04:48 PM EDT, 10/21/2024 (MT Newswires) -- Alexandria Real Estate Equities ( ARE ) reported Q3 adjusted funds from operations late Monday of $2.37 per share, up from $2.26 a year earlier.

Analysts polled by Capital IQ expected $1.91.

Revenue for the quarter ended Sept. 30 was $791.6 million, up from $713.8 million a year earlier.

Analysts surveyed by Capital IQ expected $769.5 million.

The company narrowed its 2024 outlook for adjusted funds from operations per share to $9.45 to $9.49 from previous guidance of $9.41 to $9.53 per share. Analysts expect $7.56.