Alexander & Baldwin, Inc. reported positive Q4 2019 results with net income of $5.2 million. The company saw growth in its commercial real estate portfolio, with CRE revenue increasing by 18.6% to $42.0 million. Efforts to simplify the business model and reduce debt levels progressed, contributing to a stronger balance sheet.
Net income for Q4 2019 was $5.2 million, compared to a loss of $(136.6) million in Q4 2018.
CRE revenue increased by 18.6% to $42.0 million in Q4 2019.
CRE operating profit rose by 15.6% to $15.6 million in Q4 2019.
CRE Cash NOI increased by 27.4% to $27.5 million in Q4 2019.
Visualization of income flow from segment revenue to net income
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