Hawaiian real estate has remained a primary focus for Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B), the only publicly-traded real estate investment trust to exclusively concentrate on commercial property in the state. As the largest owner of grocery-anchored, neighborhood shopping centers in Hawaii, A&B boasts a commercial portfolio covering approximately 3.9 million square feet of property, spanning 22 retail centers, 12 industrial assets, and four office properties, in addition to 141 acres of ground leases. The firm continues to diversify its holdings, monetizing its remaining non-core assets to strengthen its strategic presence in the local market. With a rich history stretching back 153 years, A&B has always adapted and grown alongside Hawaii's economy, taking a lead role in the development of agriculture, transportation, tourism, construction, residential, and commercial real estate industries.