Alexandria Real Estate Equities, Inc. (ARE) announced earnings for its third quarter that increased from the same period last year.
The company's bottom line came in at $101.26 million, or $0.67 per share. This compares with $79.33 million, or $0.63 per share, in last year's third quarter.
Excluding items, Alexandria Real Estate Equities, Inc. reported adjusted earnings of $296.03 million or $1.95 per share for the period.
Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.5% to $547.76 million from $545.04 million last year.
Alexandria Real Estate Equities, Inc. earnings at a glance:
-Earnings (Q3): $296.03 Mln. vs. $230.74 Mln. last year.
-EPS (Q3): $1.95 vs. $1.83 last year.
-Analysts Estimate: $0.62
-Revenue (Q3): $547.76 Mln vs. $545.04 Mln last year.
-Guidance:
Full year EPS guidance: $7.74 to $7.76
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