Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), 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.
IPO Year:
Exchange: NYSE
Website: are.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/27/2024 | $133.00 → $121.00 | Overweight → Neutral | Analyst |
| 11/15/2024 | $135.00 → $112.00 | Buy → Hold | Deutsche Bank |
| 10/25/2024 | $130.00 → $125.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 9/13/2024 | $130.00 → $125.00 | Buy → Neutral | Citigroup |
| 8/2/2024 | $136.00 → $127.00 | Buy → Hold | Jefferies |
| 7/29/2024 | $151.00 → $126.00 | Buy → Neutral | BofA Securities |
| 7/25/2024 | $133.00 → $126.00 | Outperform → In-line | Evercore ISI |
| 7/24/2024 | $140.00 → $130.00 | Outperform → Neutral | Wedbush |
| 1/30/2024 | $140.00 | Buy | Deutsche Bank |
| 10/11/2023 | $108.00 | Neutral | Exane BNP Paribas |
Analyst downgraded Alexandria RE from Overweight to Neutral and set a new price target of $121.00 from $133.00 previously
Deutsche Bank downgraded Alexandria RE from Buy to Hold and set a new price target of $112.00 from $135.00 previously
RBC Capital Mkts downgraded Alexandria RE from Outperform to Sector Perform and set a new price target of $125.00 from $130.00 previously
Citigroup downgraded Alexandria RE from Buy to Neutral and set a new price target of $125.00 from $130.00 previously
Jefferies downgraded Alexandria RE from Buy to Hold and set a new price target of $127.00 from $136.00 previously
BofA Securities downgraded Alexandria RE from Buy to Neutral and set a new price target of $126.00 from $151.00 previously
Evercore ISI downgraded Alexandria RE from Outperform to In-line and set a new price target of $126.00 from $133.00 previously
Wedbush downgraded Alexandria RE from Outperform to Neutral and set a new price target of $130.00 from $140.00 previously
Deutsche Bank initiated coverage of Alexandria RE with a rating of Buy and set a new price target of $140.00
Exane BNP Paribas initiated coverage of Alexandria RE with a rating of Neutral and set a new price target of $108.00
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NEW YORK, Dec. 30, 2024 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ:BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced today that is has acquired the real estate and building for a build-to-suit 5MW Tier-3 data center expansion project in Montreal, Canada. This acquisition is part of Bit Digital's strategy to expand its HPC data center footprint to 32MW during 2025. This site also comprises part of Bit Digital's 288MW proprietary pipeline announced earlier this year.
PASADENA, Calif., Dec. 11, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced that the company will conduct a conference call and audio webcast on Tuesday, January 28, 2025 at 3:00 p.m. Eastern Time (ET), in conjunction with the release of its fourth quarter and year end 2024 operating and financial results. Alexandria will release its operating and financial results after the market closes on Monday, January 27, 2025. To participate in this conference call, dial (833) 366-1125 (U.S.) or (412) 902-6738 shortly before 3:00 p.m. ET and ask the
PASADENA, Calif., Dec. 9, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.32 per common share for the fourth quarter of 2024. The dividend is payable on January 15, 2025 to stockholders of record on December 31, 2024. The common stock dividend for the year ending December 31, 2024 of $5.19 per common share represents an increase of 23 cents, or 5 percent, over the year ended December 31, 2023. The dividend allows the company to share its continued high-quality, strong and
PASADENA, Calif., Dec. 9, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE:ARE) today announced that the Company's Board of Directors authorized a common stock repurchase program. Under the program, the Company may purchase up to $500,000,000 of its outstanding shares of common stock, par value $0.01 per share ("Common Stock"), until December 31, 2025 from time to time in the open market or otherwise (including in negotiated transactions, in open market transactions, through accelerated share repurchase, through indirect purchases of Common Stock such as by using derivatives or in other transactions). The specific timing, price and size of purc
PASADENA, Calif., Oct. 21, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the third quarter ended September 30, 2024. Key highlights YTD Operating results 3Q24 3Q23 3Q24 3Q23 Total revenues: In millions $ 791.6 $ 713.8 $ 2,327.4 $ 2,128.5 Growth 10.9 % 9.3 % Net income attributable to Alexandria's common stockholders – diluted: In millions $ 164.7 $ 21.9 $ 374.5 $ 184.4 Per share $ 0.96 $ 0.13 $ 2.18 $ 1.08 Funds from operations attributable to Alexandria's common stockholders – diluted, as adjusted: In mi
PASADENA, Calif., Sept. 4, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.30 per common share for the third quarter of 2024. The dividend is payable on October 15, 2024 to stockholders of record on September 30, 2024. The common stock dividend for the 12 months ending September 30, 2024 of $5.14 per common share represents an increase of 24 cents, or 5 percent, over the 12 months ended September 30, 2023. The dividend allows the company to share its continued high-qualit
PASADENA, Calif., Sept. 3, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced that the company will conduct a conference call and audio webcast on Tuesday, October 22, 2024, at 3:00 p.m. Eastern Time (ET), in conjunction with the release of its third quarter 2024 operating and financial results. Alexandria will release its operating and financial results after the market closes on Monday, October 21, 2024. To participate in this conference call, dial (833) 366-1125 (U.S.) or (412) 902-6738 shortly before 3:00 p.m. ET and ask the operator to j
PASADENA, Calif., July 22, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the second quarter ended June 30, 2024. Key highlights Operating results 2Q24 2Q23 1H24 1H23 Total revenues: In millions $ 766.7 $ 713.9 $ 1,535.8 $ 1,414.7 Growth 7.4 % 8.6 % Net income attributable to Alexandria's common stockholders – diluted: In millions $ 42.9 $ 87.3 $ 209.8 $ 162.5 Per share $ 0.25 $ 0.51 $ 1.22 $ 0.95 Funds from operations attributable to Alexandria's common stockholders – diluted, as adjusted: In millions
PASADENA, Calif., June 3, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.30 per common share for the second quarter of 2024. The dividend is payable on July 15, 2024 to stockholders of record on June 28, 2024. The common stock dividend for the 12 months ending June 30, 2024 of $5.08 per common share represents an increase of 24 cents, or 5 percent, over the 12 months ended June 30, 2023. The dividend allows the company to share its continued high-quality, strong and incr
PASADENA, Calif., May 21, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced that the company will conduct a conference call and audio webcast on Tuesday, July 23, 2024, at 3:00 p.m. Eastern Time (ET), in conjunction with the release of its second quarter 2024 operating and financial results. Alexandria will release its operating and financial results after the market closes on Monday, July 22, 2024. To participate in this conference call, dial (833) 366-1125 (U.S.) or (412) 902-6738 shortly before 3:00 p.m. ET and ask the operator to join th
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NEW YORK, Dec. 30, 2024 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ:BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced today that is has acquired the real estate and building for a build-to-suit 5MW Tier-3 data center expansion project in Montreal, Canada. This acquisition is part of Bit Digital's strategy to expand its HPC data center footprint to 32MW during 2025. This site also comprises part of Bit Digital's 288MW proprietary pipeline announced earlier this year.
