Financials Alexandria Real Estate Equities, Inc.

Equities

ARE

US0152711091

Commercial REITs

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
116.2 USD -0.90% Intraday chart for Alexandria Real Estate Equities, Inc. +0.48% -8.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,606 24,050 34,551 23,903 22,030 20,328 - -
Enterprise Value (EV) 1 25,194 31,044 42,981 33,237 32,727 32,082 32,219 32,483
P/E ratio 51.8 x 29.7 x 58.4 x 45.8 x 235 x 31.7 x 32.5 x 35.1 x
Yield 2.48% 2.38% 2.01% 3.24% 3.91% 4.37% 4.57% 4.81%
Capitalization / Revenue 12.2 x 12.8 x 16.3 x 9.23 x 7.63 x 6.49 x 6.13 x 5.77 x
EV / Revenue 16.5 x 16.5 x 20.3 x 12.8 x 11.3 x 10.2 x 9.72 x 9.21 x
EV / EBITDA 25.8 x 25.4 x 32.1 x 20.4 x 17.9 x 15.1 x 14.6 x 14.1 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.05 x 1.92 x 2.02 x 1.31 x 1.17 x 0.97 x 0.97 x 0.98 x
Nbr of stocks (in thousands) 115,151 134,944 154,964 164,087 173,775 174,883 - -
Reference price 2 161.6 178.2 223.0 145.7 126.8 116.2 116.2 116.2
Announcement Date 2/3/20 2/1/21 1/31/22 1/30/23 1/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,531 1,886 2,114 2,589 2,886 3,131 3,314 3,525
EBITDA 1 977 1,222 1,339 1,629 1,827 2,122 2,207 2,297
EBIT 1 432.4 524 518.1 626.4 733.7 741.9 802.5 917.6
Operating Margin 28.24% 27.79% 24.51% 24.19% 25.43% 23.7% 24.21% 26.03%
Earnings before Tax (EBT) 1 404 827.2 654.3 670.7 281 688.9 740.6 807.3
Net income 1 351 760.8 563.4 513.3 92.44 581.6 602.9 613.8
Net margin 22.92% 40.35% 26.65% 19.83% 3.2% 18.58% 18.19% 17.41%
EPS 2 3.120 6.010 3.820 3.180 0.5400 3.665 3.577 3.311
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 4.000 4.240 4.480 4.720 4.960 5.080 5.316 5.592
Announcement Date 2/3/20 2/1/21 1/31/22 1/30/23 1/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 576.9 615.1 643.8 659.9 670.3 700.8 713.9 713.8 757.2 769.1 777 785.2 794.1 816.9 830.3
EBITDA 1 359.6 392.8 404.1 408.7 422.9 445.7 456.2 450.1 475.2 503.7 528.9 534.2 540 540.9 548.2
EBIT 1 120.3 152.1 162 153.8 158.5 180.4 182.6 180.7 190 216.2 175.2 179.3 184 215.4 223.9
Operating Margin 20.85% 24.74% 25.17% 23.3% 23.64% 25.74% 25.58% 25.32% 25.09% 28.11% 22.54% 22.83% 23.17% 26.37% 26.97%
Earnings before Tax (EBT) 1 - - 390.4 - - - - - - 219.2 162.2 169.3 169 171 175
Net income 1 72.8 -151.6 269.3 341.4 51.79 75.26 87.26 21.86 -91.93 166.9 139.5 146.1 151 127.1 126.6
Net margin 12.62% -24.66% 41.83% 51.74% 7.73% 10.74% 12.22% 3.06% -12.14% 21.7% 17.96% 18.6% 19.02% 15.55% 15.25%
EPS 2 0.4700 -0.9600 1.670 2.110 0.3100 0.4400 0.5100 0.1300 -0.5400 0.9700 0.8650 0.9000 0.9300 0.8051 0.8085
Dividend per Share 2 1.150 1.150 1.180 1.180 1.210 1.210 1.240 1.240 1.270 1.270 1.270 1.270 1.281 1.290 1.303
Announcement Date 1/31/22 4/25/22 7/25/22 10/24/22 1/30/23 4/24/23 7/24/23 10/23/23 1/29/24 4/22/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,588 6,995 8,431 9,335 10,697 11,754 11,891 12,154
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.743 x 5.724 x 6.295 x 5.732 x 5.855 x 5.539 x 5.388 x 5.292 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 3.34% 7.39% 4.04% 2.75% 3.06% 2.94% 2.7% 2.86%
ROA (Net income/ Total Assets) 1.65% 3.69% 2.12% 1.56% 1.59% 1.4% 1.45% 1.53%
Assets 1 21,329 20,609 26,524 32,871 5,832 41,629 41,611 40,096
Book Value Per Share 2 78.80 93.00 110.0 111.0 108.0 120.0 120.0 119.0
Cash Flow per Share 2 6.080 6.980 6.850 8.010 9.540 8.930 9.300 9.190
Capex 1 - 4,016 - - - 821 67.7 874
Capex / Sales - 212.97% - - - 26.22% 2.04% 24.81%
Announcement Date 2/3/20 2/1/21 1/31/22 1/30/23 1/29/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
116.2 USD
Average target price
143.9 USD
Spread / Average Target
+23.81%
Consensus
  1. Stock Market
  2. Equities
  3. ARE Stock
  4. Financials Alexandria Real Estate Equities, Inc.