Alexander & Baldwin Inc. Reports Impressive Third Quarter 2025 Results
Alexander & Baldwin Inc. Reports Impressive Third Quarter 2025 Results
On October 30, 2025, Alexander & Baldwin, Inc. (NYSE: ALEX), based in Hawai'i, reported its financial performance for the third quarter of 2025, revealing a net income of $14.3 million, equivalent to $0.20 per diluted share. The company's robust performance is underpinned by a commercial real estate (CRE) operating profit, which reached $22.7 million during the same period.
Q3 2025 Financial Highlights
1. Funds From Operations (FFO): The company reported FFO of $21.4 million, or $0.29 per diluted share, demonstrating resilience despite market challenges.
2. FFO Related to CRE and Corporate: This segment achieved an FFO of $21.7 million, equating to $0.30 per diluted share, showcasing strong operating performance.
3. Same-Store Net Operating Income (NOI): There was a modest increase in same-store NOI by 0.6%, indicating stable income from existing properties.
4. Leased Occupancy Rate: As of September 30, 2025, the occupancy rate was an impressive 95.6%, reflecting a healthy demand for commercial spaces owned by A&B.
5. Leasing Activity: The company executed 49 leases across improved properties totaling about 163,800 square feet, resulting in an annualized base rent of approximately $3.3 million.
Forward-Looking Statements
Lance Parker, the President and CEO of Alexander & Baldwin, expressed optimism regarding the company’s trajectory, stating, "We are pleased that overall third-quarter results exceeded expectations, and we remain confident in our full-year outlook. As a result, we are raising FFO guidance for the year." This statement underscores the company’s commitment to growth and expansion amidst a dynamic marketplace.
The company is actively engaged in various significant projects, including advancing industrial development projects at Maui Business Park and breaking ground on two new buildings at Komohana Industrial, which will substantially increase its gross leasable area (GLA).
Outlook for 2025
With an upgraded outlook for 2025, the company anticipates:
- - Net Income: Adjustments indicate expectations for net income per diluted share to range between $0.95 to $1.00.
- - FFO: The projected FFO per share is now estimated to be around $1.36 to $1.41.
These forecasts signal a proactive approach to maximizing shareholder value and enhancing investor confidence. The company has a total liquidity of approximately $284.3 million, confirming its capacity to capitalize on emerging opportunities within the Hawai'i market.
A Commitment to Hawai'i
Alexander & Baldwin, recognized as a key player in Hawai'i's commercial real estate landscape, owns and operates approximately 4.0 million square feet of commercial spaces. The company has deep roots in the state, having contributed significantly to local real estate through its development endeavors over the past 155 years.
The company's dedication to enhancing the commercial real estate sector is evident in its strategic investments and operations that align with growing market demands, rendering it a leader in this vital industry. As a publicly-traded real estate investment trust focusing solely on Hawai'i, A&B remains pivotal in shaping the future of sustainable real estate in the region.
In summary, Alexander & Baldwin, Inc. has reported solid third-quarter earnings for 2025, with thought-provoking insights about its operations and future potential. As the company moves into the future, its emphasis on growth, sustainability, and community engagement will continue to be key pillars of its strategy, cementing its foundation in Hawai'i’s vibrant economy.
Topics Business Technology）
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