Alexander & Baldwin Reports Third Quarter 2017 Financial Results
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Alexander & Baldwin (ALEX) Reports Q3 EPS of $0.15
November 7, 2017 4:04 PM ESTAlexander & Baldwin (NYSE: ALEX) reported Q3 EPS of $0.15, versus $0.24 reported last year.
Fully-diluted earnings per share from continuing operations available to A&B shareholders ("EPS") was $0.15 for 3Q17, compared to $0.24 for the third quarter of 2016 (\"3Q16\"). EPS for 3Q17 included REIT conversion costs of $0.06, compared to $0.03 for 3Q16, and included $0.03 of expenses associated with personnel-related transitions that were not incurred in 3Q16.Commercial Real Estate ("CRE") 3Q17 operating profit was $13.6 million, compared to $13.5 million for 3Q16 and Same-Store Cash Net Operating Income1 ("Same-Store Cash NOI") for 3Q17... More