Alexander & Baldwin (ALEX) - Hoya Hotseat

Hoya Capital

Alexander & Baldwin (ALEX) - Hoya Hotseat In the News All ALEX Apr 16 Written By Alex Pettee, CFA Hoya Capital Alexander & Baldwin (ALEX) is a small-cap retail-focused REIT that invests exclusively in the Hawaii market. ALEX traces its roots on the island back 150 years, but is among the newer REITs following its conversion from a C-Corp in 2017. ALEX owns and operates roughly 4 million square feet of commercial space, including 21 retail centers, 14 industrial assets, and four office properties, as well as 142.0 acres of ground lease assets.

President & CEO Lance Parker joins the Hoya Hotseat to share the story behind Alexander & Baldwin’s evolution into Hawaii’s only publicly traded REIT, its strategic approach to balancing long-term growth with its deep community roots, and the unique real estate dynamics and economic drivers shaping the Hawaiian market. Continue reading ▶︎ Interviews Press All Hoya Hotseat ALEX Alex Pettee, CFA Transcript So, Alexander and Baldwin uh is a publicly traded rate on the New York Stock Exchange.

Our ticker symbol is Alex and Alex is the only public REIT that is exclusively focused in the state of Hawaii. We're also headquartered here. Um we're the largest owner of strip retail assets in the state of Hawaii and about twothirds of our portfolio NOI is generated from that asset class. Our other two asset classes that we're currently invested in are industrial as well as ground leases. And the investment thesis around the geographically focused but asset class diverse is really twofold.

Uh one that Hawaii is a supply constrained market and um so we believe that just fundamentally it's uh it's a solid investment and creates opportunities uh with a supply demand imbalance and we take advantage of that and the way that we do that is the fact that we're here and so we have our management team here. uh we understand the market and ...