US stock · Real Estate sector · REIT—Office
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Alexandria Real Estate Equities, Inc.

ARENYSE

163.14

USD
+2.86
(+1.78%)
After Hours Market
60.26P/E
49Forward P/E
2.32P/E to S&P500
26.627BMarket CAP
2.83%Div Yield
Upcoming Earnings
25 Jul
Shares Short
5/13/22
5.87M
Short % of Float
4.26%
Short % of Shares Outs.
3.60%
% Held by Insiders
0.88%
% Held by Institutions
101.72%
Beta
0.83
PEG Ratio
735.10
52w. high/low
224.95/156.94
Avg. Daily Volume
0.96M
Return %
Stock
S&P 500
1 year
(10.05)
(6.01)
3 years
10.75
39.24
5 years
36.59
63.25
Scale: |
High
Low
116.23
83.73
116.50
33.12
68.24
30.33
76.19
55.54
85.33
56.10
77.10
64.09
78.43
60.86
91.49
62.93
102.96
82.91
114.67
70.69
134.37
106.89
131.00
109.04
163.51
110.66
179.79
109.22
224.95
154.37
224.33
156.94
Currency: USD
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
Revenue per share
9.78
10.68
12.06
10.34
8.63
8.53
9.17
9.13
10.12
11.46
11.80
12.28
12.89
13.65
14.95
16.76
14.79
Earnings per share
2.92
3.16
3.88
3.49
2.80
2.22
1.64
2.00
1.43
2.02
(0.87)
1.85
3.68
3.24
6.11
4.53
2.79
FCF per share
(33.86)
(25.77)
(9.98)
(6.22)
(10.29)
(8.26)
4.92
4.60
4.70
4.79
5.16
4.92
5.54
6.09
7.00
8.01
6.50
Dividends per share
3.49
3.46
3.98
3.08
2.08
2.31
2.48
2.87
3.21
3.40
3.45
3.51
3.75
4.02
4.23
5.20
4.53
CAPEX per share
38.97
32.02
17.34
11.56
14.82
12.44
8.93
8.25
7.64
9.55
18.88
16.97
18.87
30.99
- -
- -
- -
Book Value per sh.
53.85
50.69
52.76
60.20
60.54
57.13
55.37
57.57
53.79
55.57
64.33
64.99
71.27
79.02
92.98
128.38
101.97
Comm.Shares outs.
25
30
32
39
48
59
62
68
71
72
76
92
103
112
126
126
152
Avg. annual P/E ratio
31.7
31.8
23.4
13.6
24.3
33.1
43.5
34.0
53.6
45.7
(113.4)
64.3
33.7
44.8
26.0
41.4
60.3
P/E to S&P500
1.8
1.8
1.1
0.2
1.2
2.0
2.9
2.0
3.0
2.3
(5.1)
2.7
1.3
1.8
0.7
1.4
2.3
Avg. annual div. yield
3.8%
3.4%
4.4%
6.5%
3.1%
3.1%
3.5%
4.2%
4.2%
3.7%
3.5%
3.0%
3.0%
2.8%
2.7%
2.8%
2.3%
Revenue (m)
245
317
382
399
418
504
570
621
720
820
898
1,125
1,327
1,531
1,886
2,114
2,249
Operating margin
- -
- -
- -
- -
- -
- -
27.9%
31.3%
31.0%
29.0%
27.0%
27.3%
28.5%
28.2%
27.8%
24.5%
24.2%
Depreciation (m)
78
95
109
119
127
158
192
191
224
261
313
417
478
545
698
821
881
Net profit (m)
73
94
123
135
135
131
102
136
102
144
(66)
169
379
363
771
571
414
Income tax rate
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net profit margin
29.9%
29.6%
32.2%
33.7%
32.4%
26.1%
17.9%
21.9%
14.1%
17.6%
(7.3)%
15.0%
28.6%
23.7%
40.9%
27.0%
20.8%
Working capital (m)
(241)
(342)
(423)
(316)
(302)
(500)
(71)
(149)
(164)
(113)
(288)
(150)
(317)
(350)
(456)
(1,026)
(307)
Long-term debt (m)
2,025
2,788
2,967
2,747
2,584
2,779
3,182
3,061
3,679
3,966
4,164
4,765
5,478
6,777
7,809
8,957
10,709
Equity (m)
1,352
1,504
1,670
2,323
2,929
3,374
3,442
3,917
3,828
3,975
4,896
5,950
7,342
8,866
11,726
16,190
16,930
ROIC
- -
- -
- -
- -
- -
- -
2.4%
2.8%
2.3%
3.0%
0.4%
2.7%
4.0%
3.3%
4.7%
2.8%
1.9%
Return on capital
4.1%
4.0%
3.9%
4.0%
3.5%
3.0%
2.3%
2.7%
2.2%
2.9%
0.4%
2.6%
3.9%
3.1%
4.5%
2.6%
1.9%
Return on equity
5.4%
6.2%
7.4%
5.8%
4.6%
3.9%
3.0%
3.5%
2.7%
3.6%
(1.3)%
2.8%
5.2%
4.1%
6.6%
3.5%
2.4%
Plowback ratio
(19.3)%
(9.5)%
(2.6)%
11.7%
25.7%
(3.9)%
(51.1)%
(43.1)%
(124.7)%
(68.6)%
498.7%
(90.3)%
(1.7)%
(24.2)%
30.9%
(14.8)%
(54.5)%
Div.&Repurch./FCF
(10.3)%
(13.4)%
(39.9)%
153.8%
48.6%
64.5%
20.0%
(108.4)%
72.6%
48.1%
- -
(178.8)%
(156.7)%
(110.6)%
(202.0)%
(284.4)%
(211.2)%
Capital Structure
25 Apr · 2022 | Q1
All numbers in millions
Total liabilities
$ 12,664
Total assets
$ 32,844
Long-term debt
$ 10,709
Cash and equiv.
$ 775
Goodwill
$ - -
Retained earnings
$ - -
Common stock
158
Enterprise Value
$ 36,561
Working Capital
Currency: USD, in millions
2019
2020
2021
Cash & Investments
190
569
25,342
Receivables
11
11
91
Inventory
- -
- -
- -
Other
64
490
(24,554)
Current assets
265
690
707
Acc. Payable
199
285
513
Debt due
384
100
270
Other
32
761
950
Current liabilities
615
1,146
1,733
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
12.12%
17.17%
15.79%
Cash flow
14.47%
22.52%
14.57%
Earnings
(25.90)%
51.61%
(27.32)%
Dividends
23.08%
19.51%
17.61%
Book value
38.07%
28.62%
19.39%
Insider Trading
Type
Shares
Date
Ciruzzi Vincent
Award
2,500
05/20/22
Marcus Joel S
Award
2,500
05/20/22
Richardson Stephen
Sale
5,000
05/09/22
Moglia Peter M
InKind
533
04/29/22
Richardson Stephen
InKind
552
04/29/22
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
2020
440
437
545
464
1,886
2021
480
510
548
577
2,114
2022
615
- -
- -
- -
- -
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.15
1.82
0.64
3.50
6.11
2021
0.06
3.05
0.82
0.59
4.53
2022
(0.95)
- -
- -
- -
- -
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
1.00
1.03
1.06
1.13
4.23
2021
1.20
1.27
1.35
1.38
5.20
2022
1.16
- -
- -
- -
- -
Company Description
Sector:
Real Estate
Industry:
REIT—Office
CEO:
Mr. Peter Moglia
Full-time employees:
559
City:
Pasadena
Address:
26 N Euclid Ave
IPO:
May 28, 1997
Website:
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500<sup>®</sup> 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.