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Manoa postal unit closing due to increase in rent

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Alexander & Baldwin, Inc. Reports First Quarter 2021 Results

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HONOLULU, April 29, 2021 /PRNewswire/
Alexander & Baldwin, Inc. (NYSE: ALEX) ( A&B or Company ), a Hawai i-based company focused on owning and operating high-quality commercial real estate in Hawai i, today announced financial results for the first quarter of 2021.
Chris Benjamin, A&B president & chief executive officer stated: We are off to a very good start in 2021 as Hawai i s economy is recovering steadily. Each of our business segments posted better results than expected in the first quarter, boding well for the balance of 2021. Our commercial real estate ( CRE ) business continued to strengthen thanks to improved tenant performance, with first quarter results reflecting a 17% increase in CRE Net Operating Income ( NOI ) over the prior quarter. The strategic and proactive approach we undertook with tenants over the past year to reduce occupancy risk has positioned us to benefit from this recovery, and we continue to work closely with our ....

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