Published on 17 Oct 2023 on Zacks via Yahoo Finance
Alexandria (ARE) to Post Q3 Earnings: What's in the Cards?
Alexandria Real Estate Equities Inc. ARE is scheduled to release third-quarter 2023 results on Oct 23 after the closing bell. Its quarterly results are likely to reflect growth in revenues and funds from operations (FFO) per share.
In the last reported quarter, this Pasadena, CA-based life science real estate investment trust (REIT), focusing on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, delivered a surprise of 1.82% in terms of adjusted FFO per share. ARE’s performance in the quarter was mainly driven by decent leasing activity and rental rate growth.
Alexandria has a decent surprise history. Over the preceding four quarters, its adjusted FFO per share surpassed the Zacks Consensus Estimate on each occasion, the average beat being 1.16%. This is depicted in the graph below: