Alexandria Real Estate Equities, Inc. Q1 adjusted earnings Beat Estimates
WASHINGTON (dpa-AFX) - Alexandria Real Estate Equities, Inc. (ARE) revealed a profit for first quarter that fell from last year.
The company s profit came in at $6.11 million, or $0.04 per share. This compares with $16.84 million, or $0.14 per share, in last year s first quarter.
Excluding items, Alexandria Real Estate Equities, Inc. reported adjusted earnings of $262.99 million or $1.91 per share for the period.
Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter rose 9.1% to $479.85 million from $439.92 million last year.
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