Alexander & Baldwin, Inc. Provides Earnings Guidance for the Full Year of 2021
July 29, 2021 at 04:05 pm EDT
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Alexander & Baldwin, Inc. provided earnings guidance for the full year of 2021. For the period, the company increased its annual guidance to reflect its improved outlook. CRE Same-Store NOI revised guidance is 7% to 10% compared to previous guidance of 1% to 4%.
Alexander & Baldwin, Inc. (A&B) is a real estate investment trust (REIT). The Company is focused on owning, operating, and developing commercial real estate. The Company operate through two segments: Commercial Real Estate and Land Operations. The Commercial Real Estate segment functions as a vertically integrated real estate investment company with competencies in investments and acquisitions, including identifying opportunities and acquiring properties; construction and development, including designing and ground-up development of new properties and in-house leasing and property management. The Land Operations segment includes the Company's landholdings, assets, and liabilities that are subject to the Company's simplification and monetization effort. It owns, operates, and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142 acres of ground leases.
ALEXANDER & BALDWIN, INC. 
