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Alexandria Real Estate Equities reports Q4 earnings miss, revenue beat

Published 27/01/2025, 22:36
Alexandria Real Estate Equities reports Q4 earnings miss, revenue beat
ARE
-1.03%

NEW YORK - Alexandria Real Estate Equities Inc. (NYSE:ARE) reported fourth quarter earnings that missed analyst expectations, while revenue came in above estimates.

The real estate investment trust posted a net loss of $64.9 million, or $0.38 per share, for the fourth quarter. This compares to a net loss of $91.9 million, or $0.54 per share, in the same quarter last year. Analysts were expecting earnings of $0.92 per share.

Revenue for the quarter rose 4.2% year-over-year to $788.9 million, surpassing the consensus estimate of $778.7 million.

Funds from operations (FFO), a key metric for REITs, came in at $2.39 per share, up from $2.28 per share in Q4 2023.

For the full year 2024, Alexandria reported net income of $309.6 million, or $1.80 per share, on revenue of $3.12 billion.

The company also announced a fourth quarter dividend of $1.32 per share, bringing the total 2024 dividend to $5.19 per share, up 5% from 2023.

Looking ahead, Alexandria provided 2025 FFO guidance of $9.23 to $9.43 per share.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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