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Sep 30, 2020
Alexander & Baldwin Q3 2020 Earnings Report
Reported positive momentum with continued asset monetization, improved Grace Pacific performance, and further recovery of commercial real estate collections.
Key Takeaways
Alexander & Baldwin reported a net income of $3.0 million, or $0.04 per share, compared to a net loss of $49.8 million, or $0.69 per share, in the same quarter of 2019. The company saw improvements in Grace Pacific performance and continued recovery of commercial real estate collections.
Commercial Real Estate revenue decreased by 16.4% to $35.7 million.
Commercial Real Estate operating profit decreased by 38.9% to $11.0 million.
Overall occupancy was 93.5% as of September 30, 2020, a decrease of 150 basis points compared to September 30, 2019.
The company had total liquidity of $385.0 million, consisting of cash and cash equivalents of $117.1 million and $267.9 million available on its committed line of credit.
Revenue by Segment
Forward Guidance
Due to continued uncertainty amid the COVID-19 pandemic, it would be premature for the Company to reinstate guidance at this time.
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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