Alexandria Real Estate Equities, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year Ending December 31, 2018
January 30, 2018 at 02:40 am IST
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Alexandria Real Estate Equities, Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total revenues of $298,791,000 compared to $249,162,000 a year ago. Net income was $45,607,000 compared to $19,792,000 a year ago. Net income attributable to the company common stockholders was $36,831,000 or $0.38 per diluted share compared to loss of $25,127,000 or $0.31 per diluted share a year ago. FFO attributable to the company's common stockholders diluted was $140,466,000 or $1.46 per basic and diluted share compared to $67,943,000 or $0.84 per basic and diluted share a year ago. Adjusted FFO attributable to the company common stockholders- diluted was $147.0 million or $1.53 per diluted share compared to $115.5 million or $1.42 per diluted share a year ago.
For the year, the company reported total revenues of $1,128,097,000 compared to $921,706,000 a year ago. Net income was $194,204,000 compared to loss of $49,799,000 a year ago. Net income attributable to the company common stockholders was $145,395,000 or $1.58 per diluted share compared to loss of $151,141,000 or $1.99 per diluted share a year ago. FFO attributable to the company's common stockholders diluted was $531,763,000 or $5.78 per diluted share compared to $249,996,000 or $3.27 per diluted share a year ago. Adjusted FFO attributable to the company common stockholders- diluted was $554.5 million or $6.02 per diluted share compared to $421.3 million or $5.51 per diluted share a year ago.
The company provided earnings guidance for the year ending December 31, 2018. The company expects earnings per diluted share to be in the range of $2.04 to $2.24. Depreciation and amortization per share of $4.45. Funds from operations per share $6.45 to $6.65. Net cash provided by operating activities after dividends to be $140 million to $180 million and at mid-point company expects net cash provided by operating activities after dividends of $160 million.
Alexandria Real Estate Equities, Inc. owns and manages office property assets.
At the end of 2023, its portfolio consisted of collaborative life science and technology campuses with a total lettable area of 4,385,023.5 m2.
Alexandria Real Estate Equities, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year Ending December 31, 2018