Alexander & Baldwin, Inc. (NYSE: ALEX) Q2 2025 Earnings | 07/25/2025

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Alexander & Baldwin, Inc. delivered a strong second quarter in 2025, reporting net income available to common shareholders of $25.1 million, or $0.35 per diluted share, and surpassing earnings expectations. Total commercial real estate (CRE) operating profit for the period was $22.2 million, supported by robust leasing activity, record-high occupancy, and effective portfolio management in the Hawaii market. Funds from operations (FFO) reached $35.2 million, or $0.48 per diluted share, while same-store net operating income (NOI) rose by 5.3%, reflecting strong internal growth across the company’s stabilized portfolio. CRE operating revenue stood at $50.7 million, with leased occupancy reaching 95.8% by quarter end and blended leasing spreads for the improved portfolio at 6.8%. The company also benefited from healthy performance in its Land Operations segment, with a $13.9 million operating profit driven by land sales, resolution of legacy obligations, and joint venture income. Administrative expenses decreased year-over-year, supporting further margin gains. Notably, the company raised its full-year 2025 guidance across key financial metrics, projecting same-store NOI growth between 3.4% and 3.8%, CRE and corporate FFO per share between $1.12 and $1.16, and total company FFO per share between $1.35 and $1.40. Management cited strong domestic visitor demand in Hawaii, continued portfolio execution, and streamlined operating costs as reasons for optimism regarding the rest of the year. Strategically, Alexander & Baldwin has advanced new development projects in its industrial and logistics portfolio, including the start of construction on new buildings at Komohana Industrial Park, with significant pre-leasing achieved with national tenants. The company’s balance sheet remains healthy, with leverage well below target levels and the flexibility to further invest in growth and return cash to shareholders. Management emphasized a disciplined approach to capital management and remains encouraged by the ongoing resilience and prospects for the Hawaii commercial real estate market. About Inside Ticker: For more expert analysis and real-time updates on Alexander & Baldwin, Inc. (NYSE: ALEX) and other market movers, follow Inside Ticker and visit http://www.insideticker.com/ for in-depth reports, financial insights, and the latest news on leading companies. #AlexanderBaldwin #ALEX #Q22025 #Earnings #FinancialResults #NetIncome #FFO #CommercialRealEstate #Hawaii #NOI #PortfolioGrowth #OperationalExcellence #Guidance #Leasing #IndustrialRealEstate #CRE #StockMarket #InsideTicker #LandOperations #Development #ShareholderReturns #BusinessUpdate #2025Outlook #Occupancy #CapitalManagement