Alexandria Real Estate Equities Stock (NYSE:ARE)


ForecastRevenueOwnershipFinancialsChartTranscripts

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$110.86

52W Range

$93.17 - $135.45

50D Avg

$118.69

200D Avg

$119.62

Market Cap

$19.75B

Avg Vol (3M)

$1.12M

Beta

1.17

Div Yield

$5.20 (4.55%)

ARE Company Profile


Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF"). The asset base in North America includes 31.9 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction, 7.1 million RSF of near-term and intermediate-term development and redevelopment projects, and 7.4 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, technology, and agtech campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, technology, and agtech companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.

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Industry

REIT - Office

Sector

Real Estate

Exchange

NYSE

ADR

-

Country

US

Employees

568

IPO Date

May 28, 1997

Website

ARE Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 23Dec 22Dec 21
Income From Rentals$2.84B--
Product and Service, Other$43.24M$12.92M$5.90M
Income from rentals-$2.58B$2.11B
Revenues subject to other accounting guidance-$51.00M$29.30M

Fiscal year ends in Dec 23 | Currency in USD

ARE Financial Summary


Dec 23Dec 22Dec 21
Revenue$2.89B$2.59B$2.11B
Operating Income$1.09B$627.03M$530.33M
Net Income$92.44M$521.66M$416.83M
EBITDA$2.18B$1.63B$1.35B
Basic EPS$0.54$3.18$2.84
Diluted EPS$0.54$3.18$2.83

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Oct 22, 24 | 6:20 PM
Q2 24Jul 23, 24 | 8:12 PM
Q1 24Apr 23, 24 | 7:45 PM

Peer Comparison


TickerCompany
KRCKilroy Realty Corporation
CUZCousins Properties Incorporated
BXPBoston Properties, Inc.
SLGSL Green Realty Corp.
DEIDouglas Emmett, Inc.
BDNBrandywine Realty Trust
HIWHighwoods Properties, Inc.
PDMPiedmont Office Realty Trust, Inc.
HPPHudson Pacific Properties, Inc.
VNOVornado Realty Trust