Alexandria Real Estate Q1 FFO Up - Quick Facts

(RTTNews) - Alexandria Real Estate Equities, Inc. (ARE) Monday said first-quarter funds from operations, or FFO, increased to $83.1 million or $1.17 per share from $70.0 million or $1.11 per share in the same period last year.

On average, 11 analysts polled by Thomson Reuters expected the company to report FFO of $1.15 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to the company increased to $32.7 million or $0.46 per share from $22.4 million or $0.36 per share last year.

Revenues totaled $176.2 million, up 17.4 percent from $150.1 million last year. Analysts expected revenues of $172.51 million.

Looking ahead to the fiscal 2014, the company has forecast FFO in the range of $4.70 to $4.80 per share. Analysts currently expect full-year FFO of $4.73 per share.