Alexandria Real Estate Equities Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 16.02
Dividend & Yield4.84$ (3.39%)
Beta 0.96
Market capitalization 24.9B
Operating cash flow 1.29B
ESG Scores 13.9

Company description

Alexandria Real Estate Equities, Inc. (NYSE:ARE) is an S&P 500 urban office real estate investment trust ("REIT"). The firm is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF"). The asset base in North America includes 31.9 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction, 7.1 million RSF of near-term and intermediate-term development and redevelopment projects, and 7.4 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, technology, and agtech 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, technology, and agtech 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.

Sector: Real Estate - Industry: REIT—Office

Financial Ratios
Quick Ratio2.06
Working Capital0.72
Return On Equity0.04
Debt To Equity0.54
Fixed Asset Ratio0.02
Fixed Interest Cover3.73

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 39.01M -1.12M 60.93M 77.85M
Total Cashflows From Investing Activities -3.64B -3.28B -7.11B -5.08B
Net Borrowings 1.29B 796.68M 1.26B 1.37B
Total Cash From Financing Activities 2.93B 2.75B 5.92B 4.23B
Change To Operating Activities -75.28M -72.06M -156.15M -200.28M
Issuance Of Stock 1.22B 2.32B 3.53B 2.35B
Net Income 363.17M 770.96M 571.25M 521.66M
Change In Cash -29.44M 355.02M -182.48M 442.75M
Effect Of Exchange Rate 540k 311k -1.71M -887k
Total Cash From Operating Activities 683.86M 882.51M 1.01B 1.29B
Depreciation 514.8M 640.86M 766.28M 927.8M
Change To Account Receivables -897k 2.8M -44k -273k
Other Cashflows From Financing Activities 905.95M 192.11M 1.82B 1.31B
Change To Netincome -166.05M -465.87M -241.47M -46.37M
Capital Expenditures

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 404.05M 827.17M 654.28M 670.7M
Net Income 363.17M 770.96M 571.25M 521.66M
Selling General Administrative 108.82M 133.34M 151.46M 177.28M
Gross Profit 1.1B 1.36B 1.5B 1.81B
Ebit 442.5M 532.12M 530.33M 627.03M
Operating Income 442.5M 532.12M 530.33M 627.03M
Interest Expense -173.68M -171.61M -142.16M -94.2M
Income Tax Expense
Total Revenue 1.54B 1.89B 2.13B 2.59B
Cost Of Revenue 445.49M 530.22M 623.55M 783.15M
Total Other Income ExpenseNet -38.46M 295.06M 123.95M 43.67M
Net Income From Continuing Ops 404.05M 827.17M 654.28M 670.7M
Net Income Applicable To Common Shares 351M 760.79M 563.4M 513.27M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 8.22B 9.38B 11.19B 12.84B
Total Stockholder Equity 8.87B 11.73B 16.19B 18.97B
Other Current Liabilities 126.28M 150.98M 183.85M 209.13M
Total Assets 18.39B 22.83B 30.22B 35.52B
Common Stock 1.21M 1.37M 1.58M 1.71M
Other Current Assets 95.36M 110.7M 254.76M 81.88M
Retained Earnings
Treasury Stock -9.75M -6.62M -7.29M -20.81M
Cash 189.68M 568.53M 361.35M 825.19M
Total Current Liabilities 325.27M 436M 697.26M 622.98M
Other Stockholder Equity -9.75M -6.62M -7.29M -20.81M
Property, Plant, and Equipment 15.12B 17.87B 25.63B 30.68B
Total Current Assets 977.93M 1.45B 1.55B 1.92B
Net Tangible Assets 8.58B 11.26B 15.58B 18.36B
Net Receivables 692.89M 771.35M 930.46M 1.01B
Accounts Payable 198.99M 285.02M 513.42M 389.74M


