Alexander & Baldwin reports Q4 adjusted FFO 19c, consensus 28c

FFO related to CRE and Corporate was $19.0 million, or 26c per diluted share. Lance Parker, president and chief executive officer, stated: “Our portfolio ended the year on a high note with better than expected results. Occupancy is healthy, leasing volumes continue to trend well and comparable leasing spreads are strong. Looking ahead to 2025, we are excited about our prospects to continue meaningful earnings growth organically through our portfolio, and through internal and external growth opportunities.”