Alexander & Baldwin, Inc. ( (ALEX) ) has released its Q2 earnings. Here is a breakdown of the information Alexander & Baldwin, Inc. presented to its investors.
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Alexander & Baldwin, Inc. is a Hawai’i-based real estate investment trust focusing on commercial real estate, known for being the largest owner of grocery-anchored shopping centers in the state.
In its second quarter of 2025, Alexander & Baldwin, Inc. reported a net income of $25.1 million, or $0.35 per diluted share, reflecting a significant improvement from the previous year. The company also announced a commercial real estate operating profit of $22.2 million.
Key financial highlights include a 5.3% growth in same-store net operating income and a leased occupancy rate of 95.8%. The company also reported funds from operations of $35.2 million, or $0.48 per diluted share, and began pre-construction on two new buildings at Komohana Industrial Park, enhancing its industrial asset portfolio.
Looking ahead, Alexander & Baldwin has raised its full-year guidance, reflecting confidence in its growth strategy and ongoing projects. The company continues to focus on expanding its high-quality portfolio and executing its internal growth strategy effectively.