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Dec 31, 2022
Alexander & Baldwin Q4 2022 Earnings Report
Alexander & Baldwin reported a net loss for Q4 2022, but saw increased CRE revenue and NOI.
Key Takeaways
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.
Net loss was $(71.6) million, compared to a net income of $6.1 million in Q4 2021.
CRE revenue increased by 4.8% to $48.4 million.
CRE NOI increased by 1.3% to $29.2 million.
Company is focused on expanding its CRE portfolio and completing its strategic transformation.
Revenue by Segment
Forward Guidance
Initial outlook for 2023 includes: Core FFO per diluted share $1.08 to $1.13, CRE Same-Store NOI 2.0% to 4.0%, CRE Same-Store NOI, excluding prior year reserve reversals 5.0% to 6.5%
Positive Outlook
- Core FFO per diluted share $1.08 to $1.13
- CRE Same-Store NOI 2.0% to 4.0%
- CRE Same-Store NOI, excluding prior year reserve reversals 5.0% to 6.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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