Alexandria Real Estate Equities, Inc. | REIT Profile

Symbol: ARE
CIK: 1035443
Exchange: NYSE
Founded: 1993 (29 years)
HQ: Pasadena, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Office

See ARE on Google Finance
See ARE on Yahoo Finance
See ARE on SEC.gov

Website Logo  Linkedin Logo  RSS Logo 

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.


Alexandria Real Estate Equities, Inc. Company Logo

Stock Chart

See in Advanced Graph View

REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$144.71 $146.56 $141.86 $143.07 $144.54 $144.54 951,857 $0.17 0.12% $23,619,262,743 54.40 $221.85 $128.94 -34.15%

Last update: 2022-06-30 12:57:06 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 8.7

Hightlights of Trading Day June 30, 2022


Open Price: $143.07
Closing Price: $145.03
Price Change: 0.49 (0.339%)
Lowest Price: $141.86
Highest Price: $146.56
52-Week Low: $128.94
52-Week High: $221.85
52-Week Change: -18.55%
5 Day Price Change: 9.25%
1 Month Price Change: -13.56%
3 Month Price Change: -27.67%
6 Month Price Change: -34.11%
YTD Price Change: -34.27%
1 Year Price Change: -19.03%
2 Year Price Change: -5.96%
5 Year Price Change: 39.21%

Dividend of Trading Day June 30, 2022


Dividend Yield: 3.172%*
Annualized Dividend: $4.6*
Dividend Yield (TTM): 3.15%
Annualized Dividend (TTM): $4.5536
Ex-Dividend Date: 2022-06-29
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. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Alexandria Real Estate Equities, Inc.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for ARE.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q1 AFFO $--- $--- ---%
2022 Q1 FFO $--- $--- ---%
2021 Q4 FFO $--- $--- ---%
2021 Q4 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day June 30, 2022


Total Cash: $775,060,000
Current Debt: $1,388,062,000
Revenue: $2,249,366,000
Gross Profit: $1,582,371,000
Total Revenue: $2,249,366,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,432,913,000
Revenue Per Share: $14
Revenue Per Employee: $5,123,841
Employee: 470
Debt to Equity Ratio (D/E): 1.94
Profit Margin: 0.18%
Enterprise Value (EV): $33,119,702,700
Enterprise Value to Revenue (EV/R): 14.72
Price to Sales (P/S): 10.49
Price to Book (P/B): 1.39
Price/Earnings-to-Growth (PEG) Ratio: -1.08
P/E Ratio: 54.52
P/E High: 38.94
P/E Low: 24.86
Forward P/E Ratio: 93.66
Market Capitalization: $23,671,492,472
Beta: N/A
Latest Volume: 1,357,168
Avg. Total Volume: 1,383,309
Avg. 10-Day Volume: 1,547,499
Avg. 30-Day Volume: 1,383,309
TTM EPS: 2.66
Shares Outstanding: 163,217,903
Float: N/A
50-Day Moving Avg.: $151.47
200-Day Moving Avg.: $184.16

Latest REIT Community Comments on #ARE


See more community comments related to ARE

Properties Owned by ARE


ARE Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $159.01 per share you would have been able to buy 6 shares of ARE on 2021-07-01 costing $954.06 @ $159.01 per share you would have been able to buy 3 shares of ARE on 2021-07-01 costing $477.03 @ $159.01 per share you would have been able to buy 1 shares of ARE on 2021-07-01 costing $159.01 @ $159.01 per share you would have been able to buy 0 shares of ARE on 2021-07-01 costing $0.00 @ $159.01 per share you would have been able to buy 0 shares of ARE on 2021-07-01 costing $0.00
Current worth On 2022-06-30 these 6 shares would be worth $870.18 @ $145.03 On 2022-06-30 these 3 shares would be worth $435.09 @ $145.03 On 2022-06-30 these 1 shares would be worth $145.03 @ $145.03 On 2022-06-30 these 0 shares would be worth $0.00 @ $145.03 On 2022-06-30 these 0 shares would be worth $0.00 @ $145.03
Dividends earned $27.24 in dividends would have been earned since 2021-07-01 with 6 shares. $14 in dividends would have been earned since 2021-07-01 with 3 shares. $4.54 in dividends would have been earned since 2021-07-01 with 1 shares. $0.00 in dividends would have been earned since 2021-07-01 with 0 shares. $0.00 in dividends would have been earned since 2021-07-01 with 3 shares.
Net (gain / loss)* -56.64 USD -28.32 USD -9.44 USD 0.00 USD 0.00 USD
ROI** -5.94% -5.94% -5.94% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by ARE. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
ARE 2022-03-30 1.150 --- 2022-03-01 2022-03-31 2022-04-15
ARE 2021-12-30 1.150 2.68% 2021-12-06 2021-12-31 2022-01-14
ARE 2021-09-29 1.120 --- 2021-09-07 2021-09-30 2021-10-15
ARE 2021-06-29 1.120 2.75% 2021-06-01 2021-06-30 2021-07-15
ARE 2021-03-30 1.090 --- 2021-03-01 2021-03-31 2021-04-15
ARE 2020-12-30 1.090 2.83% 2020-12-07 2020-12-31 2021-01-15
ARE 2020-09-29 1.060 --- 2020-09-01 2020-09-30 2020-10-15
ARE 2020-06-29 1.060 2.91% 2020-06-01 2020-06-30 2020-07-15
ARE 2020-03-30 1.030 --- 2020-03-02 2020-03-31 2020-04-15
ARE 2019-12-30 1.030 3.00% 2019-12-05 2019-12-31 2020-01-15
ARE 2019-09-27 1.000 --- 2019-09-04 2019-09-30 2019-10-15
ARE 2019-06-27 1.000 3.09% 2019-06-03 2019-06-28 2019-07-15
ARE 2019-03-28 0.970 --- 2019-03-04 2019-03-29 2019-04-15
ARE 2018-12-28 0.970 4.30% 2018-12-03 2018-12-31 2019-01-15
ARE 2018-09-27 0.930 --- 2018-09-04 2018-09-28 2018-10-15
ARE 2018-06-28 0.930 3.33% 2018-06-04 2018-06-29 2018-07-16
ARE 2018-03-28 0.900 --- 2018-03-05 2018-03-29 2018-04-16
ARE 2017-12-28 0.900 4.65% 2017-12-04 2017-12-29 2018-01-15
ARE 2017-09-28 0.860 --- 2017-09-06 2017-09-29 2017-10-16
ARE 2017-06-28 0.860 3.61% 2017-06-05 2017-06-30 2017-07-17

