Description

Sign up or Log In

Sign up for free guest access to view investment ideas with a 45-day delay and read the full report.

Log in to read the full report.

show sort by

10	member 11/17/23 12:52PM Final noncore Asset Sale
This week, the company announced the sale of Grace Pacific, their last non-real estate asset. Proceeds were modest, but the segment was extremely volatile and came with extra G&A, so this divestiture will allow ALEX... login to read the rest view available tags
9	member 8/03/21 7:51PM Recovery Play that Hasn't Yet Recovered
For anyone looking for recovery plays that haven't yet recovered, ALEX is a good candidate after their most recent earnings: 100% exposed to high-barrier Hawaiian real estate no hotels or direct tourism exposure means that it never... login to read the rest 4 view available tags
8	member 5/27/20 12:53PM Re: Re: Worth a Look 7
Hi Spike, thanks for the questions: My guess is Q1 2021, but that's just a guess. They derive very little traffic from tourists, but the economy is highly dependent upon tourism (I think Hawaii currently has the... login to read the rest view available tags
7	member 5/27/20 11:15AM Re: Worth a Look 6
This seems interesting given the move up in some enthusiasm around prospects for improved travel and the valuation discount you highlight above A few questions 1. What is your best sense of when the dividend could be... login to read the rest view available tags
6	member 3/16/20 1:22PM Worth a Look
Cut in half since my rec three months ago (mea culpa). Market sees the Hawaii exposure and treats this like a resort hotel, but the exposure to leisure & tourism is fairly low. Traffic at their... login to read the rest 2 view available tags
5	member 1/01/20 9:04AM Re: Re: Cap Rate Math 4
SAFE seems highly overvalued so wouldnt use that as a comp for ground leases. Private market cap rates probably the better comp. view available tags
4	member 12/31/19 3:06PM Re: Cap Rate Math 3
Hi Diamond, Thanks for the question. Hopefully this summary table is helpful. Let me know if it doesn't display. As discussed in my writeup, I show two sets of cap rates: the first is what I believe... login to read the rest 1 view available tags
3	member 12/31/19 12:53PM Cap Rate Math
Hi blaueskobalt, Thanks for the write-up. Will you walk us through your cap rate math? Thanks, Diamond view available tags
2	member 12/19/19 1:03PM Re: REIT status 1
Yes, they have been a REIT for over a year now. You can see their E&P purge distribution in late 2017. view available tags
1	member 12/19/19 11:02AM REIT status
Sorry for lazy question, but does this now qualify as a REIT today? view available tags

load more messages

			2019	2020
Price:	21.00	EPS	0	0
Shares Out. (in M):	73	P/E	0	0
Market Cap (in $M):	1,500	P/FCF	0	0
Net Debt (in $M):	750	EBIT	0	0
TEV (in $M):	2,300	TEV/EBIT	0	0

Description

Sign up or Log In

Sign up for free guest access to view investment ideas with a 45-day delay and read the full report. Log in to read the full report.

Sign up for free guest access to view investment ideas with a 45-day delay and read the full report.

Log in to read the full report.