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Jun 30, 2020
Alexandria Q2 2020 Earnings Report
Alexandria reported strong Q2 2020 results, driven by revenue growth and operational excellence.
Key Takeaways
Alexandria Real Estate Equities, Inc. announced strong financial and operating results for the second quarter ended June 30, 2020, including revenues of $437.0 million, up 16.9% over 2Q19, and net income per share of $1.82.
Reported 2Q20 revenues of $437.0 million, up 16.9% over 2Q19.
Net income per share was $1.82 for 2Q20.
FFO per share, as adjusted, was $1.81 for 2Q20.
The company has $4.2 billion of liquidity as of June 30, 2020.
Alexandria
Alexandria
Forward Guidance
The company increased the midpoint for 2020 construction spending guidance range from $960.0 million to $1.35 billion and expects an additional $900 million to $1.3 billion of real estate acquisitions in 2H20.