Alexander & Baldwin, Inc. (ALEX)

Alexander & Baldwin, Inc. (ALEX) is a premier commercial real estate company based in Hawai'i. Led by CEO Lance Parker, A&B’s mission is to "Create value for Hawai'i" by managing the state’s largest portfolio of grocery-anchored retail centers and industrial assets. The company holds a dominant industry position in the Hawaiian market, owning 39 properties encompassing 4.0 million square feet. By December 2025, ALEX stock has been at the center of a major corporate event, as the company entered a $2.3 billion agreement to be taken private by an investor group led by Blackstone and DivcoWest at $21.20 per share. Its vision has been to serve as the "Critical Infrastructure" landlord for the islands.

The business operations of Alexander & Baldwin revolve around its 21 retail centers and 14 industrial assets, which maintain a 95.8% occupancy rate. The core growth driver in 2025 was the "Hawaiian Economic Resilience," characterized by high government spending and robust tourist expenditures. In late 2025, ALEX reported a 40% premium to its stock price following the go-private announcement. The 2026 strategic transition involves the "Portfolio Enhancement Initiative," where the new owners plan to invest over $100 million to reinforce the role of these properties in their local communities. By utilizing its "Ground Lease Moat"—owning fee interests in 146 acres of strategic land—ALEX has maintained the most stable real estate yield in the Pacific. This "Scarcity of Land" is a primary driver for the ALEX stock price until the deal close in Q1 2026. The company’s final Q4 2025 dividend of $0.35 per share represents its commitment to return value to ALEX stock investors through the end of its public life.