Alexander & Baldwin, Inc (ALEX) Q3 2024 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 25 2024
0mins
Should l Buy ALEX?
Source: Newsfilter
Earnings Conference Call Overview: Alexander & Baldwin, Inc. held its Q3 2024 earnings conference call on October 24, 2024, featuring key executives including CEO Lance Parker and CFO Clayton Chun, who discussed the company's performance and future outlook.
Forward-Looking Statements Disclaimer: The presentation included forward-looking statements that involve risks and uncertainties, indicating that actual results may differ from those projected regarding operations, strategies, and growth opportunities.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ALEX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ALEX
Wall Street analysts forecast ALEX stock price to rise
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 20.760
Low
20.85
Averages
20.95
High
21.00
Current: 20.760
Low
20.85
Averages
20.95
High
21.00
About ALEX
Alexander & Baldwin, Inc. is a real estate investment trust (REIT). The Company is focused on owning, operating, and developing commercial real estate. The Company operates through two segments: Commercial Real Estate and Land Operations. The Commercial Real Estate segment functions as a vertically integrated real estate investment company with competencies in investments and acquisitions, including identifying opportunities and acquiring properties; construction and development, including designing and ground-up development of new properties, and in-house leasing and property management. The Land Operations segment includes the Company's landholdings, joint venture investments, and liabilities that are subject to the Company's simplification and monetization effort. It owns, operates, and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets and four office properties, as well as 146 acres of ground leases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Investor Rights Investigation: Multiple Company Transactions
- Investigation Background: Halper Sadeh LLC is investigating Sealed Air Corporation (NYSE:SEE) regarding its sale to CD&R-affiliated funds at $42.15 per share, which may involve potential violations of federal securities laws.
- First Foundation Transaction: First Foundation Inc. (NYSE:FFWM) is being sold to FirstSun Capital Bancorp for 0.16083 shares of FirstSun common stock per share of First Foundation, raising concerns about breaches of fiduciary duties to shareholders.
- Alexander & Baldwin Sale: Alexander & Baldwin, Inc. (NYSE:ALEX) is selling to MW Group and funds affiliated with Blackstone Real Estate and DivcoWest for $21.20 per share in cash, with Halper Sadeh LLC potentially seeking increased consideration for shareholders.
- Legal Support Offered: Halper Sadeh LLC offers free legal consultations without upfront fees, encouraging shareholders to reach out to discuss their rights and options, aiming to provide relief and benefits to defrauded investors.
See More
Investigation into Alexander & Baldwin Sale to MW Group
- Investigation Launched: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating the proposed sale of Alexander & Baldwin to MW Group and Blackstone-affiliated funds to assess the fairness of the transaction.
- Shareholder Return Analysis: Under the deal terms, Alexander shareholders are set to receive $21.20 per share, with KSF reviewing whether this price undervalues the company, potentially impacting shareholder interests.
- Legal Rights Consultation: KSF offers no-obligation legal consultations, encouraging shareholders to discuss the fairness of the transaction, demonstrating the firm's commitment to protecting shareholder rights and providing legal support.
- Public Engagement Channels: KSF provides various contact methods, including email and phone, to facilitate shareholder inquiries and enhance transparency while promoting shareholder engagement in the process.
See More
Investigation of Investor Rights Announced
- Merger Investigation: Halper Sadeh LLC is investigating Waters Corporation's merger with BD's Biosciences & Diagnostic Solutions business, where existing Waters shareholders are expected to own approximately 60.8% of the combined entity, potentially impacting shareholder rights.
- Sale Rights Notification: Two Harbors Investment Corp. is selling to UWM Holdings Corporation for 2.3328 shares of UWM Class A Common Stock per share of Two Harbors common stock, prompting Halper Sadeh LLC to encourage shareholders to understand their legal rights and options to ensure transaction fairness.
- Shareholder Rights Protection: United Security Bancshares is selling to Community West Bancshares for 0.4520 shares of Community West common stock per share of United Security common stock, with Halper Sadeh LLC potentially seeking increased compensation and additional disclosures to protect shareholder interests.
- Cash Acquisition Deal: Alexander & Baldwin, Inc. is being sold for $21.20 per share in cash to MW Group and funds affiliated with Blackstone Real Estate and DivcoWest, with Halper Sadeh LLC reminding shareholders to contact them promptly to learn about their rights and options.
