Alexandria Real Estate Equities Inc ARE
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News
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Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.27 per Common Share for 1Q24, for an Aggregate of $5.02 per Common Share for the 12 Months Ending March 31, 2024, an Increase of 24 Cents, or 5 Percent, Over the 12 Months Ended March 31, 2023
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Alexandria Real Estate Equities, Inc. Announces Significant Early Renewal and 10-Year Lease Extension With Longstanding Credit Tenant Takeda at the Alexandria Center at Kendall Square Mega Campus in Cambridge
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Alexandria Real Estate Equities, Inc. to Hold Its First Quarter 2024 Operating and Financial Results Conference Call and Webcast on April 23, 2024
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Alexandria Real Estate Equities, Inc. Continues Its Distinctive, Steadfast and Positive Impact on the Widespread and Complex Mental Health Crisis
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Alexandria Real Estate Equities, Inc. Announces Long-Term Tenant AstraZeneca Is Investing $300 Million in a Next-Generation Cell Therapy Manufacturing Facility at the Alexandria Center for Life Science - Shady Grove Mega Campus in Rockville, Maryland
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Alexandria Real Estate Equities, Inc. Announces Pricing of Public Offering of $400,000,000 of Senior Notes due 2036 $600,000,000 of Senior Notes due 2054
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Alexandria Real Estate Equities, Inc. Announces Public Offering of Senior Notes
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Alexandria Real Estate Equities, Inc. Reports: 4Q23 Net Loss per Share - Diluted of $0.54; 2023 Net Income per Share - Diluted of $0.54; and 4Q23 and 2023 FFO per Share - Diluted, As Adjusted, of $2.28 and $8.97, respectively
Trading Information
- Previous Close Price
- $122.92
- Day Range
- $123.94–127.71
- 52-Week Range
- $90.73–135.45
- Bid/Ask
- $125.25 / $127.75
- Market Cap
- $22.34 Bil
- Volume/Avg
- 1.2 Mil / 1.0 Mil
Key Statistics
- Price/Earnings (Normalized)
- 38.12
- Price/Sales
- 7.56
- Dividend Yield (Trailing)
- 3.93%
- Dividend Yield (Forward)
- 3.98%
- Total Yield
- 3.93%
Company Profile
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, 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, agtech, and technology campuses that provide tenants with highly dynamic and collaborative environments. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through venture capital platform.
- Sector
- Real Estate
- Industry
- REIT - Office
- Stock Style Box
- Mid Core
- Total Number of Employees
- 568
- Website
- https://www.are.com
Comparables
Valuation
Metric
|
ARE
|
KRC
|
DEI
|
---|---|---|---|
Price/Earnings (Normalized) | 38.12 | 20.07 | 113.92 |
Price/Book Value | 1.19 | 0.78 | 1.03 |
Price/Sales | 7.56 | 3.76 | 2.27 |
Price/Cash Flow | 13.40 | 7.04 | 5.33 |
Price/Earnings
ARE
KRC
DEI
Financial Strength
Metric
|
ARE
|
KRC
|
DEI
|
---|---|---|---|
Quick Ratio | 0.34 | 1.84 | 5.00 |
Current Ratio | 0.39 | 1.86 | 5.21 |
Interest Coverage | 4.79 | 2.89 | 0.64 |
Quick Ratio
ARE
KRC
DEI
Profitability
Metric
|
ARE
|
KRC
|
DEI
|
---|---|---|---|
Return on Assets (Normalized) | 2.80% | 2.41% | −0.58% |
Return on Equity (Normalized) | 5.46% | 4.92% | −2.33% |
Return on Invested Capital (Normalized) | 3.17% | 3.27% | 1.63% |
Return on Assets
ARE
KRC
DEI
REIT - Office Industry Comparables
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