Alexandria (ARE) To Post Q1 Earnings: Is A Beat In Store?
Zacks Investment Research | Apr 24, 2019 07:31AM ET
Alexandria Real Estate Equities (NYSE:ARE) is scheduled to report first-quarter results on Apr 30, after the market closes. The company’s results will likely reflect year-over-year growth in its funds from operations (FFO) per share and revenues.
In the last reported quarter, this Pasadena, CA-based urban office real estate investment trust (REIT), which primarily focuses on collaborative life-science and technology campuses, had posted first-quarter 2018 adjusted FFO of $1.68 per share, missing the Zacks Consensus Estimate by a whisker. Nonetheless, decent internal and external growth during the quarter enabled it to witnessed rental rate growth of 17.4%.
Over the trailing four quarters, the company surpassed the Zacks Consensus Estimate in one occasion, missed in another two and met in the other. It delivered average positive surprise of 0.18% during this period. The graph below depicts this surprise history:
Alexandria Real Estate Equities, Inc. Price and EPS Surprise
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