EOG Resources completes $5.6 billion acquisition of Encino Acquisition Partners
Meredith (NYSE:MDP) J. Ching, Executive Vice President of External Affairs at Alexander & Baldwin, Inc. (NYSE:ALEX), sold 700 shares of common stock on July 10, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $17.9315, for a total value of $12552. The prices for the transactions ranged from $17.84 to $17.99.
Following the transaction, Ching directly owns 148,949 shares of Alexander & Baldwin, Inc. common stock. Ching also indirectly owns 213 shares by spouse and 781.5710 shares by TCESOP.
The sales were executed under a Rule 10b5-1 trading plan.
In other recent news, Alexander & Baldwin reported a strong performance for the first quarter of 2025, surpassing earnings expectations with an earnings per share (EPS) of $0.29, compared to the projected $0.15. This marks a significant earnings surprise and reflects positively on the company’s strategic efforts. The company also raised its total funds from operations (FFO) guidance to a range of $1.17-$1.23 per share, indicating confidence in its future financial performance. In a strategic development, Alexander & Baldwin announced plans to expand its Komohana Industrial Park in Kapolei, O’ahu, which will include two new Class A industrial buildings. This expansion, featuring a pre-lease with Lowe’s (NYSE:LOW), will increase the park’s gross leasable area by 44% upon completion in the fourth quarter of 2026. Furthermore, the company’s leased occupancy rose to 95.4%, highlighting strong leasing activity. Analyst firms have noted the company’s resilience and effective market strategies amid macroeconomic uncertainties. The expansion and earnings results underscore Alexander & Baldwin’s proactive approach to capitalizing on growth opportunities in the commercial real estate sector.
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