Insider Transactions

Here are the insider transactions of stock shares related to Alexandria Real Estate Equities Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
MARCUS JOEL SSale at price 168.00 per share.D2023-02-07Officer and Director9k
CUNNINGHAM JOHN HSale at price 165.78 per share.D2023-02-07Officer7.8k
BINDA MARC E.Sale at price 167.21 per share.D2023-02-06Officer and Treasurer3.3k
KASS HUNTERSale at price 167.45 per share.D2023-02-06Officer3.8k
LEE ORRAPARN C.Sale at price 167.11 per share.D2023-02-06Officer4.8k
FELDMANN CYNTHIA LStock Award(Grant) at price 0.00 per share.D2023-01-13Director1.12k
KLEIN RICHARD HUNTERStock Award(Grant) at price 0.00 per share.D2023-01-13Director1.12k
FREIRE MARIA CStock Award(Grant) at price 0.00 per share.D2023-01-13Director1.12k
HASH STEVEStock Award(Grant) at price 0.00 per share.D2023-01-13Director1.19k
CAIN JAMES PStock Award(Grant) at price 0.00 per share.D2023-01-13Director1.15k
WORONOFF MICHAEL AStock Award(Grant) at price 0.00 per share.D2023-01-13Director1.2k
GOLDSTEIN JENNIFER FRIELStock Award(Grant) at price 0.00 per share.D2023-01-13Director1.12k
MARCUS JOEL SStock Award(Grant) at price 0.00 per share.D2023-01-10Officer and Director24.05k
MOGLIA PETER MStock Award(Grant) at price 0.00 per share.D2023-01-10Chief Executive Officer39.35k
CIRUZZI VINCENT R. JRStock Award(Grant) at price 0.00 per share.D2023-01-03Officer4.03k
MARCUS JOEL SStock Award(Grant) at price 0.00 per share.D2023-01-03Officer and Director42.26k
SHIGENAGA DEAN AKIOStock Award(Grant) at price 0.00 per share.D2023-01-03President13.46k
GAVINET ANDRESStock Award(Grant) at price 0.00 per share.D2023-01-03Officer4.03k
MOGLIA PETER MStock Award(Grant) at price 0.00 per share.D2023-01-03Chief Executive Officer13.46k
RYAN DANIEL JStock Award(Grant) at price 0.00 per share.D2023-01-03Chief Investment Officer13.46k
DIAMOND LAWRENCE J.Stock Award(Grant) at price 0.00 per share.D2023-01-03Chief Operating Officer4.03k
CUNNINGHAM JOHN HStock Award(Grant) at price 0.00 per share.D2023-01-03Officer4.03k
BINDA MARC E.Stock Award(Grant) at price 0.00 per share.D2023-01-03Officer and Treasurer4.03k
HAKMAN JOSEPHStock Award(Grant) at price 0.00 per share.D2023-01-03Chief Operating Officer2.12k
DEAN GARY D.Stock Award(Grant) at price 0.00 per share.D2023-01-03Officer2.12k
CLEM JACKIE BStock Award(Grant) at price 0.00 per share.D2023-01-03General Counsel2.12k
KASS HUNTERStock Award(Grant) at price 0.00 per share.D2023-01-03Officer13.46k
ALSBROOK MADELEINE THORPStock Award(Grant) at price 0.00 per share.D2023-01-03Officer1.35k
LEE ORRAPARN C.Stock Award(Grant) at price 0.00 per share.D2023-01-03Officer1.35k
FUKUZAKI-CARLSON KRISTINAStock Award(Grant) at price 0.00 per share.D2023-01-03Officer1.35k
CIRUZZI VINCENT R. JRStock Award(Grant) at price 0.00 per share.D2022-12-30Officer24.03k
SHIGENAGA DEAN AKIOStock Award(Grant) at price 0.00 per share.D2022-12-30President39.47k
GAVINET ANDRESStock Award(Grant) at price 0.00 per share.D2022-12-30Officer18.88k
RYAN DANIEL JStock Award(Grant) at price 0.00 per share.D2022-12-30Chief Investment Officer36.04k
HASH STEVEStock Award(Grant) at price 0.00 per share.D2022-12-30Director189
WORONOFF MICHAEL AStock Award(Grant) at price 0.00 per share.D2022-12-30Director292
DIAMOND LAWRENCE J.Stock Award(Grant) at price 0.00 per share.D2022-12-30Chief Operating Officer20.59k
CUNNINGHAM JOHN HStock Award(Grant) at price 0.00 per share.D2022-12-30Officer22.31k
BINDA MARC E.Stock Award(Grant) at price 0.00 per share.D2022-12-30Officer and Treasurer20.59k
HAKMAN JOSEPHStock Award(Grant) at price 0.00 per share.D2022-12-30Chief Operating Officer17.16k
DEAN GARY D.Stock Award(Grant) at price 0.00 per share.D2022-12-30Officer12.01k
CLEM JACKIE BStock Award(Grant) at price 0.00 per share.D2022-12-30General Counsel13.73k
KASS HUNTERStock Award(Grant) at price 0.00 per share.D2022-12-30Officer34.33k
ALSBROOK MADELEINE THORPStock Award(Grant) at price 0.00 per share.D2022-12-30Officer9.27k
LEE ORRAPARN C.Stock Award(Grant) at price 0.00 per share.D2022-12-30Officer10.98k
FUKUZAKI-CARLSON KRISTINAStock Award(Grant) at price 0.00 per share.D2022-12-30Officer9.27k
CIRUZZI VINCENT R. JRSale at price 150.64 - 151.30 per share.D2022-12-15Officer7k
SHIGENAGA DEAN AKIOSale at price 152.51 per share.D2022-12-14President9k
MOGLIA PETER MSale at price 151.89 per share.D2022-12-13Chief Executive Officer2k
MARCUS JOEL SSale at price 150.00 per share.D2022-12-12Officer and Director6.5k
CUNNINGHAM JOHN HSale at price 147.98 per share.D2022-12-08Officer3.94k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Alexandria Real Estate Equities Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Alexandria Real Estate Equities Inc

Here is the result of two systematic investment strategies applied to Alexandria Real Estate Equities Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Alexandria Real Estate Equities Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Alexandria Real Estate Equities Inc:

Alexandria Real Estate Equities Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 30.74% on the backtest period.

