Shares of Alexander & Baldwin (ALEX), a Hawaii-based real estate company, soared 5.82% in after-hours trading on Thursday following the release of its second-quarter 2025 earnings report. The company significantly outperformed analyst expectations, driving investor enthusiasm.

Alexander & Baldwin reported earnings per share (EPS) of $0.35 for the quarter, substantially beating the consensus estimate of $0.08. The company's revenue came in at $51.702 million, slightly above the expected $51.352 million. Net income for the quarter reached $25.13 million, a notable improvement from the same period last year when the company reported EPS of $0.13.

Adding to the positive sentiment, Alexander & Baldwin raised its full-year 2025 Funds From Operations (FFO) guidance to a range of $1.35 to $1.40 per share, up from the previous forecast of $1.17 to $1.23. The company's Q2 FFO was $0.48 per share, demonstrating strong operational performance. CEO Lance Parker commented on the results, stating, "Our high-quality portfolio continues to perform well, and as a result, we are raising our full-year outlook." The raised guidance suggests management's confidence in the company's future performance, which likely contributed to the stock's after-hours rally.