Alexandria Real Estate (ARE) Reports In-Line Q2 EPS
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Alexandria Real Estate Equities, Inc. Reports Second Quarter Ended June 30, 2016 Financial and Operating Results
August 1, 2016 4:10 PM EDTPASADENA, Calif., Aug. 1, 2016 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the second quarter ended June 30, 2016.
Key highlights:
Solid internal and external growth
Total revenue of $226.1 million, up 11%, for 2Q16, compared to $204.2 million for 2Q15; Executed leases for 816,512 RSF during 2Q16, even with minimal contractual lease expirations in 2016 and our highly leased value-creation pipeline; Rental rate increases of 27.1% and 9.3% (cash basis) during 2Q16 for lease renewals and re-leasing of space aggregating 647,268 RSF... More