Alexandria Real Estate Equities Q4 FFO Up - Quick Facts

(RTTNews) - Alexandria Real Estate Equities, Inc. (ARE) Monday said fourth-quarter funds from operations, or FFO, increased to $82.5 million or $1.16 per share from $72.9 million or $1.16 per share in the same period last year.

On average, 10 analysts polled by Thomson Reuters expected the company to report FFO of $1.15 per share for the quarter. Analysts' estimates typically exclude special items.

Net income for the quarter increased to $36.2 million or $0.51 per share from $21.0 million or $0.33 per share last year.

Revenues increased 11.6 percent to $168.8 million from $151.3 million last year. Analysts expected revenues of $169.12 million.

Looking ahead, the company currently projects full-year FFO in a range of $4.60 to $4.80 per share. Analysts currently expect full-year FFO of $4.36 per share.