Alexander & Baldwin Q2 EPS $0.35, FFO $0.48; raises full-year guidance

Alexander & Baldwin, Inc.

2025-Q2 EPS reported $0.64 revenue$105,440,000

Net income $25.1M ($0.35/diluted) vs $9.1M ($0.13) YoY.
FFO $35.2M ($0.48/diluted); CRE+Corporate FFO $21.2M ($0.29/diluted).
CRE same-store NOI grew 5.3% YoY; leased occupancy 95.8% with blended leasing spreads of 6.8%.
2025 guidance raised: EPS $0.91-$0.96 (prev. $0.68-$0.74); FFO $1.35-$1.40 (prev. $1.17-$1.23).
Q3 dividend $0.225/share payable Oct 7; began pre-construction of two buildings (105k sq ft) pre-leased to Lowe's.

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