04:33 PM EDT, 07/22/2024 (MT Newswires) -- Alexandria Real Estate Equities ( ARE ) reported Q2 adjusted funds from operations of $2.36 per share, up from $2.24 a year earlier.

Analysts polled by Capital IQ expected $2.34.

Revenue for the quarter ended June 30 was $766.7 million, up from $713.9 million a year earlier.

Analysts surveyed by Capital IQ expected $783.1 million.

The company reiterated its 2024 outlook for adjusted funds from operations of $9.41 to $9.53 per share. Analysts expected $9.48.