Alexandria Real Estate Equities, Inc. (ARE)
Stock Price Chart
Key Info
| Market Cap | 22.15B |
| Revenue (ttm) | 1.69B |
| Net Income (ttm) | 403.66M |
| Shares Out | 126.12M |
| EPS (ttm) | 3.34 |
| PE Ratio | 52.59 |
| Forward PE | n/a |
| Dividend | $4.24 |
| Dividend Yield | 2.41% |
Stock Quote
| Trading Day | Aug 7, 2020 |
| Last Price | $175.65 |
| Previous Close | $174.38 |
| Change ($) | 1.27 |
| Change (%) | 0.73% |
| Day's Open | 173.92 |
| Day's Range | 173.92 - 176.11 |
| Day's Volume | 699,896 |
| 52-Week Range | 109.22 - 177.70 |
More Stats
| Market Cap | 22.15B |
| Enterprise Value | 29.43B |
| Earnings Date (est) | Nov 2, 2020 |
| Ex-Dividend Date | Jun 29, 2020 |
| Shares Outstanding | 126.12M |
| Float | 124.55M |
| EPS (basic) | 3.3 |
| EPS (diluted) | 3.34 |
| FCF / Share | -22.52 |
| Dividend | $4.24 |
| Dividend Yield | 2.41% |
| Earnings Yield | 1.90% |
| FCF Yield | n/a |
| Payout Ratio | 124.80% |
| Shares Short | 7.11M |
| Short Ratio | 5.18 |
| Short % of Float | 6.72% |
| Beta | 0.86 |
| PE Ratio | 52.59 |
| Forward PE | n/a |
| P/FCF Ratio | n/a |
| PS Ratio | 13.10 |
| PB Ratio | 2.33 |
| Revenue | 1.69B |
| Operating Income | 415.54M |
| Net Income | 403.66M |
| Free Cash Flow | -2.84B |
| Net Cash | -7.28B |
| Net Cash / Share | -57.74 |
| Gross Margin | 64.79% |
| Operating Margin | 24.56% |
| Profit Margin | 23.50% |
| FCF Margin | -167.99% |
| ROA | 1.59% |
| ROE | 4.66% |
| ROIC | 2.30% |
Analyst Summary
Analyst Consensus: Buy
Financial Performance
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,531 | 1,327 | 1,128 | 922 | 843 | 727 | 631 | 574 | 537 | 461 |
| Revenue Growth | 15.36% | 17.67% | 22.39% | 9.27% | 16.04% | 15.17% | 9.86% | 7.03% | 16.53% | - |
| Gross Profit | 1,086 | 946 | 802 | 643 | 582 | 508 | 442 | 402 | 379 | 337 |
| Operating Income | 420 | 372 | 310 | 56.76 | 238 | 178 | 204 | 166 | 187 | 182 |
| Net Income | 363 | 379 | 169 | -65.90 | 144 | 102 | 136 | 102 | 131 | 135 |
| Shares Outstanding | 115 | 108 | 95.72 | 79.41 | 72.50 | 72.01 | 71.63 | 63.69 | 61.95 | 55.34 |
| Earnings Per Share | 3.12 | 3.52 | 1.58 | -1.99 | 1.63 | 1.01 | 1.60 | 1.09 | 1.73 | 2.19 |
| EPS Growth | -11.36% | 122.78% | - | - | 61.39% | -36.88% | 46.79% | -36.99% | -21% | - |
| Dividend Per Share | 4.00 | 3.73 | 3.45 | 3.23 | 3.05 | 2.88 | 2.61 | 2.09 | 1.86 | 1.50 |
| Dividend Growth | 7.24% | 8.12% | 6.81% | 5.9% | 5.9% | 10.34% | 24.88% | 12.37% | 24% | - |
| Operating Cash Flow | 684 | 570 | 451 | 393 | 343 | 334 | 313 | 306 | 247 | 227 |
| 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 & Equivalents | 243 | 272 | 277 | 141 | 154 | 113 | 85.41 | 181 | 102 | 120 |
| Total Debt | 6,777 | 5,478 | 4,765 | 4,164 | 3,936 | 3,679 | 3,061 | 3,182 | 2,779 | 2,584 |
| Net Cash / Debt | -6,535 | -5,206 | -4,488 | -4,023 | -3,782 | -3,566 | -2,976 | -3,001 | -2,677 | -2,465 |
| Assets | 18,391 | 14,465 | 12,104 | 10,355 | 8,881 | 8,136 | 7,530 | 7,150 | 6,574 | 5,906 |
| Liabilities | 8,224 | 6,570 | 5,621 | 4,973 | 4,587 | 4,226 | 3,551 | 3,647 | 3,141 | 2,920 |
| Book Value | 8,866 | 7,342 | 5,950 | 4,896 | 3,975 | 3,828 | 3,917 | 3,442 | 3,374 | 2,929 |
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, 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 $27.7 billion as of June 30, 2020, and an asset base in North America of 43.0 million square feet (SF). The asset base in North America includes 28.8 million RSF of operating properties and 2.3 million RSF of Class A properties undergoing construction, 6.6 million RSF of near-term and intermediate-term development and redevelopment projects, and 5.3 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 arm. 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.