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Alexander & Baldwin: Capitalized On A Strong Hawaiian Market In 2022

Mar. 07, 2023 5:14 AM ETAlexander & Baldwin, Inc. (ALEX)
Justin Purohit profile picture
Justin Purohit


  • Alexander & Baldwin is the premier publicly traded REIT focused on the Hawaiian market.
  • The company has a long operating history on the island chain, and they own a sizeable portfolio of commercial real estate assets, as well as non-core land holdings.
  • In fiscal 2022, A&B exceeded the high end of expectations. The strong results also enabled three dividend hikes during the year, as well as the conviction to opportunistically repurchase shares.
  • While the outlook is positive, the timing of their pending sale of their Grace Pacific unit is uncertain.
  • The upside potential also appears limited due to a lack of meaningful catalysts for growth.
Hawaii beach Honolulu city travel landscape of Waikiki beach and Diamond Head mountain peak at sunset, Oahu island, USA vacation.


Alexander & Baldwin (NYSE:ALEX), or A&B as is more commonly known, is a premier commercial real estate company based out of the State of Hawaii. They have a long history operating on the islands and are the owner of the largest

This article was written by

Justin Purohit profile picture
Regularly providing timely analysis on operating results, with a particular emphasis on REITs and other Macro-focused stocks. Opinions are determined through comparative financial statement analysis, earnings coverage, and various valuation techniques. My profession is in accounting, and I am a licensed CPA.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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