Alexandria Real Estate (ARE) Reports In-Line Q1 EPS

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Go back to Alexandria Real Estate (ARE) Reports In-Line Q1 EPS

Alexandria Real Estate Equities, Inc. Reports First Quarter Ended March 31, 2016 Financial and Operating Results

May 2, 2016 4:10 PM EDT

PASADENA, Calif., May 2, 2016 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced financial and operating results for the first quarter ended March 31, 2016.

Joel S. Marcus, chairman, chief executive officer, and founder of Alexandria Real Estate Equities, Inc. ("Alexandria"), stated, "We are pleased to start 2016 with a very successful first quarter executed by our best-in-class team."

Key 1Q16 Highlights:

Funds from operations ("FFO") per share diluted, as adjusted, of $1.34, up 4.7%, for 1Q16, compared to $1.28 for 1Q15; In 1Q16, Verily, Alphabet Inc.'s life science... More