UPDATE: Alexandria Real Estate (ARE) Misses Q4 EPS by 2c, Beats on Revenues; Offers FY18 EPS Mid-Point Outlook Above Consensus

Alexandria Real Estate (NYSE: ARE) reported Q4 EPS of $0.38, $0.02 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $298.8 million versus the consensus estimate of $226.12 million.

Strong internal growth

Total revenues:

• $298.8 million, up 19.9%, for 4Q17, compared to $249.2 million for 4Q16
• $1.1 billion, up 22.4%, for 2017, compared to $921.7 million for 2016
  • Continued substantial leasing activity and strong rental rate growth, in light of minimal contractual lease expirations for 4Q17 and 2017 and a highly leased value-creation pipeline:

GUIDANCE:

Alexandria Real Estate sees FY2018 EPS of $2.04-$2.24, versus the consensus of $2.11.

For earnings history and earnings-related data on Alexandria Real Estate (ARE) click here.

You May Also Be Interested In

• Primoris cuts 2026 outlook on renewables cost overruns, COO exits
• Morgan Stanley sees little room left in steel rally, cuts Cleveland-Cliffs rating
• Ridgepost Capital acquires Stellus Capital Management for $4B AUM