23.10.2023 22:55:23 - dpa-AFX: Alexandria Real Estate Equities Q3 Profit Down, But FFO Rises
WASHINGTON (dpa-AFX) - Alexandria Real Estate Equities, Inc. (ARE) Monday
reported results for the third quarter, with net income dropping from last year.
Net income for the quarter was $21.9 million or $0.13 per share, compared to
$341.4 million or $2.11 per share last year.
Funds from operations was $386.4 million or $2.26 per share, compared to $344.7
million or $2.13 per share last year.
Total revenues for the quarter rose 8.2% to $713.8 million from $659.9 million
last year.
Analysts polled by Thomson Reuters expected earnings of $1.14 per share and
revenues of $721.98 million for the quarter.
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