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  "documentTitle": "Alexander & Baldwin (ALEX); GenCorp (GY); Brookfield Residential Properties (BRP)",
  "authorId": "07_Marcato",
  "authorName": "Marcato Capital Management",
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  "presentationDate": "2012-10-01 00:00:00",
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  "notes": "The slide highlights that the calculated equity value per share ($29.99) is essentially at parity with the current stock price ($30.00).",
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      "text": "Equity Value: $29.99",
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      "kind": "source-note",
      "text": "Source: Company documents, Marcato estimates (1) Estimated at $15m of pre-tax expenses per year, capitalized at 8x",
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      "kind": "table",
      "text": "Commercial RE Portfolio, Property Under Development, Land, Less: Corporate, Less: Debt, Equity Value, Current Stock Price, % Premium to Current",
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      "text": "ALEX: Valuation",
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