Alexander & Baldwin, Inc. (ALEX)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Alexander & Baldwin, Inc. (ALEX) trades at $20.84 with AI Score 51/100 (Grade B). Alexander & Baldwin, Inc. (A&B) is Hawai'i's premier commercial real estate company, primarily focused on owning and managing grocery-anchored shopping centers. Market cap: $1.52B, Sector: Real estate.
Price live · AI analysis from May 6, 2026Analyst Coverage for ALEX: ALEX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ALEX against Real Estate peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
ALEX: 2/7 perspectives are bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Alexander & Baldwin, Inc. (ALEX) Real Estate Portfolio & Strategy
Alexander & Baldwin, Inc. (A&B) is Hawai'i's leading commercial real estate company, specializing in grocery-anchored shopping centers and commercial properties. With a focus on the Hawai'i market, A&B owns and manages a substantial portfolio, aiming to strengthen its core real estate assets while divesting non-core holdings.
What Is the Investment Thesis for ALEX?
Alexander & Baldwin, Inc. presents a compelling investment case centered on its dominant position in the Hawai'i commercial real estate market, particularly in grocery-anchored shopping centers. The company's strategic shift towards focusing on its core Hawai'i CRE portfolio, evidenced by the monetization of non-core assets, is expected to drive long-term value. With a dividend yield of 4.92%, A&B offers an attractive income stream for investors. The company's strong profit margin of 31.3% and gross margin of 46.5% indicate efficient operations. Key catalysts include the continued expansion and strengthening of its Hawai'i CRE portfolio and successful monetization of non-core assets. Potential risks include economic downturns in Hawai'i and competitive pressures within the real estate market.
Based on FMP financials and quantitative analysis
ALEX Key Highlights
- Market capitalization of $1.52B, reflecting substantial investor confidence in the company's market position.
- Profit margin of 31.3%, indicating strong profitability and efficient cost management.
- Gross margin of 46.5%, showcasing the company's ability to generate revenue efficiently from its real estate operations.
- Free cash flow (FCF) of $0.11 billion, demonstrating the company's capacity to generate cash and fund future investments.
- Dividend yield of 4.92%, providing an attractive income stream for investors.
Who Are ALEX's Competitors?
ALEX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| LNSPF LondonMetric Property Plc | $2.45 | +0.00% | $5.72B | 63 |
| EPRT Essential Properties Realty Trust, Inc. | $31.25 | +0.24% | $6.76B | 61 |
| TKURF Tokyu REIT, Inc. | $1314.00 | +0.00% | $1.26B | 59 |
| AAT American Assets Trust, Inc. | $25.35 | -0.63% | $1.56B | 59 |
| GPTGF The GPT Group | $3.62 | +0.00% | $6.93B | 51 |
| BRSP BrightSpire Capital, Inc. | $5.38 | -1.01% | $701.55M | 51 |
| GWWTF Growthpoint Properties Limited | $0.65 | -40.91% | $2.20B | 51 |
| AFINO American Finance Trust, Inc. | $25.66 | +0.08% | $3.41B | 52 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ALEX's Key Strengths?
- Dominant market position in Hawai'i's commercial real estate market.
- Strong portfolio of grocery-anchored shopping centers.
- Experienced management team with deep local expertise.
- Attractive dividend yield providing a stable income stream.
What Are ALEX's Weaknesses?
- Geographic concentration in Hawai'i exposes the company to regional economic risks.
- Reliance on rental income makes the company vulnerable to tenant vacancies.
- Non-core assets may require significant capital investment.
- Limited diversification outside of commercial real estate.
What Could Drive ALEX Stock Higher?
- Continued expansion and strengthening of the Hawai'i CRE portfolio.
- Successful monetization of non-core assets.
- Potential acquisitions of strategic commercial properties in Hawai'i.
- Completion of planned renovations and upgrades to existing properties.
What Are the Key Risks for ALEX?
- Financial-distress signal — its Altman Z-Score of 0.96 sits in the distress zone (elevated bankruptcy risk).
- Economic downturns in Hawai'i could reduce tenant demand and rental income.
- Increased competition from other real estate companies operating in Hawai'i.
- Rising interest rates could increase borrowing costs and reduce profitability.
- Natural disasters, such as hurricanes or earthquakes, could damage properties and disrupt operations.
- Changes in consumer spending habits could impact retail tenant performance.
What Are the Growth Opportunities for ALEX?
- Expansion within the Hawai'i Market: A&B can leverage its existing market presence to acquire and develop additional commercial properties in Hawai'i. The Hawai'i commercial real estate market, while relatively small, offers opportunities for growth through strategic acquisitions and developments. Focusing on grocery-anchored centers allows A&B to capitalize on the consistent demand for essential retail services. This expansion can be achieved through strategic partnerships and targeted investments in high-growth areas within the state.
- Monetization of Non-Core Assets: The strategic divestiture of non-core assets, such as renewable energy facilities and agricultural land, presents a significant opportunity for A&B to unlock capital and streamline its operations. The proceeds from these sales can be reinvested into the core commercial real estate portfolio, enhancing its overall value and performance. Successful monetization will allow A&B to focus its resources and expertise on its primary business, driving greater efficiency and profitability.
