Alexander & Baldwin, Inc. Reports Third Quarter 2019 Results

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Alexander & Baldwin (ALEX) Reports Q3 Loss of $0.69

October 30, 2019 4:38 PM EDT

Alexander & Baldwin (NYSE: ALEX) reported Q3 EPS of ($0.69), versus $0.12 reported last year. Revenue for the quarter came in at $0 versus the consensus estimate of $103.93 million.

"A&B's third quarter results reflect the excellent performance of our high-quality and growing commercial real estate ("CRE") portfolio, as total portfolio cash net operating income ("NOI") grew 24.4% compared to the same quarter last year," stated Chris Benjamin, A&B's president & chief executive officer. "Our ability earlier this year... More