Alexander & Baldwin (A&B) reported FY 2025 net income available to common shareholders of USD 64.7 million, with diluted EPS of USD 0.89. Revenue was USD 206.7 million (-12.7%), while operating income was USD 80.0 million. Funds From Operations (FFO) were USD 95.3 million (-4.8%), or USD 1.30 per diluted share (-5.1%), and Adjusted FFO was USD 75.1 million (-6.2%). Operating cash flow from continuing operations was USD 79.6 million, and cash and cash equivalents totaled USD 11.3 million at year-end; A&B also reported USD 442.0 million of available capacity under its revolving credit facility. In Commercial Real Estate, FY 2025 revenue rose to USD 202.9 million (+2.8%), operating profit was USD 90.9 million (+1.7%), NOI was USD 132.5 million (+4.0%), and same-store NOI was USD 129.2 million (+3.6%). Portfolio occupancy improved, with leased occupancy at 95.6% (up 100 basis points) and economic occupancy at 94.7% (up 180 basis points) as of December 31, 2025. A&B said it signed 64 new leases and 136 renewals across improved properties (722,700 square feet), and recorded USD 7.5 million of gains on commercial real estate transactions, primarily from two sales-type leases. A&B also disclosed a pending take-private deal: it entered a merger agreement on December 8, 2025 with a joint venture formed by MW Group and funds affiliated with Blackstone Real Estate and DivcoWest, with the transaction expected to close in Q1 2026 subject to customary conditions including shareholder approval. Under the agreement, shareholders would receive USD 21.20 per share in cash, less the Q4 2025 dividend of USD 0.35 per share (net USD 20.85). FY 2025 results included USD 7.1 million in merger transaction costs, primarily legal, consulting and financial advisory fees.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alexander & Baldwin Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001545654-26-000003), on February 27, 2026, and is solely responsible for the information contained therein.
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