05:11 PM EDT, 04/28/2025 (MT Newswires) -- Alexandria Real Estate Equities ( ARE ) reported Q1 funds from operations late Monday of $2.30, down from $2.35.

Analysts polled by FactSet expected $2.31.

Revenue for the quarter ended March 31 was $758.2 million, down from $769.1 million a year earlier. Analysts surveyed by FactSet expected $751.8 million.

For 2025, the company reduced its adjusted FFO guidance range to $9.16 to $9.36 from $9.23 to $9.43 previously. Analysts are looking for $9.30.