Alexandria Real Estate Equities, Inc. (ARE) revealed a profit for fourth quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $51.8 million, or $0.31 per share. This compares with $72.8 million, or $0.47 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 16.2% to $670.3 million from $576.9 million last year.
Alexandria Real Estate Equities, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $51.8 Mln. vs. $72.8 Mln. last year.
-EPS (Q4): $0.31 vs. $0.47 last year.
-Analyst Estimates: $0.69
-Revenue (Q4): $670.3 Mln vs. $576.9 Mln last year.
For comments and feedback contact: editorial@rttnews.com