Alexandria (ARE) Q2 AFFO Beats Estimates, Revenues Miss

Alexandria Real Estate Equities, Inc. (ARE) reported second-quarter 2024 adjusted funds from operations (AFFO) per share of $2.36, which beat the Zacks Consensus Estimate of $2.34. The reported figure also climbed 5.4% from the year-ago quarter.Results reflected a rise in revenues, aided by decent leasing activity and rental rate growth.Alexandria maintained its 2024 AFFO per share outlook.Total revenues of $ 766.7 million increased 7.4% on a year-over-year basis. However, revenues missed the consensus esti ...