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

ARENYSE

167.26

USD
-0.53
(-0.32%)
Pre Market
52.60P/E
46Forward P/E
2.39P/E to S&P500
28.951BMarket CAP
2.78%Div Yield
Upcoming Earnings
24 Apr-28 Apr
Shares Short
1/13/23
1.8M
Short % of Float
1.30%
Short % of Shares Outs.
1.10%
% Held by Insiders
0.94%
% Held by Institutions
95.33%
Beta
0.95
PEG Ratio
-4.68
52w. high/low
206.85/126.74
Avg. Daily Volume
0.73M
Return %
Stock
S&P 500
1 year
(11.53)
(8.58)
3 years
(0.23)
23.39
5 years
- -
- -
Scale: |
High
Low
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
130.53
109.04
163.51
110.66
179.79
109.22
224.95
154.37
224.33
126.74
172.65
141.87
Currency: USD
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Revenue per share
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
16.01
Earnings per share
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
(0.05)
FCF per share
(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
8.01
Dividends per share
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
- -
CAPEX per share
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.
56.30
73.40
75.89
69.75
58.27
63.01
56.27
55.85
68.44
78.18
80.20
86.07
104.50
128.38
168.48
140.26
Comm.Shares outs.
30
32
39
48
59
62
68
71
72
76
92
103
112
126
126
162
Avg. annual P/E ratio
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
33.6
44.8
26.0
41.4
(3,213.7)
P/E to S&P500
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.3
1.8
0.7
1.4
(151.6)
Avg. annual div. yield
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.0%
2.8%
2.7%
2.8%
- -
Revenue (m)
317
382
399
418
504
570
621
720
820
898
1,125
1,327
1,531
1,886
2,114
2,589
Operating margin
- -
- -
- -
- -
- -
27.9%
31.3%
31.0%
29.0%
27.0%
27.3%
28.5%
28.2%
27.8%
24.5%
17.9%
Depreciation (m)
95
109
119
127
158
192
191
224
261
313
417
478
545
698
821
1,002
Net profit (m)
94
123
135
135
131
102
136
102
144
(66)
169
379
363
771
571
(8)
Income tax rate
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net profit margin
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%
(0.3)%
Working capital (m)
(423)
(316)
(302)
(500)
(71)
(149)
(164)
(113)
(288)
(150)
(317)
(350)
(456)
(1,026)
(235)
(31)
Long-term debt (m)
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
- -
- -
Equity (m)
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
21,246
22,674
ROIC
- -
- -
- -
- -
- -
2.2%
2.6%
2.2%
2.7%
0.4%
2.2%
3.3%
2.7%
3.7%
2.2%
1.4%
Return on capital
3.5%
3.7%
3.7%
3.1%
2.7%
2.2%
2.5%
2.1%
2.5%
0.4%
2.1%
3.1%
2.5%
3.4%
2.1%
1.3%
Return on equity
5.6%
5.3%
4.6%
4.0%
3.8%
2.6%
3.6%
2.6%
2.9%
(1.1)%
2.3%
4.3%
3.1%
4.8%
2.7%
(0.0)%
Plowback ratio
(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)%
100.0%
Div.&Repurch./FCF
(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)%
- -
Capital Structure
30 Jan · 2023 | Q4
All numbers in millions
Total liabilities
$ 12,840
Total assets
$ 35,523
Long-term debt
$ - -
Cash and equiv.
$ 825
Goodwill
$ - -
Retained earnings
$ 1,219
Common stock
126
Enterprise Value
$ 28,125
Working Capital
Currency: USD, in millions
2021
2022
2022
Cash & Investments
25,342
2,159
2,440
Receivables
91
- -
- -
Inventory
- -
- -
- -
Other
(24,726)
172
464
Current assets
707
2,159
2,440
Acc. Payable
513
2,394
2,471
Debt due
270
- -
- -
Other
950
- -
- -
Current liabilities
1,733
2,394
2,471
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
22.46%
18.27%
17.30%
Cash flow
28.13%
22.89%
17.43%
Earnings
(101.47)%
(4.84)%
(42.31)%
Dividends
- -
- -
- -
Book value
6.72%
27.07%
22.33%
Insider Trading
Type
Shares
Date
Moglia Peter M
InKind
548
01/31/23
Marcus Joel S
InKind
5,608
01/27/23
Moglia Peter M
InKind
11,095
01/27/23
Woronoff Michael A
Award
1,200
01/13/23
Hash Steve
Award
1,192
01/13/23
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
644
660
670
2,589
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
(0.93)
1.68
2.13
(2.94)
(0.05)
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
1.14
- -
- -
- -
1.14
Company Description
Sector:
Real Estate
Industry:
REIT—Office
CEO:
Mr. Peter Moglia
Full-time employees:
593
City:
Pasadena
Address:
26 N Euclid Ave
IPO:
May 28, 1997
Website:
Alexandria Real Estate Equities, Inc. (NYSE:ARE) is an S&P 500 urban office real estate investment trust ("REIT"). The firm 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.