Loading...
•
Dec 31, 2020
Alexander & Baldwin Q4 2020 Earnings Report
Alexander & Baldwin reported mixed results with CRE revenue decrease but positive momentum in asset monetization and Grace Pacific performance.
Key Takeaways
Alexander & Baldwin, Inc. reported fourth quarter 2020 results with net income available to A&B common shareholders of $1.0 million, or $0.01 per share. The company saw continued recovery of commercial real estate collections and positive momentum in asset monetization and Grace Pacific performance. Overall occupancy decreased slightly, but industrial portfolio occupancy reached a high-water mark.
Net Income Available to A&B Common Shareholders was $1.0 million, with diluted earnings per share of $0.01.
CRE revenue decreased by 12.1% to $36.9 million.
Comparable leasing spreads were 8.6% portfolio-wide.
The Company reinstated a fourth quarter 2020 dividend of $0.15 per share.
Revenue by Segment
Forward Guidance
Initial outlook for 2021 includes CRE Same-Store NOI growth between 0% and 4%, and Core FFO per diluted share between $0.67 and $0.77.
Positive Outlook
- CRE Same-Store NOI: 0% to 4%
- Core FFO per diluted share: $0.67 to $0.77
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
Loading earnings performance data...
Loading earnings reaction data...