Alexander & Baldwin, Inc. (ALEX)

Alexander & Baldwin Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	195.84	194	187.2	174.1	151.6	160.6
Other Revenue	35.11	16.8	44.9	97.8	45.5	279.9
Total Revenue	230.95	210.8	232.1	271.9	197.1	440.5
Revenue Growth (YoY	1.30%	-9.18%	-14.64%	37.95%	-55.26%	-31.20%
Property Expenses	116.06	106.6	132.9	134.9	126.2	340.9
Selling, General & Administrative	29.73	34	35.9	36.6	31.1	58.9
Other Operating Expenses	0.61	0.5	0.6	3	2.6	3.1
Total Operating Expenses	146.4	141.1	169.4	174.5	159.9	402.9
Operating Income	84.55	69.7	62.7	97.4	37.2	37.6
Interest Expense	-19.47	-23	-22	-26.2	-30.2	-33.1
Interest & Investment Income	1.83	0.4	0.3	1	1.6	3
Other Non-Operating Income	-2.6	-2.6	0.7	0.3	0.9	0.8
EBT Excluding Unusual Items	64.31	44.5	41.7	72.5	9.5	8.3
Impairment of Goodwill	-	-	-	-	-	-49.7
Gain (Loss) on Sale of Investments	-	-	-	-	-	2.5
Gain (Loss) on Sale of Assets	2.13	1.1	54	2.9	9.4	-
Asset Writedown	-4.15	-4.8	-	-	-	-
Other Unusual Items	-2.35	-	-76.9	-	-	-
Pretax Income	59.94	40.8	18.8	75.4	18.9	-38.9
Income Tax Expense	0.17	-	-18.3	-	-0.4	-2
Earnings From Continuing Operations	59.78	40.8	37.1	75.4	19.3	-36.9
Earnings From Discontinued Operations	-15.2	-11	-87.7	-40	-13.7	-1.5
Net Income to Company	44.58	29.8	-50.6	35.4	5.6	-38.4
Minority Interest in Earnings	-	-	-	-	-	2
Net Income	44.58	29.8	-50.6	35.4	5.6	-36.4
Preferred Dividends & Other Adjustments	0.04	0.1	0.2	0.3	0.1	0.2
Net Income to Common	44.54	29.7	-50.8	35.1	5.5	-36.6
Net Income Growth	-	-	-	532.14%	-	-
Basic Shares Outstanding	73	73	73	73	72	72
Diluted Shares Outstanding	73	73	73	73	72	72
Shares Change (YoY)	0.30%	-	0.28%	0.28%	0.28%	2.27%
EPS (Basic)	0.61	0.41	-0.70	0.48	0.08	-0.51
EPS (Diluted)	0.61	0.41	-0.70	0.48	0.08	-0.51
EPS Growth	-	-	-	529.72%	-	-
Dividend Per Share	0.890	0.882	0.830	0.670	0.340	0.690
Dividend Growth	1.14%	6.33%	23.88%	97.06%	-50.72%	-
Operating Margin	36.61%	33.06%	27.01%	35.82%	18.87%	8.54%
Profit Margin	19.29%	14.09%	-21.89%	12.91%	2.79%	-8.31%
Free Cash Flow Margin	42.07%	31.83%	14.65%	45.68%	32.01%	35.78%
EBITDA	120.76	106.5	100.7	137	79.7	88.1
EBITDA Margin	52.29%	50.52%	43.39%	50.39%	40.44%	20.00%
D&A For Ebitda	36.21	36.8	38	39.6	42.5	50.5
EBIT	84.55	69.7	62.7	97.4	37.2	37.6
EBIT Margin	36.61%	33.06%	27.01%	35.82%	18.87%	8.54%
Funds From Operations (FFO)	97.9	79.4	73.4	-	58.8	-
FFO Per Share	1.35	1.09	1.01	-	0.81	-
Adjusted Funds From Operations (AFFO)	-	79.4	73.4	-	58.8	-
AFFO Per Share	-	1.09	1.01	-	0.81	-
FFO Payout Ratio	49.92%	80.98%	78.61%	-	23.47%	-
Effective Tax Rate	0.28%	-	-	-	-	-
Revenue as Reported	227.09	208.9	230.5	254	190.3	435.2

Source: S&P Capital IQ. Real Estate template. Financial Sources.