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home / news releases / ALEX - Alexander & Baldwin FFO of $0.29 beats by $0.03 revenue of $53.1M

ALEX - Alexander & Baldwin FFO of $0.29 beats by $0.03 revenue of $53.1M

Alexander & Baldwin Inc. REIT Holding Company

2023-07-27 16:44:49 ET

  • Alexander & Baldwin press release ( NYSE: ALEX ): Q2 FFO of $0.29 beats by $0.03 .
  • Revenue of $53.1M (+3.9% Y/Y).
  • FY23 Core FFO per diluted share of $1.10 to $1.14, revised from $1.08 to $1.13, vs. consensus of $1.08.
  • CRE Same-Store Net Operating Income ("NOI") growth of 4.6% / CRE Same-Store NOI growth of 9.2%, excluding collections of previously reserved amounts
  • Leased occupancy as of June 30, 2023 was 94.4%
  • Comparable new and renewal leasing spreads for the improved portfolio were 10.1% and 4.7%, respectively

For further details see:

Alexander & Baldwin FFO of $0.29 beats by $0.03, revenue of $53.1M
Stock Information
Company Name: Alexander & Baldwin Inc. REIT Holding Company
Stock Symbol: ALEX
Market: NYSE
Website: alexanderbaldwin.com
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