Performance at glance

Performance

30.74 %

Latent gain

735.1 $

Invested capital

2391.14 $

Annualized return

7.43 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Alexandria Real Estate Equities Inc

This is the result of two momentum investment strategies applied to Alexandria Real Estate Equities Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Alexandria Real Estate Equities Inc

The following chart shows all the entries opened by the momentum investment system on Alexandria Real Estate Equities Inc:

Alexandria Real Estate Equities Inc momentum entries
  • The first momentum investment strategy would give 40.48% of return on Alexandria Real Estate Equities Inc. That represents 2533.47$ of latent gain with 6259.08$ of employed capital.
  • The second momentum investment strategy would give 37.67% of return on Alexandria Real Estate Equities Inc. That represents 1817.8$ of latent gain with 4825.46$ of employed capital.
Performance at glance (1Q Momentum)

Performance

40.48 %

Latent gain

2533.47 $

Invested capital

6259.08 $

Annualized return

10.1 %
Performance at glance (2Q Momentum)

Performance

37.67 %

Latent gain

1817.8 $

Invested capital

4825.46 $

Annualized return

10.29 %

Momentum equity curve on Alexandria Real Estate Equities Inc

The following chart shows the equity curve of the two momentum strategies applied to Alexandria Real Estate Equities Inc:

Alexandria Real Estate Equities Inc momentum equity

Note: the dividends potentially given by Alexandria Real Estate Equities Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Alexandria Real Estate Equities Inc

The following chart shows the employed capital evolution of the two momentum strategies on Alexandria Real Estate Equities Inc since the beginning:

Alexandria Real Estate Equities Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Alexandria Real Estate Equities Inc

Buy the dip entry openings on Alexandria Real Estate Equities Inc

Alexandria Real Estate Equities Inc

The performance achieved by the robo-advisor on Alexandria Real Estate Equities Inc is 21.61%. That represents 520.88$ of latent gain with 2409.97$ of employed capital. The following chart shows Alexandria Real Estate Equities Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Alexandria Real Estate Equities Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

21.61 %

Latent gain

520.88 $

Invested capital

2409.97 $

Annualized return

10.1 %

Equity curve of the strategy applied to Alexandria Real Estate Equities Inc

The following chart shows the result of the investment strategy applied to Alexandria Real Estate Equities Inc:

Alexandria Real Estate Equities Inc

Note: the dividends potentially given by Alexandria Real Estate Equities Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Alexandria Real Estate Equities Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Alexandria Real Estate Equities Inc:

Alexandria Real Estate Equities Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Alexandria Real Estate Equities Inc

In this section, I will compare the three previous investment strategies applied to Alexandria Real Estate Equities Inc.

Equity curve comparison on Alexandria Real Estate Equities Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Alexandria Real Estate Equities Inc investment strategy comparison

Employed capital comparison on Alexandria Real Estate Equities Inc

Alexandria Real Estate Equities Inc investment comparison

Performance comparison on Alexandria Real Estate Equities Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 30.74% 735.1$ 2391.14$ 7.43%
Momentum 1 quarter 40.48% 2533.47$ 6259.08$ 10.38%
Momentum 2 quarters 37.67% 1817.8$ 4825.46$ 10.29%
Non-directional 21.61% 520.88$ 2409.97$ 10.1%
Annualized return comparison

Automatic investment

7.43 %

Momentum 1Q

10.29 %

Momentum 2Q

10.29 %

Non-directional

10.1 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Alexandria Real Estate Equities Inc:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • SINGYES SOLAR
  • ACCEL GROUP
  • HAO WEN HLDGS
  • SUN HING PRINT
  • KWAN YONG

  • Note: The algorithm computes the probability of correlation between Alexandria Real Estate Equities Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Alexandria Real Estate Equities Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Alexandria Real Estate Equities Inc
    Country United States
    City Pasadena
    Address 26 North Euclid Avenue
    Phone 626-578-0777
    Website www.are.com
    FullTime employees 593
    Industry REIT—Office
    Sector Real Estate
    Exchange XNYS
    Ticker ARE
    Market www.nyse.com

    Alexandria Real Estate Equities Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 3.9
    Peer Environment Performance 3.6408791208791
    Environment Percentile unknown
    Palm Oil no
    Nuclear no
    Fur Leather no
    GMO no
    Coal no
    Pesticides no
    Animal Testing no

    Social scores

    Social ESG Factors Scores
    Social Score 3.7
    Peer Social Performance 4.1831868131868
    Social Percentile unknown
    Highest Controversy 0
    Peer Highest Controversy Performance 0.57446808510638
    Adult no
    Gambling no
    Alcoholic no
    Tobacco no
    Catholic no
    Controversial Weapons no
    Small Arms no
    Military Contract no
    Peer Count yes

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 6.3
    Peer Governance Performance 6.0951648351648
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: 13.9
    Environment Score: 3.9
    Social Score: 3.7
    Governance Score: 6.3

    ESG Performance: UNDER_PERF

    Peer Group: Real Estate

    Peer Esg Score Performance: 13.967127659574

    Rating Year: 2023

    Rating Month: 1

    Max Age: 86400

    Percentile: 8