Alexander & Baldwin, Inc. ( (ALEX) ) has released its Q3 earnings. Here is a breakdown of the information Alexander & Baldwin, Inc. presented to its investors.
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Alexander & Baldwin, Inc. is a premier commercial real estate company primarily operating in Hawaii, focusing on property development, leasing, and management. The company is known for its strategic investments and development projects in the Hawaiian market.
In its third-quarter 2025 earnings report, Alexander & Baldwin, Inc. announced results that exceeded expectations, highlighting solid progress throughout the year. The company remains optimistic about its full-year outlook and has raised its Funds From Operations (FFO) guidance.
Key financial metrics from the report include a net income of $14.3 million, or $0.20 per diluted share, and FFO of $21.4 million, or $0.29 per diluted share. The company’s commercial real estate (CRE) portfolio showed a same-store net operating income (NOI) growth of 0.6%, with a leased occupancy rate of 95.6%. Significant developments include breaking ground at Komohana Industrial Park and advancing projects at Maui Business Park, both expected to contribute to future NOI growth.
Strategically, the company has made strides in the Hawaii investment market, notably at the Kaka‘ako Commerce Center, where occupancy increased to 96.3%. The company is actively pursuing opportunities aligned with its long-term growth strategy, reflecting confidence in its market positioning.
Looking ahead, Alexander & Baldwin, Inc. maintains a positive outlook, supported by its strategic initiatives and robust market presence in Hawaii. The company is poised for continued growth, with management focusing on enhancing shareholder value through strategic investments and operational excellence.