See More
Johnson Fistel Investigates Alexander & Baldwin Board for Potential Breach of Duty Amid $21.20 Sale Proposal
- Investigation Launched: Johnson Fistel, PLLP has initiated an investigation into whether the board members of Alexander & Baldwin breached their fiduciary duties in connection with the proposed sale to MW Group, Blackstone Real Estate, and DivcoWest, highlighting the importance of shareholder rights.
- Acquisition Agreement Details: On December 8, 2025, Alexander & Baldwin announced a definitive merger agreement with MW Group, Blackstone Real Estate, and DivcoWest, offering shareholders $21.20 per share, which is significantly below the $24 per share forecasted by Wall Street analysts, potentially undermining shareholder confidence.
- Shareholder Rights Protection: The investigation aims to safeguard shareholder interests, encouraging those who believe the transaction undervalues their investments to participate, demonstrating the law firm's commitment to protecting investor rights.
- Law Firm Background: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm, ranked among the Top 10 Plaintiff Law Firms in 2024, having recovered approximately $90.725 million for clients, showcasing its effectiveness in advocating for investor rights.
See More
Halper Sadeh Investigates Tamboran Resources' Merger with Falcon Oil & Gas, Shareholders to Own 73.2%
- Merger Investigation: Halper Sadeh LLC is investigating the merger between Tamboran Resources Corporation and Falcon Oil & Gas Ltd., where Tamboran shareholders will own 73.2% of the combined entity, potentially impacting shareholder rights.
- Cash Acquisition: Alexander & Baldwin, Inc. is being sold to MW Group and funds affiliated with Blackstone Real Estate and DivcoWest for $21.20 per share, prompting shareholders to consider the compliance of the transaction.
- Sale Transaction: Confluent, Inc. is being sold to IBM for $31.00 per share, with Halper Sadeh LLC potentially seeking increased consideration and additional disclosures for shareholders.
- Legal Rights: Halper Sadeh LLC encourages shareholders to consult for free regarding their legal rights and options, emphasizing their expertise in securities fraud and corporate misconduct.
See More
Alexander & Baldwin, Inc. Announces $1.025 Per Share Dividend Distribution for 2025
- Dividend Distribution Announcement: Alexander & Baldwin, Inc. has declared a total dividend distribution of $1.025 per share for 2025, divided into four payments, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Payment Schedule: The quarterly dividends are set at $0.225 for March, June, and September, with a higher payment of $0.350 in December, ensuring shareholders receive consistent cash flow throughout the year.
- Tax Information Reminder: The company advises shareholders to expect IRS Form 1099-DIV for accurate reporting of dividend income on their 2025 federal tax returns, underscoring the importance of compliance.
- Company Background: Alexander & Baldwin, Inc. is the only publicly traded REIT focused exclusively on commercial real estate in Hawai'i, managing approximately 4.0 million square feet of commercial space, which highlights its leadership position in the Hawaiian market.
See More
Investor Rights Investigation: Multiple Company Transactions
- Investigation Background: Halper Sadeh LLC is investigating Sealed Air Corporation (NYSE:SEE) regarding its sale to CD&R-affiliated funds at $42.15 per share, which may involve potential violations of federal securities laws.
- First Foundation Transaction: First Foundation Inc. (NYSE:FFWM) is being sold to FirstSun Capital Bancorp for 0.16083 shares of FirstSun common stock per share of First Foundation, raising concerns about breaches of fiduciary duties to shareholders.
- Alexander & Baldwin Sale: Alexander & Baldwin, Inc. (NYSE:ALEX) is selling to MW Group and funds affiliated with Blackstone Real Estate and DivcoWest for $21.20 per share in cash, with Halper Sadeh LLC potentially seeking increased consideration for shareholders.
- Legal Support Offered: Halper Sadeh LLC offers free legal consultations without upfront fees, encouraging shareholders to reach out to discuss their rights and options, aiming to provide relief and benefits to defrauded investors.
See More
Investigation into Alexander & Baldwin Sale to MW Group
- Investigation Launched: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating the proposed sale of Alexander & Baldwin to MW Group and Blackstone-affiliated funds to assess the fairness of the transaction.
- Shareholder Return Analysis: Under the deal terms, Alexander shareholders are set to receive $21.20 per share, with KSF reviewing whether this price undervalues the company, potentially impacting shareholder interests.
