ALEXANDER & BALDWIN, INC. (NYSE:ALEX) Files An 8-K Financial Statements and ExhibitsItem 9.01 of the Form 8-K filed on February 26, 2018, relating to the February 23, 2018 acquisition of a portfolio of commercial properties in Hawaii (the "TRC Portfolio"). The TRC Portfolio was purchased from Terramar Retail Centers, LLC for total consideration of $254.1 million, including assumed debt of $62.0 million. The TRC Portfolio consists of three grocery-anchored shopping centers: (1) Laulani Village Shopping Center located in Ewa Beach, Oahu, (2) Hokulei Village Shopping Center located in Lihue, Kauai, and (3) Pu`unene Shopping Center located in Kahului, Maui. The TRC Portfolio adds approximately 390,000 square feet of gross leasable area to the Company’s Commercial Real Estate portfolio.
Item 9.01.Financial Statements and Exhibits.
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(a) |
Financial Statements of Businesses Acquired. |
The following are filed as exhibits hereto and are incorporated herein by reference:
Independent Auditors' Report
Historical Summary of the Combined Statement of Revenues and Certain Expenses of the TRC Portfolio for the year ended December 31, 2017
Notes to the Historical Summary of the combined statements of revenues and certain expenses
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(b) |
Pro Forma Financial Information. |
The following are furnished as exhibits hereto and are incorporated herein by reference:
Pro Forma Condensed Consolidated Balance Sheet as of December 31, 2017 of Alexander & Baldwin, Inc.(Unaudited) and Pro Forma Condensed Consolidated Statement of Operations of Alexander & Baldwin, Inc. for the year ended December 31, 2017 (Unaudited)
Notes to Pro Forma Condensed Consolidated Balance Sheet and Statement of Operations of Alexander & Baldwin, Inc. (Unaudited)
Exhibit No.Description of Exhibit
Alexander & Baldwin, Inc. ExhibitEX-99.1 2 trcexhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Overview On February 23,…To view the full exhibit click here
About ALEXANDER & BALDWIN, INC. (NYSE:ALEX)
Alexander & Baldwin, Inc. (A&B) is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The Company operates in four segments: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. Real estate activities are conducted through A&B Properties, Inc. and other subsidiaries of A&B. The Real Estate Development and Sales segment is engaged in program of land stewardship, planning, entitlement, development, real estate investment, and sale of land and commercial and residential properties. The Real Estate Leasing segment owns, operates and manages a portfolio of over 60 retail, office and industrial properties in Hawaii and on the Mainland. The Materials and Construction segment performs asphalt paving as prime contractor and subcontractor. The Agribusiness segment consists of sugar plantation on the island of Maui, operated by its Hawaiian Commercial & Sugar Company (HC&S) division.