FTSE 100 today: Edges higher as pound slips; Mitchells & Butlers jumps on results
Alexander & Baldwin Inc. (NYSE:ALEX) recently reached a 52-week low, with its stock price dipping to 15.38 USD. This marks a significant point in the company’s trading history over the past year. The real estate company has faced a challenging market environment, reflected in its 1-year change of -20.23%. This decline underscores the broader difficulties faced by the real estate sector amid economic uncertainties. As investors assess the company’s future prospects, the stock’s performance will likely remain under scrutiny, particularly given the ongoing volatility in the market.
In other recent news, Alexander & Baldwin reported its Q3 2025 earnings, surpassing expectations for earnings per share (EPS) but slightly missing revenue forecasts. The company’s EPS was $0.20, exceeding the anticipated $0.17 by 17.65%. However, revenue came in at $50.21 million, which was just below the expected $50.69 million. Additionally, the company announced an amendment to its unsecured revolving credit facility, maintaining a $450 million borrowing capacity and adding a new $200 million term loan facility. This term loan was fully drawn at closing, with proceeds used to repay the outstanding balance of $191 million on its revolving credit facility. The new term loan is set to mature on November 3, 2030. These developments reflect Alexander & Baldwin’s strategic financial maneuvers and recent performance metrics.
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