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Alexander & Baldwin (ALEX)
NYSE:ALEX
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.17Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 5.15%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call was generally positive, with strong financial performance, improvements in leasing metrics, and strategic asset management activities. However, the company remains cautious due to macroeconomic uncertainty and potential impacts from tariffs and lease contingencies.Company Guidance
In the first quarter of 2025, Alexander & Baldwin, Inc. reported strong financial performance, surpassing expectations and achieving several key priorities. The company's commercial real estate (CRE) portfolio showed impressive growth, with same-store net operating income (NOI) increasing by 4.2%, and leased occupancy rising to 95.4%, an 80 basis point improvement sequentially. Economic occupancy also improved to 93.9%, marking a 100 basis point increase from the previous quarter. The company executed 42 leases, covering approximately 237,000 square feet of gross leasable area (GLA) and generating $5.6 million in annualized base rent (ABR). Financially, the CRE portfolio generated $33.2 million in NOI, reflecting a 4.6% increase from the previous year, while funds from operations (FFO) per share from CRE and corporate activities grew by 11.1% to $0.30 when adjusted for prior-year adjustments. Total FFO for the quarter was $0.36 per share, driven by $0.06 from land operations, including $2.2 million from agricultural land sales. The company raised its total FFO guidance to $1.17-$1.23 per share, though it maintained its CRE and corporate-related FFO guidance, citing macroeconomic uncertainties. Overall, Alexander & Baldwin, Inc. demonstrated solid operational performance and prudent financial management in the face of market challenges.CRE Portfolio Performance Improvement
Same-store NOI grew by 4.2% for the quarter, with leased occupancy at Kakaako Commerce Center up to 95.6% from 83.2% last quarter.
Successful Ground Lease and Strategic Investment
Transferred a five-acre lot at Maui Business Park into the ground lease portfolio, signing a seventy-five-year lease with a self-storage developer, contributing nearly a penny to 2025 FFO.
Increase in Total FFO Guidance
Raised total company FFO guidance to a range of $1.17 to $1.23 per share, reflecting better-than-expected first-quarter land operations results.
Strong Financial Performance
First-quarter CRE and corporate FFO per share was 30¢, reflecting an 11.1% increase when normalized for the prior year's adjustments.
Robust Leasing Activity
Executed 42 leases representing approximately 237,000 square feet of GLA and $5.6 million of ABR, with strong blended leasing spreads at 10.2%.
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ALEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 24, 2025 | $16.71 | $16.31 | -2.39% |
Feb 27, 2025 | $17.77 | $17.88 | +0.62% |
Oct 24, 2024 | $17.86 | $18.27 | +2.30% |
Jul 25, 2024 | $17.68 | $18.80 | +6.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alexander & Baldwin (ALEX) report earnings?
Alexander & Baldwin (ALEX) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Alexander & Baldwin (ALEX) earnings time?
Alexander & Baldwin (ALEX) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALEX EPS forecast?
ALEX EPS forecast for the fiscal quarter 2025 (Q2) is 0.17.
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