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Earnings Call Summary | Alexander & Baldwin Inc(ALEX.US) Q2 2024 Earnings Conference

Earnings Call Summary | Alexander & Baldwin Inc(ALEX.US) Q2 2024 Earnings Conference

業績會總結 | 亞歷山大與鮑德溫公司(ALEX.US)2024年第二季度業績會
moomoo AI ·  07/26 02:19  · 電話會議

The following is a summary of the Alexander & Baldwin, Inc. (ALEX) Q2 2024 Earnings Call Transcript:

以下是亞歷山大和鮑德溫公司(ALEX)2024年第二季度業績電話會議記錄摘要:

Financial Performance:

金融業績:

  • Net income available to shareholders was $9.1 million, or $0.13 per diluted share.

  • Income from continuing operations available to shareholders increased by 8% to $11.7 million, or $0.16 per diluted share.

  • Total company FFO was $20.6 million, or $0.28 per diluted share, a slight increase from $19.8 million, or $0.27 per diluted share, year-over-year.

  • Adjusted FFO was $16.9 million, or $0.23 per diluted share, showing a decrease compared to $18 million, or $0.25 per diluted share in the previous year.

  • 股東可獲得的淨利潤爲910萬美元,每股稀釋後收益爲0.13美元。

  • 可供股東持續經營所得增加8%,爲1170萬美元,每股稀釋後收益爲0.16美元。

  • 公司總FFO爲2060萬美元,每股稀釋後收益爲0.28美元,與去年同期相比略有增長,去年同期爲1980萬美元,每股稀釋後收益爲0.27美元。

  • 調整後的FFO爲1690萬美元,每股稀釋後收益爲0.23美元,同比下降,上一年爲1800萬美元,每股稀釋後收益爲0.25美元。

Business Progress:

業務進展:

  • Total NOI grew by 1.1%, with same-store NOI excluding collections of prior year reserves growing by 1.7%.

  • Executed 47 leases in the improved property portfolio with blended spreads of 7.3%.

  • pre-construction work progressed at Maui Business Park with construction expected to begin in early 2025, anticipating $1 million of additional ABR.

  • Five photovoltaic projects are being developed which are expected to add between $400,000 and $600,000 of incremental NOI in the next 18 months.

  • Closed the sale of 81 acres of non-core land in July at a price of $10.5 million as part of efforts to streamline business and cost structure.

  • 總NOI增長1.1%,排除去年儲備款項和收入後的同店銷售淨收入增長1.7%。

  • 在改進的資產組合中籤署了47份租約,混合加權溢價率爲7.3%。

  • 預計於2025年初開始在毛伊島業務園建設前期,預計將獲得100萬美元的額外ABR。

  • 正在開發五個光伏項目,在未來18個月內預計將增加40萬至60萬美元的淨營業收入。

  • 7月份完成了81英畝非核心土地的出售,售價爲1050萬美元,作爲簡化業務和成本結構的努力的一部分。

Opportunities:

機會:

  • The unemployment rate in Hawaii was 2.9%, compared to the national average of 4.1%, indicating robust local economic conditions.

  • Although May year-to-date visitor arrivals were down 4.1% due to the Maui wildfires, foot traffic at retail centers grew by 3.3%, highlighting recovery potential.

  • Management anticipates being opportunistic with capital recycling to make accretive acquisitions, considering improvements in the investment market.

  • 夏威夷的失業率爲2.9%,低於全國平均水平4.1%,表明當地經濟條件強勁。

  • 儘管由於毛伊島野火,5月份的到訪遊客數量下降了4.1%,但零售中心的客流量增長了3.3%,突顯了其復甦潛力。

  • 管理層預計充分利用資本回收進行收購,考慮到投資市場的改善,以實現利潤增長。

Risks:

風險:

  • The ongoing impact of the Maui wildfires saw visitor arrivals down by almost 25% on the island, indicating potential prolonged challenges for tourism-centric businesses.

  • Fluctuations in quarterly results as experienced this quarter due to structural portfolio changes, such as the renewal of the Windward City Shopping Center ground lease.

  • 毛伊島野火的持續影響導致該島的遊客數量減少了近25%,表明旅遊產業面臨潛在的長期挑戰。

  • 由於結構性投資組合變化(例如Windward City Shopping Center的續期租賃),導致季度業績波動。

More details: Alexander & Baldwin Inc IR

更多細節:亞歷山大和鮑德溫公司IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:本文由AI生成。文章內容的準確性無法完全保證。有關更全面的詳細信息,請參閱IR網站。本文只是爲投資者提供參考,沒有任何指導或推薦建議。

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