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Last $94.48 USD
Change Today +1.15 / 1.23%
Volume 225.5K
As of 4:15 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

alexandria real estate equit (ARE) Snapshot

Open
$93.36
Previous Close
$93.33
Day High
$94.70
Day Low
$93.36
52 Week High
03/23/15 - $102.96
52 Week Low
09/26/14 - $72.91
Market Cap
6.8B
Average Volume 10 Days
265.7K
EPS TTM
$1.71
Shares Outstanding
72.0M
EX-Date
03/27/15
P/E TM
55.1x
Dividend
$2.96
Dividend Yield
3.09%
Current Stock Chart for ALEXANDRIA REAL ESTATE EQUIT (ARE)

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alexandria real estate equit (ARE) Details

Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. Its properties consist of buildings containing scientific research and development laboratories, and other improvements. The company offers its properties for lease primarily to universities and independent not-for-profit institutions; and pharmaceutical, biotechnology, medical device, life science product, service, biodefense, and translational research entities, as well as governmental agencies. As of December 31, 2006, it had 159 properties, including 156 properties located in 9 states in the United States and 3 properties located in Canada. As a REIT, the company is not subject to federal income tax to the extent that it distributes 100% of its taxable income to its stockholders. The company was founded in 1993 and is based in Pasadena, California.

243 Employees
Last Reported Date: 02/24/15
Founded in 1993

alexandria real estate equit (ARE) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $895.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $1.1M
Chief Operating Officer and Regional Market D...
Total Annual Compensation: $1.1M
Executive Vice President and Regional Market ...
Total Annual Compensation: $1.1M
Executive Vice President and Regional Market ...
Total Annual Compensation: $935.0K
Compensation as of Fiscal Year 2014.

alexandria real estate equit (ARE) Key Developments

Alexandria Real Estate Equities, Inc. Announces Amendment to its Bylaws

On and effective May 7, 2015, the Board of Directors of Alexandria Real Estate Equities, Inc. amended the Bylaws of Alexandria to add a forum selection provision. The forum selection provision generally provides that, unless Alexandria consents in writing to the selection of an alternative forum, the Circuit Court for Baltimore City, Maryland, or, if that Court does not have jurisdiction, the United States District Court for the District of Maryland, Baltimore Division, will be the sole and exclusive forum for any derivative action or proceeding brought on behalf of Alexandria; any action asserting a claim of breach of any duty owed by any director or officer or other employee of Alexandria to Alexandria or to the stockholders of Alexandria; any action asserting a claim against Alexandria or any director or officer or other employee of Alexandria arising pursuant to any provision of the Maryland General Corporation Law or Alexandria's charter or bylaws, or any action asserting a claim against Alexandria or any director or officer or other employee of Alexandria that is governed by the internal affairs doctrine.

Alexandria Real Estate Equities, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015; Reports Impairment of Real Estate for the First Quarter of 2015

Alexandria Real Estate Equities, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of USD 196,753,000 compared to USD 176,186,000 a year ago. Income from continuing operations was USD 25,051,000 or USD 0.25 per basic and diluted share compared to USD 40,911,000 or USD 0.46 per basic and diluted share a year ago. Net income attributable to company’s common stockholders was USD 17,786,000 or USD 0.25 per basic and diluted share compared to USD 32,709,000 or USD 0.46 per basic and diluted share a year ago. The company reported negative FFO of USD 1,141,000 compared to USD 1,629,000 a year ago. FFO attributable to the company's common stockholders - diluted was USD 91,322,000 or USD 1.28 per basic and diluted share against USD 83,070 or USD 1.17 per basic and diluted share a year ago. AFFO attributable to the company’s stock holders was USD 78,573 or USD 1.10 per diluted share compared to USD 71,388 or USD 1.00 per diluted share a year ago. Growth in FFO and cash flows for the quarter was again driven by strong internal growth, including 18.5% cash rental rate increases on lease renewals/re-leasing of space and a 7.8% cash same property NOI increase. Net operating income including share of unconsolidated joint ventures, was USD 136.4 million, up USD 12.7 million, or 10.3%, compared to USD 123.7 million for first quarter of 2014. Net cash provided by operating activities after dividends were USD 31,000,000. For the year ending December 31, 2015, FFO per share is expected to be in the range of USD 5.17 to USD 5.27. Midpoint of range increased by USD 0.02 to USD 5.22 and narrowed range from USD 0.20 to USD 0.10, driven by strong rental rate increases on leasing activity. Earnings per share are expected to be in the range of USD 1.42 to USD 1.52. The company expects depreciation and amortization per share of USD 3.57 and impairment of real estate per share of USD 0.20. The company reported impairment of real estate of USD 14,510,000.

Alexandria Real Estate Equities, Inc. Presents at Boston CEO Conference, May-26-2015 09:00 AM

Alexandria Real Estate Equities, Inc. Presents at Boston CEO Conference, May-26-2015 09:00 AM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: Thomas J. Andrews, Executive Vice President and Regional Market Director of Greater Boston.

 

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