ALEX Earnings Prediction
The chart below shows how ALEX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ALEX sees a -1.54% change in stock price 10 days leading up to the earnings, and a +1.41% change 10 days following the report. On the earnings day itself, the stock moves by +0.09%. This data can give you a slight idea of what to expect for the next quarter's release.
ALEX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
61.94M
17.99%
21.35%
Gross Margin
50.42%
5.04%
20.48%
Operating Margin
49.58%
47.91%
79.38%
Net Margin
31.16%
36.31%
35.60%
EPS
0.26
30.00%
100.00%
No Data Available
ALEX Earnings Analysis
Alexander & Baldwin, Inc. Corporation (ALEX.N) Earnings Conference Call
Positive
FFO Year-over-Year Increase: Year-over-year FFO increased to $28.2 million or $0.39 per share, compared to $21.2 million or $0.29 per share in the same quarter last year.
Land Sale and Liquidity: The company closed on the sale of 81 acres of land in July, providing additional liquidity and an opportunity to streamline operations.
NOI Growth Analysis: Total NOI grew by 4.4%, with same-store NOI increasing by 4.1%, driven by strong leasing activity.
Lease Execution and Performance: The company executed 71 leases in its improved property portfolio, representing more than 182,000 square feet of GLAs with blended spreads of 15.3% on a comparable basis.
Quarterly Dividend Announcement: The company paid a third-quarter dividend of $0.2225 per share on October 7, consistent with its normal practice, and expects to declare a fourth-quarter dividend in December.
Negative
NOI Growth Metrics: Total NOI grew by 4.4%, same-store NOI grew by 4.1%, and same-store NOI, excluding collections of prior year reserves, grew at 4.7%.
Debt and Liquidity Overview: Total debt outstanding was $472 million and we had total liquidity of $446 million made up of approximately $18 million of cash and $428 million available on our revolving credit facility.
FFO Increase Year-over-Year: FFO was $28.2 million or $0.39 per share as compared to $21.2 million or $0.29 per share in the same quarter last year.
SNO Performance Comparison: SNO at quarter end was $1.9 million flat compared to last quarter and $1.1 million lower than last year.
Same-Store Economic Occupancy: Same-store economic occupancy at quarter end was 93.7%, also flat from last quarter and 10 basis points lower than the same period last year.
ALEX FAQs
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ALEX Earning Call Sentiment
Alexander & Baldwin, Inc (ALEX) Q3 2024 Earnings Call Transcript
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ALEX.N
0.61%Positive
The earnings call reveals strong financial performance with increased FFO and AFFO, decreased G&A expenses, and improved net debt to adjusted EBITDA ratio. The Q&A provides additional clarity on rent spreads and acquisition optimism, although management's reluctance to provide 2025 guidance could be a concern. Given the market cap, the stock is likely to react positively, with a predicted increase of 2% to 8% over the next two weeks.