Valued at $13.3 billion by market cap, Pasadena California-based Alexandria Real Estate Equities, Inc. (ARE) operates as an urban office REIT firm. It owns, operates and develops office properties with a primary focus on serving the life science and technology industry.
The real estate major is set to announce its first-quarter results after the markets close on Monday, Apr. 28. Ahead of the event, analysts expect Alexandria to report funds from operations (FFO) of $2.28 per share, down nearly 3% from $2.35 per share reported in the year-ago quarter. While the company has missed Street’s FFO estimates once over the past four quarters, it has met or surpassed the projections on three other occasions.
