ALEX
Alexander & Baldwin, Inc.20.98
+0.02+0.1%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.53BP/E (TTM)
20.77Basic EPS (TTM)
1.01Dividend Yield
0.04%Recent Filings
8-K
8-K
Shareholders approve merger
Alexander & Baldwin shareholders overwhelmingly approved the merger with Tropic Purchaser LLC's subsidiary on March 9, 2026, with 57.4 million votes for versus just 424 thousand against. The deal, announced December 8, 2025, now awaits final conditions. Merger expected by March 12. Risks include deal failure or litigation.
10-K
FY2025 results
Alexander & Baldwin delivered steady FY2025 results with CRE revenue up 2.8% y/y to $202.9M on higher occupancy (95.6% leased, +100bps y/y) and leasing spreads of 6.8%, while Land Operations revenue fell 90% to $3.8M after lumpy 2024 sales. Operating income edged 0.3% higher to $80.0M despite $7.1M merger costs, bolstered by $7.5M CRE sales-type lease gains and $11.7M Land settlements; diluted EPS held at $0.89. Q4 momentum shone in same-store NOI growth of 3.6% y/y, industrial occupancy leaping 380bps to 98.9%. Liquidity remains solid with $442M revolver capacity, yet pending Q1 2026 merger with Blackstone/DivcoWest JV introduces uncertainty. Hawai'i's tourism volatility threatens leasing momentum.
8-K
Proxy supplemented amid lawsuits
Alexander & Baldwin supplemented its definitive proxy statement on February 25, 2026, addressing four shareholder lawsuits and 16 demand letters alleging disclosure gaps in the pending merger with a Blackstone-led investor group. Additions detail negotiation specifics—like no specific performance right but 11.5% parent termination fee—and management projections showing 2026E AFFO per share at $1.31. Shareholder vote looms March 9. Litigation risk persists.
8-K
ALEX goes private at $21.20/share
Alexander & Baldwin signed a merger agreement on December 8, 2025, to go private via acquisition by a JV of MW Group, Blackstone Real Estate, and DivcoWest for $21.20 per share in cash—40% above the prior close—yielding ~$2.3B enterprise value. Unanimously approved by the board, it targets Q1 2026 close pending shareholder vote; new owners plan $100M+ portfolio upgrades while keeping local leadership. Shareholder approval is key.
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