Alexandria Real Estate (ARE) Reports Q4 FFO of $1.42
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Alexandria Real Estate Equities, Inc. Reports Fourth Quarter and Year Ended December 31, 2016 Financial and Operating Results
January 30, 2017 4:10 PM ESTPASADENA, Calif., Jan. 30, 2017 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the fourth quarter and year ended December 31, 2016.
Key highlights:
Solid internal growth
Total revenues of $249.2 million, up 11.3%, for 4Q16, compared to $224.0 million for 4Q15 and total revenues of $921.7 million, up 9.3%, for 2016, compared to $843.5 million for 2015; Solid leasing activity in light of minimal contractual lease expirations at the beginning of 2016 and a highly leased value-creation... More