Alexander and Baldwin Inc is a diversified land and real estate company primarily focused on the development and management of properties in Hawaii
The company engages in various aspects of real estate, including commercial leasing, residential development, and agricultural operations, leveraging its extensive land holdings across the islands. With a strong commitment to sustainability, Alexander and Baldwin aims to enhance the quality of life in the communities it serves while preserving the unique cultural and natural resources of Hawaii. Through strategic partnerships and innovative projects, the company plays a significant role in shaping the economic landscape of the region.
TEJON RANCH, Calif., May 05, 2023 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today the appointment of Brett A. Brown as Executive Vice President and Chief Financial Officer. Brown was most recently Executive Vice President, Chief Financial Officer, and Treasurer at Alexander & Baldwin, Inc. (NYSE: ALEX), in Honolulu, HI. Brown will assume the position from current CFO Allen Lyda, who will continue his other responsibilities as Executive Vice President and Chief Operating Officer. Brown will report directly to Lyda in his new role.
Volatility in the financial sector has affected many Real Estate Investment Trusts, with stocks selling off over the last few weeks. Yet, investors may consider looking for opportunities among these equities as REITs can offer lucrative dividends.
Alexander & Baldwin (NYSE:ALEX) is set to give its latest quarterly earnings report on Thursday, 2022-11-03. Here's what investors need to know before the announcement. Analysts estimate that Alexander & Baldwin will report an earnings per share (EPS) of $0.13.
According to Benzinga Pro, during Q2, Alexander & Baldwin (NYSE:ALEX) earned $4.40 million, a 60.0% increase from the preceding quarter. Alexander & Baldwin's sales decreased to $88.10 million, a 10.29% change since Q1.
According to Benzinga Pro, during Q1, Alexander & Baldwin (NYSE:ALEX) earned $11.00 million, a 71.88% increase from the preceding quarter. Alexander & Baldwin's sales decreased to $98.20 million, a 21.25% change since Q4.
Midway through trading Friday, the Dow traded down 0.25% to 34,996.01 while the NASDAQ fell 0.62% to 14,686.02. The S&P also fell, dropping 0.45% to 4,399.32.
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