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

PASADENA, Calif., Sept. 10, 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 Joel S. Marcus, the company's executive chairman and founder, is being honored with the inaugural Bisnow Life Sciences Icon & Influencer Award tomorrow afternoon, Wednesday, September 11, 2024. This prestigious award highlights Mr. Marcus and Alexandria's significant long-term contributions to and lasting impact on the life science real estate sector and broader life science industry. He will accept the award on

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., 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

PASADENA, Calif., March 4, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.27 per common share for the first quarter of 2024. The dividend is payable on April 15, 2024 to shareholders of record on March 28, 2024. The common stock dividend for the 12 months ending March 31, 2024 of $5.02 per common share represents an increase of 24 cents, or 5 percent, over the 12 months ended March 31, 2023. The dividend allows the company to share its continued high-quality, strong and

PASADENA, Calif., Feb. 28, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced that the company will conduct a conference call and audio webcast on Tuesday, April 23, 2024, at 3:00 p.m. Eastern Time (ET), in conjunction with the release of its first quarter 2024 operating and financial results. Alexandria will release its operating and financial results after the market closes on Monday, April 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

PASADENA, Calif., Jan. 29, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the fourth quarter and year ended December 31, 2023. Key highlights Operating results 4Q23 4Q22 2023 2022 Total revenues: In millions $        757.2 $        670.3 $      2,885.7 $      2,589.0 Growth 13.0 % 11.5 % Net (loss) income attributable to Alexandria's common stockholders – diluted In millions $         (91.9) $          51.8 $           92.4 $         513.3 Per share $         (0.54) $          0.31 $           0.54 $           3.18 Funds from operations attributable to Alexandria's common stockholders – diluted, as a

PASADENA, Calif., Jan. 26, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) today announced the tax treatment of its year 2023 distributions as described in the chart below. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of Alexandria Real Estate Equities, Inc. distributions. Common StockCUSIP # 015271109Ticker Symbol: ARE   Section897(4) OrdinaryDividends(Box 2e) Section897(4) CapitalGains onRealEstate(Box 2f) Return of Capital(5) (Box 3) Section199A(1) Dividends (Box 5) Dividends Capital Gains Record

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Wedbush analyst Richard Anderson downgrades Alexandria Real Estate (NYSE:ARE) from Outperform to Neutral and lowers the price target from $140 to $130.

Existing home sales in the United States plunged 5.4% in June 2024 from the previous month, marking the steepest monthly drop since November 2022. This decline is attributed to heightened buyer apprehension, as the median sales price reached a record high for the second consecutive month. In June 2024, sales totaled 3.89 million units, a decrease from 4.11 million in May, according to data released Tuesday by the National Association of Realtors (NAR). Year-over-year, sales also fell by 5.4%. The median existing-home price for all housing types in June was $426,900, an all-time high and an increase of 4.1% from $410,100 a year ago. Total housing inventory at the end of June was 1.3

JMP Securities analyst Aaron Hecht reiterates Alexandria Real Estate (NYSE:ARE) with a Market Outperform and maintains $140 price target.

      2024 Guidance MidpointSummary of Key Changes in Guidance As of 7/22/24 As of 4/22/24 Summary of Key Changes in Sources and Uses of Capital As of 7/22/24 As of 4/22/24EPS, FFO per share, and FFO per share, as adjusted See updates below Dispositions, sales of partial interests, and common equity $1,550 $1,400      Ground lease prepayment(1) $135 $—           Key Credit Metric Targets(2)  Net debt and preferred stock to Adjusted EBITDA – 4Q24 annualized Less than or equal to 5.1xFixed-charge coverage ratio – 4Q24 annualized Greater than or equal to 4.5x   Projected 2024 Earnings per Share and Funds From Operations per Share Attributable to    Alexandria's Common Stockholders – Diluted   A

Alexandria Real Estate (NYSE:ARE) reported quarterly earnings of $2.36 per share which beat the analyst consensus estimate of $2.34 by 0.85 percent. This is a 5.36 percent increase over earnings of $2.24 per share from the same period last year. The company reported quarterly sales of $766.70 million which missed the analyst consensus estimate of $776.26 million by 1.23 percent. This is a 7.40 percent increase over sales of $713.90 million the same period last year.

The anticipation of Federal Reserve rate cuts is starting to have a favorable impact on the real estate mortgage market. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased by 13 basis points to 6.87% for the week ending July 12, 2024, down from 7% the prior week, as reported by the Mortgage Bankers Association Wednesday. This decline represents the most significant drop in borrowing costs in around four months and the lowest rate since early March. Fed Rate Cut Bets, Lower Treasury Yields Push Mortgage Rates Down The reduction was largely propelled by rising expectations on Fed rate cuts and the fall i

Evercore ISI Group analyst Steve Sakwa maintains Alexandria Real Estate (NYSE:ARE) with a Outperform and raises the price target from $132 to $133.

A lower-than-expected inflation report for June caused wild market reactions, leading to a surge in traders’ expectations of Federal Reserve rate cuts and boosting assets that are particularly sensitive to high interest rates. As the annual inflation rate slowed from 3.3% to 3%, below the predicted 3.1%, and the monthly reading indicated the first contraction (-0.1%) in four years, traders swiftly increased their odds of a September rate cut, now placing a 92% chance. Surprisingly, large-cap indices such as the S&P 500 and the tech-heavy Nasdaq 100 index fell, dropping 0.9% and 2.1% respectively, with the latter eyeing its worst daily performance of 2024, previously seen on April 30. T

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

Wedbush initiated coverage of Alexandria RE with a rating of Outperform and set a new price target of $120.00