Last $88.37 USD
Change Today -0.49 / -0.55%
Volume 222.6K
ARE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 12:38 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

alexandria real estate equit (ARE) Snapshot

Open
$88.76
Previous Close
$88.86
Day High
$89.38
Day Low
$88.25
52 Week High
12/9/14 - $91.49
52 Week Low
12/20/13 - $62.49
Market Cap
6.4B
Average Volume 10 Days
425.6K
EPS TTM
$1.76
Shares Outstanding
72.0M
EX-Date
12/29/14
P/E TM
50.3x
Dividend
$2.96
Dividend Yield
3.17%
Current Stock Chart for ALEXANDRIA REAL ESTATE EQUIT (ARE)

alexandria real estate equit (ARE) Related Businessweek News

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alexandria real estate equit (ARE) Details

Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. Its properties consist of buildings containing scientific research and development laboratories, and other improvements. The company offers its properties for lease primarily to universities and independent not-for-profit institutions; and pharmaceutical, biotechnology, medical device, life science product, service, biodefense, and translational research entities, as well as governmental agencies. As of December 31, 2006, it had 159 properties, including 156 properties located in 9 states in the United States and 3 properties located in Canada. As a REIT, the company is not subject to federal income tax to the extent that it distributes 100% of its taxable income to its stockholders. The company was founded in 1993 and is based in Pasadena, California.

215 Employees
Last Reported Date: 03/3/14
Founded in 1993

alexandria real estate equit (ARE) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $895.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $887.0K
Chief Operating Officer and Regional Market D...
Total Annual Compensation: $833.0K
Executive Vice President and Regional Market ...
Total Annual Compensation: $1.0M
Executive Vice President and Regional Market ...
Total Annual Compensation: $785.0K
Compensation as of Fiscal Year 2013.

alexandria real estate equit (ARE) Key Developments

Alexandria Real Estate Equities, Inc. Declares Quarter Dividend, Series D Cumulative Convertible Preferred Stock Dividend and Series E Cumulative Redeemable Preferred Stock for the Fourth Quarter of 2014, Payable on January 15, 2015

Alexandria Real Estate Equities, Inc. announced that its Board of Directors declared a quarterly cash dividend of 74 cents per common share for the fourth quarter of 2014. The dividend is payable on January 15, 2015, to shareholders of record on December 31, 2014. The common stock dividend for the fourth quarter of 2014 of 74 cents per common share represents an increase of 6 cents, or 9% over the fourth quarter of 2013. The common stock dividend for the last four quarters through the period ended December 31, 2014 aggregating $2.88 per common share represents an increase of 27 cents, or 10%, compared to an aggregate of $2.61 per common share for the four quarters through the period ended December 31, 2013. The company announced that its Board of Directors declared a quarterly cash dividend of 43.75 cents per share for the fourth quarter of 2014 for its 7.00% Series D Cumulative Convertible Preferred Stock. The dividend is payable on January 15, 2015, to preferred shareholders of record on December 31, 2014. The company also announced that its Board of Directors declared a quarterly cash dividend of 40.3125 cents per share for the fourth quarter of 2014 for its 6.45% Series E Cumulative Redeemable Preferred Stock. The dividend is payable on January 15, 2015, to preferred shareholders of record on December 31, 2014.

Alexandria Real Estate Equities, Inc. - Analyst/Investor Day

Alexandria Real Estate Equities, Inc. - Analyst/Investor Day

Alexandria Real Estate Equities, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014 and 2015

Alexandria Real Estate Equities, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total revenues were $185.62 million compared with $158.32 million a year ago. Income from continuing operations was $36.12 million or $0.39 per basic and diluted share compared with $32.5 million or $0.35 per basic and diluted share a year ago. Net income attributable to the company's common stockholders was $27.63 million or $0.39 per basic and diluted share compared with $24.6 million or $0.35 per basic and diluted share a year ago. FFO was negative at $2.3 million compared with $1.5 million a year ago. Funds from operations attributable to the company's common stockholders -- diluted, as adjusted were $86.1 million or $1.21 per share compared to $73.6 million or $1.06 per share for the same period a year ago. Diluted FFO attributable to the company's common stockholders was $85.6 million compared with $73.6 million a year ago. Diluted AFFO attributable to the company's common stockholders was $77 million or $1.08 per share compared with $70.21 million or $0.99 per share a year ago. Net operating income $128.2 million, up $17.6 million, or 15.9%, compared to $110.6 million a year ago. One, the deep and broad-based demand in a critical science and technology sectors; two, the significant supply constraints in ARE's highly desirable urban innovation clusters; and three, the rental rate's strength and pricing power in those submarkets. These drivers have contributed to strong core performance again this quarter. For the nine months, the company's total revenues were $538.203 million compared with $462.33 million a year ago. Income from continuing operations was $112.5 million or $1.25 per basic and diluted share compared with $94.212 million or $1.06 per basic and diluted share a year ago. Net income attributable to the company's common stockholders was $88.3 million or $1.24 per basic and diluted share compared with $72.504 million or $1.08 per basic and diluted share a year ago. FFO was negative at $5.6 million compared with $4 million a year ago. Funds from operations attributable to the company's common stockholders -- diluted, as adjusted were $253.7 million or $3.57 per share compared to $216.63 million or $3.23 per share for the same period a year ago. Diluted FFO attributable to the company's common stockholders was $253.142 million compared with $214.7 million a year ago. Diluted AFFO attributable to the company's common stockholders was $220.8 million or $3.10 per share compared with $204.96 million or $3.06 per share a year ago. Net operating income $375.9 million, up $52.7 million, or 16.3%, compared to $323.2 million a year ago. For the year 2014, the company expects diluted earnings per share in the range of $1.65 to $1.67, FFO per diluted share in the range of $4.78 to $4.80, FFO per diluted share, as adjusted in the range of $4.79 to $4.81. Interest expense of $22,000,000 to $23,500,000. Cash provided by operating activities after dividends of $105,000,000 to $120,000,000. The company expects earnings before interest, taxes, depreciation, and amortization to grow significantly in 2015. This growth in EBITDA, plus cash flows from operating activities, after dividends, is expected to allow to borrow additional debt in 2015 on a leverage neutral basis and allocate $500 million to $600 million of capital to fund value-creation development projects.

 

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Industry Analysis

ARE

Industry Average

Valuation ARE Industry Range
Price/Earnings 50.2x
Price/Sales 8.9x
Price/Book 1.8x
Price/Cash Flow 17.4x
TEV/Sales 3.3x
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