Alexandria Real Estate Equities Reports Q1 Loss

(RTTNews) - Alexandria Real Estate Equities, Inc. (ARE) Monday reported first-quarter net loss of $11.6 million or $0.07 per share, compared to net income of $166.9 million or $0.97 per share last year.

Funds from operations was $392.0 million or $2.30 per share, compared to $403.9 million or $2.35 per share last year.

Revenues for the quarter were $758.2 million, compared to $769.1 million last year.

Looking forward to full year, the company now expects earnings per share of $1.36 to $1.56 and FFO per share of $9.16 to $9.36. Previously, the company expected earnings per share of $2.57 to $2.77 and FFO per share of $9.23 to $9.43.