Last $76.48 USD
Change Today +0.24 / 0.31%
Volume 319.8K
ARE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:39 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

alexandria real estate equit (ARE) Snapshot

Open
$76.08
Previous Close
$76.24
Day High
$76.69
Day Low
$75.92
52 Week High
08/21/14 - $80.65
52 Week Low
12/13/13 - $61.08
Market Cap
5.5B
Average Volume 10 Days
476.7K
EPS TTM
$1.73
Shares Outstanding
71.7M
EX-Date
09/26/14
P/E TM
44.3x
Dividend
$2.88
Dividend Yield
3.63%
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 Quarterly Common and Preferred Stock Dividend, Payable on October 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 third quarter of 2014. The dividend is payable on October 15, 2014, to shareholders of record on September 30, 2014. The company announced that its Board of Directors declared a quarterly cash dividend of 43.75 cents per share for the third quarter of 2014 for its 7.00% Series D Cumulative Convertible Preferred Stock. The dividend is payable on October 15, 2014, to preferred shareholders of record on September 30, 2014. The company also announced that its Board of Directors declared a quarterly cash dividend of 40.3125 cents per share for the third quarter of 2014 for its 6.45% Series E Cumulative Redeemable Preferred Stock. The dividend is payable on October 15, 2014, to preferred shareholders of record on September 30, 2014.

Alexandria Real Estate Equities, Inc. and Uber Technologies, Inc. Enter into Joint Venture Agreement to Acquire and Develop Key Parcels in Mission Bay

Alexandria Real Estate Equities, Inc. announced a strategic partnership with Uber Technologies, Inc., including the acquisition of two key parcels in the Mission Bay submarket of San Francisco, located at 1455 and 1515 Third Street, as well as approximately 425 existing parking spaces, plans, permits and piles, in the heart of this world-class science and technology cluster. These key parcels, which Alexandria had previously sold to salesforce.com in 2010, will support a total of approximately 422,980-rentable-square-feet (RSF) of new, ground-up, Class A facilities. Alexandria and Uber's strategic partnership will bring best-in-class partners together in a collaborative joint venture (owned 51% by Alexandria and 49% by Uber) to develop the approximately 422,980 RSF for Uber as it expands its corporate headquarters in San Francisco in conjunction with a 15-year lease for the entire project. This joint venture affirms the cluster's position as a first-class destination at the cross-section of science and technology, as well as Alexandria's long-standing reputation as the leading provider of high-quality urban campuses for the world's most innovative companies.

Alexandria Real Estate Equities of Gaithersburg Names Joel S. Marcus as Chairman, Chief Executive and Founder

Alexandria Real Estate Equities of Gaithersburg appointed Joel S. Marcus as chairman, chief executive and founder.

 

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ARE

Industry Average

Valuation ARE Industry Range
Price/Earnings 44.4x
Price/Sales 8.0x
Price/Book 1.5x
Price/Cash Flow 15.5x
TEV/Sales 2.4x
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