- Enhancement of Existing Properties: A&B can increase the value of its existing portfolio by investing in renovations, upgrades, and tenant improvements. By modernizing its retail centers and industrial assets, A&B can attract higher-quality tenants and increase rental rates. This strategy can also improve the overall customer experience, driving increased foot traffic and sales for its tenants. These enhancements can be funded through internal cash flow and strategic partnerships.
- Strategic Ground Lease Management: The company manages 154 acres of ground leases, presenting an opportunity to optimize returns through renegotiation and redevelopment. By strategically managing these leases, A&B can increase rental income and unlock the potential for future development projects. This includes exploring opportunities to convert ground leases into fee simple ownership, further enhancing the value of its real estate holdings. Effective ground lease management can provide a stable and growing revenue stream for the company.
- Leveraging Local Expertise: With over 150 years of experience in Hawai'i, A&B possesses deep local expertise and relationships that provide a competitive advantage. This local knowledge allows A&B to identify and capitalize on unique opportunities within the Hawai'i real estate market. By leveraging its network of contacts and understanding of local market dynamics, A&B can make informed investment decisions and navigate the complexities of the Hawai'i real estate landscape.
What Opportunities Does ALEX Have?
- Expansion within the Hawai'i market through strategic acquisitions.
- Monetization of non-core assets to unlock capital.
- Enhancement of existing properties to increase rental income.
- Strategic ground lease management to optimize returns.
What Threats Does ALEX Face?
- Economic downturns in Hawai'i could reduce tenant demand.
- Increased competition from other real estate companies.
- Rising interest rates could increase borrowing costs.
- Natural disasters could damage properties and disrupt operations.
What Are ALEX's Competitive Advantages?
- Dominant market share in Hawai'i's grocery-anchored shopping center market.
- Long-standing relationships with tenants and local communities.
- Deep local expertise and knowledge of the Hawai'i real estate market.
- Diversified portfolio of commercial properties across various sectors.
What Does ALEX Do?
Alexander & Baldwin, Inc. (A&B) has a rich history spanning over 150 years, evolving alongside Hawai'i's economy. Originally involved in agriculture and transportation, A&B has transformed into the state's premier commercial real estate company. Today, A&B is the largest owner of grocery-anchored, neighborhood shopping centers in Hawai'i, owning, operating, and managing approximately 3.9 million square feet of commercial space. This includes 22 retail centers, ten industrial assets, and four office properties, along with 154 acres of ground leases, representing nearly 72% of the company's total assets. Beyond its core commercial real estate portfolio, A&B holds non-core assets such as renewable energy generation facilities, approximately 27,000 acres of agricultural and conservation land, and a vertically integrated paving business. The company is actively pursuing a strategic objective to concentrate on its Hawai'i commercial real estate holdings. This involves expanding and reinforcing its existing portfolio while strategically monetizing non-core assets to streamline operations and enhance shareholder value. A&B has played a significant role in the development of various sectors in Hawai'i, including agriculture, transportation, tourism, construction, residential, and commercial real estate.
What Products and Services Does ALEX Offer?
- Owns and operates commercial real estate properties in Hawai'i.
- Manages grocery-anchored shopping centers.
- Leases commercial space to retail, industrial, and office tenants.
- Acquires and develops new commercial properties.
- Manages ground leases on real estate holdings.
- Sells non-core assets, such as renewable energy facilities and agricultural land.
- Provides property management services to tenants.
How Does ALEX Make Money?
- Generates revenue primarily through rental income from commercial properties.
- Earns income from ground leases on land holdings.
- Realizes gains from the sale of non-core assets.
- Manages property expenses, including maintenance, utilities, and property taxes.
What Industry Does ALEX Operate In?
Alexander & Baldwin operates within the REIT - Diversified industry, characterized by companies that own and manage a variety of real estate assets. The industry is influenced by macroeconomic factors, interest rates, and regional economic conditions. A&B's focus on the Hawai'i market provides a degree of insulation from broader market volatility but also exposes it to the specific economic dynamics of the state. The competitive landscape includes other REITs and real estate companies operating in Hawai'i. A&B's dominance in grocery-anchored shopping centers gives it a competitive edge.
Who Are ALEX's Key Customers?
- Retail tenants in grocery-anchored shopping centers.
- Industrial tenants in warehouse and distribution facilities.
- Office tenants in commercial office buildings.
- Ground lease tenants leasing land for various purposes.
FY2026 estForward Outlook
Wall Street analysts project Alexander & Baldwin, Inc. revenue of about $202.5M for fiscal 2026, with EPS near $0.67.
F-Score 6/9Financial Health
Alexander & Baldwin, Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.96 places it in the distress zone, a signal of elevated financial risk.
ROE 6%Key Financial Metrics
Return on equity for Alexander & Baldwin, Inc. stands at 6.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.9%, showing how much profit it generates from its asset base. ALEX trades at a trailing price-to-earnings ratio of 23.46, above the Real Estate sector average of ~20x. Its free cash flow yield is 1.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.01 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 4.3%, the inverse of the P/E and a quick read on earnings relative to price.
