Alexandria Q3 AFFO Misses Estimates, Revenues Increase Y/Y
AREAlexandria Real Estate(ARE) ZACKS·2024-10-23 00:51

Alexandria Real Estate Equities, Inc. (ARE) reported third-quarter 2024 adjusted funds from operations (AFFO) per share of $2.37, missing the Zacks Consensus Estimate by a penny. However, the reported figure outpaced the year-ago quarter’s AFFO per share of $2.26 by 4.9%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflected a rise in revenues, aided by decent leasing activity and rental rate growth. Alexandria narrowed its 2024 outlook.Total revenues of $791.6 million in ...