Valued at a market cap of $17.3 billion, Alexandria Real Estate Equities, Inc. (ARE) is an urban office real estate investment trust (REIT) with a particular focus on collaborative life science, agtech, and technology campuses. The Pasadena, California-based company also provides strategic capital to transformative life science companies through its venture capital platform. It is expected to announce its fiscal Q4 earnings results after the market closes on Monday, Jan. 27.
Ahead of this event, analysts project the REIT to report an FFO of $2.39 per share, up 4.8% from $2.28 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in two of the last four quarters while missing on two other occasions. Its AFFO of $2.37 per share in the previous quarter slightly lagged behind the consensus estimates.
