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The midpoint of Alexandria Actual Property Equities’ (NYSE:ARE) outlook for 2022 funds from operations per share is available in slightly below the consensus estimate. The REIT’s inventory slips 0.9% in after-hours buying and selling.
The workplace REIT specializing in ag, tech and life sciences expects 2022 FFO per share of $8.26-$8.46 with a midpoint of $8.36 vs. Seen Alpha consensus of $8.38 per share.
For 2022, the corporate assumes North America occupancy of 95.2%-95.8, rental price will increase of 30.0%-35.0%; and same-property web working revenue to extend 5.5%-7.5%, or 6.5%-8.5% on a money foundation.
This autumn adjusted FFO of $1.97, matching the consensus estimate, elevated from $1.95 in Q3 and from $1.84 within the year-ago quarter.
Occupancy of working properties in North America was 94.0% for This autumn 2021, a 100 foundation level enchancment from !4 2020.
Web working revenue (money foundation) of $1.4B, annualized, compares with $1.3B in Q3 and elevated 24% Y/Y; same-property NOI rose 5.0% and seven.5% on money foundation.
95% of Alexandria’s (ARE) leases include contractual annual lease escalations approximating 3%.
This autumn rental price improve on was 35.9% vs. 37.9% a yr in the past and on money foundation was 22.9% vs. 22.6% a yr earlier.
Convention name begins at 3:00 PM ET on Feb. 1.
Earlier, Alexandria Actual Property Equities FFO of $1.97 in-line, income of $576.92M beats by $26.88M
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