Pasadena-based Alexandria Real Estate Equities, Inc. (ARE) is an urban office REIT that engages in the ownership, operation, and development of life science and technology properties. With a market cap of $20.8 billion, Alexandria provides lease spaces to the life science and technology industries, which are primarily located in AAA urban innovation cluster locations. The real estate giant is expected to announce its Q3 after the market closes on Monday, Oct. 21.
Ahead of the event, analysts expect Alexandria to report funds from operations (FFO) of $2.37 per share, up 4.9% from $2.26 per share reported in the year-ago quarter. It has surpassed the FFO per share estimates in three of the past four quarters while missing on another occasion. Its FFO per share for the last reported quarter grew by 5.4% year-over-year to $2.36 while marginally exceeding Wall Street's expectations.
