.37
52-Week Change: 46.94%

5 Day Price Change: -1.70%
1 Month Price Change: 1.38%
3 Month Price Change: 2.49%
6 Month Price Change: 31.38%
YTD Price Change: -3.27%
1 Year Price Change: 48.42%
2 Year Price Change: 18.39%
5 Year Price Change: 16.67%

Dividend of Trading Day January 14, 2022


Dividend Yield: 2.969%*
Annualized Dividend: $0.72*
Dividend Yield (TTM): 2.73%
Annualized Dividend (TTM): $0.6627
Ex-Dividend Date: 2021-12-22
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


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Key Stats of Trading Day January 14, 2022


Total Cash: $26,500,000
Current Debt: $180,800,000
Revenue: $327,400,000
Gross Profit: $94,300,000
Total Revenue: $327,400,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $108,800,000
Revenue Per Share: $5
Revenue Per Employee: $406,203
Employee: 618
Debt to Equity Ratio (D/E): 1.80
Profit Margin: 0.09%
Enterprise Value (EV): $2,361,501,959
Enterprise Value to Revenue (EV/R): 7.21
Price to Sales (P/S): 5.38
Price to Book (P/B): 1.61
Price/Earnings-to-Growth (PEG) Ratio: 0.28
P/E Ratio: 58.28
P/E High: 6.33
P/E Low: 5.79
Forward P/E Ratio: N/A
Market Capitalization: $1,758,851,360
Beta: 0.98
Latest Volume: 157,011
Avg. Total Volume: 259,049
Avg. 10-Day Volume: 182,749
Avg. 30-Day Volume: 259,049
TTM EPS: 0.42
Shares Outstanding: 72,529,953
Float: N/A
50-Day Moving Avg.: $23.90
200-Day Moving Avg.: $22.22

Latest REIT Community Comments on #ALEX


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Properties Owned by ALEX


Properties Based on REIT's Official Presentation

Properties Types States Countries
36 4 1 1

Please visit REIT’s official webpage for the most up-to-date property list.

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 2021-01-16 costing $988.65 @ $21.97 per share you would have been able to buy 22 shares of ALEX on 2021-01-16 costing $483.34 @ $21.97 per share you would have been able to buy 11 shares of ALEX on 2021-01-16 costing $241.67 @ $21.97 per share you would have been able to buy 4 shares of ALEX on 2021-01-16 costing $87.88 @ $21.97 per share you would have been able to buy 2 shares of ALEX on 2021-01-16 costing $43.94
Current worth On 2022-01-14 these 45 shares would be worth $1,091.25 @ $24.25 On 2022-01-14 these 22 shares would be worth $533.50 @ $24.25 On 2022-01-14 these 11 shares would be worth $266.75 @ $24.25 On 2022-01-14 these 4 shares would be worth $97.00 @ $24.25 On 2022-01-14 these 2 shares would be worth $48.50 @ $24.25
Dividends earned $30.15 in dividends would have been earned since 2021-01-16 with 45 shares. $15 in dividends would have been earned since 2021-01-16 with 22 shares. $7.37 in dividends would have been earned since 2021-01-16 with 11 shares. $2.68 in dividends would have been earned since 2021-01-16 with 4 shares. $1.34 in dividends would have been earned since 2021-01-16 with 22 shares.
Net (gain / loss)* 132.75 USD 64.90 USD 32.45 USD 11.80 USD 5.90 USD
ROI** 13.43% 13.43% 13.43% 13.43% 13.43%

*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 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
ALEX 2016-11-03 0.070 16.67% 2016-10-25 2016-11-07 2016-12-01
ALEX 2016-08-04 0.060 --- 2016-07-25 2016-08-08 2016-09-01

