NYSE$ALEX
Alexander & Baldwin Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Alexander & Baldwin reported a net loss for Q4 2023 and highlighted the sale of Grace Pacific as part of their simplification strategy.
Alexander & Baldwin reported a net loss of $3.5 million for Q4 2023, with CRE operating profit at $17.0 million. The company focused on its core business by selling Grace Pacific and saw an increase in CRE Same-Store NOI of 4.3%. Leased occupancy stood at 94.7% at the end of the quarter.
- Net loss available to A&B common shareholders was $3.5 million, or $0.05 per diluted share.
- Commercial Real Estate (CRE) operating profit was $17.0 million.
- CRE Same-Store Net Operating Income (NOI) grew by 4.3%.
- The company completed the sale of Grace Pacific LLC for $60.0 million.
Headline financials
Revenue & EPS history
Alexander & Baldwin · Revenue · Quarterly
$52.9M
Revenue by segment
Alexander & Baldwin · $52.5M total across 2 segments · Q3 2023
- Commercial Real Estate$48.2M+4.3%91.8%
- Land Operations$4.3M+48.3%8.2%
Forward guidance
A&B provided full-year 2024 guidance, including CRE Same-Store NOI growth between 1.0% and 2.0%, and FFO per diluted share between $0.95 and $1.05.
Tailwinds
- CRE Same-Store NOI growth % between 1.0% and 2.0%
- CRE Same-Store NOI growth %, excluding collections of prior year reserves between 2.0% and 3.0%
- FFO per diluted share between $0.95 and $1.05
- Adjusted FFO per diluted share between $0.80 and $0.90
- FFO per share related to CRE and Corporate between $0.99 and $1.04
Headwinds
- FFO per share related to Land Operations between $(0.04) and $0.01
- The company will no longer report Core FFO and will begin to report Adjusted FFO.
- Guidance is subject to risks, uncertainties, assumptions and other factors.
- Prevailing market conditions could impact future results.
- Evaluation of alternatives by the Company related to its non-core assets and business
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports · overlaid with Q4 2023
-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
| Quarter | Report date | Reaction (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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