Alexandria (ARE) Beats Q1 AFFO Estimates, Narrows '24 Guidance [Yahoo! Finance]
Alexandria Real Estate Equities, Inc. (ARE)
Last alexandria real estate equities, inc. earnings: 4/27 04:10 pm
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Source: Yahoo! Finance
2024 adjusted funds from operations (AFFO) per share of $2.35 yesterday, which beat the Zacks Consensus Estimate of $2.31. The reported figure also climbed 7.3% from the year-ago quarter. Results reflected a rise in revenues, aided by decent leasing activity and rental rate growth. Alexandria also narrowed its 2024 outlook. Total revenues of $769.1 million increased 9.7% on a year-over-year basis and also outpaced the consensus estimate of $765.9 million. Behind the Headlines Alexandria's total leasing activity aggregated 1.1 million rentable square feet (RSF) of space in the first quarter, reflecting healthy demand for its high-quality office/laboratory space. Of this, lease renewals and re-leasing of space amounted to 994,770 RSF, while leasing of development and redevelopment space totaled 100,232 RSF. The company registered rental rate growth of 33% during the quarter. On a cash basis, the rental rate increased 19%. On a year-over-year basis, same-property net operatin
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News
- Alexandria Real Estate Equities, Inc. (NYSE: ARE) had its price target lowered by analysts at Evercore ISI from $137.00 to $132.00. They now have an "outperform" rating on the stock.MarketBeat
- Alexandria Real Estate Equities, Inc. (NYSE:ARE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Alexandria Real Estate Equities, Inc. (NYSE: ARE) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $140.00 price target on the stock.MarketBeat
- The Science Of Making Money: Why Alexandria Real Estate Is A Buy [Seeking Alpha]Seeking Alpha
- Alexandria Real Estate: Q1 2024 Proves That The Value Is Real [Seeking Alpha]Seeking Alpha
ARE
Earnings
- 4/22/24 - Beat
ARE
Sec Filings
- 5/2/24 - Form 4
- 4/22/24 - Form 8-K
- 4/22/24 - Form 10-Q
- ARE's page on the SEC website