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Alexandria Real Estate Equities Inc Stock Research

ARE

124.09USD-2.86(-2.25%)Market Closed

Market Summary

USD124.09-2.86
Market Closed
-2.25%

ARE Alerts

ARE Stock Price

ARE RSI Chart

ARE Valuation

Market Cap

21.2B

Price/Earnings (Trailing)

40.62

Price/Sales (Trailing)

8.18

Price/Free Cashflow

16.37

ARE Price/Sales (Trailing)

ARE Profitability

Return on Equity

2.75%

Return on Assets

1.47%

Free Cashflow Yield

6.11%

ARE Fundamentals

ARE Revenue

Revenue (TTM)

2.6B

Revenue Y/Y

16.18%

Revenue Q/Q

1.58%

ARE Earnings

Earnings (TTM)

521.7M

Earnings Y/Y

-27.47%

Earnings Q/Q

-84.24%

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

Debt/Equity

0.55

Debt/Cashflow

0.12

ARE Investor Care

Dividend Yield

3.76%

Dividend/Share (TTM)

4.66

Shares Dilution (1Y)

8.04%

Diluted EPS (TTM)

3.18

Peers (Alternatives to Alexandria Real Estate Equities)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.7B
4.2B
-4.61% -14.88%
11.88
12.36
22.43% 122.66%
30.0B
4.7B
-6.82% -21.36%
79.47
6.4
5.96% -77.90%
22.3B
2.7B
-9.31% -29.65%
28.69
8.21
11.91% -41.71%
21.2B
2.6B
-23.98% -31.95%
40.62
8.18
22.46% -8.68%
13.2B
1.7B
-4.07% -13.87%
104.43
7.61
26.61% -85.07%
MID-CAP
7.7B
1.1B
-13.38% -14.77%
20.08
7.2
12.95% 47.42%
4.3B
802.0M
-9.03% -5.22%
-341.02
5.37
114.83% 84.36%
2.9B
1.8B
-31.59% -62.57%
-8.47
1.63
13.26% -296.88%
2.1B
859.2M
-25.44% -29.31%
-31.63
2.43
1.38% -563.21%
SMALL-CAP
1.9B
421.4M
-3.41% 12.84%
22.56
4.55
3.35% 1705.32%
1.7B
826.7M
-30.54% -63.53%
-22.04
2.08
-2.04% -117.36%
1.0B
190.3M
-7.76% -1.93%
11.27
5.46
12.08% 1950.56%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.7%2,5892,4962,3842,2492,114
  S&GA Expenses0.8%177176164158151
Costs and Expenses3.1%2,1252,0611,9861,8891,858
Interest Expenses-15.5%94.00112124135142
Net Income-3.8%522542301414571
Net Income Margin-7.3%0.20*0.22*0.13*0.18*0.27*
Free Cahsflow13.3%1,2941,1431,0899891,010
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.4%35,52334,36933,24432,84430,219
    Cash Equivalents54.6%825534420775361
Liabilities-2.1%12,84013,11312,78212,66411,186
  Long Term Debt2.5%10,52610,27110,3038,792-
Shareholder's Equity7.7%18,97217,61620,45320,17116,190
  Additional Paid-In Capital7.7%18,99117,63917,15016,93416,195
Shares Outstanding8.0%171158---
Minority Interest2.0%3,7013,6293,3133,2412,834
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations13.3%1,2941,1431,0899891,010
  Share Based Compensation-4.4%58.0060.0052.0050.0049.00
Cashflow From Investing5.8%-5,080-5,394-6,067-7,158-7,107
Cashflow From Financing-11.0%4,2304,7535,1416,5075,916
  Dividend Payments2.7%758738716689656

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 ascendingFund NameType% 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%

1–10 of 49

Latest Funds Activity

Are funds buying ARE calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ARE
No. of Funds

Alexandria Real Estate Equities News

Seeking Alpha

The State Of REITs: March 2023 Edition.

Seeking Alpha,
2 hours ago

Zacks Investment Research

The Real Deal

Schedule 13G FIlings of Alexandria Real Estate Equities

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Peter M. Moglia
560
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

2022-12-31
Consolidated 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 operations783,153623,555530,224
General and administrative177,278151,461133,341
Interest94,203142,165171,609
Depreciation and amortization1,002,146821,061698,104
Impairment of real estate64,96952,67548,078
Loss on early extinguishment of debt3,31767,25360,668
Total expenses2,125,0661,858,1701,642,024
Equity in earnings of unconsolidated real estate joint ventures64512,2558,148
Investment (loss) income(331,758)259,477421,321
Gain on sales of real estate537,918126,570154,089
Net income670,701654,282827,171
Net income attributable to noncontrolling interests(149,041)(83,035)(56,212)
Net income attributable to Alexandria Real Estate Equities, Inc.’s stockholders521,660571,247770,959
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

2022-12-31
Consolidated 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 ventures38,43538,483
Cash and cash equivalents825,193361,348
Restricted cash32,78253,879
Tenant receivables7,6147,379
Deferred rent942,646839,335
Deferred leasing costs516,275402,898
Investments1,615,0741,876,564
Other assets1,599,9401,658,818
Total assets35,523,39930,219,373
Liabilities, Noncontrolling Interests, and Equity  
Secured notes payable59,045205,198
Unsecured senior notes payable10,100,7178,316,678
Unsecured senior line of credit and commercial paper0269,990
Accounts payable, accrued expenses, and other liabilities2,471,2592,210,410
Dividends payable209,131183,847
Total liabilities12,840,15211,186,123
Commitments and contingencies
Redeemable noncontrolling interests9,6129,612
Alexandria Real Estate Equities, Inc.’s stockholders’ equity:  
Common stock, $0.01 par value per share, 400,000,000 and 200,000,000 shares authorized as of December 31, 2022 and 2021, respectively; 170,748,395 and 158,043,880 shares issued and outstanding as of December 31, 2022 and 2021, respectively1,7071,580
Additional paid-in capital18,991,49216,195,256
Accumulated other comprehensive loss(20,812)(7,294)
Alexandria Real Estate Equities, Inc.’s stockholders’ equity18,972,38716,189,542
Noncontrolling interests3,701,2482,834,096
Total equity22,673,63519,023,638
Total liabilities, noncontrolling interests, and equity$ 35,523,399$ 30,219,373