Alexandria Real Estate Equities (ARE) Surpasses Q1 FFO and Revenue Estimates

Alexandria Real Estate Equities (ARE) came out with quarterly funds from operations (FFO) of $2.30 per share, beating the Zacks Consensus Estimate of $2.28 per share. This compares to FFO of $2.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.88%. A quarter ago, it was expected that this life science real estate company would post FFO of $2.39 per share when it actually produced FFO of $2.39, delivering no surprise.Over the las ...