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Alexander & Baldwin Inc (ALEX.N)

ALEX.N on New York Stock Exchange

44.97USD
22 Sep 2017
Change (% chg)

$-0.22 (-0.49%)
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$45.19
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Volume
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Latest Key Developments (Source: Significant Developments)

Alexander & Baldwin closes on credit facility amendments
Tuesday, 19 Sep 2017 04:12pm EDT 

Sept 19 (Reuters) - Alexander & Baldwin Inc :Alexander & Baldwin closes on credit facility amendments.Alexander & Baldwin Inc - ‍Company amended its revolving credit facility principally to increase revolving credit commitment by $100 million to $450 million​.Alexander & Baldwin Inc - ‍Company amended its revolving credit facility principally extend term of facility to September 15, 2022​.  Full Article

Alexander & Baldwin sets quarterly dividend of $0.07 per share
Tuesday, 25 Jul 2017 09:00pm EDT 

July 25 (Reuters) - Alexander & Baldwin Inc :Sets quarterly dividend of $0.07 per share.  Full Article

Alexander & Baldwin says on July 10, co entered into an agreement and plan of merger with Alexander & Baldwin REIT Holdings and units
Wednesday, 12 Jul 2017 05:19pm EDT 

July 12 (Reuters) - Alexander & Baldwin Inc :Alexander & Baldwin Inc - On July 10, 2017 co entered into an agreement and plan of merger with Alexander & Baldwin Reit Holdings, Inc, units.Alexander & Baldwin - As result of deal, A&B REIT Holdings to replace A&B as Hawaii-based, publicly held corp through which co's operations are conducted.Alexander & Baldwin - Following merger, A&B will convert to hawaii limited liability company, A&B REIT Holdings will be renamed 'alexander & Baldwin, Inc.'.Alexander & Baldwin Inc - Merger is being undertaken in connection with company's previously announced conversion to a real estate investment trust.  Full Article

Alexander & Baldwin sees no change to FY 2017 same-store NOI forecast
Tuesday, 11 Jul 2017 07:26am EDT 

July 11 (Reuters) - Alexander & Baldwin Inc ::Alexander & Baldwin Inc sees no change to full-year 2017 same-store noi guidance of 3 percent -4 percent increase - sec filing.Alexander & Baldwin Inc - 2017 earnings will be affected by reit conversion costs.Alexander & Baldwin - remaining reit conversion, related cost expected to be incurred in 2017 are $2 million in q2; $6 million - 8 million in Q3; $2 million -4 million in Q4.Alexander & Baldwin Inc sees for Q2 2017, minimal operating profit contribution from land operations segment and strong CRE performance.Alexander & Baldwin Inc - expect to resume quarterly declaration and payment of dividends entirely in cash beginning in 2019.Alexander & Baldwin-to distribute accumulated e&p attributable to non-reit years, portion of reit taxable income for 201, 2018 in one-time, special distribution.Alexander & Baldwin Inc - special distribution expected to be $775 million to $875 million.  Full Article

Alexander & Baldwin acquires 5 buildings at Honokohau industrial park in Kailua-Kona
Tuesday, 6 Jun 2017 05:30pm EDT 

June 6 (Reuters) - Alexander & Baldwin Inc ::Alexander & Baldwin Inc - deal for $10 million.Alexander & Baldwin acquires five buildings at Honokohau industrial park in Kailua-Kona.Alexander & Baldwin Inc - purchase was largely financed with sales proceeds from non-income producing properties.  Full Article

Alexander & Baldwin reports Q1 revenue $93.2 million
Thursday, 4 May 2017 04:01pm EDT 

May 4 (Reuters) - Alexander & Baldwin Inc :Alexander & Baldwin reports first quarter 2017 financial results.Q1 revenue $93.2 million versus $91.4 million.Q1 earnings per share $0.09 from continuing operations.Q1 earnings per share $0.14 including items.Q1 earnings per share view $0.22, revenue view $107.8 million -- Thomson Reuters I/B/E/S.  Full Article

Alexander & Baldwin says Paul Ito to resign as SVP, CFO and treasurer
Wednesday, 22 Mar 2017 05:20pm EDT 

Alexander & Baldwin Inc - : On March 16, Paul Ito notified company of his intent to resign as SVP, CFO and treasurer - SEC filing . ITO has indicated that he intends to continue to serve in his role until a successor is appointed .Will conduct a search to identify successor.  Full Article

Alexander & Baldwin Q3 loss per share $0.03
Thursday, 27 Oct 2016 04:31pm EDT 

Alexander & Baldwin Inc : Alexander & Baldwin reports third quarter 2016 results . Q3 loss per share $0.03 . Q3 revenue $138.7 million versus I/B/E/S view $139.1 million . Board authorizes evaluation of real estate investment trust structure . Undertaken a preliminary analysis of potential for conversion to a real estate investment trust (REIT) . Sees full-year 2016 pre-tax loss for agribusiness operations will be closer to favorable end of $5-$15 million loss guidance . Backlog at quarter-end of $242.5 million .In near term, shareholders can expect to see increased expenses associated with reit evaluation.  Full Article

Alexander & Baldwin increases dividend
Tuesday, 27 Oct 2015 06:20pm EDT 

Alexander & Baldwin Inc:Approved an increase in the fourth quarter 2015 dividend from $0.05 per share to $0.06 per share.Payable on December 3, 2015 to shareholders of record as of the close of business on November 9, 2015.  Full Article

BRIEF-Alexander & Baldwin closes on credit facility amendments

* Alexander & Baldwin Inc - ‍Company amended its revolving credit facility principally to increase revolving credit commitment by $100 million to $450 million​