Market Summary
USD124.09-2.86
Market Closed-2.25%
ARE Alerts
ARE Stock Price
ARE RSI Chart
ARE Valuation
ARE Price/Sales (Trailing)
ARE Profitability
ARE Fundamentals
ARE Revenue
ARE Earnings
Price Action
52 Week Range
121.94203.45
(Low)(High)
Last 7 days
-12.0%
Last 30 days
-24.0%
Last 90 days
-15.6%
Trailing 12 Months
-31.9%
ARE Financial Health
ARE Investor Care
Peers (Alternatives to Alexandria Real Estate Equities)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 51.7B | 4.2B | -4.61% | -14.88% | 11.88 | 12.36 | 22.43% | 122.66% |
DLR | 30.0B | 4.7B | -6.82% | -21.36% | 79.47 | 6.4 | 5.96% | -77.90% |
EQR | 22.3B | 2.7B | -9.31% | -29.65% | 28.69 | 8.21 | 11.91% | -41.71% |
ARE | 21.2B | 2.6B | -23.98% | -31.95% | 40.62 | 8.18 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -13.87% | 104.43 | 7.61 | 26.61% | -85.07% |
| MID-CAP | ||||||||
FRT | 7.7B | 1.1B | -13.38% | -14.77% | 20.08 | 7.2 | 12.95% | 47.42% |
KRG | 4.3B | 802.0M | -9.03% | -5.22% | -341.02 | 5.37 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -31.59% | -62.57% | -8.47 | 1.63 | 13.26% | -296.88% |
MAC | 2.1B | 859.2M | -25.44% | -29.31% | -31.63 | 2.43 | 1.38% | -563.21% |
| SMALL-CAP | ||||||||
SKT | 1.9B | 421.4M | -3.41% | 12.84% | 22.56 | 4.55 | 3.35% | 1705.32% |
SLG | 1.7B | 826.7M | -30.54% | -63.53% | -22.04 | 2.08 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -7.76% | -1.93% | 11.27 | 5.46 | 12.08% | 1950.56% |
PGRE | 983.2M | 740.4M | -22.73% | -54.50% | -27.01 | 1.33 | 1.87% | -78.85% |
Financials for Alexandria Real Estate Equities
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 3.7% | 2,589 | 2,496 | 2,384 | 2,249 | 2,114 |
| S&GA Expenses | 0.8% | 177 | 176 | 164 | 158 | 151 |
| Costs and Expenses | 3.1% | 2,125 | 2,061 | 1,986 | 1,889 | 1,858 |
| Interest Expenses | -15.5% | 94.00 | 112 | 124 | 135 | 142 |
| Net Income | -3.8% | 522 | 542 | 301 | 414 | 571 |
| Net Income Margin | -7.3% | 0.20* | 0.22* | 0.13* | 0.18* | 0.27* |
| Free Cahsflow | 13.3% | 1,294 | 1,143 | 1,089 | 989 | 1,010 |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 3.4% | 35,523 | 34,369 | 33,244 | 32,844 | 30,219 |
| Cash Equivalents | 54.6% | 825 | 534 | 420 | 775 | 361 |
| Liabilities | -2.1% | 12,840 | 13,113 | 12,782 | 12,664 | 11,186 |
| Long Term Debt | 2.5% | 10,526 | 10,271 | 10,303 | 8,792 | - |
| Shareholder's Equity | 7.7% | 18,972 | 17,616 | 20,453 | 20,171 | 16,190 |
| Additional Paid-In Capital | 7.7% | 18,991 | 17,639 | 17,150 | 16,934 | 16,195 |
| Shares Outstanding | 8.0% | 171 | 158 | - | - | - |
| Minority Interest | 2.0% | 3,701 | 3,629 | 3,313 | 3,241 | 2,834 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 13.3% | 1,294 | 1,143 | 1,089 | 989 | 1,010 |
| Share Based Compensation | -4.4% | 58.00 | 60.00 | 52.00 | 50.00 | 49.00 |
| Cashflow From Investing | 5.8% | -5,080 | -5,394 | -6,067 | -7,158 | -7,107 |
| Cashflow From Financing | -11.0% | 4,230 | 4,753 | 5,141 | 6,507 | 5,916 |
| Dividend Payments | 2.7% | 758 | 738 | 716 | 689 | 656 |
Risks for ARE
What is the probability of a big loss on ARE?
