J.P. Morgan Has Positive View On Alexandria Guidance

J.P. Morgan reports that Alexandria Real Estate Equities ARE just put forth initial 2011 FFO guidance of $4.58-4.68. “At the midpoint, this is $0.08 ahead of our estimate and in line with the Bloomberg Consensus,” J.P. Morgan writes. “Recall that when we upgraded ARE last month, we noted that one of the key risks to our thesis was that our 2011 estimate was below the Bloomberg consensus.” Thus, J.P. Morgan said that it views this announcement as a positive.