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

• Alexandria Real Estate Equities, Inc ARE.N reported a quarterly adjusted loss of $3.74​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $-1.38. The mean expectation of six analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -9 cents to 1 cents per share.

• Revenue fell 10.7% to $671.18 million from a year ago; analysts expected $650.73 million.

• Alexandria Real Estate Equities, Inc's reported EPS for the quarter was a loss of $3.74​.

• The company reported a quarterly loss of $638.45 million.

• Alexandria Real Estate Equities, Inc shares had fallen by 9.4% this quarter and lost 12.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% 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 "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 10 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is "buy."

• Wall Street's median 12-month price target for Alexandria Real Estate Equities, Inc is $53.00, about 18.1% above its last closing price of $43.40

This summary was machine generated from LSEG data October 26 at 09:00 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)