California-based Alexandria Real Estate Equities Inc., which has a presence in Cambridge, has reported $83.2 million in net income for the fourth quarter, up from $21.65 million during the same period last year.

In its earnings, the real estate investment trust reported it has obtained final zoning approval for Alexandria Center at Kendall Square. Located in East Cambridge, the 11.3-acre development will have 1.9 million rentable square feet of life science and other space, according to a statement.

Total revenues increased to $132.17 million, up from $115.06 million last year. Funds from operations attributable to stockholders was $58.47 million, compared to $54.25 million in the prior year.
Analysts polled by Thomson Reuters expected the company to report profit of $1.10 per share on revenue of $122.16 million for the quarter.