Alexandria Real Estate Equities Raises FY24 EPS Outlook From $2.98-$3.10 To $3.60-$3.72 Vs $3.38 Est.
Portfolio Pulse from Benzinga Newsdesk
Alexandria Real Estate Equities (ARE) has raised its FY24 EPS outlook from $2.98-$3.10 to $3.60-$3.72, surpassing the $3.38 estimate. The company also updated its funds from operations (FFO) per share guidance and key credit metrics, indicating strong financial health and strategic capital management.
July 22, 2024 | 8:16 pm
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Alexandria Real Estate Equities (ARE) has raised its FY24 EPS outlook from $2.98-$3.10 to $3.60-$3.72, surpassing the $3.38 estimate. The company also updated its funds from operations (FFO) per share guidance and key credit metrics, indicating strong financial health and strategic capital management.
The raised EPS outlook and updated FFO per share guidance indicate improved financial performance and strategic capital management. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100