alexandria real estate equities, inc. (nyse:are) is the largest and leading office reit uniquely focused on collaborative science and technology campuses in urban innovation clusters. alexandria pioneered this niche in 1994 and has since established a dominant market presence in aaa locations, including greater boston, san francisco, new york city, san diego, seattle, maryland, and research triangle park. alexandria is known for its high-quality and diverse client tenant base. alexandria has a longstanding and proven track record of developing class a assets clustered in urban science and technology campuses that provide its innovative client 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.
Company profile
Ticker
ARE
Exchange
Website
CEO
Peter M. Moglia
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ALEXANDRIA REAL ESTATE EQUITIES INC
SEC CIK
Corporate docs
Subsidiaries
ARE - QRS Corp. • Alexandria Real Estate Equities, L.P. • Alexandria Venture Investments, LLC ...
IRS number
954502084
ARE stock data
Latest filings (excl ownership)
8-K
Other Events
15 Feb 24
424B5
Prospectus supplement for primary offering
15 Feb 24
8-K
Entry into a Material Definitive Agreement
15 Feb 24
424B5
Prospectus supplement for primary offering
5 Feb 24
8-K
Alexandria Real Estate Equities, Inc. Announces Public Offering of Senior Notes
5 Feb 24
FWP
Free writing prospectus
1 Feb 24
424B5
Prospectus supplement for primary offering
1 Feb 24
S-3ASR
Automatic shelf registration
1 Feb 24
8-K
Results of Operations and Financial Condition
29 Jan 24
10-K
2023 FY
Annual report
29 Jan 24
Transcripts
ARE
Earnings call transcript
2023 Q3
24 Oct 23
ARE
Earnings call transcript
2023 Q2
25 Jul 23
ARE
Earnings call transcript
2023 Q1
25 Apr 23
ARE
Earnings call transcript
2022 Q4
31 Jan 23
ARE
Earnings call transcript
2022 Q3
25 Oct 22
ARE
Earnings call transcript
2022 Q2
27 Jul 22
ARE
Earnings call transcript
2022 Q1
26 Apr 22
ARE
Earnings call transcript
2021 Q4
1 Feb 22
ARE
Earnings call transcript
2022 Q4
31 Jan 22
ARE
Earnings call transcript
2021 Q3
27 Oct 21
Latest ownership filings
4
Orraparn C. Lee
15 Mar 24
144
Notice of proposed sale of securities
13 Mar 24
4
Peter M Moglia
4 Mar 24
144
Notice of proposed sale of securities
1 Mar 24
4
JOEL S MARCUS
28 Feb 24
144
Notice of proposed sale of securities
26 Feb 24
SC 13G/A
Applied Therapeutics Inc.
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
NORGES BANK
13 Feb 24
4
Peter M Moglia
2 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
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) | 567.71 mm | 567.71 mm | 567.71 mm | 567.71 mm | 567.71 mm | 567.71 mm |
Cash burn (monthly) | 130.86 mm | 24.87 mm | 184.56 mm | 192.67 mm | (no burn) | (no burn) |
Cash used (since last report) | 779.82 mm | 148.21 mm | 1.10 bn | 1.15 bn | n/a | n/a |
Cash remaining | -212.11 mm | 419.50 mm | -532.14 mm | -580.42 mm | n/a | n/a |
Runway (months of cash) | -1.6 | 16.9 | -2.9 | -3.0 | n/a | n/a |
Institutional ownership, Q3 2023
86.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 554 |
Opened positions | 58 |
Closed positions | 77 |
Increased positions | 244 |
Reduced positions | 189 |
13F shares | Current |
---|---|
Total value | 15.08 tn |
Total shares | 151.35 mm |
Total puts | 563.40 k |
Total calls | 721.30 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 26.77 mm | $2.68 tn |
BLK Blackrock | 17.15 mm | $1.72 tn |
STT State Street | 11.13 mm | $1.13 tn |
APG Asset Management US | 7.18 mm | $718.46 bn |
PFG Principal Financial Group Inc - Registered Shares | 6.37 mm | $637.50 bn |
JPM JPMorgan Chase & Co. | 5.32 mm | $532.10 bn |
Canada Pension Plan Investment Board | 4.04 mm | $404.25 bn |
Geode Capital Management | 3.73 mm | $373.09 bn |
Victory Capital Management | 3.72 mm | $371.95 bn |
IVZ Invesco | 2.65 mm | $265.67 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Mar 24 | Orraparn C. Lee | Common Stock | Sell | Dispose S | No | No | 126.67 | 3,000 | 380.01 k | 43,146 |
1 Mar 24 | Moglia Peter M | Common Stock | Sell | Dispose S | No | No | 122.9 | 3,200 | 393.28 k | 249,683 |
29 Feb 24 | Moglia Peter M | Common Stock | Payment of exercise | Dispose F | No | No | 124.73 | 596 | 74.34 k | 252,883 |
26 Feb 24 | Marcus Joel S | Common Stock | Sell | Dispose S | No | No | 118.92 | 7,500 | 891.90 k | 429,538 |
26 Jan 24 | Moglia Peter M | Common Stock | Payment of exercise | Dispose F | No | No | 124.35 | 10,750 | 1.34 mm | 254,074 |
12 Jan 24 | Sheila K. McGrath | Common Stock | Grant | Acquire A | No | No | 0 | 1,595 | 0.00 | 2,895 |