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

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

Alexandria Real Estate Equities, Inc. Reports Third Quarter Ended September 30, 2018, Financial and Operating Results: Strong Internal and External Growth, Operational Excellence and Growing Dividends

October 29, 2018 4:10 PM EDT

PASADENA, Calif., Oct. 29, 2018 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the third quarter ended September 30, 2018.

Key highlights

Core asset sale

We expect to sell a partial joint venture interest in a Class A property located in our Cambridge submarket with proceeds of approximately $400 million or greater.

Key sale of unconsolidated real estate joint venture interest

In September 2018, we sold our remaining 27.5% ownership interest in our 360 Longwood Avenue unconsolidated real estate joint venture, located in our... More