Alexander & Baldwin, Inc. (ALEX) Valuation Context
Valued at $1.52B, ALEX is classified as a small-cap stock. Relative to its peer group, ALEX's quantitative score of 51/100 is roughly in line with the peer average of 59/100.
ALEX Revenue & Earnings Trend
In Q4 2025, ALEX generated $51.0M in top-line revenue, marking a sequential increase of 1.5%. The company recorded net income of $3.8M, with diluted EPS of $0.05. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Real Estate. Across the four most recent quarters, ALEX averaged $0.22 in diluted EPS.
Company Profile
Alexander & Baldwin, Inc. operates in the REIT - Diversified industry within the Real Estate sector. It is headquartered in Honolulu, US. The company is led by CEO Lance K. Parker. ALEX has traded publicly since 2012.
ALEX Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that those closest to the business see potential upside.
- Community sentiment has shifted positively, with discussions highlighting ALEX's strategic land holdings in Hawaii as a long-term asset.
- Market perception has improved due to recent developments in sustainable land use, aligning with current investor interests in ESG.
- Positive feedback from community members about ALEX's recent projects indicates growing optimism about their execution and long-term viability.
Bear Case
- Concerns about the overall real estate market could weigh on ALEX, as rising interest rates may dampen investor enthusiasm.
- Some community members are expressing skepticism about ALEX's ability to navigate regulatory challenges in Hawaii, which could impact growth.
- Recent discussions reveal worries about potential competition in the real estate sector, which could hinder ALEX's market position.
- A lack of significant news or catalysts in the last month has led to a perception that ALEX might be stagnating in a competitive landscape.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 2025 | $51M | $4M | $0.05 |
| Q3 2025 | $50M | $14M | $0.20 |
| Q2 2025 | $52M | $25M | $0.34 |
| Q1 2025 | $54M | $21M | $0.29 |
Based on FMP financials and quantitative analysis
ALEX Latest News
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Bloomberg · Jun 7, 2026
ALEX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ALEX.
Price Targets
Wall Street price target analysis for ALEX.
ALEX MoonshotScore
What does this score mean?
The MoonshotScore rates ALEX's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Lance K. Parker
CEO
Lance K. Parker serves as the CEO of Alexander & Baldwin, Inc. He brings extensive experience in the real estate industry, with a proven track record in strategic leadership and operational excellence. Prior to his role at A&B, Parker held various leadership positions in real estate investment and management firms. His expertise spans across property acquisition, development, and portfolio management. Parker's background equips him with the skills necessary to drive A&B's strategic objectives and enhance shareholder value.
Track Record: Since assuming the role of CEO, Lance K. Parker has focused on streamlining A&B's operations and strengthening its core commercial real estate portfolio. Key milestones under his leadership include the successful monetization of non-core assets and the strategic acquisition of high-quality commercial properties in Hawai'i. Parker has also emphasized enhancing tenant relationships and improving the overall customer experience across A&B's properties.
ALEX Real Estate Stock FAQ
What does Alexander & Baldwin, Inc. do?
Alexander & Baldwin, Inc. (A&B) is Hawai'i's premier commercial real estate company, primarily focused on owning, operating, and managing commercial properties. The company's core business revolves around grocery-anchored shopping centers, industrial assets, and office properties within Hawai'i. A&B generates revenue through rental income from its tenants and strategically manages its portfolio to maximize value. The company is also actively involved in monetizing non-core assets to streamline operations and focus on its core real estate holdings.
What do analysts say about ALEX stock?
Analyst coverage of Alexander & Baldwin, Inc. (ALEX) typically focuses on the company's strategic shift towards a Hawai'i-focused commercial real estate portfolio and its dividend yield. Key valuation metrics include price-to-earnings (P/E) ratio, price-to-funds from operations (P/FFO), and net asset value (NAV). Growth considerations center on the successful monetization of non-core assets and the expansion of its core real estate holdings. Analyst consensus is influenced by the company's ability to maintain occupancy rates, manage expenses, and generate consistent rental income.
What are the main risks for ALEX?
The main risks for Alexander & Baldwin, Inc. (ALEX) include economic downturns in Hawai'i, which could reduce tenant demand and rental income. Increased competition from other real estate companies operating in the state poses a threat to occupancy rates and rental rates. Rising interest rates could increase borrowing costs and reduce profitability. Natural disasters, such as hurricanes or earthquakes, could damage properties and disrupt operations. Additionally, changes in consumer spending habits could impact the performance of retail tenants.
What are the key factors to evaluate for ALEX?
Alexander & Baldwin, Inc. (ALEX) holds an AI score of 51/100 (moderate). P/E: 23.5x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does ALEX data refresh on this page?
ALEX prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ALEX's recent stock price performance?
Alexander & Baldwin, Inc. (ALEX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Dominant market position in Hawai'i's commercial real estate market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ALEX overvalued or undervalued right now?
Alexander & Baldwin, Inc. (ALEX) trades at 23.5x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying ALEX?
Before investing in Alexander & Baldwin, Inc. (ALEX), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available company data and market analysis as of 2026-05-06.
- Future performance is subject to market conditions and company-specific factors.