Alexander & Baldwin reports Q3 EPS 29c vs. 28c last year

Reports Q3 revenue $50.25M, consensus $50.69M. CEO Lance Parker stated: “We are pleased that overall third-quarter results exceeded expectations, and we remain confident in our full-year outlook. As a result, we are raising FFO guidance for the year. Our commercial real estate portfolio performed in line with expectations in the quarter. In addition, we executed a key lease renewal in Kailua Town, reinforcing continued leasing strength. We also advanced construction on two industrial projects, positioning us well for future growth. With increasing momentum in Hawai’i’s investment market, we are encouraged by both internal and external growth opportunities.”