What's In The Cards For Alexandria (ARE) This Earnings Season?
Zacks Investment Research | Jul 22, 2019 09:21PM ET
Alexandria Real Estate Equities Inc. (NYSE:ARE) is scheduled to report second-quarter results on Jul 29, 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 quarterly FFO as adjusted of $1.71 per share, beating the Zacks Consensus Estimate of $1.68. Results reflected decent internal and external growth.
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 came up with an average positive surprise of 0.15% during this period. The graph below depicts this surprise history:
Alexandria Real Estate Equities, Inc. Price and EPS Surprise
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