Alexandria Real Estate Equities reported adjusted FFO of $1.73 per share for Q2, exceeding expectations amid a decline from last year.
Alexandria Real Estate Equities (ARE) saw its shares climb 0.75% to $53.45 in post-market trading after reporting second-quarter earnings that surpassed cautious estimates. Adjusted funds from operations (FFO) per share fell to $1.73 from $2.33 in the same period last year but outperformed market concerns.
The company’s Q3 guidance reflected optimism, contrasting with broader sector challenges. Prior-year FFO stood at $2.33, while consensus estimates had anticipated a steeper decline for the quarter.
Investors responded positively to the results, driving modest gains in after-hours trading.