Alexandria Real Estate Equities, Inc.

Real Estate
Real Estate Investment Trusts
www.are.com

Earnings Score

Market Cap $18.33B
PE 65
Debt $12.78B
Cash $579.64M
EV $30.52B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$282.55M
ROE	1%
Equity	$22.69B
Growth Stability	15%
PE	64.86
PEG	-3.49
PB	0.81
P/S	5.94
Price/Cash	0.03
Debt/Equity	0.56
Net Margins	16%
Earnings CAGR	12%
Sales Growth YoY	11%
Sales Growth QoQ	3%
Sales CAGR	14%
Equity CAGR	25%
Earnings Stability	0.14
Earnings Growth YoY	653%
Earnings Growth QoQ	284%
Earnings CAGR 5Y	-19%

Sales CAGR 5Y	16%
Equity CAGR 5Y	20%
Earnings CAGR 3Y	14%
Sales CAGR 3Y	14%
Equity CAGR 3Y	6%
Market Cap	$18.33B
Revenue	$3.08B
Dividend Yield	5%
Payout Ratio	318%
Assets	$38.49B
Total Debt	$12.78B
Cash	$579.64M
Shares Outstanding	171.78M
EV	30.52B
Earnings Score	9%
Shares Growth 3y	5%
Equity Growth QoQ	0%
Equity Growth YoY	0%

Assets & ROA

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Stockholders Equity & ROE

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Alexandria Real Estate Equities Inc is a real estate investment trust primarily engaged in the acquisition, development, and leasing of urban offices on science and technology campuses throughout the United States. The company redevelops offices, warehouses, and shell space for its tenants in areas close to high concentrations of specialized research institutions and businesses. The majority of Alexandria's real estate portfolio is split between the Greater Boston and San Francisco areas. The company derives nearly all of its income in the form of revenue from its tenant companies. Alexandria's largest customers in terms of revenue are public biotechnology, multinational pharmaceutical, life science product, and academic and medical research entities.

SEC Filings

Direct access to Alexandria Real Estate Equities, Inc. (ARE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Alexandria Real Estate Equities, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Alexandria Real Estate Equities, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 12%

Stability 14%

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Alexandria Real Estate Equities, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Alexandria Real Estate Equities, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-16%	13%	27%	23%	41%	27%	20%	3%	16%
ROA	-	-	-	-	-	-	-	-	-	-	-
ROE	-	3%	-3%	2%	5%	3%	6%	3%	2%	0%	1%

Good Net Margins (16.09%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	0.94	0.93	0.78	0.74	0.7	0.67	0.57	0.47	0.45	0.5	0.56
Growth Stability	-	-	-	100%	100%	100%	100%	100%	91%	15%	15%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.56)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (15%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	22%	18%	15%	23%	12%	22%	11%	16%
Earnings YoY growth	-	62%	-229%	-196%	150%	-4%	120%	-27%	-9%	-82%	-19%
Equity YoY growth	-	10%	25%	20%	22%	29%	32%	42%	19%	-0%	20%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-