Alexandria Real Estate Q2 FFO $2.36 Beats $2.34 Estimate, Sales $766.70M Miss $776.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alexandria Real Estate (NYSE:ARE) reported Q2 earnings per share of $2.36, beating the analyst estimate of $2.34. However, sales of $766.70 million missed the $776.26 million estimate. Earnings increased by 5.36% year-over-year, while sales grew by 7.40%.
July 22, 2024 | 8:14 pm
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Alexandria Real Estate reported Q2 earnings of $2.36 per share, beating estimates, but sales of $766.70 million missed expectations. Earnings increased by 5.36% year-over-year, while sales grew by 7.40%.
The earnings beat is a positive sign, but the sales miss could temper investor enthusiasm. The year-over-year growth in both earnings and sales is a positive indicator, but the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100