---
schema_version: "secwatch.filing_event.v1"
accession: "0001545654-24-000018"
form_type: "8-K"
ticker: null
cik: "0001545654"
company_name: "Alexander & Baldwin, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:55:05.459342+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alexander & Baldwin Q1 net income of $20.0M; raises full-year guidance

## Summary
- Net income to common shareholders $20.0M ($0.28 diluted EPS), vs $5.3M ($0.07) in Q1 2023.
- FFO $29.2M ($0.40/diluted) and Adjusted FFO $25.5M ($0.35/diluted), up from $18.6M and $16.0M.
- CRE same-store NOI grew 4.1% (3.9% ex prior-year reserves); leased occupancy 94.0%.
- Raised 2024 FFO guidance to $1.05-$1.16/diluted share (from $0.95-$1.05) and Adj FFO to $0.89-$1.00.
- Q2 dividend $0.2225/share declared; issued $60M private placement note at 6.09% due 2032.

## SEC filing metadata
- accession: 0001545654-24-000018
- form_type: 8-K
- cik: 0001545654
- company_name: Alexander & Baldwin, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1545654/000154565424000018/0001545654-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1545654/000154565424000018/alex-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001545654-24-000018
- JSON: https://secwatch.observer/filing/0001545654-24-000018.json
- Plain text: https://secwatch.observer/filing/0001545654-24-000018.txt

## Key facts
- Earnings Releases
  Alexander & Baldwin, Inc. reported the first quarter of 2024 results: revenue $48.9 million, net income $20.0 million, EPS $0.28 per diluted share. Guidance raised.
  - Period: the first quarter of 2024
  - Revenue: $48.9 million
  - Net income: $20.0 million
  - EPS: $0.28 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: and $0.22 per diluted share in the same quarter of 2023. CRE Highlights for Q1 2024 • CRE operating revenue for the first quarter of 2024 increased by $1.0 million, or 2.1%, to $48.9 million, compared to $47.9 million in the same quarter of 2023. • CRE operating profit for the first quarter of 2024 increased by $1.1 million, or 5.3%, to $22.0 million, compared to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1545654/000154565424000018/0001545654-24-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.