CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock	Accumulated Other Comprehensive Income (Loss)	(Distribution in Excess of Accumulated Earnings) Earnings Surplus
Beginning balance (in shares) at Dec. 31, 2023		72,448,000
Beginning balance at Dec. 31, 2023	$ 1,003,011	$ 1,809,095	$ 3,250	$ (809,334)
Total Equity
Net income (loss)	29,090			29,090
Other comprehensive income (loss), net of tax	1,958		1,958
Dividend on common stock	(32,543)			(32,543)
Share-based compensation	2,388	$ 2,388
Shares issued (repurchased), net (in shares)		174,000
Shares issued (repurchased), net	(2,332)	$ (2,212)		(120)
Ending balance (in shares) at Jun. 30, 2024		72,622,000
Ending balance at Jun. 30, 2024	1,001,572	$ 1,809,271	5,208	(812,907)
Beginning balance (in shares) at Mar. 31, 2024		72,592,000
Beginning balance at Mar. 31, 2024	1,006,326	$ 1,808,009	3,979	(805,662)
Total Equity
Net income (loss)	9,108			9,108
Other comprehensive income (loss), net of tax	1,229		1,229
Dividend on common stock	(16,353)			(16,353)
Share-based compensation	1,262	$ 1,262
Shares issued (repurchased), net (in shares)		30,000
Shares issued (repurchased), net	0	$ 0		0
Ending balance (in shares) at Jun. 30, 2024		72,622,000
Ending balance at Jun. 30, 2024	$ 1,001,572	$ 1,809,271	5,208	(812,907)
Beginning balance (in shares) at Dec. 31, 2024	72,633,866	72,634,000
Beginning balance at Dec. 31, 2024	$ 1,003,543	$ 1,811,582	6,134	(814,173)
Total Equity
Net income (loss)	46,561			46,561
Other comprehensive income (loss), net of tax	(5,630)		(5,630)
Dividend on common stock	(32,949)			(32,949)
Share-based compensation	2,737	$ 2,737
Shares issued (repurchased), net (in shares)		119,000
Shares issued (repurchased), net	$ (1,230)	$ (1,219)		(11)
Ending balance (in shares) at Jun. 30, 2025	72,753,270	72,753,000
Ending balance at Jun. 30, 2025	$ 1,013,032	$ 1,813,100	504	(800,572)
Beginning balance (in shares) at Mar. 31, 2025		72,712,000
Beginning balance at Mar. 31, 2025	1,005,143	$ 1,811,826	2,506	(809,189)
Total Equity
Net income (loss)	25,128			25,128
Other comprehensive income (loss), net of tax	(2,002)		(2,002)
Dividend on common stock	(16,511)			(16,511)
Share-based compensation	1,367	$ 1,367
Shares issued (repurchased), net (in shares)		41,000
Shares issued (repurchased), net	$ (93)	$ (93)		0
Ending balance (in shares) at Jun. 30, 2025	72,753,270	72,753,000
Ending balance at Jun. 30, 2025	$ 1,013,032	$ 1,813,100	$ 504	$ (800,572)

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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Alexander & Baldwin, Inc. 10-Q