Alexandria Real Estate Q3 AFFO Per Share $2.26 Up From $2.13 YoY, Sales $713.79M Miss $721.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alexandria Real Estate (NYSE:ARE) reported Q3 AFFO per share of $2.26, up 6.1% YoY, but missed sales estimates by 1.13%, reporting $713.79M against the expected $721.98M. This is an 8.17% increase in sales compared to the same period last year.
October 23, 2023 | 8:11 pm
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NEUTRAL IMPACT
Alexandria Real Estate's Q3 results show a YoY increase in AFFO per share but a miss on sales estimates. This mixed result may lead to uncertain market reactions.
While the increase in AFFO per share is a positive sign, the miss on sales estimates could be a concern for investors. The overall impact on the stock price is uncertain as the market weighs these factors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100