UBS Points to Two Top European Luxury Stocks Ahead of 2026 Upswing
Alexander & Baldwin Inc (ALEX) stock recently reached a 52-week low, trading at 15.39 USD. This decline marks a significant downturn for the company, as it reflects a 22.35% decrease over the past year. The real estate and agriculture company has faced challenges amid broader market fluctuations and sector-specific issues, contributing to its current stock performance. Investors are closely monitoring the situation to gauge the company's future prospects and potential recovery.
In other recent news, Alexander & Baldwin reported its third-quarter 2025 earnings, exceeding expectations for earnings per share (EPS) but slightly missing revenue forecasts. The company's EPS was $0.20, surpassing the projected $0.17 by 17.65%. However, revenue totaled $50.21 million, falling short of the expected $50.69 million. Additionally, Alexander & Baldwin announced an amendment to its unsecured revolving credit facility. The company maintained its existing $450 million borrowing capacity and introduced a new $200 million term loan facility. The full $200 million from the term loan was drawn at closing and used to repay the $191 million outstanding balance on the revolving credit facility. The term loan is set to mature on November 3, 2030. These developments are part of the company's recent strategic financial adjustments.
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