ALEX

Alexander & Baldwin, Inc. is a Hawaii-focused real estate company owning, operating, and developing commercial real estate assets across the Hawaiian Islands. The company's portfolio includes retail centers, industrial properties, office buildings, and ground leases in prime locations throughout Hawaii. Alexander & Baldwin's retail properties include shopping centers anchored by grocers and essential retailers serving local communities and tourists. Industrial properties support logistics, warehousing, and light manufacturing tenants. The company benefits from Hawaii's supply-constrained real estate markets, high barriers to new development, strong tourism industry, and resilient local economy. Alexander & Baldwin has deep roots in Hawaii dating back to 1870 when it was founded as a sugar plantation company. The company transitioned from agriculture to real estate over decades and completed the sale of its agribusiness operations in 2018. Headquartered in Honolulu, Hawaii, Alexander & Baldwin operates as a REIT focused exclusively on Hawaiian commercial real estate. The company generates stable cash flows from long-term lease agreements with creditworthy tenants while creating value through development, redevelopment, and active asset management in Hawaii's unique real estate market.