PASADENA, Calif. (AP) _ Alexandria Real Estate Equities Inc. (ARE) on Monday reported a key measure of profitability in its fourth quarter.

The Pasadena, California-based real estate investment trust said it had funds from operations of $303.6 million, or $1.97 per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $72.8 million, or 47 cents per share.

The life science real estate company posted revenue of $576.9 million in the period.

For the year, the company reported funds from operations of $1.14 billion, or $7.76 per share. Revenue was reported as $2.11 billion.

Alexandria Real Estate Equities expects full-year funds from operations in the range of $8.26 to $8.46 per share.

The company's shares have declined 13% since the beginning of the year. In the final minutes of trading on Monday, shares hit $194.84, a climb of 17% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARE at https://www.zacks.com/ap/ARE

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