04:39 PM EST, 01/27/2025 (MT Newswires) -- Alexandria Real Estate Equities ( ARE ) reported Q4 adjusted funds from operations late Monday of $2.39 per diluted share, up from $2.28 a year earlier.

Analysts polled by FactSet expected $2.39.

Revenue for the quarter ended Dec. 31 was $788.9 million, compared with $757.2 million a year earlier.

Analysts surveyed by FactSet expected $774.8 million.

For 2025, the property manager said it expects adjusted funds from operations of $9.23 to $9.43. Analysts surveyed by FactSet are looking for $9.28.

Shares of the company fell 1.4% in after-hours activity.

Price: 100.66, Change: -1.45, Percent Change: -1.42