- Legal Rights Consultation: KSF offers no-obligation legal consultations, encouraging shareholders to discuss the fairness of the transaction, demonstrating the firm's commitment to protecting shareholder rights and providing legal support.
- Public Engagement Channels: KSF provides various contact methods, including email and phone, to facilitate shareholder inquiries and enhance transparency while promoting shareholder engagement in the process.
See More
Investigation of Investor Rights Announced
- Merger Investigation: Halper Sadeh LLC is investigating Waters Corporation's merger with BD's Biosciences & Diagnostic Solutions business, where existing Waters shareholders are expected to own approximately 60.8% of the combined entity, potentially impacting shareholder rights.
- Sale Rights Notification: Two Harbors Investment Corp. is selling to UWM Holdings Corporation for 2.3328 shares of UWM Class A Common Stock per share of Two Harbors common stock, prompting Halper Sadeh LLC to encourage shareholders to understand their legal rights and options to ensure transaction fairness.
- Shareholder Rights Protection: United Security Bancshares is selling to Community West Bancshares for 0.4520 shares of Community West common stock per share of United Security common stock, with Halper Sadeh LLC potentially seeking increased compensation and additional disclosures to protect shareholder interests.
- Cash Acquisition Deal: Alexander & Baldwin, Inc. is being sold for $21.20 per share in cash to MW Group and funds affiliated with Blackstone Real Estate and DivcoWest, with Halper Sadeh LLC reminding shareholders to contact them promptly to learn about their rights and options.
See More
Johnson Fistel Investigates Alexander & Baldwin Board for Potential Breach of Duty Amid $21.20 Sale Proposal
- Investigation Launched: Johnson Fistel, PLLP has initiated an investigation into whether the board members of Alexander & Baldwin breached their fiduciary duties in connection with the proposed sale to MW Group, Blackstone Real Estate, and DivcoWest, highlighting the importance of shareholder rights.
- Acquisition Agreement Details: On December 8, 2025, Alexander & Baldwin announced a definitive merger agreement with MW Group, Blackstone Real Estate, and DivcoWest, offering shareholders $21.20 per share, which is significantly below the $24 per share forecasted by Wall Street analysts, potentially undermining shareholder confidence.
- Shareholder Rights Protection: The investigation aims to safeguard shareholder interests, encouraging those who believe the transaction undervalues their investments to participate, demonstrating the law firm's commitment to protecting investor rights.
- Law Firm Background: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm, ranked among the Top 10 Plaintiff Law Firms in 2024, having recovered approximately $90.725 million for clients, showcasing its effectiveness in advocating for investor rights.
See More
Halper Sadeh Investigates Tamboran Resources' Merger with Falcon Oil & Gas, Shareholders to Own 73.2%
- Merger Investigation: Halper Sadeh LLC is investigating the merger between Tamboran Resources Corporation and Falcon Oil & Gas Ltd., where Tamboran shareholders will own 73.2% of the combined entity, potentially impacting shareholder rights.
- Cash Acquisition: Alexander & Baldwin, Inc. is being sold to MW Group and funds affiliated with Blackstone Real Estate and DivcoWest for $21.20 per share, prompting shareholders to consider the compliance of the transaction.
- Sale Transaction: Confluent, Inc. is being sold to IBM for $31.00 per share, with Halper Sadeh LLC potentially seeking increased consideration and additional disclosures for shareholders.
- Legal Rights: Halper Sadeh LLC encourages shareholders to consult for free regarding their legal rights and options, emphasizing their expertise in securities fraud and corporate misconduct.
See More
Alexander & Baldwin, Inc. Announces $1.025 Per Share Dividend Distribution for 2025
- Dividend Distribution Announcement: Alexander & Baldwin, Inc. has declared a total dividend distribution of $1.025 per share for 2025, divided into four payments, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Payment Schedule: The quarterly dividends are set at $0.225 for March, June, and September, with a higher payment of $0.350 in December, ensuring shareholders receive consistent cash flow throughout the year.
- Tax Information Reminder: The company advises shareholders to expect IRS Form 1099-DIV for accurate reporting of dividend income on their 2025 federal tax returns, underscoring the importance of compliance.
- Company Background: Alexander & Baldwin, Inc. is the only publicly traded REIT focused exclusively on commercial real estate in Hawai'i, managing approximately 4.0 million square feet of commercial space, which highlights its leadership position in the Hawaiian market.
See More
