Alexander & Baldwin, Inc. announced net income available to common shareholders of $21.4 million, or $0.29 per diluted share, for the first quarter of 2025. Commercial Real Estate (CRE) operating profit reached $23.4 million, with CRE Same-Store Net Operating Income (NOI) growth of 4.2%. Funds From Operations (FFO) stood at $26.3 million, or $0.36 per diluted share.
Alexander & Baldwin, Inc. reported net income available to A&B common shareholders of $12.4 million and Commercial Real Estate (CRE) operating profit of $22.0 million for the fourth quarter of 2024. The company saw healthy occupancy and strong leasing spreads, with a focus on continued organic and external growth opportunities.
Alexander & Baldwin reported a net income available to A&B common shareholders of $19.0 million, or $0.26 per diluted share, and Commercial Real Estate (CRE) operating profit of $22.8 million for the third quarter of 2024. The company also raised its 2024 guidance.
Alexander & Baldwin reported a net income available to A&B common shareholders of $9.1 million, or $0.13 per diluted share, and Commercial Real Estate (CRE) operating profit of $22.6 million for the second quarter of 2024. The company also highlighted a FFO of $20.6 million, or $0.28 per diluted share and an Adjusted FFO of $16.9 million, or $0.23 per diluted share.
Alexander & Baldwin reported a net income of $20.0 million, or $0.28 per diluted share, for Q1 2024. The company saw CRE Same-Store NOI growth of 4.1% and strong performance in its Land Operations segment, which contributed significantly to the company raising its full year 2024 guidance.
Alexander & Baldwin reported a net loss of $3.5 million for Q4 2023, with CRE operating profit at $17.0 million. The company focused on its core business by selling Grace Pacific and saw an increase in CRE Same-Store NOI of 4.3%. Leased occupancy stood at 94.7% at the end of the quarter.
Alexander & Baldwin reported a net income available to A&B common shareholders of $14.6 million, or $0.20 per diluted share, and Commercial Real Estate (CRE) operating profit of $20.6 million for the third quarter of 2023. CRE revenue increased 3.7% and CRE Same-Store NOI increased by 6.3%. Total leased occupancy ticked up from last quarter to 94.6%.
Alexander & Baldwin reported a strong second quarter in 2023, driven by the strength of its commercial real estate portfolio. CRE revenue increased by 7.6% and CRE Same-Store NOI increased by 4.6%. Total leased occupancy remained high at 94.4%.
Alexander & Baldwin reported a net income of $5.3 million and CRE revenue increased by 3.5% to $47.9 million. Same-Store NOI increased by 2.2% to $30.4 million and total leased occupancy was strong at 93.9%.
Alexander & Baldwin, Inc. reported a net loss of $(71.6) million for the fourth quarter of 2022, compared to a net income of $6.1 million in the same quarter of 2021. CRE revenue increased by 4.8% to $48.4 million, and CRE NOI increased by 1.3% to $29.2 million. The company is focusing on expanding its CRE portfolio and completing its strategic transformation.
Alexander & Baldwin reported strong Q3 2022 results, with the commercial real estate business posting outstanding results. Total leased occupancy remained strong at 94.6% at quarter-end, supported by a strengthening Hawai‘i economy and robust tourism. The company is shifting its focus to growth, pursuing development and acquisition opportunities.
Alexander & Baldwin reported strong Q1 2022 results, driven by exceptional performance in its commercial real estate business. Tenant performance improved, leading to strong tenant collections and robust leasing demand. The company also made progress on its strategic agenda by capitalizing on the favorable market for Hawai‘i real estate and monetizing non-CRE assets.
Alexander & Baldwin reported net income available to common shareholders of $6.1 million, or $0.08 per share, compared to $1.0 million, or $0.01 per share in the same quarter of 2020. CRE revenue increased by $9.1 million, or 24.7%, to $46.0 million. CRE net operating income increased by $7.2 million, or 33.3%, to $28.8 million.
Alexander & Baldwin reported strong Q3 2021 results, driven by the recovery in their commercial real estate business. The company saw increased revenue and NOI in its CRE segment, along with progress in simplifying its portfolio through asset sales.
Alexander & Baldwin reported strong second-quarter results driven by the robust recovery of Hawai'i's economy and the strong performance of their commercial real estate business. The company saw increases in CRE Net Operating Income and Core FFO, reflecting strengthening tenant performance. They also advanced their strategic agenda, capitalizing on the favorable market for Hawai'i real estate with proceeds from joint venture projects and asset monetization.
Alexander & Baldwin reported a strong start to 2021, driven by the recovery of Hawai‘i's economy. The company saw improvements across all business segments, particularly in commercial real estate, and made progress in simplifying its business and generating cash through strategic asset sales.
Alexander & Baldwin, Inc. reported fourth quarter 2020 results with net income available to A&B common shareholders of $1.0 million, or $0.01 per share. The company saw continued recovery of commercial real estate collections and positive momentum in asset monetization and Grace Pacific performance. Overall occupancy decreased slightly, but industrial portfolio occupancy reached a high-water mark.
Alexander & Baldwin reported a net income of $3.0 million, or $0.04 per share, compared to a net loss of $49.8 million, or $0.69 per share, in the same quarter of 2019. The company saw improvements in Grace Pacific performance and continued recovery of commercial real estate collections.
Alexander & Baldwin reported a net loss of $4.7 million, or $0.07 per share, for the second quarter of 2020, compared to a net loss of $0.8 million, or $0.01 per share, in the same quarter of 2019. The company's CRE business experienced material impacts from the COVID-19 pandemic, but steadily recovered as businesses reopened. The portfolio collection rate in the second quarter was 70%.
Alexander & Baldwin reported a net income of $6.2 million, or $0.09 per share, for the first quarter of 2020. The core commercial real estate business continued to perform well, but the company withdrew its previously provided guidance and suspended its dividend due to the uncertainty caused by the COVID-19 pandemic.
Alexander & Baldwin, Inc. reported positive Q4 2019 results with net income of $5.2 million. The company saw growth in its commercial real estate portfolio, with CRE revenue increasing by 18.6% to $42.0 million. Efforts to simplify the business model and reduce debt levels progressed, contributing to a stronger balance sheet.