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Alexandria Real Estate Equities Inc

Real Estate US ARE

118.17USD
1.38(1.18%)

Last update at 2024-05-02T20:10:00Z

Day Range

116.17118.36
LowHigh

52 Week Range

90.73166.95
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 670.70M 654.28M 827.17M 404.05M 402.79M
Minority interest 149.04M 83.03M 56.21M 40.88M 23.48M
Net income 521.66M 571.25M 770.96M 363.17M 379.31M
Selling general administrative 177.28M 151.46M 133.34M 108.82M 90.41M
Selling and marketing expenses - - - - -
Gross profit 1805.81M 1490.60M 1355.41M 1085.80M 946.34M
Reconciled depreciation 927.80M 821.06M 698.10M 544.61M 477.66M
Ebit 627.03M 530.33M 532.12M 442.50M 422.25M
Ebitda 1629.18M 1351.39M 1230.22M 987.12M 899.91M
Depreciation and amortization 1002.15M 821.06M 698.10M 544.61M 477.66M
Non operating income net other 535.25M - -52.52000M 47.57M 1.12M
Operating income 627.03M 530.33M 532.12M 442.50M 422.25M
Other operating expenses 1962.58M 1596.08M 1361.67M 1098.93M 949.19M
Interest expense 94.20M 142.16M 171.61M 173.68M 157.50M
Tax provision - - - - -
Interest income 425.32M 129.57M 257.86M 31.11M 23.25M
Net interest income -94.20300M -142.16500M -171.60900M -173.67500M -157.49500M
Extraordinary items - - - - -
Non recurring 64.97M - 48.08M -12.33400M -6.31100M
Other items - - - - -
Income tax expense 94.20M 237.46M 235.97M 224.69M -114.55300M
Total revenue 2588.96M 2114.15M 1885.64M 1531.30M 1327.46M
Total operating expenses 1179.42M 972.52M 831.45M 653.43M 568.07M
Cost of revenue 783.15M 623.55M 530.22M 445.49M 381.12M
Total other income expense net 43.67M 123.95M 295.06M -38.45800M -19.46100M
Discontinued operations - - - - -
Net income from continuing ops -1586.50300M 654.28M -1633.87600M 1332.51M 1114.11M
Net income applicable to common shares 521.66M 563.40M 760.79M 351.00M 363.98M
Preferred stock and other adjustments - - - 3.20M 5.06M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 35523.40M 30219.37M 22827.88M 18390.50M 14464.96M
Intangible assets 615.64M 609.87M 462.32M 281.65M 150.34M
Earning assets - - - - -
Other current assets 81.88M 254.76M 110.70M 95.36M 64.61M
Total liab 12840.15M 11186.12M 9384.10M 8224.02M 6570.24M
Total stockholder equity 18972.39M 16189.54M 11725.71M 8865.83M 7341.97M
Deferred long term liab 548.02M 402.90M 272.67M 283.11M 255.13M
Other current liab -240.49100M -143.07700M -125.76900M -149.58500M -140.64300M
Common stock 1.71M 1.58M 1.37M 1.21M 1.11M
Capital stock 1.71M 1.58M 1.37M 1.21M 65.45M
Retained earnings 2506.62M 1227.21M - - -
Other liab 1674.82M 1262.25M 1039.06M 849.47M 765.40M
Good will - - - - -
Other assets 32209.87M 31586.59M 22259.35M 520.12M 393.03M
Cash 825.19M 361.35M 568.53M 189.68M 234.18M
Cash and equivalents 825.19M 361.35M 568.53M 189.68M 234.18M
Total current liabilities 2680.39M 2664.25M 1920.81M 1830.55M 1299.99M
Current deferred revenue 449.62M 326.92M 276.75M 275.86M 250.92M
Net debt 9334.57M 8430.52M 6994.75M 6587.80M 5244.07M
Short term debt 0.00000M 269.99M 99.99M 384.00M 208.00M
Short long term debt - 269.99M 99.99M 4.80M 4.61M
Short long term debt total 10159.76M 8791.87M 7563.29M 6777.48M 5478.26M
Other stockholder equity 16484.88M 16195.26M 11730.97M 8874.37M 7286.95M
Property plant equipment 29945.44M 24980.67M 18092.37M 14844.04M 11913.69M
Total current assets 865.59M 422.61M 605.04M 253.38M 281.93M
Long term investments 38.44M 1915.05M 332.35M 346.89M 237.51M
Net tangible assets 18982.00M 16189.54M 11737.05M 8878.13M 7288.41M
Short term investments 1615.07M 24980.67M - - -
Net receivables 7.61M 7.38M 7.33M 10.69M 9.80M
Long term debt 10159.76M 8521.88M 7463.30M 6393.48M 5270.26M
Inventory -49.09900M -200.88300M - - 39.15M
Accounts payable 2471.26M 2210.41M 1669.83M 1320.27M 981.71M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 3701.25M - 1706.72M 1288.35M 541.96M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -20.81200M -7.29400M -6.62500M -9.74900M -10.43500M
Additional paid in capital - - - - -
Common stock total equity 1.71M - 1.37M 1.21M 1.11M
Preferred stock total equity - - - - 64.34M
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 31658.69M 26619.74M 19296.39M 15905.96M 12824.54M
Deferred long term asset charges - - - - -
Non current assets total 34657.81M 29796.77M 22222.84M 18137.12M 14183.03M
Capital lease obligations 406.70M 434.75M 633.83M 466.58M 134.81M
Long term debt total 10159.76M 8791.87M 7463.30M 6393.48M 5270.26M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 110.39M 388.30M -9.31700M 18.11M 2.00M
Change to liabilities 77.85M 60.93M -1.12200M 39.01M 21.91M
Total cashflows from investing activities -5080.45800M -7107.32400M -3278.16100M -3641.32000M -2161.76000M
Net borrowings 1536.49M 1255.74M 742.85M 306.20M 17.78M
Total cash from financing activities 4229.77M 5916.36M 2750.36M 2927.48M 1588.43M
Change to operating activities -200.28200M -156.15100M -72.06400M -75.28000M -77.93700M
Net income 670.70M 654.28M 827.17M 404.05M 402.79M
Change in cash 442.75M -182.47800M 355.02M -29.44100M -5.05600M
Begin period cash flow 415.23M 597.71M 242.69M 272.13M 277.19M
End period cash flow 857.98M 415.23M 597.71M 242.69M 272.13M
Total cash from operating activities 1294.32M 1010.20M 882.51M 683.86M 570.34M
Issuance of capital stock 2346.44M 3529.10M 2315.86M 1216.44M 1293.30M
Depreciation 927.80M 821.06M 698.10M 544.61M 477.66M
Other cashflows from investing activities 994.33M -161.69600M 747.02M 6.62M 20.19M
Dividends paid -757.74200M -655.96800M -532.98000M -451.17000M 385.84M
Change to inventory - -24.59100M -10.99700M -20.82500M -20.84900M
Change to account receivables -0.27300M -0.04400M 2.80M -0.89700M 0.43M
Sale purchase of stock 3696.62M 36226.02M 27937.05M -9.24000M -13.97600M
Other cashflows from financing activities 18932.81M 1787.49M 170.79M 10890.65M 5634.84M
Change to netincome 342.51M -243.50600M -367.98900M -47.57000M -1.12200M
Capital expenditures 6185.17M 7333.93M 3268.84M 3477.70M 1944.16M
Change receivables -0.27300M - 2.80M 0.90M -0.43500M
Cash flows other operating -738.20000M - -226.15300M 54.45M 57.09M
Exchange rate changes - - 0.31M 0.54M -2.06800M
Cash and cash equivalents changes 443.63M - 355.02M -29.44100M -5.05600M
Change in working capital -122.70500M -95.26600M -70.38200M -37.16500M -55.59300M
Stock based compensation 57.74M 48.67M 43.50M 43.64M 35.02M
Other non cash items -239.21500M -160.52500M -146.98100M -128.72000M -107.95600M
Free cash flow 1294.32M -6323.72800M -2386.33400M 683.86M -1373.81900M