36.9%
Probability that Alexandria Real Estate Equities stock will be more than 20% underwater in next one year
15.8%
Probability that Alexandria Real Estate Equities stock will be more than 30% underwater in next one year.
10.8%
Probability that Alexandria Real Estate Equities stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ARE drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Alexandria Real Estate Equities was unfortunately bought at previous high price.
Drawdowns
Returns for ARE
Cumulative Returns on ARE
9.2%
10-Year Cumulative Returns
8.4%
7-Year Cumulative Returns
2.4%
5-Year Cumulative Returns
-2.6%
3-Year Cumulative Returns
What are the long-term rolling returns for ARE?
FIve years rolling returns for Alexandria Real Estate Equities.
Annualized Returns
Which funds bought or sold ARE recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 14.41 | 81,812,600 | 515,106,000 | 0.56% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -18.5 | -149,000 | 815,000 | -% |
2023-03-03 | Crumly & Associates Inc. | sold off | -100 | -330,000 | - | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | unchanged | - | 59.00 | 3,059 | -% |
2023-02-28 | Voya Investment Management LLC | added | 2.88 | 524,307 | 8,124,310 | 0.01% |
2023-02-24 | SRS Capital Advisors, Inc. | reduced | -0.5 | 2,552 | 86,552 | 0.01% |
2023-02-24 | NATIXIS | added | 95.37 | 2,273,660 | 4,480,660 | 0.03% |
2023-02-24 | National Pension Service | added | 8.22 | 3,616,660 | 29,681,900 | 0.06% |
2023-02-22 | CVA Family Office, LLC | added | 9.09 | 2,480 | 17,480 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 74,000 | 1,985,000 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
ARE Alerts
Alexandria Real Estate Equities News
Schedule 13G FIlings of Alexandria Real Estate Equities
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | norges bank | 9.53% | 15,632,151 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 15.79% | 25,917,493 | SC 13G/A | |
| Feb 06, 2023 | state street corp | 6.28% | 10,297,732 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.6% | 15,799,828 | SC 13G/A | |
| Feb 10, 2022 | state street corp | 5.96% | 9,241,408 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 15.35% | 23,783,205 | SC 13G/A | |
| Feb 08, 2022 | norges bank | 8.70% | 13,487,741 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 9.6% | 14,913,187 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 15.02% | 20,271,807 | SC 13G/A | |
| Feb 05, 2021 | state street corp | 5.26% | 7,100,064 | SC 13G |
ARE Fair Value
Alexandria Real Estate Equities fair value in different scenarios
The table shows the Fair Value estimates for Alexandria Real Estate Equities for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 121.75 -1.89% | 150.60 21.36% | 202.05 62.83% | 240.90 94.13% | 281.42 126.79% |
| Current Inflation | 113.16 -8.81% | 137.52 10.82% | 180.24 45.25% | 212.38 71.15% | 245.90 98.16% |
| Very High Inflation | 102.69 -17.25% | 121.91 -1.76% | 154.85 24.79% | 179.57 44.71% | 205.36 65.49% |
Historical Alexandria Real Estate Equities Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Alexandria Real Estate Equities
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 13, 2023 | 8-K | Current Report | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 8-K | Current Report | |
| Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 09, 2023 | 4 | Insider Trading | |
| Feb 09, 2023 | 4 | Insider Trading | |
| Feb 08, 2023 | 4 | Insider Trading | |
| Feb 08, 2023 | 4 | Insider Trading | |
| Feb 08, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for ARE
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-28 | Moglia Peter M | sold (taxes) | -82,079 | 149 | -548 | chief executive officer |
2023-02-07 | MARCUS JOEL S | sold | -1,512,000 | 168 | -9,000 | executive chairman |
2023-02-07 | Cunningham John H | sold | -1,293,080 | 165 | -7,800 | evp - regional market director |
2023-02-06 | Binda Marc E | sold | -551,459 | 167 | -3,298 | evp - finance & treasurer |
2023-02-06 | Kass Hunter | sold | -636,812 | 167 | -3,803 | evp - regional market director |
2023-02-06 | Lee Orraparn C. | sold | -802,128 | 167 | -4,800 | evp - accounting |
2023-01-31 | Moglia Peter M | sold (taxes) | -88,085 | 160 | -548 | chief executive officer |
2023-01-27 | MARCUS JOEL S | sold (taxes) | -901,093 | 160 | -5,608 | executive chairman |
2023-01-27 | Moglia Peter M | sold (taxes) | -1,782,740 | 160 | -11,095 | chief executive officer |
2023-01-13 | KLEIN RICHARD HUNTER | acquired | - | - | 1,125 | - |
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 $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF"). The asset base in North America includes 31.9 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction, 7.1 million RSF of near-term and intermediate-term development and redevelopment projects, and 7.4 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, technology, and agtech campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, technology, and agtech companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.
