Alexandria Real Estate Equities, Inc. Reports: 1Q20 Revenues of $439.9 million, Up 22.6% Over 1Q19; 1Q20 Net Income per Share - Diluted of $0.14; 1Q20 FFO per Share - Diluted, As Adjusted, of $1.82; a

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Go back to Alexandria Real Estate Equities, Inc. Reports: 1Q20 Revenues of $439.9 million, Up 22.6% Over 1Q19; 1Q20 Net Income per Share - Diluted of $0.14; 1Q20 FFO per Share - Diluted, As Adjusted, of $1.82; a

Alexandria Real Estate (ARE) Misses Q1 EPS by 52c, Revenues Beat; Lowers FY20 EPS Outlook

April 27, 2020 4:15 PM EDT

Alexandria Real Estate (NYSE: ARE) reported Q1 EPS of $0.14, $0.52 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $439.92 million versus the consensus estimate of $319.21 million.

Net operating income and internal growth

Net operating income (cash basis) of $1.1 billion for 1Q20 annualized, up $204.1 million, or 22.9%, compared to 1Q19 annualized.95% of our leases contain contractual annual rent escalations approximating 3%.2.4% and 6.1% (cash basis) same property net operating income growth for 1Q20 over 1Q19.Minimal 2020 contractual lease expirations aggregating 4.0% of annual rental... More