Alexander & Baldwin, Inc. (ALEX)

Over the past six months, Alexander & Baldwin's stock price has experienced a decline of 20.28%. Despite this, the company has reported positive financial momentum. In the first quarter of 2025, Commercial Real Estate (CRE) portfolio Net Operating Income (NOI) increased by 4.2% year-over-year and CRE and Corporate Funds From Operations (FFO) per share rose by 11.1%. The second quarter of 2025 also showed strong performance, with total FFO of $0.48 per share, a $0.20 increase from the prior year's second quarter, and a 6.3% growth in NOI. The company raised its full-year 2025 guidance for Same-Store NOI and FFO per share based on strong performance. In November 2025, Alexander & Baldwin announced an amendment to its unsecured revolving credit facility and a new $200 million term loan facility to strengthen its capital structure. The third quarter of 2025 saw results exceeding expectations, with CRE portfolio same-store NOI growth of 0.6% and an increase in FFO guidance.

Demand for Alexander & Baldwin's products and services exhibits some seasonality, particularly in its real estate and agricultural segments. In Hawaii, the commercial real estate market generally experiences steady demand, though transaction volumes slowed in 2023-2024 due to higher interest rates. Retail spaces can see increased demand during the holiday season, while non-retail spaces, such as office and industrial leases, may experience a slowdown as businesses delay decisions until after the holidays. The macadamia nut harvest season in Hawaii primarily runs from August through January, with peak months in October and November. Demand for macadamia nuts has been steadily rising. The state of Hawaii is actively working to increase demand for local agricultural products, including diversified crops, through initiatives like encouraging consumers and state entities to prioritize locally sourced goods.

Alexander & Baldwin, Inc. (ALEX) is a diversified real estate and agribusiness company operating primarily as a REIT focused on Hawaii. The company's business activities revolve around property development, leasing, and management of commercial, industrial, and residential properties. Historically, the company was also deeply involved in Hawaii's agricultural sector, cultivating sugarcane, coffee, and macadamia nuts, and managing significant landholdings. While sugarcane operations ceased in 2016, the company continues to be invested in diversified agriculture, including macadamia nuts. Alexander & Baldwin also has a materials and construction division.

Alexander & Baldwin, Inc. is headquartered in Honolulu, Hawaii, U.S. The company's primary geographic focus for its real estate portfolio is Hawaii, where it is the largest owner of grocery-anchored, neighborhood shopping centers. As of 2020, it remained one of Hawaii's largest private landowners, with over 28,000 acres and 36 income properties in the state. The company also owns, operates, and manages commercial space across Hawaii and has some presence on the U.S. Mainland.

Alexander & Baldwin has a long-standing history in Hawaii, dating back to 1870, and emphasizes its commitment to the communities it serves. The company has a philanthropic tradition through its Kokua Giving Program, which made significant contributions to organizations across Hawaii in 2020. In 2020, Alexander & Baldwin also received a national Diversity, Equity & Inclusion Award and published a Corporate Responsibility Report highlighting its environmental, social, and governance (ESG) efforts. No specific events significantly impacting Alexander & Baldwin's brand reputation, either positively or negatively, in the past year were found in the search results.

Alexander & Baldwin, Inc. is primarily owned by institutional investors, who hold approximately 70.87% to 91.29% of the company's stock. Major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., IJR - iShares Core S&P Small-Cap ETF, and State Street Corp. Individual investors, often referred to as the general public, hold about 11% to 28.08% of the stock, while insiders own approximately 0.70% to 1.05%.