Alexander & Baldwin (ALEX) Misses Q1 EPS by 14c

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Alexander & Baldwin Reports First Quarter 2016 Results

May 5, 2016 4:01 PM EDT

HONOLULU, Hawaii, May 5, 2016 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company") today announced its financial results for the three months ended March 31, 2016.

"We are very pleased with the performance of our commercial assets during the quarter and the progress we're making in repositioning the portfolio. Leasing Net Operating Income (NOI) was up 7.2% to $22.4 million1, while occupancy remained high at 94%. More importantly, we advanced the migration and expansion of our commercial assets through both the January acquisition of the... More