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Alexandria Real Estate Equities Strong In Q4, 2009

Feb 11, 2010 | Reprints | Unlock Link | Print

California real estate investment trust Alexandria Real Estate Equities Inc., operator of more than 35 properties in Cambridge and Greater Boston, has reported funds from operations (FFO) of $54.2 million compared to FFO of $47.2 million for the same period in 2008.

In the fourth quarter, the company executed 40 leases totaling 489,000 square feet. Occupancy rate remained at 94 percent for the quarter, the company said.

In 2009, the company reported FFO $234.7 million compared to FFO $177.5 million in 2008.

The company also executed 142 Leases for almost 1.9 million square feet in 2009.

Commercial & Industrial