ARE Income Statement
2022-12-31Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income from rentals | $ 2,588,962 | $ 2,114,150 | $ 1,885,637 |
| Expenses: | |||
| Rental operations | 783,153 | 623,555 | 530,224 |
| General and administrative | 177,278 | 151,461 | 133,341 |
| Interest | 94,203 | 142,165 | 171,609 |
| Depreciation and amortization | 1,002,146 | 821,061 | 698,104 |
| Impairment of real estate | 64,969 | 52,675 | 48,078 |
| Loss on early extinguishment of debt | 3,317 | 67,253 | 60,668 |
| Total expenses | 2,125,066 | 1,858,170 | 1,642,024 |
| Equity in earnings of unconsolidated real estate joint ventures | 645 | 12,255 | 8,148 |
| Investment (loss) income | (331,758) | 259,477 | 421,321 |
| Gain on sales of real estate | 537,918 | 126,570 | 154,089 |
| Net income | 670,701 | 654,282 | 827,171 |
| Net income attributable to noncontrolling interests | (149,041) | (83,035) | (56,212) |
| Net income attributable to Alexandria Real Estate Equities, Inc.’s stockholders | 521,660 | 571,247 | 770,959 |
| Net income attributable to unvested restricted stock awards | (8,392) | (7,848) | (10,168) |
| Net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders | $ 513,268 | $ 563,399 | $ 760,791 |
| Earnings per share - basic (USD per share) | $ 3.18 | $ 3.83 | $ 6.03 |
| Earnings per share - diluted (USD per share) | $ 3.18 | $ 3.82 | $ 6.01 |
| Income from rentals | |||
| Income from rentals | $ 2,576,040 | $ 2,108,249 | $ 1,878,208 |
| Other income | |||
| Income from rentals | $ 12,922 | $ 5,901 | $ 7,429 |
ARE Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Assets | ||
| Investments in real estate | $ 29,945,440 | $ 24,980,669 |
| Investments in unconsolidated real estate joint ventures | 38,435 | 38,483 |
| Cash and cash equivalents | 825,193 | 361,348 |
| Restricted cash | 32,782 | 53,879 |
| Tenant receivables | 7,614 | 7,379 |
| Deferred rent | 942,646 | 839,335 |
| Deferred leasing costs | 516,275 | 402,898 |
| Investments | 1,615,074 | 1,876,564 |
| Other assets | 1,599,940 | 1,658,818 |
| Total assets | 35,523,399 | 30,219,373 |
| Liabilities, Noncontrolling Interests, and Equity | ||
| Secured notes payable | 59,045 | 205,198 |
| Unsecured senior notes payable | 10,100,717 | 8,316,678 |
| Unsecured senior line of credit and commercial paper | 0 | 269,990 |
| Accounts payable, accrued expenses, and other liabilities | 2,471,259 | 2,210,410 |
| Dividends payable | 209,131 | 183,847 |
| Total liabilities | 12,840,152 | 11,186,123 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 9,612 | 9,612 |
| Alexandria Real Estate Equities, Inc.’s stockholders’ equity: | ||
| Common stock, $0.01 par value per share, 400,000,000 and 200,000,000 shares authorized as of December 31, 2022 and 2021, respectively; 170,748,395 and 158,043,880 shares issued and outstanding as of December 31, 2022 and 2021, respectively | 1,707 | 1,580 |
| Additional paid-in capital | 18,991,492 | 16,195,256 |
| Accumulated other comprehensive loss | (20,812) | (7,294) |
| Alexandria Real Estate Equities, Inc.’s stockholders’ equity | 18,972,387 | 16,189,542 |
| Noncontrolling interests | 3,701,248 | 2,834,096 |
| Total equity | 22,673,635 | 19,023,638 |
| Total liabilities, noncontrolling interests, and equity | $ 35,523,399 | $ 30,219,373 |