Alexander & Baldwin, Inc. Reports First Quarter 2019 Results
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Alexander & Baldwin (ALEX) Reports In-Line Q1 EPS
May 2, 2019 4:42 PM EDTAlexander & Baldwin (NYSE: ALEX) reported Q1 EPS of $0.12, in-line with the analyst estimate of $0.12.
Chris Benjamin, A&B president & chief executive officer, stated: "Our commercial real estate ("CRE") business continues to perform extremely well, with an 11.5% increase in cash net operating income ("NOI"), 7.7% same-store NOI growth and 10.3% in comparable leasing spreads in the first quarter. Meanwhile, portfolio occupancy increased 180 bps from prior year to 93.6%. Our growth efforts also advanced in... More
