Alexander & Baldwin Reports Strong Q1 2025 Earnings

Alexander & Baldwin, Inc. ( (ALEX) ) has released its Q1 earnings. Here is a breakdown of the information Alexander & Baldwin, Inc. presented to its investors.

Alexander & Baldwin, Inc. is a Hawai‘i-based real estate investment trust specializing in commercial real estate, known for its significant presence in grocery-anchored neighborhood shopping centers across the state. In its first quarter of 2025 earnings report, the company announced a net income of $21.4 million, or $0.29 per diluted share, and a commercial real estate operating profit of $23.4 million. The company also reported funds from operations of $26.3 million, or $0.36 per diluted share, with a notable 4.2% growth in same-store net operating income. Leased occupancy stood at 95.4%, and the company executed a 75-year ground lease at Maui Business Park, expected to contribute to future earnings. Alexander & Baldwin’s strategic activities included converting non-income producing land into income-generating assets and streamlining operations by selling agricultural land. Looking ahead, the company maintains a positive outlook, expecting continued growth in its commercial real estate portfolio and operational efficiencies.