Alexander & Baldwin, Inc. Overview
Pro stress-test →Alexander & Baldwin, Inc. (NYSE: ALEX) is a Hawai'i-based real estate investment trust (REIT) that focuses exclusively on Hawai'i commercial real estate. The company is the state's largest owner of grocery-anchored, neighborhood shopping centers and owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai'i. With a 155-year operating history in the Hawaiian islands, the company provides essential commercial real estate infrastructure across the state.
Strategic Profile
Pro stress-test →The company's portfolio includes 21 retail centers, 14 industrial assets, four office properties, and fee interests in 146 acres of ground lease assets. Alexander & Baldwin's unique market focus on Hawaii provides a significant competitive advantage, with specialization allowing for deep local market knowledge and established relationships crucial in navigating the state's unique economic landscape and regulatory environment. The company operates through two reporting segments: Commercial Real Estate and Land Operations, with strategic emphasis on active asset management and ground lease monetization.
Competitive Landscape
Pro stress-test →Investors comparing ALEX often look at related companies in the same sector, including Alexander's (ALX), Getty Realty Corp (GTY), Saul Centers Inc (BFS), CBL & Associates Properties Inc (CBL), and Netstreit Corp (NTST). A&B's primary differentiation stems from its exclusive focus on Hawaii commercial real estate, providing specialized local expertise unavailable to national multi-state REITs.
Industry Context
Alexander & Baldwin, Inc. operates in Real Estate Investment Trusts (REITs) - Retail.
Key facts
Founded: 1870 · Headquarters: Honolulu, Hawaii · Revenue: $206.7M · Market cap: $1.5B