PASADENA, Calif., Dec. 11, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced that the company will conduct a conference call and audio webcast on Tuesday, January 28, 2025 at 3:00 p.m. Eastern Time (ET), in conjunction with the release of its fourth quarter and year end 2024 operating and financial results. Alexandria will release its operating and financial results after the market closes on Monday, January 27, 2025. To participate in this conference call, dial (833) 366-1125 (U.S.) or (412) 902-6738 shortly before 3:00 p.m. ET and ask the
PASADENA, Calif., Dec. 9, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.32 per common share for the fourth quarter of 2024. The dividend is payable on January 15, 2025 to stockholders of record on December 31, 2024. The common stock dividend for the year ending December 31, 2024 of $5.19 per common share represents an increase of 23 cents, or 5 percent, over the year ended December 31, 2023. The dividend allows the company to share its continued high-quality, strong and
PASADENA, Calif., Dec. 9, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE:ARE) today announced that the Company's Board of Directors authorized a common stock repurchase program. Under the program, the Company may purchase up to $500,000,000 of its outstanding shares of common stock, par value $0.01 per share ("Common Stock"), until December 31, 2025 from time to time in the open market or otherwise (including in negotiated transactions, in open market transactions, through accelerated share repurchase, through indirect purchases of Common Stock such as by using derivatives or in other transactions). The specific timing, price and size of purc
PASADENA, Calif., Nov. 21, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative mega campuses in AAA life science innovation cluster locations, today announced that it executed a 10-year lease with Vaxcyte, Inc., a clinical-stage biopharmaceutical company working to protect humankind from the consequences of bacterial diseases, for a total of 258,581 RSF at 825 Industrial Road on the Alexandria Center® for Life Science – San Carlos mega campus in the San Francisco Bay Area. The lease includes new space as well as an extension of the lease term for its existing space.
Alexandria to lead mission-critical panel on immunology and inflammation as a cornerstone of treating human disease tomorrow at the 2024 Galien Forum USA at the Alexandria Center® for Life Science – New York City PASADENA, Calif., Nov. 6, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative mega campuses in AAA life science innovation cluster locations, continues to leverage its position at the vanguard and heart of the $5 trillion secularly growing life science industry to foster the development of new therapies and cures for the 10,000 diseases known to humankind, of whic
PASADENA, Calif., Oct. 21, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the third quarter ended September 30, 2024. Key highlights YTD Operating results 3Q24 3Q23 3Q24 3Q23 Total revenues: In millions $ 791.6 $ 713.8 $ 2,327.4 $ 2,128.5 Growth 10.9 % 9.3 % Net income attributable to Alexandria's common stockholders – diluted: In millions $ 164.7 $ 21.9 $ 374.5 $ 184.4 Per share $ 0.96 $ 0.13 $ 2.18 $ 1.08 Funds from operations attributable to Alexandria's common stockholders – diluted, as adjusted: In mi
PASADENA, Calif., Sept. 30, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative mega campuses in AAA life science innovation cluster locations, today announced it has been named by Newsweek as one of the World's Most Trustworthy Companies in 2024. This significant distinction builds on Alexandria's recognition by the publication as one of America's Most Trustworthy Companies in 2023 and 2024. Alexandria was selected for this prestigious annual list based on the analysis of an extensive independent survey, compiled in collaboration with Newsweek's market research partner Sta
PASADENA, Calif., Sept. 12, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative mega campuses in AAA life science innovation cluster locations, today announced the completion of the sale, through an affiliate, of 1165 Eastlake Avenue East in its Lake Union submarket of Seattle to longstanding tenant Fred Hutch Cancer Center (Fred Hutch). The fully leased 100,086 RSF single-tenant Class A+ life science facility, which was developed by Alexandria and delivered in 2021, sold for $150.0 million at a strong capitalization rate of 4.9% (based upon cash net operating income for 2Q
Alexandria's prestigious recognition among Nareit's first cohort of honorees demonstrates the company's continued leadership in advancing innovative sustainable design strategies for its mission-critical Labspace® infrastructure PASADENA, Calif., Sept. 12, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative mega campuses in AAA life science innovation cluster locations, today announced that it has received a 2024 Sustainable Design Impact Award from Nareit, the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate, for the c