Alexandria Real Estate Equities Inc (N:ARE)

Sector:  Financials Industry:  Commercial REITs
See Regulatory Filings on SEC
Company Contact
Address: 26 N Euclid Ave
Tel: 1-626-3964828
IR: See website
Key People
Joel S. Marcus
Executive Chairman of the Board
Terezia C. Nemeth
Executive Vice President '€“ Regional Market Director '€“ San Francisco
Dean Akio Shigenaga
Co-President, Chief Financial Officer
Thomas J. Andrews
Co-President, Regional Market Director '€“ Greater Boston
Peter M. Moglia
Co-Chief Executive Officer and Co-Chief Investment Officer
Stephen A. Richardson
Co-Chief Executive Officer
Lawrence J. Diamond
Co-Chief Operating Officer, Regional Market Director '€“ Maryland
Joseph Hawkman
Co-Chief Operating Officer and Chief Strategic Transactions Officer
Marc E. Binda
Executive Vice President - Finance, Treasurer
John H. Cunningham
Executive Vice President, Regional Market Director - New York City
Business Overview
Alexandria Real Estate Equities, Inc. is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems. As of December 31, 2016, the Company had 199 properties in North America. As of December 31, 2016, its asset base in North America consisted of 25.2 million square feet, including 19.9 million rentable square feet/foot (RSF) of operating properties, and development and redevelopment of under construction or pre-construction, as well as 5.3 million square feet of future ground-up development projects. Its properties are located in various areas, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and Research Triangle Park. Its properties include Alexandria Technology Square, Alexandria Park at 128 and Alexandria Technology Center-Gateway.
Financial Overview
For the six months ended 30 June 2020, Alexandria Real Estate Equities Inc revenues increased 20% to $876.9M. Net income applicable to common stockholders increased 22% to $244.8M. Revenues reflect FFO per Share (Diluted) increase of 11% to $2.27. Net income benefited from Net Operating Income (NOI), Total increase of 19% to $623.9M, Investment income increase of 55% to $162.8M (income), Capitalized interest increase of 38% to $55.5M (income).
Employees: 439 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $27,413M as of Jun 30, 2020
Annual revenue (TTM): $1,675M as of Jun 30, 2020
EBITDA (TTM): $1,087M as of Jun 30, 2020
Net annual income (TTM): $395.66M as of Jun 30, 2020
Free cash flow (TTM): -$3,335M as of Jun 30, 2020
Net Debt Last Fiscal Year: $7,316M as of Jun 30, 2020
Shares outstanding: 126,114,573 as of Jul 15, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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