Fundamentals

  • Previous Close 116.79
  • Market Cap22441.30M
  • Volume815173
  • P/E Ratio93.58
  • Dividend Yield3.93%
  • EBITDA1685.92M
  • Revenue TTM2799.55M
  • Revenue Per Share TTM16.52
  • Gross Profit TTM 1806.45M
  • Diluted EPS TTM1.38

Peer Comparison

Sector: Real Estate Industry: REIT - Office

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ARE
Alexandria Real Estate Equities Inc
1.38 1.18% 118.17 93.58 16.69 7.85 1.18 11.89 21.29
BXP
Boston Properties Inc
0.82 1.38% 60.07 57.62 29.59 3.74 1.92 7.97 15.55
GECFF
Gecina SA
- -% 105.00 - 18.42 11.51 0.70 19.50 -18.1681
VNO
Vornado Realty Trust
0.60 2.35% 26.18 - 1250.00 4.65 1.23 8.18 33.48
DEXSF
DEXUS
-0.271 5.75% 4.44 - 11.92 6.58 0.64 10.97 -15.7705

Reports Covered

Stock Research & News

Profile

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. The trusted partner to over 800 tenants, Alexandria has a total market capitalization of $28.3 billion and an asset base in North America of 75.1 million SF as of September 30, 2023, which includes 41.5 million RSF of operating properties and 5.6 million RSF of Class A/A+ properties undergoing construction, 8.9 million RSF of near-term and intermediate-term development and redevelopment projects, and 19.1 million SF of future development projects. Alexandria has a longstanding and proven track record of developing Class A/A+ properties clustered in life science, agtech, and advanced technology mega 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, agrifoodtech, climate innovation, and technology 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.

Alexandria Real Estate Equities Inc

26 North Euclid Avenue, Pasadena, CA, United States, 91101

Key Executives

Name Title Year Born
Mr. Joel S. Marcus CPA, J.D. Founder & Exec. Chairman 1947
Mr. Peter M. Moglia CEO & Co-Chief Investment Officer 1967
Mr. Dean A. Shigenaga CPA Pres & CFO 1967
Mr. Daniel J. Ryan Co-Chief Investment Officer & Regional Market Director of San Diego 1966
Mr. John H. Cunningham Exec. VP & Regional Market Director of New York City 1961
Mr. Hunter L. Kass Exec. VP & Regional Market Director at Greater Boston 1983
Mr. Lawrence J. Diamond Co-COO & Regional Market Director of Maryland 1958
Mr. Joseph Hakman Co-COO & Chief Strategic Transactions Officer 1971
Mr. Andres R. Gavinet CPA, CPA Chief Accounting Officer 1969
Dr. Monica Rivera Beam Ph.D. Sr. VP of Science & Technology 1984

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