Alexandria Real Estate Equities, Inc. (ARE) on Monday reported first-quarter net income of $358.9 million or $2.10 per share, compared to a net loss of $11.6 million or $0.07 per share last year.
Funds from operations for the quarter were $636.9 million or $3.73 per share, compared to $281.6 million or $1.65 per share last year. On an adjusted basis, funds from operations for the quarter were $295.9 million or $1.73 per share, compared to $392.0 million or $2.30 per share last year.
Total revenues for the quarter were $671.0 million from $758.2 million last year.
Looking forward to the full year 2026, the company expects funds from operations of $6.30 to $6.50 per share, compared to the prior estimate of $6.25 to $6.55 per share.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.