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Alexander & Baldwin (ALEX)
NYSE:ALEX
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.15Last Year’s EPS
0.28Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -0.28%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong financial performance, significant cost reductions, and effective leasing strategies. However, challenges with tenant bankruptcies and slight declines in economic occupancy and same store NOI growth were noted.Company Guidance
In the Alexander & Baldwin Fourth Quarter 2024 earnings call, guidance for 2025 highlighted several key metrics and strategic priorities. The company expects same-store NOI growth to range between 2.4% and 3.2%, while FFO is projected to be between $1.13 and $1.20 per share. Additionally, CRE and corporate-related FFO is anticipated to fall between $1.11 and $1.16 per share. The guidance also includes potential contribution from external acquisitions estimated at $0.01 of FFO per share in the latter half of the year. For 2024, the company reported a strong finish with fourth-quarter FFO of $0.30 per share, marking a $0.03 increase year-over-year, and AFFO of $0.19 per share, up by $0.02. Their strategic focus for 2025 includes improving revenue through leasing, increasing occupancy in the industrial portfolio, developing land assets, and maintaining cost efficiency, with G&A expected to be flat or improve by $0.01 per share from 2024 levels.Strong FFO and AFFO Increase
Fourth quarter FFO increased by $0.03 to $0.30 per share, and AFFO increased by $0.02 to $0.19 per share compared to the same quarter last year. Full year FFO was $1.37 per share, $0.28 higher than the prior year.
Significant Reduction in G&A Expenses
G&A expenses were reduced by $4.2 million or 12.4% in 2024 compared to 2023, contributing to overall cost efficiency.
Successful Leasing Activity
Executed 209 leases totaling 630,000 square feet in 2024, with strong leasing spreads of 14% in Q4 and 11.7% for the year.
Improvement in Capital Structure
Refinanced $130 million of mortgage debt with unsecured debt at fixed rates, extended the maturity date on the revolving credit facility to 2028, and established a new at-the-market share program.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $18.00 | $18.11 | +0.61% |
| Oct 24, 2024 | $18.09 | $18.50 | +2.27% |
| Jul 25, 2024 | $17.91 | $19.05 | +6.37% |
| Apr 25, 2024 | $15.25 | $15.60 | +2.30% |
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 May 01, 2025, TBA Not Confirmed.
What is Alexander & Baldwin (ALEX) earnings time?
Alexander & Baldwin (ALEX) earnings time is at May 01, 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 (Q1) is 0.15.
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