Financial Statements Overview


The next Earnings Report for ALEX is 2022-02-24

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 26,500,000 19,900,000 32,000,000 57,200,000
Receivables 42,600,000 41,500,000 47,100,000 57,700,000
Inventory 22,200,000 24,100,000 27,200,000 18,400,000
Current Assets 196,900,000 176,200,000 201,600,000 228,900,000
Current Assets (Other) 105,400,000 90,500,000 95,100,000 95,600,000
Short Term Investments 105,400,000 90,500,000 95,100,000 95,600,000
Long-term Investments 1,766,600,000 1,779,800,000 1,790,300,000 1,807,100,000
Property, Plant & Equipment Net 1,571,900,000 1,574,000,000 1,578,500,000 1,581,800,000
Goodwill 10,500,000 10,500,000 10,500,000 10,500,000
Intangible Assets 53,900,000 56,400,000 59,100,000 61,900,000
Other Assets 0 0 0 0
Net Tangible Assets 1,028,900,000 1,035,300,000 1,030,200,000 1,023,700,000
Total Assets 1,963,500,000 1,956,000,000 1,991,900,000 2,036,000,000
Accounts Payable 11,400,000 12,400,000 13,200,000 9,800,000
Liabilities (Other) 33,500,000 35,200,000 34,900,000 0
Current Liabilities (Other) 169,400,000 179,800,000 164,400,000 218,100,000
Total Current Liabilities 180,800,000 192,200,000 177,600,000 227,900,000
Current Long-term Debt 0 0 0 0
Long-term Debt 627,700,000 597,800,000 654,600,000 687,100,000
Total Liabilities 870,200,000 853,800,000 892,100,000 939,900,000
Minority Interest 6,800,000 6,700,000 6,500,000 6,500,000
Common Stock 72,500,000 72,500,000 72,500,000 72,200,000
Retained Earnings -656,000,000 -649,200,000 -650,400,000 -649,400,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,093,300,000 1,102,200,000 1,099,800,000 1,096,100,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 84,300,000 89,300,000 81,000,000 72,800,000
Cost of Revenue 60,600,000 62,800,000 55,200,000 54,500,000
Gross Profit 23,700,000 26,500,000 25,800,000 18,300,000
Research and Development 0 0 0 0
Selling General and Admin 12,600,000 12,400,000 12,200,000 11,600,000
Operating Expense 73,200,000 75,200,000 67,400,000 66,100,000
Operating Income 11,100,000 14,100,000 13,600,000 6,700,000
Income Expense Net (Other) 0 0 0 0
EBIT 13,800,000 20,200,000 17,000,000 7,300,000
Interest Income 6,300,000 6,400,000 7,600,000 6,300,000
Pretax Income 6,500,000 12,900,000 10,000,000 700,000
Income Tax 0 0 100,000 400,000
Minority Interest 100,000 0 0 800,000
Net Income 6,400,000 12,800,000 9,900,000 1,100,000
Net Income Basic 6,400,000 12,800,000 9,900,000 1,100,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 6,400,000 12,800,000 9,900,000 1,100,000
Depreciation 12,300,000 12,800,000 12,600,000 53,300,000
Changes in Receivables 42,600,000 41,500,000 47,100,000 57,700,000
Changes in Inventories 22,200,000 24,100,000 27,200,000 18,400,000
Cash Change 26,500,000 19,900,000 32,000,000 57,200,000
Cash Flow 7,600,000 39,000,000 20,600,000 25,900,000
Capital Expenditures -11,300,000 -9,600,000 -5,200,000 -25,100,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -1,100,000 4,600,000 10,400,000 -8,500,000
Dividends Paid 0 0 0 0
Net Borrowings 495,800,000 487,400,000 527,500,000 534,300,000
Cash Flow Financing -223,700,000 55,700,000 56,200,000 -77,300,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
Rating AFFO & Efficiency Section Avg. Rating
6 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
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. 5.1
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
6 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
8 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
7.4 Overall REITRating™ Score (See trend) 6.2

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: 2022-01-16 - v2.8