Real Estate

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A&B Properties, Inc. is a diversified real estate company engaged in land stewardship, planning, entitlement, development and management of commercial properties, and real estate development. We own over 88,000 acres throughout Hawaii, and operate and manage 5 million square feet of high-quality retail, office, and industrial properties in Hawaii and on the Mainland. We identify and pursue developments that enhance value from our raw land holdings, and reinvest tax-deferred proceeds from these efforts into new developments and a portfolio of income-producing properties to create a diverse income stream.

Sales & Development

A&B Properties actively manages a comprehensive program of land stewardship, planning, entitlement and development to enhance the value of the Company’s lands. We identify and pursue developments that enhance value from our raw land holdings and acquired parcels, and re-invest proceeds from these efforts into new development and/or commercial properties.

Leasing

A&B Properties’ Leasing segment owns, operates and manages commercial properties in Hawaii and on the U.S. Mainland. We focus on the acquisition of high-quality retail, office and industrial properties seeking to increase margins through time by improved occupancy levels and strident cost control. We regularly sell selected properties from our portfolio when we believe that value of that asset has been maximized and the full fair market value can be realized.

The portfolio, which began in 1989 with the reinvestment from proceeds of landholdings in Wailea, Maui, is today a highly diversified collection of income properties offering a balanced mix of tenants, geographies and asset classes. In addition to the commercial property portfolio, we generate revenue and earnings from a variety of land leases, licenses and other agreements related to real estate in Hawaii.

Landholdings

Alexander & Baldwin owns over 88,000 acres throughout Hawaii, with large concentrations on the islands of Maui and Kauai. The vast majority of these holdings were acquired over 100 years ago to support the cultivation of sugar cane. Today, these lands support our continuing agribusiness operations, including the cultivation of sugar on approximately 36,000 acres, as well as housing hydroelectric power production facilities.

In addition to our agricultural operations, we own considerable watershed or conservation lands. We are continually seeking ways to enhance the performance of our agricultural businesses by maximizing the value and utility of our considerable land holdings, consistent with historical stewardship and agronomic best practices.

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