Last $77.49 USD
Change Today -0.05 / -0.06%
Volume 246.1K
ARE On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

alexandria real estate equit (ARE) Snapshot

Open
$77.52
Previous Close
$77.54
Day High
$77.96
Day Low
$76.94
52 Week High
06/6/14 - $78.69
52 Week Low
09/3/13 - $60.86
Market Cap
5.6B
Average Volume 10 Days
348.2K
EPS TTM
$1.72
Shares Outstanding
71.6M
EX-Date
06/26/14
P/E TM
45.1x
Dividend
$2.88
Dividend Yield
3.59%
Current Stock Chart for ALEXANDRIA REAL ESTATE EQUIT (ARE)

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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 Quarterly Cash Dividend on Common Share, 7.00% Series D Cumulative Convertible Preferred Stock and 6.45% Series E Cumulative Redeemable Preferred Stock for Second Quarter of 2014, Payable on July 15, 2014

Alexandria Real Estate Equities, Inc. announced that its Board of Directors declared a quarterly cash dividend of 72 cents per common share for the second quarter of 2014. The dividend is payable on July 15, 2014, to shareholders of record on June 30, 2014. The company announced that its Board of Directors declared a quarterly cash dividend of 43.75 cents per share for the second quarter of 2014 for its 7.00% Series D Cumulative Convertible Preferred Stock. The dividend is payable on July 15, 2014, to preferred shareholders of record on June 30, 2014. The company also announced that its Board of Directors declared a quarterly cash dividend of 40.3125 cents per share for the second quarter of 2014 for its 6.45% Series E Cumulative Redeemable Preferred Stock. The dividend is payable on July 15, 2014, to preferred shareholders of record on June 30, 2014.

Alexandria Real Estate Equities, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Revises Earnings Guidance for the Year 2014

Alexandria Real Estate Equities, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of USD 176.2 million compared to USD 150.1 million a year ago. Income from continuing operations was USD 40.911 million or USD 0.46 per basic and diluted share compared to USD 29.400 million or USD 0.35 per basic and diluted share a year ago. Net income attributable to company’s common stockholders was USD 32.71 million or USD 0.46 per basic and diluted share compared to USD 22.442 million or USD 0.36 per basic and diluted share a year ago. Negative FFO was USD 1.63 million compared to USD 1.1 million a year ago. AFFO attributable to the company’s stock holders was USD 71.34 million or USD 1.00 per diluted share compared to USD 67.7 million or USD 1.08 per diluted share a year ago. FFO attributable to the company's common stockholders - diluted was USD 83.1 million or USD 1.17 per basic and diluted share against USD 70.042 million or USD 1.11 per basic and diluted share a year ago. Capital expenditures on building improvements were USD 1,780,000 against USD 596,000 a year ago. Tenant improvements and leasing commissions were USD 4,053,000 against USD 882,000 a year ago. The company revised earnings guidance for the year 2014. For the year, the company expects diluted earnings per share attributable to company’s common stockholders – diluted in the range of USD 1.75 to USD 1.85, and FFO per share attributable to company’s common stockholders - diluted in the range of USD 4.70 to USD 4.80. Net cash provided by operating activities are expected to be in the range of USD 100.000 million to USD 120.000 million. Depreciation and amortization expects to be USD 2.97 per share.

Alexandria Real Estate Equities, Inc., Annual General Meeting, May 29, 2014

Alexandria Real Estate Equities, Inc., Annual General Meeting, May 29, 2014., at 11:00 Pacific Daylight. Location: The Langham Huntington Hotel. Agenda: To elect seven directors to serve until the next annual meeting of stockholders of the company and until their successors are duly elected and qualify; to consider and vote upon the amendment and restatement of the 1997 incentive plan; to consider and vote upon, on a non-binding, advisory basis, a resolution to approve the compensation of the company’s named executive officers; to consider and vote upon the ratification of the appointment of Ernst & Young LLP to serve as the company’s independent registered public accountants for the fiscal year ending December 31, 2014; and to transact such other business as may properly come before the 2014 annual meeting or any postponement or adjournment thereof.

 

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ARE

Industry Average

Valuation ARE Industry Range
Price/Earnings 45.6x
Price/Sales 8.4x
Price/Book 1.6x
Price/Cash Flow 16.3x
TEV/Sales 2.7x
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