PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — Alexandria Real Estate Equities Inc. (ARE) on Monday reported a key measure of profitability in its second quarter. The results beat Wall Street expectations.
The real estate investment trust, based in Pasadena, California, said it had funds from operations of $405.5 million, or $2.36 per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $2.34 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $42.9 million, or 25 cents per share.
The life science real estate company posted revenue of $766.7 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $776.3 million.
Alexandria Real Estate Equities expects full-year funds from operations in the range of $9.41 to $9.53 per share.
The company’s shares have decreased roughly 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $125.59, a climb of almost 4% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARE at https://www.zacks.com/ap/ARE
Спортивные игры в СЛД "Москва-Сортировочная" филиала "Московский"
Москва слезам не верит: в ТПП РФ подержали инициативу по защите прав предпринимателей
Певец Дмитрий Камский готовит к релизу новый сингл "Песня Земли"
Филиал № 4 ОСФР по Москве и Московской области информирует:
С начала 2024 года 140 тысяч женщин и новорожденных Московского региона получили услуги по родовым сертификатам
Exclusive - Sayantani Ghosh expresses happiness as sets of her show Dahej Daasi shifted close to her home; says 'I've been manifesting this for quite some time now'
Suspect arrested for ‘threatening to kill Trump and his VP pick JD Vance’ in Florida days after assassination attempt
Faculty of International Journalism and Mass Communications Eurasian International University is conducting an additional intake of applicants!
Интервью AppTime с компанией Innova: релиз Gran Saga в России, внутриигровая оплата и «Масленица» в корейской MMO
Today's Wordle answer for Saturday, July 20
According to BioWare, Dragon Age: The Veilguard is the first entry in the series where "the combat's actually fun" and where characters are "intentionally" the focus of the storytelling, which seems pretty unfair on the first three games
D&D's new 2024 Player's Handbook will have 10 species to choose from including goliaths, and drow will be closer to their Baldur's Gate 3 version
Отрытый конкурс красоты и таланта «Одна на миллион»
Вечерний авиарейс из Ульяновска в Москву задержали более чем на шесть часов
Филиал № 4 ОСФР по Москве и Московской области информирует:
С начала 2024 года 140 тысяч женщин и новорожденных Московского региона получили услуги по родовым сертификатам
Правдивый рассказ про отдых в Дагестане: цены и удобства, страхи и ошибки
Представители «Метровагонмаш-Сервиса» посетили СЛД «Москва-Сортировочная» филиала «Московский» компании «ЛокоТех-Сервис» для обмена опытом
Несколько авиарейсов в Томск задерживаются из-за тумана
Филиал № 4 ОСФР по Москве и Московской области информирует:
С начала 2024 года 140 тысяч женщин и новорожденных Московского региона получили услуги по родовым сертификатам
Спортивные игры в СЛД "Москва-Сортировочная" филиала "Московский"