Alexander Baldwin, Inc. Reports Third Quarter 2019 Results HONOLULU , Oct. 30, 2019 |PRNewswire| -- Alexander Baldwin, Inc. (NYSE: ALEX ) ("AB" or "Company"), a Hawai'i-based real estate investment trust focused on owning and operating high-quality commercial real estate in Hawai'i, today announced financial results for the third quarter of 2019. "AB's third quarter results reflect the excellent performance of our high-quality and growing commercial real estate ("CRE") portfolio, as total portfolio cash net operating income ("NOI") grew 24.4% compared to the same quarter last year," stated Chris Benjamin , AB's president chief executive officer. "Our ability earlier this year to redeploy proceeds quickly and efficiently from non-income-producing agricultural land sales into well-located commercial real estate properties and ground leases was a significant driver of our results this quarter. Additionally, we are progressing on our development and redevelopment efforts, which will generate incremental NOI growth as we continue to concentrate the Company's capital into vibrant commercial real estate properties." "With strong fundamentals across our market and focused execution by our team, our portfolio is performing well.