Alexandria Real Estate Equities reported strong Q2 2024 results, including total revenues of $766.7 million, a 7.4% increase year-over-year, and adjusted FFO per share of $2.36. The company also saw strong leasing volume and solid rental rate increases, with 1.1 million RSF leased during the quarter.
Total revenues increased by 7.4% year-over-year to $766.7 million.
Leasing volume aggregated 1.1 million RSF during 2Q24.
Rental rate increases were 7.4% on a straight-line basis and 3.7% on a cash basis for 2Q24.
Occupancy of operating properties in North America was 94.6%.
The following guidance for 2024 has been updated to reflect our current view of existing market conditions and assumptions for the year ending December 31, 2024.
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