Alexandria Real Estate(ARE)
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Alexandria Real Estate(ARE) - 2024 Q3 - Earnings Call Transcript
2024-10-22 22:20
Alexandria Real Estate Equities, Inc. (NYSE:ARE) Q3 2024 Results Conference Call October 22, 2024 3:00 PM ET Company Participants Paula Schwartz - Investor Relations Joel Marcus - Executive Chairman and Founder Hallie Kuhn - Senior Vice President, Science and Technology and Capital Markets Peter Moglia - Chief Executive Officer & Co-Chief Investment Officer Marc Binda - Chief Financial Officer and Treasurer Conference Call Participants Joshua Dennerlein - BofA Merrill Lynch Rich Anderson - Wedbush Nick Jose ...
Alexandria Q3 AFFO Misses Estimates, Revenues Increase Y/Y
ZACKS· 2024-10-22 16:51
Alexandria Real Estate Equities, Inc. (ARE) reported third-quarter 2024 adjusted funds from operations (AFFO) per share of $2.37, missing the Zacks Consensus Estimate by a penny. However, the reported figure outpaced the year-ago quarter’s AFFO per share of $2.26 by 4.9%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflected a rise in revenues, aided by decent leasing activity and rental rate growth. Alexandria narrowed its 2024 outlook.Total revenues of $791.6 million in ...
Compared to Estimates, Alexandria Real Estate Equities (ARE) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-21 23:01
For the quarter ended September 2024, Alexandria Real Estate Equities (ARE) reported revenue of $791.61 million, up 10.9% over the same period last year. EPS came in at $2.37, compared to $0.13 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $775.93 million, representing a surprise of +2.02%. The company delivered an EPS surprise of -0.42%, with the consensus EPS estimate being $2.38.While investors closely watch year-over-year changes in headline numbers -- revenue ...
Alexandria Real Estate Equities (ARE) Q3 FFO Miss Estimates
ZACKS· 2024-10-21 22:26
Alexandria Real Estate Equities (ARE) came out with quarterly funds from operations (FFO) of $2.37 per share, missing the Zacks Consensus Estimate of $2.38 per share. This compares to FFO of $2.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -0.42%. A quarter ago, it was expected that this life science real estate company would post FFO of $2.34 per share when it actually produced FFO of $2.36, delivering a surprise of 0.85%. O ...
Alexandria Real Estate(ARE) - 2024 Q3 - Quarterly Results
2024-10-21 20:08
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Alexandria Real Estate(ARE) - 2024 Q3 - Quarterly Report
2024-10-21 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 1-12993 ALEXANDRIA REAL ESTATE EQUITIES, INC. (Exact name of registrant as specified in its charter) M ...
Alexandria to Post Q3 Earnings: What's in the Cards for the Stock?
ZACKS· 2024-10-17 15:35
Alexandria Real Estate Equities Inc. (ARE) is scheduled to release third-quarter 2024 results on Oct. 21 after the closing bell. Its quarterly results are likely to reflect growth in revenues and funds from operations (FFO) per share. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. 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 lo ...
What Analyst Projections for Key Metrics Reveal About Alexandria Real Estate Equities (ARE) Q3 Earnings
ZACKS· 2024-10-16 14:21
The upcoming report from Alexandria Real Estate Equities (ARE) is expected to reveal quarterly earnings of $2.38 per share, indicating an increase of 5.3% compared to the year-ago period. Analysts forecast revenues of $775.93 million, representing an increase of 8.7% year over year.The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during th ...
Alexandria Real Estate: Recent Strategy Should Drive Its Stock Price Higher
Seeking Alpha· 2024-10-16 09:33
With the stock price currently at half of its peak reached at the end of 2021, Alexandria Real Estate (NYSE: ARE ) stock remains disconnected from the company's growing fundamentals, making it undervalued. The recent strategy focusingMy name is Claudiu, and I'm originally from Romania, now based in London. Since 2017, I have been deeply engaged in the stock market, focusing on long-term value investing. I hold a degree in Business and Management from London Metropolitan University. My primary investment str ...
2 Magnificent S&P 500 Dividend Stocks Flat and Down 10% to Buy and Hold Forever
The Motley Fool· 2024-10-11 21:00
These two stocks offer strong long-term investment potential.It's been quite a year for the S&P 500. The index has gained 21% since January.While the strong gain gets a lot of attention, not every stock has performed well. PepsiCo (PEP 1.05%) has been flat and Alexandria Real Estate Equities' (ARE 2.17%) shares have dropped 10%. While that may give some investors pause, the declines give long-term investors, particularly dividend-seeking ones, a buying opportunity.These three have strong businesses, and inv ...