The earnings call reflected strong performance in the core CRE portfolio and financial metrics, with increased guidance indicating confidence in future growth. However, challenges related to non-cash adjustments, legacy operations, and large tenant improvement costs provided headwinds. The sentiment is generally positive due to the outweighing positive developments and strategic advancements.

Company Guidance -

Q3 2025

During the Alexander & Baldwin Second Quarter 2025 Earnings Call, guidance was raised due to strong portfolio performance. The company achieved a same-store Net Operating Income (NOI) growth of 5.3% for the quarter, with a 140 basis point improvement in same-store economic occupancy. Significant developments include the construction of a build-to-suit on Maui, expected to be completed in Q1 2026 with an annual NOI uplift of $1 million, and another project at Komohana Industrial Park, projected to achieve a $2.8 million annual NOI when stabilized in Q1 2027. The company executed 52 leases totaling approximately 184,000 square feet, with a blended leasing spread of 6.8%, and a leased occupancy rate of 95.8%. Alexander & Baldwin reported a Q2 CRE and Corporate-related FFO per share of $0.29, a 3.6% increase year-over-year, and raised its 2025 guidance, forecasting same-store NOI growth of 3.4% to 3.8% and total FFO of $1.35 to $1.40 per share.

Strong CRE Portfolio Performance

Same-store NOI growth of 5.3% driven by a 140 basis point improvement in same-store economic occupancy.

Successful Leasing Activity

Executed 52 leases representing approximately 184,000 square feet of GLA with $6.1 million of ABR. Leased occupancy increased to 95.8%.

Financial Performance and Guidance Increase

Q2 CRE and Corporate-related FFO per share of $0.29, a 3.6% increase from last year. Raised 2025 guidance with expected same-store NOI within the range of 3.4% to 3.8%.

Strategic Developments and Acquisitions

Continued construction and preconstruction work on build-to-suit projects, expected to increase GLA by more than 150,000 square feet upon completion.

Strong Balance Sheet and Liquidity

Total liquidity over $300 million with a net debt to adjusted EBITDA ratio of 3.3x, and 95% of debt at fixed rates.

Alexander & Baldwin (ALEX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ALEX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.14 / -	0.27	―	―	―
Jul 24, 2025	2025 (Q2)	0.33 / 0.35	0.16	118.75% (+0.19)
Apr 24, 2025	2025 (Q1)	0.16 / 0.29	0.28	3.57% (<+0.01)
Feb 27, 2025	2024 (Q4)	0.15 / 0.17	0.12	41.67% (+0.05)
Oct 24, 2024	2024 (Q3)	0.21 / 0.27	0.16	68.75% (+0.11)
Jul 25, 2024	2024 (Q2)	0.13 / 0.16	0.15	6.67% (+0.01)
Apr 25, 2024	2024 (Q1)	0.12 / 0.28	0.13	115.38% (+0.15)
Feb 28, 2024	2023 (Q4)	0.06 / 0.12	0.22	-45.45% (-0.10)
Nov 02, 2023	2023 (Q3)	- / 0.16	0.09	77.78% (+0.07)	―
Jul 27, 2023	2023 (Q2)	- / 0.15	0.05	200.00% (+0.10)

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

ALEX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$18.05	$18.41	+1.99%
Apr 24, 2025	$16.50	$16.11	-2.36%
Feb 27, 2025	$17.55	$17.66	+0.63%
Oct 24, 2024	$17.64	$18.04	+2.27%

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.

FAQ

When does Alexander & Baldwin (ALEX) report earnings?

Alexander & Baldwin (ALEX) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Alexander & Baldwin (ALEX) earnings time?

Alexander & Baldwin (ALEX) earnings time is at Oct 30, 2025, After Close (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 (Q3) is 0.14.

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