Alexandria Real Estate Equities, Inc. (ARE) is a leading U.S. REIT valued at $12.3 billion, specializing in lab and office campuses for life sciences companies in innovation clusters like Boston and San Francisco. Despite slipping 32.2% from its 52-week high, ARE stock has outperformed the Real Estate Select Sector SPDR Fund.

In Q2, ARE reported total revenues of $762 million, slightly down year-over-year but beating Wall Street estimates. Its FFO of $2.33 per share also exceeded analysts’ expectations. Despite being below its 200-day moving average, ARE shares rose 1.3% after the earnings announcement.

Kilroy Realty Corporation (KRC) has shown resilience in the REIT sector, outperforming ARE with an 8.1% uptick YTD. Wall Street analysts are moderately bullish on ARE, with a consensus “Moderate Buy” rating and a mean price target of $97.50, suggesting a 14.5% potential upside from current levels.

Read more at Yahoo Finance: How Is Alexandria Real Estate’s Stock Performance Compared to Other Real Estate Stocks?