ALEX - Alexander & Baldwin FFO of $0.29 beats by $0.06 revenue of $98.2M beats by $15.55M

Alexander & Baldwin press release (NYSE:ALEX): Q1 FFO of $0.29 beats by $0.06. Revenue of $98.2M (+21.2% Y/Y) beats by $15.55M. Achieves 17% increase in Same-Store NOI and 38% increase in Core FFO per share over the prior year quarter. Robust leasing demand continued, with leasing spreads of 8.8% for new comparable leases, and total leased occupancy climbed 70 basis points from one year ago, to 94.5% at quarter end. Revised 2022 guidance:

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Alexander & Baldwin FFO of $0.29 beats by $0.06, revenue of $98.2M beats by $15.55M