Alexandria Real Estate Equities, Inc. (NYSE:ARE) a real estate investment trust, is expected to report second quarter earnings results, after market close, on Monday 27th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.53 per share from revenue of $ 339.45 million.
Looking ahead, the full year income are expected at $ 1.89 per share on the revenues of $ 1476.56 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 7.25 ~ $ 7.35 per share
Click Here For More Historical Outlooks Of Alexandria Real Estate Equities, Inc.
Previous Quarter Performance
Alexandria Real Estate Equities, Inc. revealed income for the first quarter of $ 1.82 per share, from the revenue of $ 439.92 million. The quarterly earnings raised 63.96 percent while revenues expanded 62.67 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.66 per share from $ 319.21 million in revenue. The bottom line results beat street analysts by $ 1.16 or 175.76 percent, at the same time, top line results outshined analysts by $ 120.71 million or 37.82 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ARE was $ 168.55, representing a 54.32 % increase from the 52 week low of $ 109.22 and a 4.09 % decrease over the 52 week high of $ 175.74.
The company has a market capital of $ 21.26 billion and is part of the Financial sector and REIT – Office industry.
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Recent Analyst recommendations
- On 10th June 2020, maintained by RBC Capital at Outperform rating, with $ 175.00 target price.
Recent Stock Dividend Announcement
On June 1, 2020, the board of directors authorized quarterly dividend of $ 1.06 per share to holders of record as of the close of business on June 30, 2020, with payment date of July 15, 2020 and ex-dividend date on June 29, 2020.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500®urban office real estate investment trust (“REIT”), is the first and longest-tenured owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $24.3 billion as of September 30, 2019, and an asset base in North America of 38.5 million square feet (“SF”) as of October 28, 2019, including pending acquisitions. The asset base in North America includes 26.1 million RSF of operating properties and 2.5 million RSF of Class A properties undergoing construction or pre-construction, with projected initial occupancy in 4Q19-2020, 4.9 million RSF of intermediate-term Class A properties undergoing or nearing pre-construction, and 5.0 million SF of future development projects.
