ALEX Research | Milton Maxwell

ALEX

Alexander & Baldwin, Inc.

20.98

+0.02+0.1%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

1.53B

P/E (TTM)

20.77

Basic EPS (TTM)

1.01

Dividend Yield

0.04%

Recent Filings

8-K

12/9/25Dec 9, 2025

8-K

11/6/25Nov 6, 2025

8-K

Q3 earnings steady, guidance up

10/30/25Oct 30, 2025

Alexander & Baldwin reported Q3 2025 net income of $14.3 million, down from $19.0 million last year, yet CRE operating profit held steady at $22.7 million with same-store NOI up 0.6% and leased occupancy at 95.6%. The company advanced industrial projects adding over 150,000 sq. ft. of GLA, including a pre-leased Lowe's facility, while recognizing $2.6 million in selling profit from a tenant buyout. It raised full-year FFO guidance to $1.36–$1.41 per share. Momentum builds in Hawaii's market.

8-K

EVP Ching retires end-2025

10/3/25Oct 3, 2025

Alexander & Baldwin's Executive Vice President of External Affairs, Meredith J. Ching, announced her retirement effective December 31, 2025, after notifying the company on September 29. This leadership shift removes a key figure in external relations. No successor or interim plans disclosed.

10-Q

Q2 FY2025 results

7/25/25Jul 25, 2025

Alexander & Baldwin posted solid Q2 results, with operating revenue edging up 1.3% y/y to $51.7M, driven by 3.1% growth in commercial real estate to $50.7M, though land operations dipped to $1.0M from $1.8M. Operating income surged 73.3% y/y to $28.1M, fueled by an $11.6M gain on asset settlements from a prior land deal resolution, while joint venture income doubled to $2.6M on reserve releases. Diluted EPS hit $0.35, up from $0.13, reconciling neatly to 72.9M shares with no anti-dilution flags. Cash from operations reached $42.5M YTD, down slightly q/q amid a $10M termination payment, yet revolver availability stands at $299M against $450M debt (4.64% weighted rate). The June 2025 Mahi Pono termination cleared legacy ties for $55.3M over four years, recognizing $4.1M YTD from a sales-type lease. Solid leasing boosted occupancy to 95.8%. Ongoing water rights litigation poses regulatory risks.

About

Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets, and four office properties, as well as 146 acres of ground lease assets. Over its 155-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.

CEO

Mr. Lance K. Parker

IPO

6/14/2012

Website

https://www.alexanderbaldwin.com

Employees

Sector

Real Estate

Industry

REIT - Retail