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via finance.yahoo.comBusiness & Companies

Alexandria Real Estate beats Q3 estimates with FFO of $1.54 per share

FROM THE WIRE · FINANCE.YAHOO.COM

PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — Alexandria Real Estate Equities Inc. (ARE) on Monday reported a key measure of profitability in its third quarter. The results exceeded Wall Street expectations. The Pasadena, California-based real estate investment trust said it…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishQuarterly results above expectations for a major life science REIT.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Funds from operations were $264.4 million, or $1.54 per share, versus a $1.52 estimate.
  2. 02The company posted a net loss of $638.5 million, or $3.74 per share.
  3. 03Revenue was $671.2 million, above the $644.2 million forecast.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alexandria Real Estate Equities, Inc.AREStock43.40 USDMarket closedtoday +0.88%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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