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Alexandria Real Estate Equities, Inc. (ARE)

Stock Price: $162.14 USD -0.44 (-0.27%)
Updated November 27, 1:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 21.88B
Revenue (ttm) 1.83B
Net Income (ttm) 523.35M
Shares Out 134.94M
EPS (ttm) 4.30
PE Ratio 37.71
Forward PE 64.52
Dividend $4.24
Dividend Yield 2.62%

Stock Quote

Trading Day November 27
Last Price $162.14
Previous Close $162.58
Change ($) -0.44
Change (%) -0.27%
Day's Open 162.75
Day's Range 161.54 - 163.21
Day's Volume 251,247
52-Week Range 109.22 - 177.70

More Stats

Market Cap 21.88B
Enterprise Value 29.22B
Earnings Date (est) Feb 8, 2021
Ex-Dividend Date Sep 29, 2020
Shares Outstanding 134.94M
Float 133.45M
EPS (basic) 4.38
EPS (diluted) 4.30
FCF / Share -27.34
Dividend $4.24
Dividend Yield 2.62%
Earnings Yield 2.65%
FCF Yield n/a
Payout Ratio 95.40%
Shares Short 2.97M
Short Ratio 3.54
Short % of Float 2.22%
Beta 0.81
PE Ratio 37.71
Forward PE 64.52
P/FCF Ratio n/a
PS Ratio 11.96
PB Ratio 2.07
Revenue 1.83B
Operating Income 489.77M
Net Income 523.35M
Free Cash Flow -3.45B
Net Cash -7.34B
Net Cash / Share -54.38
Gross Margin 59.34%
Operating Margin 26.76%
Profit Margin 28.60%
FCF Margin -188.42%
ROA 1.73%
ROE 5.50%
ROIC 2.60%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (12)

Buy 10
Overweight 0
Hold 2
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$186.29*
(14.89% upside)
Low
165
Current: $162.14
High
204
Target: 186.29
*Average 12-month price target from 12 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,5311,3271,128922843727631574537461
Revenue Growth15.36%17.67%22.39%9.27%16.04%15.17%9.86%7.03%16.53%-
Gross Profit1,086946802643582508442402379337
Operating Income42037231056.76238178204166187182
Net Income363379169-65.90144102136102131135
Shares Outstanding11510895.7279.4172.5072.0171.6363.6961.9555.34
Earnings Per Share3.123.521.58-1.991.631.011.601.091.732.19
EPS Growth-11.36%122.78%--61.39%-36.88%46.79%-36.99%-21%-
Dividend Per Share4.003.733.453.233.052.882.612.091.861.50
Dividend Growth7.24%8.12%6.81%5.9%5.9%10.34%24.88%12.37%24%-
Operating Cash Flow684570451393343334313306247227
Capital Expenditures-3,478-1,944-1,554-1,438-683-544-561-555-715-450
Free Cash Flow-2,794-1,374-1,103-1,045-341-210-249-249-468-223
Cash & Equivalents24327227714115411385.41181102120
Total Debt6,7775,4784,7654,1643,9363,6793,0613,1822,7792,584
Net Cash / Debt-6,535-5,206-4,488-4,023-3,782-3,566-2,976-3,001-2,677-2,465
Assets18,39114,46512,10410,3558,8818,1367,5307,1506,5745,906
Liabilities8,2246,5705,6214,9734,5874,2263,5513,6473,1412,920
Book Value8,8667,3425,9504,8963,9753,8283,9173,4423,3742,929
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Alexandria Real Estate Equities, Inc.
Country United States
Employees 439
CEO Peter M. Moglia / Stephen A. Richardson

Stock Information

Ticker Symbol ARE
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REIT—Office
Unique Identifier NYSE: ARE
IPO Date May 27, 1997

Description

Alexandria Real Estate Equities (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 $29.2 billion as of September 30, 2020, and an asset base in North America of 47.4 million square feet (SF). The asset base in North America includes 31.2 million RSF of operating properties and 2.8 million RSF of Class A properties undergoing construction, 7.2 million RSF of near-term and intermediate-term development and redevelopment projects, and 6.2 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.