Alexandria Real Estate Equities, Inc. is an urban office real estate investment trust, which engages in the ownership, operation, development, and redevelopment of life science and technology properties. It also provides a space for lease to the life science and technology industries which are primarily located in AAA urban innovation cluster locations. The company was founded by Alan D. Gold, Gary A. Kreitzer, Joel S. Marcus, and Jerry M. Sudarsky in October 1994 and is headquartered in Pasadena, CA.
Highlights
The company's net income has surged by 60% QoQ
The P/E is 34% less than the 5-year quarterly average of 80.0 and 33% less than the last 4 quarters average of 78.8
The EPS has surged by 53% since the previous quarter but it has declined by 4.9% year-on-year
The debt has grown by 18% YoY and by 3% from the previous quarter
Key stats
What are the main financial stats of ARE
Market
Shares outstanding
126.11M
Market cap
$21.99B
Enterprise value
$29.27B
Valuations
Price to earnings (P/E)
52.84
Price to book (P/B)
2.33
Price to sales (P/S)
13.13
EV/EBIT
49.95
EV/EBITDA
24.28
EV/Sales
17.47
Earnings
Revenue
$1.68B
EBIT
$586.11M
EBITDA
$1.21B
Free cash flow
-$2.84B
Per share
EPS
$3.3
Free cash flow per share
-$22.52
Book value per share
$74.74
Revenue per share
$13.28
TBVPS
$159.03
Balance sheet
Total assets
$20.07B
Total liabilities
$9B
Debt
$7.52B
Equity
$9.43B
Working capital
N/A
Liquidity
Debt to equity
0.8
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
6.04
Margins
EBITDA margin
72%
Gross margin
70.7%
Net margin
24.1%
Operating margin
24.8%
Efficiency
Return on assets
2.1%
Return on equity
4.5%
Return on invested capital
2.3%
Return on capital employed
N/A
Return on sales
35%
Dividend
Dividend yield
2.35%
DPS
$4.09
Payout ratio
123.9%
ARE stock price
How has the Alexandria Real Estate Equities stock price performed over time
Financial performance
How have Alexandria Real Estate Equities's revenue and profit performed over time
Revenue
$1.68B
Gross profit
$1.18B
Operating income
$415.54M
Net income
$403.66M
Gross margin
70.7%
Net margin
24.1%
The company's net income has surged by 60% QoQ
The net margin has soared by 54% from the previous quarter but it has contracted by 14% YoY
The revenue is up by 18% year-on-year and by 3.9% since the previous quarter
The gross profit has increased by 17% year-on-year and by 3.9% since the previous quarter
Valuation
What is Alexandria Real Estate Equities stock price valuation
P/E
52.84
P/B
2.33
P/S
13.13
EV/EBIT
49.95
EV/EBITDA
24.28
EV/Sales
17.47
The EPS has surged by 53% since the previous quarter but it has declined by 4.9% year-on-year
The P/E is 34% less than the 5-year quarterly average of 80.0 and 33% less than the last 4 quarters average of 78.8
The equity has increased by 24% year-on-year
The price to book (P/B) is 17% higher than the 5-year quarterly average of 2.0 and 11% higher than the last 4 quarters average of 2.1
The stock's price to sales (P/S) is 29% more than its 5-year quarterly average of 10.2 and 12% more than its last 4 quarters average of 11.7
The revenue is up by 18% year-on-year and by 3.9% since the previous quarter
Efficiency
How efficient is Alexandria Real Estate Equities business performance
ARE's ROE has soared by 55% QoQ but it is down by 14% YoY
The company's return on assets has surged by 50% QoQ but it fell by 16% YoY
The return on sales has increased by 30% since the previous quarter but it has declined by 12% year-on-year
ARE's ROIC is up by 28% since the previous quarter but it is down by 15% year-on-year
Dividends
What is ARE's dividend history
DPS
$4.09
Dividend yield
2.35%
Payout ratio
123.9%
Recent dividends
Financial health
How did Alexandria Real Estate Equities financials performed over time
ARE's total assets is 123% greater than its total liabilities
The total liabilities has grown by 18% YoY and by 2.4% from the previous quarter
The debt is 20% less than the equity
The debt has grown by 18% YoY and by 3% from the previous quarter
ARE's debt to equity is down by 3.6% year-on-year but it is up by 2.6% since the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.