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lexandria Real Estate Equities, Inc. (ARE) is a California-based real estate investment trust (REIT) with a market capitalization of $13.3 billion. The company focuses on developing and operating office properties for the life science and technology industries. Ahead of its first-quarter earnings release on April 28, analysts expect ARE to report funds from operations (FFO) of $2.28 per share, down 3% from the same period last year.

    ARE has a mixed track record of meeting or beating analyst expectations, having missed estimates once in the past four quarters but surpassing them three times. For fiscal 2025, analysts predict an FFO of $9.30 per share, down 1.8% from fiscal 2024's $9.47 per share. However, they expect a rebound to $9.57 per share in fiscal 2026.

    ARE stock has underperformed the S&P 500 Index and Real Estate Select Sector SPDR Fund over the past year, declining by nearly 35%. The company's Q4 results disappointed investors, with a 10-basis-point drop in occupancy rates and rental income growth of only 2.8% year-over-year.

    Despite this, ARE managed to match analyst expectations for FFO per share at $2.39. The consensus view on the stock is cautiously optimistic, with four analysts recommending a "Strong Buy" rating and nine suggesting a "Hold." The mean price target of $115.15 represents a 44.5% premium to current levels.