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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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  "presentationDate": "2012-10-01 00:00:00",
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  "notes": "The table shows a significant discount (54.9%) of the current stock price relative to the estimated market value per share.",
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      "text": "Equity Value: $13.52",
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      "text": "Source: Company documents, Marcato estimates",
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      "text": "(1) Estimated at $15m of pre-tax expenses per year, capitalized at 8x",
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      "text": "Commercial RE Portfolio, Hawaii, Mainland, Total, Property Under Development, Wholly Owned, JV, Total, Land, Less: Corporate, Less: Debt, Equity Value, Current Stock Price, % Premium / (Discount) to Current",
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