Jul. 25 at 8:38 PM
$ALEX Alexander & Baldwin reports Q2 adjusted FFO 23c, consensus 25c
Reports Q2 revenue
$51.05M, consensus
$48.2M. CEO Lance Parker stated: "I am encouraged by our performance during the second quarter. Our portfolio continued to demonstrate organic growth and leasing demand was healthy. We took steps to fully fix the interest rate of our debt, strengthening our balance sheet and providing ample liquidity to pursue investment opportunities as they arise. We continued our non-core land disposition efforts and made meaningful progress toward reducing G&A. As a result of our year-to-date performance and improved outlook, we are raising our 2024 guidance."