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.
Stock data | 2023 | Change |
---|---|---|
Price | $123.46 | N/A |
Market Cap | $21.10B | N/A |
Shares Outstanding | 170.91M | 5.72% |
Employees | 593.00 | N/A |
Shareholder Equity | 22.62B | -0.27% |
Valuation | 2023 | Change |
---|---|---|
P/E Ratio | 228.63 | N/A |
P/S Ratio | 7.31 | N/A |
P/B Ratio | 0.93 | N/A |
P/FCF | 12.94 | N/A |
Dividends | 2023 | Change |
---|---|---|
Dividend Yield | 4.02% | N/A |
Dividend per share | 4.9587 | N/A |
Dividend Payout Ratio | 3.0160 | N/A |
Growth | 2023 | Change |
---|---|---|
ROIC | 0.0360 | N/A |
WACC | 0.0033 | N/A |
Return on Equity | 0.0124 | N/A |
Earnings | 2023 | Change |
---|---|---|
Revenue | $2.89B | N/A |
Earnings | $280.99M | N/A |
Free Cash Flow | $1.63B | N/A |
EPS | 0.54 | N/A |
Earnings Yield | 0.0044 | N/A |
Gross Margin | 0.7023 | N/A |
Operating Margin | 0.2543 | N/A |
Net income margin | 0.0974 | N/A |
FCF Margin | 0.565 | N/A |
Financial Strength | 2023 | Change |
---|---|---|
Total Assets | $36.77B | N/A |
Total Debt | $11.70B | N/A |
Cash on Hand | $618.19M | N/A |
Debt to Equity | 0.6254 | 10.48% |
Cash to Debt | 0.0528 | N/A |
Current Ratio | 0.3907 | -32.89% |