Alexander & Baldwin, Inc. Reports First Quarter 2020 Results
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Alexander & Baldwin (ALEX) Tops Q1 EPS by 3c
April 30, 2020 4:27 PM EDTAlexander & Baldwin (NYSE: ALEX) reported Q1 EPS of $0.09, $0.03 better than the analyst estimate of $0.06.
Chris Benjamin, A&B president & chief executive officer stated: "Our core commercial real estate ("CRE") business continued with positive results for the first quarter of 2020, although the impacts from the COVID-19 pandemic had not yet been felt to a significant degree. Quarterly results reflect a 19.4% increase in Cash Net Operating Income ("NOI"), 3.7% Same-Store Cash NOI growth and 10.6% growth in comparable leasing spreads for the period."
"From the onset of the COVID-19 pandemic in... More
