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Alexandria Real Estate Equities' FFO Per Share Up 6.5% to $8.97, $1.4B Capital Generated

ARE10-KFiling Date: 1/29/2024
Alexandria Real Estate Equities, Inc.
Description

What this story covers

Alexandria Real Estate Equities (ARE) reported 2023 FFO per share up 6 point 5 percent to 8 dollars 97 cents, with revenues increasing 11 point 5 percent to 2 point 9 billion dollars. The REIT generated 1 point 4 billion dollars from dispositions, reinvesting in a robust 31 point 5 million square feet development pipeline. Occupancy remained strong at 94 point 6 percent, with 94 percent triple-net leases and 29 point 4 percent rental rate increases.

Story snapshot

CompanyAlexandria Real Estate Equities, Inc.
TickerARE
VariantStandard detailed
Duration24:33
Filing type10-K
PeriodAnnual 2023
IndustryReal Estate & Construction
Accession0001035443-24-000072

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