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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 9.0   Dividend Section Rating

Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.6
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 7.0
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 5.6
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 6.8
9.0 Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. 6.7

 9.5   Leverage Section Rating

Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.2
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.5
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.2
9 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.2
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
9.5 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.6

 9.0   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
8 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.7
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.4
9.0 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2

 9.2   Overall REITRating™ Score


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.

Stock Chart

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Hightlights of Trading Day September 13, 2019


Open Price: $153.05
Closing Price: $151.52
Price Change: -1.86 (-1.213%)
Lowest Price: $150.95
Highest Price: $154.18

52-Week Low: $109.04
52-Week High: $154.42
52-Week Change: 18.36%

5 Day Price Change: 0.18%
1 Month Price Change: 6.32%
3 Month Price Change: 0.41%
6 Month Price Change: 8.52%
YTD Price Change: 37.72%
1 Year Price Change: 19.81%
2 Year Price Change: 23.67%
5 Year Price Change: 89.74%

Dividend of Trading Day September 13, 2019


Dividend Yield: 2.64%*
Annualized Dividend: $4*
Dividend Yield (TTM): 2.554%
Annualized Dividend (TTM): $3.87
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 September 13, 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): $22,391,220,360
Enterprise Value to Revenue (EV/R): 16.74
Price to Sales (P/S): 12.85
Price to Book (P/B): 2.34
Peg Ratio: 1.30
P/E Ratio: 43.24
P/E High: 44.37
P/E Low: 31.33
Forward P/E Ratio: 50.34
Market Capitalization: $17,185,095,360
Beta: 0.57
Latest Volume: 513,807.00
Avg. Total Volume: 605,304
Avg. 10 Volume: 599,149.80
Avg. 30 Volume: 605,304.00
TTM EPS: 3.50
TTM Dividend Rate: 3.87
Shares Outstanding: 113,418,000
Float: 111,931,430.27
50-Day Moving Avg.: 146.69
200-Day Moving Avg.: 138.35

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)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 238,225,000 315,805,000 272,130,000 233,880,000
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 1,392,054,000 1,291,803,000 1,132,377,000 1,160,050,000
Property, Plant & Equipment Net 408,850,000 366,525,000 95,811,000 84,038,000
Goodwill 0 0 0 0
Intangible Assets 158,569,000 157,194,000 150,340,000 157,658,000
Other Assets 919,708,000 889,037,000 851,130,000 832,083,000
Net Tangible Assets 7,629,020,000 7,566,577,000 7,095,436,000 6,872,783,000
Total Assets 16,039,470,000 15,480,206,000 14,464,956,000 14,105,566,000
Accounts Payable 0 0 0 0
Liabilities (Other) 1,013,578,000 1,027,310,000 1,081,644,000 994,983,000
Current Liabilities (Other) 114,379,000 110,412,000 110,280,000 101,084,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 3,179,000 4,715,000 8,601,000 1,901,000
Long-term Debt 6,588,729,000 6,071,530,000 5,469,654,000 5,682,103,000
Total Liabilities 7,628,001,000 7,125,292,000 6,570,242,000 6,692,182,000
Minority Interest 8,412,000 7,659,000 6,053,000 5,723,000
Common Stock 1,120,000 1,112,000 1,110,000 1,058,000
Retained Earnings 0 0 0 0
Treasury Stock 0 0 0 0
Capital Surplus 7,581,573,000 7,518,716,000 7,286,954,000 6,801,150,000
Shareholder Equity 7,629,020,000 7,566,577,000 7,341,965,000 6,872,783,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 376,358,000 361,115,000 344,732,000 340,186,000
Cost of Revenue 232,072,000 228,440,000 217,322,000 214,139,000
Gross Profit 144,286,000 132,675,000 127,410,000 126,047,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 258,506,000 253,117,000 239,707,000 236,799,000
Operating Income 128,910,000 180,204,000 10,175,000 220,575,000
Income Expense Net (Other) -41,731,000 -43,386,000 -28,806,000 -1,216,000
EBIT 128,910,000 180,204,000 10,175,000 220,575,000
Interest Income 42,993,000 37,171,000 38,539,000 40,812,000
Pretax Income 87,179,000 136,818,000 -18,631,000 219,359,000
Income Tax 0 0 0 0
Minority Interest 8,412,000 7,659,000 6,053,000 5,723,000
Net Income 77,335,000 127,204,000 -26,345,000 210,241,000
Net Income Basic 76,330,000 123,598,000 -31,740,000 208,940,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 77,335,000 127,204,000 -26,345,000 210,241,000
Depreciation 126,383,000 126,939,000 119,640,000 114,380,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -77,580,000 43,675,000 38,250,000 -87,961,000
Cash Flow 171,110,000 137,230,000 156,251,000 224,439,000
Capital Expenditures 0 0 0 0
Investments -707,824,000 -294,162,000 -380,673,000 -559,569,000
Investing Activity (Other) -9,000,000 0 -2,000,000 0
Total Investing Cash Flows -716,824,000 -294,162,000 -385,173,000 -562,569,000
Dividends Paid -110,578,000 -110,468,000 -101,302,000 -98,893,000
Net Borrowings 511,894,000 329,641,000 -206,959,000 58,684,000
Cash Flow Financing 467,832,000 200,135,000 268,189,000 250,047,000
Financing Cash Flows (Other) -18,878,000 -9,798,000 -6,343,000 -6,069,000
Exchange Rate Effect 302,000 472,000 -1,017,000 122,000

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.

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