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Alexander & Baldwin, Inc.

ALEX

Alexander & Baldwin, Inc. • NYSE
$15.63 ▲ 0.19% (+0.03)
Market Cap $1.14 B
52w High $19.76
52w Low $15.34
Dividend Yield 0.90%
P/E 15.48
Volume 160.20K
Outstanding Shares 72.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $50.248M ▼ $3.52M ▲ $14.337M ▼ 28.532% ▼ $0.2 ▼ $30.054M ▼
Q2-2025 $51.702M ▼ $-4.549M ▼ $25.128M ▲ 48.602% ▲ $0.35 ▲ $41.008M ▲
Q1-2025 $53.738M ▼ $2.694M ▼ $21.433M ▲ 39.884% ▲ $0.29 ▲ $36.264M ▲
Q4-2024 $62.448M ▲ $8.1M ▲ $12.443M ▼ 19.925% ▼ $0.17 ▼ $28.111M ▼
Q3-2024 $61.944M $7.436M $19.004M 30.679% $0.26 $34.059M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $17.294M ▲ $1.657B ▲ $645.656M ▲ $1.012B ▼
Q2-2025 $8.579M ▼ $1.642B ▼ $629.341M ▼ $1.013B ▲
Q1-2025 $16.855M ▼ $1.649B ▼ $643.471M ▼ $1.005B ▲
Q4-2024 $33.436M ▲ $1.67B ▲ $666.889M ▲ $1.004B ▲
Q3-2024 $17.919M $1.65B $651.82M $998.182M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.337M ▼ $0 ▼ $0 ▲ $0 ▲ $0 ▲ $0 ▼
Q2-2025 $25.267M ▲ $16.495M ▼ $-4.835M ▼ $-19.115M ▲ $-7.455M ▲ $20.664M ▼
Q1-2025 $21.294M ▲ $25.997M ▲ $-793K ▼ $-41.324M ▼ $-16.12M ▼ $21.828M ▲
Q4-2024 $12.443M ▼ $24.317M ▼ $9.732M ▲ $-18.532M ▼ $15.517M ▲ $15.244M ▲
Q3-2024 $19.004M $35.309M $-32.754M $-14.159M $-11.604M $1.616M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Commercial Real Estate Segment
Commercial Real Estate Segment
 $100.00M ▲$50.00M ▼$50.00M ▲$50.00M ▲
Land Operations
Land Operations
 $20.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Alexander & Baldwin’s earnings profile has become healthier over the past few years. Revenue has been fairly steady, but profit quality has improved, with operating results trending upward after a soft patch. The company moved from a loss a few years ago to clearly positive earnings more recently, which signals better execution, more efficient use of its properties, or improved rents. The main watchpoint is that results have shown some volatility from year to year, so while the current trend is favorable, it may not be perfectly smooth going forward.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid and gradually leaner. Total assets have edged down as the company has simplified and focused its portfolio, while shareholder equity has stayed fairly stable. Debt has been reduced compared with several years ago and then held steady, which lowers financial risk compared with the past. Cash on hand, however, is quite limited, so the company likely relies more on recurring cash flow and credit access than on a large cash cushion. Overall, the structure looks balanced but not overly liquid.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has been consistently positive and has strengthened in recent years. After funding regular capital spending on its properties, the business still produces positive free cash flow, which is a healthy sign for a real estate company. Investment spending has been steady rather than aggressive, suggesting a disciplined approach to development and redevelopment rather than a rapid expansion push. The main consideration is that with modest cash balances, ongoing access to these cash flows and financing lines remains important to support projects and distributions.

Competitive Edge

Competitive Edge Alexander & Baldwin occupies a very distinctive niche: it is almost entirely focused on Hawaii, owns a sizable and hard‑to‑replace land and property base, and is deeply embedded in local communities and regulations. Its concentration in grocery‑ and drug‑anchored neighborhood centers gives it exposure to everyday, needs‑based retail, which tends to be more resilient than tourism‑dependent or purely discretionary tenants. Long local relationships, in‑house leasing and property management, and a strong legacy brand further support its position. The flip side is geographic concentration risk: the company is heavily tied to the health of the Hawaiian economy and its regulatory environment.

Innovation and R&D

Innovation and R&D Instead of traditional lab‑style R&D, Alexander & Baldwin invests in property innovation and sustainability. It is rolling out rooftop solar, energy‑efficient systems, smart irrigation, and electric‑vehicle charging across its portfolio, aligning with Hawaii’s clean energy goals and potentially lowering costs for tenants. The company is also focusing on creative redevelopment of existing centers and expansion of industrial and logistics parks, such as projects on Maui and other islands. These efforts are aimed at modernizing the portfolio, deepening tenant appeal, and opening new income streams, but they depend on successful execution and continued tenant demand.

Summary

Overall, Alexander & Baldwin looks like a focused, improving Hawaii‑centric real estate platform. Profitability has recovered from a prior downturn, cash flows are consistently positive, and the balance sheet is reasonably steady with less debt than in the past, albeit with limited cash reserves. Its strongest advantages lie in scarce, well‑located Hawaiian land, long local relationships, and a portfolio geared toward essential retail and industrial uses. At the same time, the company is taking practical steps to modernize through sustainability initiatives and development projects. Key uncertainties include exposure to Hawaii’s concentrated economy, occasional earnings volatility, and the need to keep carefully balancing redevelopment spending with its financial resources.

NEWS

November 6, 2025 · 4:05 PM UTC

Alexander & Baldwin Amends Credit Facility, Adds $200 Million Term Loan to Support Strategic Growth

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November 5, 2025 · 7:33 AM UTC

Alpha Announces New Drilling Results from Ongoing 2025 Exploration Program at the Aburna Gold Project

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October 30, 2025 · 4:05 PM UTC

Alexander & Baldwin, Inc. Reports Third Quarter 2025 Results

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October 10, 2025 · 8:00 AM UTC

Alexander & Baldwin Announces Third Quarter 2025 Earnings Release and Conference Call Date

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September 10, 2025 · 8:48 AM UTC

ALEX SPIRO FILES DEFAMATION SUIT AGAINST SHORT SELLER ON BEHALF OF TECNOGLASS

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