Alexandria Real Estate Q3 2024 FFO $2.37, Inline, Sales $791.600M Beat $765.520M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alexandria Real Estate reported Q3 2024 earnings per share of $2.37, meeting analyst expectations. The company's sales were $791.6 million, surpassing the $765.52 million estimate and marking a 10.9% increase from the previous year.
October 21, 2024 | 8:11 pm
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Alexandria Real Estate's Q3 2024 earnings per share met expectations at $2.37, while sales exceeded estimates at $791.6 million, a 10.9% increase from last year.
The company's earnings per share met expectations, which is neutral, but the sales beat and significant year-over-year growth are positive indicators. This suggests a likely positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100