Alexandria Real Estate Equities, Inc. (NYSE:ARE) a real estate investment trust, is expected to report third quarter earnings results, after market close, on Monday 26th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.57 per share.
Looking ahead, the full year income are expected at $ 2.91 per share on the revenues of $ 1372.16 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 7.26 ~ $ 7.34 per share
Click Here For More Historical Outlooks Of Alexandria Real Estate Equities, Inc.
Previous Quarter Performance
Alexandria Real Estate Equities, Inc. came out with income for the second quarter of $ 1.81 per share, from the revenue of $ 436.96 million. The quarterly earnings developed 166.18 percent compared with the same quarter last year. According to street consensus, ARE was expected to report 2Q20 income of $ 0.53 per share from revenue of $ 339.45 million. The bottom line results beat street analysts by $ 1.28 or 241.51 percent, at the same time, top line results outshined analysts by $ 97.51 million or 28.73 percent.
Stock Performance
On Friday, shares of Alexandria Real Estate Equities, Inc. has traded high as $ 161.39 and has cracked $ 159.80 on the downward trend, reaching $ 160.54 with volume of 387.20 thousand shares.
According to the previous trading day, closing price of $ 160.54, representing a 46.64 % increase from the 52 week low of $ 109.22 and a 9.87 % decrease over the 52 week high of $ 177.70.
The company has a market capital of $ 20.25 billion and is part of the Financial sector and REIT – Office industry.
Recent Analyst recommendations
- On 16th October 2020, initiated by UBS Group at Neutral rating, with $ 166.00 target price.
- On 2nd October 2020, initiated by Berenberg Bank at Buy rating, with $ 190.00 target price.
- On 2nd September 2020, maintained by RBC Capital at Outperform rating, with $ 184.00 target price.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500®urban office real estate investment trust (“REIT”), is the first and longest-tenured owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $24.3 billion as of September 30, 2019, and an asset base in North America of 38.5 million square feet (“SF”) as of October 28, 2019, including pending acquisitions. The asset base in North America includes 26.1 million RSF of operating properties and 2.5 million RSF of Class A properties undergoing construction or pre-construction, with projected initial occupancy in 4Q19-2020, 4.9 million RSF of intermediate-term Class A properties undergoing or nearing pre-construction, and 5.0 million SF of future development projects.
