Alexandria Real Estate Equities posts Q2 FFO of $1.73 per share, raises full-year outlook to $6.35–$6.45
Alexandria Real Estate Equities reported Q2 FFO of $1.73 versus $1.65 expected and revenue of $662.8M versus $649M, while raising full-year FFO guidance to $6.35–$6.45. The beat and higher outlook indicate resilient demand in life-science real estate and support REIT sector fundamentals. Market impact should be largely idiosyncratic, focused on ARE and related real estate risk sentiment.
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Alexandria Real Estate Equities reported second-quarter funds from operations (FFO) of $1.73 per share, above analysts’ average estimate of $1.65. Revenue came in at $662.8 million, also topping the $649 million forecast. The REIT raised its full-year FFO guidance to a range of $6.35 to $6.45 per share.