NYSE$ALEX

Alexander & Baldwin Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Alexander & Baldwin reported a net loss for Q4 2022, but saw increased CRE revenue and NOI.

Alexander & Baldwin, Inc. reported a net loss of $(71.6) million for the fourth quarter of 2022, compared to a net income of $6.1 million in the same quarter of 2021. CRE revenue increased by 4.8% to $48.4 million, and CRE NOI increased by 1.3% to $29.2 million. The company is focusing on expanding its CRE portfolio and completing its strategic transformation.

  • Net loss was $(71.6) million, compared to a net income of $6.1 million in Q4 2021.
  • CRE revenue increased by 4.8% to $48.4 million.
  • CRE NOI increased by 1.3% to $29.2 million.
  • Company is focused on expanding its CRE portfolio and completing its strategic transformation.

Headline financials

Total Revenue

$70.8M

Previous: $125M-43.2%
EPS (adj)

$0.22

Previous: $0.08+175.0%
Net Income

-$71.7M

Previous: $6.4M-1220.3%
Operating Income

$26.9M

Previous: $18.4M+46.2%
Gross Profit

-$34.3M

Previous: $49.2M-169.7%
Cash & Equivalents

$33.3M

Previous: $70M-52.4%
Total Assets

$1.79B

Previous: $1.88B-4.9%
Stock-Based Comp

$300K

Previous: $1.5M-80.0%

Revenue & EPS history

Alexander & Baldwin · Revenue · Quarterly

$70.8M

Q4 2022-43.2%vs Q4 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Alexander & Baldwin · $70.8M total across 2 segments · Q4 2022

  • Commercial Real Estate
    $48.4M+5.2%
  • Land Operations
    $22.4M-45.9%

Forward guidance

Initial outlook for 2023 includes: Core FFO per diluted share $1.08 to $1.13, CRE Same-Store NOI 2.0% to 4.0%, CRE Same-Store NOI, excluding prior year reserve reversals 5.0% to 6.5%

Tailwinds

  • Core FFO per diluted share $1.08 to $1.13
  • CRE Same-Store NOI 2.0% to 4.0%
  • CRE Same-Store NOI, excluding prior year reserve reversals 5.0% to 6.5%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

-0.0%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+1.3%

Avg return

30 days after

47%

28 / 60 earnings

Positive

+8.9%

Q4 2013

Best reaction

-14.4%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025-6.3%-5.3%-6.1%
Q2 2025+2.1%+0.5%+5.5%
Q1 2025-2.4%+2.9%+3.1%
Q4 2024+0.6%-2.5%-4.2%
Q3 2024+2.6%+3.7%+5.8%
Q2 2024+6.8%+8.4%+6.3%
Q1 2024+1.2%+2.9%+2.9%
Q4 2023-4.2%-1.9%-2.9%
Q3 2023+4.7%
Q2 2023-1.0%
Q1 2023-1.0%
Q4 2022-0.3%
Q3 2022+5.9%
Q2 2022+4.2%
Q1 2022-2.5%
Q4 2021+1.7%
Q3 2021+1.4%
Q2 2021+5.1%
Q1 2021+1.9%
Q4 2020-5.5%
Q3 2020+6.6%
Q2 2020-0.6%
Q1 2020-14.4%
Q4 2019-8.7%
Q3 2019-3.8%
Q2 2019-0.3%
Q1 2019+2.6%
Q4 2018-7.4%
Q3 2018+8.2%
Q2 2018+1.6%
Q1 2018-2.3%
Q4 2017+4.0%
Q3 2017-5.0%
Q2 2017+0.3%
Q1 2017-7.4%
Q4 2016-3.2%
Q3 2016+8.0%
Q2 2016+3.2%
Q1 2016-3.2%
Q4 2015+0.6%
Q3 2015-0.3%
Q2 2015-4.2%
Q1 2015+6.4%
Q4 2014-0.7%
Q3 2014+4.2%
Q2 2014-1.1%
Q1 2014+0.4%
Q4 2013+8.9%
Q3 2013-0.3%
Q2 2013-3.4%
Q1 2012-2.5%
Q1 2013+1.2%
Q1 2011-0.4%
Q4 2010-0.4%
Q4 2012+0.6%
Q3 2011-1.7%
Q3 2012-0.3%
Q2 2011-1.2%
Q4 2011-1.2%
Q2 2012+1.4%

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