Alexandria Real Estate Equities Inc reports results for the quarter ended June 30 - Earnings Summary

• Alexandria Real Estate Equities Inc ARE.N reported a quarterly adjusted loss of 64 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of four analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 50 cents to 75 cents per share.

• Revenue fell 2.4% to $737.28 million from a year ago; analysts expected $751.11 million.

• Alexandria Real Estate Equities Inc's reported EPS for the quarter was a loss of 64 cents​.

• The company reported a quarterly loss of $109.61 million.

• Alexandria Real Estate Equities Inc shares had risen by 7.6% this quarter and lost 19.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for Alexandria Real Estate Equities Inc is $91.00, about 14.1% above its last closing price of $78.17

This summary was machine generated from LSEG data July 21 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)