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Alexandria Real Estate sees FY23 FFO $8.86-$9.06, consensus $8.92
The Fly

Alexandria Real Estate sees FY23 FFO $8.86-$9.06, consensus $8.92

Sees FY23 Same property performance on net operating income increase 2.0%-4.0%; or net operating income increase on a cash basis 4.0%-6.0%. Sees occupancy percentage in North America as of December 31 94.8%-95.8%. The company said, "The following guidance is based on our current view of existing market conditions and assumptions for the year ending December 31, 2023 and is consistent with the guidance issued on our Form 8-K filed on November 30, 2022, except for an update to "excess 2022 bond capital held as cash at December 31, 2022," which reflects the actual amount of $300M as of December 31, 2022, compared to the prior guidance range from $200M-$300M."

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