|Bid||37.910 x 100|
|Ask||45.840 x 100|
|Day's Range||41.480 - 42.250|
|52 Week Range||36.980 - 46.870|
|PE Ratio (TTM)||436.25|
|Dividend & Yield||0.28 (0.65%)|
|1y Target Est||N/A|
Alexander & Baldwin, one of Hawaii’s largest owners of commercial real estate, said Monday that it is converting to a real estate investment trust and has hired an experienced REIT executive to serve as the Honolulu-based company’s chief financial officer. Alexander & Baldwin (ALEX) had been evaluating the conversion since last fall and reported spending a total of $14.3 million on the process, as of the end of the first quarter. The board of directors voted unanimously on Monday to approved the conversion, the company said .
Alexander & Baldwin Inc. is seeking to cut energy consumption at three of its commercial buildings on Oahu through a partnership with energy efficiency company Carbon Lighthouse. Alexander & Baldwin (ALEX) said the project, which follows an energy efficiency pilot last summer, will focus on reducing the carbon footprint of the Sam’s Club-anchored Pearl Highlands Center, Kakaako Commerce Center and the Safeway anchored Manoa Marketplace.
Alexander & Baldwin Inc. has entered into a partnership with California-based TerViva to cultivate pongamia on 250 acres of former sugar plantation lands in Central Maui. The tree, which is native to Asia and was introduced to Hawaii over 100 years ago, could potentially address the state's need for renewable fuels, bioenergy and diversified agriculture, according to a statement from Honolulu-based Alexander & Baldwin (ALEX), which closed down its Hawaiian Commercial & Sugar Co. operation and held its last sugar harvest at the end of last year. "Our partnership with TerViva shows continued progress in our first phase of diversified agriculture projects," said A&B President & CEO Chris Benjamin said in a statement.