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Here's What Key Metrics Tell Us About Alexandria Real Estate Equities (ARE) Q1 Earnings

Zacks Equity Research
·2-min read

For the quarter ended March 2024, Alexandria Real Estate Equities (ARE) reported revenue of $769.11 million, up 9.8% over the same period last year. EPS came in at $2.35, compared to $0.44 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $765.88 million, representing a surprise of +0.42%. The company delivered an EPS surprise of +1.73%, with the consensus EPS estimate being $2.31.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Here is how Alexandria Real Estate Equities performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenues- Rental: $755.55 million versus $757.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.8% change.

  • Revenues- Other income: $13.56 million versus $9.52 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.5% change.

  • Net Earnings Per Share (Diluted): $0.97 versus the four-analyst average estimate of $0.93.

View all Key Company Metrics for Alexandria Real Estate Equities here>>>

Shares of Alexandria Real Estate Equities have returned -7.8% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Alexandria Real Estate Equities, Inc. (ARE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research