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Solskin/DigitalVision by way of Getty Photographs
Alexandria Actual Property Equities (NYSE:ARE) posted on Monday Q3 adjusted FFO that exceeded Wall Road consensus and elevated from the prior quarter and the year-ago quarter as leasing exercise was robust and rents rose.
Q3 adjusted FFO per share of $2.13, topping the $2.11 consensus estimate, rose fell from $2.10 in Q2 and from $1.95 in Q3 2021.
It now expects 2022 adjusted FFO per share of $8.40-$8.42, in contrast with the earlier vary of $8.38-$8.44, and retaining the midpoint at $8.41, matching the consensus.
Occupancy of working properties in North America was 94.3% vs. 94.6% within the prior quarter.
Rental charge improve of 27.1% in Q3 vs. 45.4% in Q2.
Similar-property internet working earnings rose 5.1% Y/Y vs. 7.5% in Q2. On a money foundation, same-property NOI rose 10.6% Y/Y vs. 10.2% within the prior quarter.
In the course of the quarter, Alexandria Actual Property (ARE) accomplished 1.66M rentable sq. toes of leasing exercise, 87% of which was generated from its roster of greater than 1,000 tenants.
Convention name on Oct. 25 at 3:00 PM ET.
Earlier, Alexandria Actual Property Equities (ARE) FFO of $2.13 beats by $0.02, income of $659.85M beats by $2.37M
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