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What Analyst Projections for Key Metrics Reveal About Alexandria Real Estate Equities (ARE) Q3 Earnings
AREAlexandria Real Estate(ARE) ZACKS·2024-10-16 14:21

Core Insights - Alexandria Real Estate Equities (ARE) is expected to report quarterly earnings of 2.38pershare,reflectinga5.32.38 per share, reflecting a 5.3% increase year over year [1] - Analysts forecast revenues of 775.93 million, indicating an 8.7% year-over-year growth [1] - The consensus EPS estimate has been revised 0.1% higher in the last 30 days, showing analysts' reevaluation of their initial estimates [1] Revenue Projections - 'Revenues- Other income' is projected to reach 11.32million,representingan80.911.32 million, representing an 80.9% year-over-year increase [2] - 'Revenues- Rental' is expected to be 769.02 million, also reflecting an 8.7% year-over-year growth [2] Depreciation and Amortization - The consensus estimate for 'Depreciation and amortization' is 290.06million,comparedto290.06 million, compared to 269.37 million from the previous year [2] Stock Performance - Shares of Alexandria Real Estate Equities have shown a return of -2.3% over the past month, while the Zacks S&P 500 composite has increased by 3.5% [3] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the overall market in the near future [3]