Alexander & Baldwin Fourth Quarter 2023 Dividend Authorized

HONOLULU, Dec. 11, 2023 /PRNewswire/ — The Board of Directors of Alexander & Baldwin, Inc. (NYSE: ALEX) (“A&B” or “Company”), a Hawai’i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai’i, approved a fourth quarter 2023 dividend of $0.2225 (twenty-two and ¼ cents) per share. The dividend is payable on January 8, 2024, to shareholders of record as of the close of business on December 22, 2023.

ABOUT ALEXANDER & BALDWIN

Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai’i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai’i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142 acres of ground leases. A&B is expanding and strengthening its Hawai’i CRE portfolio and achieving its strategic focus on commercial real estate by monetizing its remaining non-core assets. Over its 153-year history, A&B has evolved with the state’s economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.

Learn more about A&B at www.alexanderbaldwin.com.

Contact:

A&B Investor Relations

(808) 525-8475

[email protected]

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