ALEX - Alexander & Baldwin GAAP EPS of $0.07 revenue of $50.4M

2023-05-04 16:12:56 ET

• Alexander & Baldwin press release ( NYSE: ALEX ): Q1 GAAP EPS of $0.07.
• Revenue of $50.4M (-14.9% Y/Y).
• Nareit-defined Funds From Operations ("FFO") and FFO per-diluted share for the first quarter of 2023 were $18.6 million and $0.26 per share, respectively, compared to $18.8 million and $0.26 per share in the same quarter of 2022.
• Core FFO and Core FFO per-diluted share for the first quarter of 2023 were $21.2 million and $0.29 per share, respectively, compared to $20.8 million and $0.29 per share in the same quarter of 2022.
• As of March 31, 2023, the Company had total liquidity of $472.6 million, consisting of cash on hand of $10.7 million and $461.9 million available on its revolving line of credit.

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