Alexander & Baldwin, Inc. announced net income available to common shareholders of $12.4 million, or $0.17 per diluted share, for the fourth quarter of 2024, and $60.5 million, or $0.83 per diluted share, for the full year 2024. Commercial Real Estate (CRE) operating profit for the full year reached $89.4 million.
The company reported full-year 2024 FFO per diluted share of $1.37, a significant increase from $1.09 in 2023. Same-Store NOI Growth for the full year was 2.9%, with total leased occupancy at 94.6% as of December 31, 2024, indicating robust operational performance.
For 2025, Alexander & Baldwin provided initial guidance, projecting FFO per diluted share to be between $1.13 and $1.20, and CRE Same-Store NOI growth between 2.4% and 3.2%. This outlook reflects continued organic growth and strategic opportunities within its portfolio.
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