U.S. markets open in 8 hours 52 minutes
  • S&P Futures

    3,836.75
    +27.50 (+0.72%)
     
  • Dow Futures

    31,099.00
    +187.00 (+0.60%)
     
  • Nasdaq Futures

    13,055.50
    +144.50 (+1.12%)
     
  • Russell 2000 Futures

    2,230.70
    +31.50 (+1.43%)
     
  • Crude Oil

    62.52
    +1.02 (+1.66%)
     
  • Gold

    1,748.30
    +19.50 (+1.13%)
     
  • Silver

    26.97
    +0.53 (+2.00%)
     
  • EUR/USD

    1.2085
    -0.0003 (-0.02%)
     
  • 10-Yr Bond

    1.4600
    -1.5180 (-100.00%)
     
  • Vix

    27.95
    -28.89 (-100.00%)
     
  • GBP/USD

    1.3979
    +0.0056 (+0.41%)
     
  • USD/JPY

    106.5400
    +0.0380 (+0.04%)
     
  • BTC-USD

    46,281.07
    +1,324.34 (+2.95%)
     
  • CMC Crypto 200

    925.56
    -7.57 (-0.81%)
     
  • FTSE 100

    6,483.43
    -168.53 (-2.53%)
     
  • Nikkei 225

    29,588.50
    +622.49 (+2.15%)
     

Alexandria Real Estate Equities: 4Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

PASADENA, Calif. (AP) _ Alexandria Real Estate Equities Inc. (ARE) on Monday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.

The real estate investment trust, based in Pasadena, California, said it had funds from operations of $246.6 million, or $1.84 per share, in the period.

The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of $1.84 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $435.9 million, or $3.26 per share.

The life science real estate company posted revenue of $463.7 million in the period.

For the year, the company reported funds from operations of $923.8 million, or $7.30 per share. Revenue was reported as $1.89 billion.

The company's shares have declined almost 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $169.56, an increase of 3% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARE at https://www.zacks.com/ap/ARE