Alexandria Real Estate Equities: Q2 Earnings Snapshot

Alexandria Real Estate Equities Inc. reported second-quarter funds from operations of $1.73 per share, exceeding analysts' estimates of $1.65. The company also posted revenue of $662.8 million, surpassing forecasts, and expects full-year funds from operations in the range of $6.35 to $6.45 per share. Its shares have risen 8.5% year-to-date but declined 30% over the past 12 months.