RTTNews | Jul 26, 2021 04:39PM EDT

16:38 Monday, July 26, 2021 (RTTNews.com) - Alexandria Real Estate Equities, Inc. (ARE) reported a profit for its second quarter that rose from last year.

The company's earnings came in at $380.56 million, or $2.61 per share. This compares with $266.60 million, or $1.82 per share, in last year's second quarter.

Excluding items, Alexandria Real Estate Equities, Inc. reported adjusted earnings of $282.25 million or $1.93 per share for the period.

Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.6% to $509.62 million from $436.96 million last year.

Alexandria Real Estate Equities, Inc. earnings at a glance:

-Earnings (Q2): $282.25 Mln. vs. $225.01 Mln. last year.-EPS (Q2): $1.93 vs. $1.81 last year.-Analysts Estimate: $0.63-Revenue (Q2): $509.62 Mln vs. $436.96 Mln last year.

-Guidance:Full year EPS guidance: $7.71 to $7.79

Read the original article on RTTNews ( https://www.rttnews.com/3211937/alexandria-real-estate-equities-inc-q2-adjusted-earnings-beat-estimates.aspx)

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