Alexandria Real Estate Equities Swings To Q1 Profit, FFO Rises
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Alexandria Real Estate Equities, Inc. (ARE) reported a Q1 net income of $358.9 million ($2.10 per share), a turnaround from a net loss of $11.6 million last year. Funds from operations rose to $636.9 million ($3.73 per share) from $281.6 million ($1.65 per share) last year. Adjusted funds from operations were $295.9 million ($1.73 per share), down from $392.0 million ($2.30 per share) last year. Total revenues decreased to $671.0 million from $758.2 million. For 2026, ARE expects funds from operations of $6.30 to $6.50 per share, slightly adjusted from the previous estimate.
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