Alexandria Real Estate (ARE) Reports In-Line Q3 FFO, Offers Guidance

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Go back to Alexandria Real Estate (ARE) Reports In-Line Q3 FFO, Offers Guidance

Alexandria Real Estate Equities, Inc. Reports Third Quarter Ended September 30, 2015 Financial and Operating Results

November 2, 2015 4:10 PM EST

PASADENA, Calif., Nov. 2, 2015 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced financial and operating results for the third quarter ended September 30, 2015.

Joel S. Marcus, chairman, chief executive officer and founder of Alexandria Real Estate Equities, Inc., stated, "Our best-in-class team delivered another strong quarter of financial and operating results," including the following key highlights:

Executed agreement for the sales of partial interests in Class A facilities to TIAA-CREF with closings in 4Q15: 4.8% cash cap rate on sale of 49.9%... More