Alexander & Baldwin (ALEX) - Hoya Hotseat
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.