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Mar 31, 2020
Alexander & Baldwin Q1 2020 Earnings Report
Reported first quarter results with core commercial real estate business showing positive results, though COVID-19 impacts were not yet significantly felt.
Key Takeaways
Alexander & Baldwin reported a net income of $6.2 million, or $0.09 per share, for the first quarter of 2020. The core commercial real estate business continued to perform well, but the company withdrew its previously provided guidance and suspended its dividend due to the uncertainty caused by the COVID-19 pandemic.
Net income available to A&B common shareholders was $6.2 million, with diluted earnings per share of $0.09.
CRE revenue increased by 17.9% to $43.4 million.
CRE Cash NOI increased by 19.4% to $28.9 million.
Overall occupancy was 94.7% as of March 31, 2020, an increase of 180 basis points compared to March 31, 2019.
Revenue by Segment
Forward Guidance
Due to the uncertainty amid the ongoing COVID-19 pandemic, the Company is withdrawing its previously provided guidance and the Board has decided to suspend the dividend.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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