Alexander & Baldwin Holdings Tops FFO Estimates, What’s Next for the REIT?


Alexander & Baldwin Holdings, Inc., also known as ALEX, has recently released their fourth-quarter results, exceeding expectations in both funds from operations (FFO) and revenues. The company reported an FFO of $0.29 per share, beating the Zacks Consensus Estimate of $0.27 per share and representing a 7.41% surprise. Despite a decrease from $0.31 per share a year ago, ALEX has surpassed FFO estimates two times in the last four quarters.

In terms of revenues, Alexander & Baldwin Holdings reported $52.9 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 1.63%. While this figure is lower than the year-ago revenues of $70.8 million, the company has topped consensus revenue estimates three times in the last four quarters.

The stock market performance of Alexander & Baldwin Holdings, Inc. has seen a decline of about 10.8% since the beginning of the year, contrasting with the S&P 500’s gain of 6.5%.

Looking ahead, investors are curious about the company’s future prospects. The key indicator to watch is the company’s FFO outlook, which reflects current consensus FFO expectations for upcoming quarters and how those expectations have evolved. Currently, ALEX holds a Zacks Rank #3 (Hold), indicating that its performance is expected to align with the market in the near future.

Investors should keep an eye on any changes in estimates for the upcoming quarters and current fiscal year. The consensus FFO estimate for the next quarter is $0.29 with revenues of $52.15 million, while for the current fiscal year, the estimate stands at $1.17 on $212.25 million in revenues.

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The future performance of Alexander & Baldwin Holdings, Inc. will likely be influenced by industry trends as well. The REIT and Equity Trust – Other industry, to which ALEX belongs, is currently in the top 39% of Zacks industries, indicating a positive outlook.

Another company in the same industry, CubeSmart, is yet to report its results for the quarter ended December 2023. CubeSmart is expected to post quarterly earnings of $0.68 per share, representing a 1.5% year-over-year growth. The revenue estimate for CubeSmart is $263.34 million, up 0.9% from the previous year.

Overall, the outlook for Alexander & Baldwin Holdings, Inc. remains optimistic, with a focus on future earnings performance and industry trends shaping its stock market trajectory. Investors are advised to monitor estimate revisions and industry developments to make informed decisions regarding their investments.

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Advait Gupta
Advait Gupta
Advait is our expert writer and manager for the Artificial Intelligence category. His passion for AI research and its advancements drives him to deliver in-depth articles that explore the frontiers of this rapidly evolving field. Advait's articles delve into the latest breakthroughs, trends, and ethical considerations, keeping readers at the forefront of AI knowledge.

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