Alexander & Baldwin, Inc.

alexanderbaldwin.com

What Do They Do?

Owns, operates and leases grocery-anchored shopping centers, industrial properties and offices to retailers and other businesses in Hawai‘i.

How Do They Make Money?

The company earns rental income by leasing commercial properties to tenants. It also sells land, with payment generally due when the sale closes.

FY2025 revenue

Who Are Their Customers?

Retailers and other businesses lease space from A&B in its Hawai‘i shopping centers, industrial properties and offices.

Do Revenues Turn Into Profits?

Yes. It kept 31 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025

39% of revenue

▲ 0% vs FY2024 ($79.8M, 34%)

Net income, FY2025

31% of revenue

▲ +7% vs FY2024 ($60.5M, 26%)

How Are They Changing?

Since the FY2025 annual report

Mar 17, 2026 A joint venture completed its acquisition of A&B, taking it private A&B’s common stock ceased trading on the New York Stock Exchange.

Shrinking. Revenue fell 19% in 4 years, from $254M in FY2021 to $206.7M in FY2025, about 5% a year.

Exited materials and construction The earlier report described Grace Pacific, its materials and construction subsidiary, as a non-core asset being prepared for sale; the latest report says the sale was completed.

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