Alexandria Real Estate Q4 Adjusted FFO Per Share $2.28 Misses $2.29 Estimate, Sales $757.22M Beat $719.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alexandria Real Estate Equities, Inc. (NYSE:ARE) reported a Q4 Adjusted FFO per share of $2.28, slightly missing the consensus estimate of $2.29 by 0.44%. However, the company's quarterly sales of $757.22M exceeded the estimate of $719.91M by 5.18%, marking a 12.97% increase from the same period last year.
January 29, 2024 | 9:13 pm
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NEUTRAL IMPACT
Alexandria Real Estate Equities, Inc. reported a slight miss on Adjusted FFO per share but exceeded sales estimates for Q4, indicating mixed financial performance.
The slight miss in Adjusted FFO per share may be viewed negatively by investors, but the better-than-expected sales figures and year-over-year growth could offset this sentiment. The mixed results lead to a neutral short-term impact score, as the market may need time to digest both aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100