Alexandria Real Estate Equities, Inc.

Symbol: ARE
CIK: 1035443
Exchange: NYSE
Founded: 1993 (26 years)
HQ: Pasadena, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Office

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Overall Score: 8.7

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 8, 2019


Open Price: $153.31
Closing Price: $153.91
Price Change: 0.03 (0.019%)
Lowest Price: $152.69
Highest Price: $153.93

52-Week Low: $109.04
52-Week High: $160.25
52-Week Change: 23.02%

5 Day Price Change: -2.87%
1 Month Price Change: 0.51%
3 Month Price Change: 5.07%
6 Month Price Change: 10.09%
YTD Price Change: 38.17%
1 Year Price Change: 23.00%
2 Year Price Change: 22.07%
5 Year Price Change: 86.79%

Dividend of Trading Day November 8, 2019


Dividend Yield: 2.599%*
Annualized Dividend: $4*
Dividend Yield (TTM): 2.56%
Annualized Dividend (TTM): $3.94
Ex Dividend Date: 2019-09-27
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day November 8, 2019


Total Cash: $272,130,000
Current Debt: $8,601,000
Revenue: $1,337,709,000
Gross Profit: $500,866,000
Total Revenue: $1,337,709,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $965,818,000
Revenue Per Share: $12
Revenue Per Employee: $3,465,567
Employee: 386
Debt to Equity Ratio (D/E): 0.75
Profit Margin: 0.28%
Enterprise Value (EV): $22,929,015,410
Enterprise Value to Revenue (EV/R): 17.14
Price to Sales (P/S): 13.25
Price to Book (P/B): 2.41
Peg Ratio: -1.20
P/E Ratio: 145.39
P/E High: 152.62
P/E Low: 103.85
Forward P/E Ratio: 59.42
Market Capitalization: $17,722,890,410
Beta: 0.57
Latest Volume: 641,740.00
Avg. Total Volume: 624,116
Avg. 10 Volume: 743,465.00
Avg. 30 Volume: 624,115.60
TTM EPS: 1.06
TTM Dividend Rate: 3.94
Shares Outstanding: 115,151,000
Float: 113,665,091.50
50-Day Moving Avg.: 154.45
200-Day Moving Avg.: 145.34

Latest REIT Community Comments on #ARE


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Properties Owned by ARE


Properties owned:
60
Types:
1
States:
6
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
ARE Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by ARE, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 452,970,000 238,225,000 315,805,000 272,130,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 1,330,644,000 1,392,054,000 1,291,803,000 1,132,377,000
Property, Plant & Equipment Net 473,627,000 408,850,000 366,525,000 95,811,000
Goodwill 0 0 0 0
Intangible Assets 186,845,000 158,569,000 157,194,000 150,340,000
Other Assets 944,940,000 919,708,000 889,037,000 851,130,000
Net Tangible Assets 7,790,232,000 7,629,020,000 7,566,577,000 7,095,436,000
Total Assets 17,058,154,000 16,039,470,000 15,480,206,000 14,464,956,000
Accounts Payable 0 0 0 0
Liabilities (Other) 1,072,082,000 1,013,578,000 1,027,310,000 1,081,644,000
Current Liabilities (Other) 115,575,000 114,379,000 110,412,000 110,280,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 1,602,000 3,179,000 4,715,000 8,601,000
Long-term Debt 7,002,821,000 6,588,729,000 6,071,530,000 5,469,654,000
Total Liabilities 8,094,534,000 7,628,001,000 7,125,292,000 6,570,242,000
Minority Interest 11,199,000 8,412,000 7,659,000 6,053,000
Common Stock 113,172,924 1,120,000 1,112,000 1,110,000
Retained Earnings 0 0 0 0
Treasury Stock 0 0 0 0
Capital Surplus 7,743,188,000 7,581,573,000 7,518,716,000 7,286,954,000
Shareholder Equity 7,790,232,000 7,629,020,000 7,566,577,000 7,341,965,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 391,715,000 376,358,000 361,115,000 344,732,000
Cost of Revenue 246,246,000 232,072,000 228,440,000 217,322,000
Gross Profit 145,469,000 144,286,000 132,675,000 127,410,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 274,176,000 258,506,000 253,117,000 239,707,000
Operating Income 47,496,000 128,910,000 180,204,000 10,175,000
Income Expense Net (Other) -83,499,000 -41,731,000 -43,386,000 -28,806,000
EBIT 47,496,000 128,910,000 180,204,000 10,175,000
Interest Income 46,241,000 42,993,000 37,171,000 38,539,000
Pretax Income -36,003,000 87,179,000 136,818,000 -18,631,000
Income Tax 0 0 0 0
Minority Interest 11,199,000 8,412,000 7,659,000 6,053,000
Net Income -48,600,000 77,335,000 127,204,000 -26,345,000
Net Income Basic -49,773,000 76,330,000 123,598,000 -31,740,000

Cash Flow

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Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income -48,600,000 77,335,000 127,204,000 -26,345,000
Depreciation 129,796,000 126,383,000 126,939,000 119,640,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 214,745,000 -77,580,000 43,675,000 38,250,000
Cash Flow 197,226,000 171,110,000 137,230,000 156,251,000
Capital Expenditures 0 0 0 0
Investments -334,909,000 -707,824,000 -294,162,000 -380,673,000
Investing Activity (Other) 9,000,000 -9,000,000 0 -2,000,000
Total Investing Cash Flows -324,010,000 -716,824,000 -294,162,000 -385,173,000
Dividends Paid -114,550,000 -110,578,000 -110,468,000 -101,302,000
Net Borrowings 341,648,000 511,894,000 329,641,000 -206,959,000
Cash Flow Financing 341,835,000 467,832,000 200,135,000 268,189,000
Financing Cash Flows (Other) -35,356,000 -18,878,000 -9,798,000 -6,343,000
Exchange Rate Effect -306,000 302,000 472,000 -1,017,000

About Alexandria Real Estate Equities, Inc.


Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® company, is an urban office REIT uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018. The asset base in North America includes 21.5 million RSF of operating properties and 3.5 million RSF of development and redevelopment of new Class A properties currently undergoing construction and pre-construction activities with target delivery dates ranging from 2018 through 2020. Additionally, the asset base in North America includes 7.0 million SF of intermediate-term and 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 Park. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science and technology campuses that provide its 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 and technology companies through its 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.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.3
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.0
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8.7 Overall REITRating™ Score 6.7

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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