Alexandria Real Estate Equities posted a rise in its fourth-quarter funds from operations on Monday, as the real estate investment trust benefited from steady leasing demand from biotech clients and technology-focused firms.

Alexandria Real Estate Equities expects full-year funds from operations in the range of $9.23 to $9.43 per share. The company's shares have climbed roughly 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $102.11, a drop of 17% in the last 12 months.

Alexandria Real Estate Equities (ARE) came out with quarterly funds from operations (FFO) of $2.39 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $2.28 per share a year ago.

NEW YORK - Alexandria Real Estate Equities Inc. (NYSE:ARE) reported fourth quarter earnings that missed analyst expectations, while revenue came in above estimates.

Alexandria Real Estate Equities (NYSE:ARE) delivered Monday mixed Q4 2024 headline results as the life-science-focused REIT's expenses rose markedly during the three-month period, while same-property same operating income growth lost momentum.