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  "documentTitle": "Alexander & Baldwin (ALEX); GenCorp (GY); Brookfield Residential Properties (BRP)",
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  "authorName": "Marcato Capital Management",
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  "notes": "Includes a red oval highlight around the $457m and $528m valuation figures.",
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      "text": "We believe ALEX's leased commercial real estate on the mainland is worth close to $500m today, and could be worth more as rents and occupancy improve from cyclically depressed levels",
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      "text": "Source: Company documents, Marcato estimates (1) Numbers represent acres and $ / acre",
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