Financial Statements Overview


The next Earnings Report for ARE is 2022-07-25

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Current Cash 775,060,000 2,237,912,000 325,872,000 323,876,000
Receivables 21,687,000 20,467,000 19,773,000 13,900,000
Inventory 0 0 0 0
Current Assets 914,800,000 2,459,262,000 538,398,000 508,379,000
Current Assets (Other) 118,053,000 200,883,000 192,753,000 170,603,000
Short Term Investments 118,053,000 200,883,000 192,753,000 170,603,000
Long-term Investments 31,929,456,000 27,760,111,000 28,020,320,000 26,510,471,000
Property, Plant & Equipment Net 27,276,436,000 25,158,473,000 23,251,067,000 21,874,784,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 2,256,170,000 1,996,040,000 1,923,111,000 1,844,805,000
Net Tangible Assets 16,929,981,000 16,189,542,000 14,723,238,000 14,191,022,000
Total Assets 32,844,256,000 30,219,373,000 28,558,718,000 27,018,850,000
Accounts Payable 0 0 0 0
Liabilities (Other) 566,513,000 935,325,000 508,758,000 498,141,000
Current Liabilities (Other) 1,388,062,000 1,024,187,000 1,442,714,000 1,125,988,000
Total Current Liabilities 1,388,062,000 1,024,187,000 1,442,714,000 1,125,988,000
Current Long-term Debt 0 0 0 0
Long-term Debt 10,303,247,000 8,791,866,000 9,263,587,000 8,840,999,000
Total Liabilities 15,914,275,000 14,029,831,000 13,835,480,000 12,827,828,000
Minority Interest 3,250,635,000 2,843,708,000 2,248,883,000 1,990,795,000
Common Stock 158,198,000 153,686,000 150,854,000 145,825,000
Retained Earnings 0 0 0 0
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 16,929,981,000 16,189,542,000 14,723,238,000 14,191,022,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Total Revenue 615,065,000 576,923,000 547,759,000 509,619,000
Cost of Revenue 181,328,000 623,555,000 0 0
Gross Profit 433,737,000 -46,632,000 547,759,000 509,619,000
Research and Development 0 0 0 0
Selling General and Admin 40,931,000 41,654,000 37,931,000 37,880,000
Operating Expense 462,918,000 465,862,000 411,677,000 369,278,000
Operating Income 152,147,000 111,061,000 136,082,000 140,341,000
Income Expense Net (Other) 0 0 0 0
EBIT 152,367,000 123,316,000 136,082,000 140,341,000
Interest Income 29,440,000 34,862,000 35,678,000 35,158,000
Pretax Income -117,392,000 99,796,000 124,433,000 404,520,000
Income Tax 0 0 0 0
Minority Interest 32,177,000 24,901,000 21,286,000 19,436,000
Net Income -151,650,000 75,465,000 101,264,000 380,563,000
Net Income Basic -151,650,000 75,465,000 101,264,000 380,563,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Net Income -151,650,000 75,465,000 101,264,000 380,563,000
Depreciation 240,659,000 239,254,000 210,842,000 190,052,000
Changes in Receivables 21,687,000 20,467,000 19,773,000 13,900,000
Changes in Inventories 0 0 0 0
Cash Change 775,060,000 2,237,912,000 325,872,000 323,876,000
Cash Flow 191,086,000 249,560,000 308,823,000 239,761,000
Capital Expenditures -666,364,000 -547,639,000 -540,227,000 -536,572,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -2,488,798,000 -1,673,931,000 -1,296,936,000 -1,698,577,000
Dividends Paid 0 0 0 0
Net Borrowings 9,410,134,000 6,353,071,000 8,744,962,000 8,346,520,000
Cash Flow Financing 2,752,570,000 1,473,598,000 998,681,000 1,281,828,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
6 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.2
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.8
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.4
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.5
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.9
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.5
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
Rating Market Cap Section Avg. Rating
3 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 3.8
8.7 Overall REITRating™ Score (See trend) 6.1

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.

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
Retail Opportunity Investments Corp. (ROIC) 6.8 NASDAQ Small-Cap Retail United States
Vornado Realty Trust (VNO) 7.0 NYSE Mid-Cap Diversified Residential Office United States
Physicians Realty Trust (DOC) 7.7 NYSE Mid-Cap Health Care United States

Last updated: 2022-07-01 - v3.4