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Alexandria Real Estate Equities (ARE)

Alexandria Real Estate Equities, Inc. an S&P 500® urban office real estate investment trust, 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. 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.

Company profile

Ticker
ARE
Exchange
Website
CEO
Peter M. Moglia / Stephen A. Richardson
Employees
Incorporated
Location
Fiscal year end
Former names
ALEXANDRIA REAL ESTATE EQUITIES INC
SEC CIK
Subsidiaries
ARE - QRS Corp. • Alexandria Real Estate Equities, L.P. • Alexandria Venture Investments, LLC ...
IRS number
954502084

ARE stock data

Press releases

From Benzinga Pro
Alexandria Real Estate Equities, Inc. Reports: 2Q22 and 1H22 Net Income per Share - Diluted of $1.67 and $0.74, respectively; and 2Q22 and 1H22 FFO per Share - Diluted, As Adjusted, of $2.10 and $4.15, respectively
25 Jul 22
PASADENA, Calif., July 25, 2022 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the second quarter ended June 30, 2022. Key highlights Operating
Alexandria Real Estate Equities, Inc. Releases 2021 ESG Report Highlighting Its Leadership and Innovative Approach to Climate Resilience, Design and Operations of High-Performance Laboratory Buildings and Corporate Social Responsibility
30 Jun 22
PASADENA, Calif., June 30, 2022 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE), an urban office REIT and the first, longest-tenured and pioneering owner, operator and developer uniquely focused on
Alexandria Real Estate Equities, Inc. Celebrates the Grand Opening of Alexandria LaunchLabs at Columbia to Accelerate the Commercialization of Novel Translational Science to Meet Significant Unmet Medical Needs
22 Jun 22
At the Vanguard and Heart of the Life Science Ecosystem™ NEW YORK, June 22, 2022 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE), an urban office REIT and the first, longest-tenured and pioneering
The Navy SEAL Foundation Honors Los Angeles Rams Owner/Chairman Stanley Kroenke with Patriot Award
10 Jun 22
Alexandria Real Estate Equities, Inc. Earns Fifth Consecutive and Seventh Overall Nareit Investor CARE Award for Excellence in Communications and Reporting
7 Jun 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

25 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 517.66M 517.66M 517.66M 517.66M 517.66M
Cash burn (monthly) 117.5M (no burn) 76.17M (no burn) (no burn)
Cash used (since last report) 169.99M n/a 110.19M n/a n/a
Cash remaining 347.67M n/a 407.47M n/a n/a
Runway (months of cash) 3.0 n/a 5.3 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Jul 22 Richardson Stephen Common Stock Payment of exercise Dispose F No No 165.78 552 91.51K 173,945
31 Jul 22 Moglia Peter M Common Stock Payment of exercise Dispose F No No 165.78 533 88.36K 171,233
29 Jul 22 Freire Maria C Common Stock Sell Dispose S No No 164.59 289 47.57K 2,711
28 Jul 22 Freire Maria C Common Stock Sell Dispose S No No 163.04 2,311 376.79K 3,000
27 Jul 22 Jackie B. Clem Common Stock Sell Dispose S No No 156.6 794 124.34K 22,824
15 Jul 22 Binda Marc E Common Stock Payment of exercise Dispose F No No 142.81 1,984 283.34K 55,379
13F holders Current Prev Q Change
Total holders 620 591 +4.9%
Opened positions 99 93 +6.5%
Closed positions 70 53 +32.1%
Increased positions 279 252 +10.7%
Reduced positions 165 172 -4.1%
13F shares Current Prev Q Change
Total value 29.83B 34.38B -13.2%
Total shares 148.37M 154.22M -3.8%
Total puts 112.7K 107.7K +4.6%
Total calls 138.3K 59.7K +131.6%
Total put/call ratio 0.8 1.8 -54.8%
Largest owners Shares Value Change
Vanguard 24.9M $5.01B +4.7%
BLK Blackrock 15.14M $3.05B +1.5%
STT State Street 10.37M $2.1B +13.6%
APG Asset Management US 6.3M $1.27B -0.4%
PFG Principal Financial Group Inc - Registered Shares 5.13M $1.03B +4.6%
JPM JPMorgan Chase & Co. 4.42M $889M +46.0%
Parnassus Investments 3.46M $696.21M +41.1%
Capital World Investors 3.21M $647.01M -11.3%
Geode Capital Management 3.18M $638.92M +8.2%
Canada Pension Plan Investment Board 2.8M $562.62M +16.0%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -13.49M EXIT
JPM JPMorgan Chase & Co. 4.42M +1.39M +46.0%
TROW T. Rowe Price 1.97M -1.36M -40.8%
STT State Street 10.37M +1.24M +13.6%
Vanguard 24.9M +1.11M +4.7%
IVZ Invesco 2.23M -1.05M -32.0%
TCI Fund Management 0 -1.04M EXIT
Parnassus Investments 3.46M +1.01M +41.1%
Centersquare Investment Management 1.34M +876.73K +188.7%
FMR 1.2M -593.74K -33.1%

Financial report summary

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Management Discussion
  • We present a tabular comparison of items, whether gain or loss, that may facilitate a high-level understanding of our results and provide context for the disclosures included in our annual report on Form 10-K for the year ended December 31, 2021 and our subsequent quarterly reports on Form 10-Q. We believe that such tabular presentation promotes a better understanding for investors of the corporate-level decisions made and activities performed that significantly affect comparison of our operating results from period to period. We also believe that this tabular presentation will supplement for investors an understanding of our disclosures and real estate operating results. Gains or losses on sales of real estate and impairments of held for sale assets are related to corporate-level decisions to dispose of real estate. Gains or losses on early extinguishment of debt are related to corporate-level financing decisions focused on our capital structure strategy. Significant realized and unrealized gains or losses on non-real estate investments and impairments of real estate and non-real estate investments are not related to the operating performance of our real estate assets as they result from strategic, corporate-level non-real estate investment decisions and external market conditions. Impairments of non-real estate investments are not related to the operating performance of our real estate as they represent the write-down of non-real estate investments when their fair values decrease below their respective carrying values due to changes in general market or other conditions outside of our control. Significant items included in the tabular disclosure for current periods are described in further detail within this Item 2. Key items included in net income attributable to Alexandria’s common stockholders for the three and six months ended June 30, 2022 and 2021 and the related per share amounts were as follows (in millions, except per share amounts):

Content analysis

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H.S. junior Avg
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