Alexander & Baldwin Holdings, Inc. (ALEX) Beats Q1 FFO and Revenue Estimates

Financial Performance - Alexander & Baldwin Holdings, Inc. reported quarterly funds from operations (FFO) of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, and showing an increase from $0.35 per share a year ago, resulting in an FFO surprise of 28.57% [1] - The company posted revenues of $53.74 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.94%, although this represents a decline from year-ago revenues of $61.2 million [2] Market Performance - Alexander & Baldwin Holdings shares have declined approximately 6.2% since the beginning of the year, while the S&P 500 has decreased by 8.6% [3] - The company has consistently outperformed consensus FFO estimates over the last four quarters [2] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.29 on revenues of $52.5 million, and for the current fiscal year, it is $1.16 on revenues of $210.7 million [7] - The estimate revisions trend for Alexander & Baldwin Holdings is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The REIT and Equity Trust - Other industry, to which Alexander & Baldwin Holdings belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, suggesting potential challenges ahead [8]