ALEXANDRIA REAL ESTATE EQUITIES, INC.

10-K & 10-Q Filings

Alexandria Real Estate Equities, Inc. is a Maryland corporation formed in 1994 and taxed as a REIT. The company is a best-in-class, mission-driven life science REIT with a market capitalization of $33.1 billion and an asset base in North America of 73.5 million SF. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations. The company's primary business objective is to maximize long-term asset value and stockholder returns through a multifaceted platform of internal and external growth. Alexandria's strategy includes a unique focus on Class A/A+ properties located in collaborative life science, agtech, and advanced technology mega campuses in AAA innovation clusters. The company's website is www.are.com, and its ticker symbol is ARE on the New York Stock Exchange.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$573.44
586.07
631.15
726.88
843.47
921.71
1128.10
1327.46
1531.30
1885.64
2114.15
2588.96
2885.70
700.79
769.11
14.41%9.75%Cost of Revenue (-)
$168.63
174.52
189.04
219.16
261.23
278.41
325.61
530.22
623.55
783.15
859.18
206.93
218.31
14.53%5.50%Gross Profit (+)
$404.82
411.55
442.11
507.71
582.24
643.30
802.49
1355.41
1490.60
1805.81
2026.52
493.86
550.79
14.36%11.53%Selling, General & Administrative (-)
$41.16
47.80
48.52
53.53
59.62
63.88
75.01
90.41
108.82
133.34
151.46
177.28
199.35
48.20
47.05
14.05%-2.37%Depreciation & Amortization (-)
$157.53
188.85
189.12
224.10
261.29
313.39
416.78
477.66
544.61
698.10
821.06
1002.15
1093.47
265.30
287.55
17.52%8.39%Non-recurring Operating Expenses (-)
$
209.26
0.20
6.31
12.33
48.08
52.67
64.97
461.11
Operating Expenses (-)
$262.10
310.10
307.59
409.13
450.16
696.72
624.09
574.38
665.77
1111.80
1234.62
1341.91
1828.14
327.25
375.45
17.57%14.73%Costs & Expenses (Total) (-)
$430.72
484.63
496.63
628.29
711.39
975.13
949.70
1114.11
1332.51
1642.02
1858.17
2125.07
2687.32
534.18
593.76
16.48%11.15%Operating Income/Loss (+)
$142.72
101.45
134.52
98.59
132.08
-53.42
178.40
213.35
198.79
243.61
255.98
463.90
198.37
166.61
175.34
2.78%5.24%Non-operating Income/Expense (+)
$-6.49
2.23
-1.99
0.03
1.46
-3.41
11.97
42.86
-37.43
-52.52
-55.00
-2.67
0.98
0.19
0.15
-20.10%Interest Expense (-)
$63.41
69.18
67.95
79.30
105.81
106.95
128.65
157.50
173.68
171.61
142.16
94.20
74.20
13.75
40.84
1.32%196.93%Earnings before Tax (+)
$72.83
34.49
64.58
19.32
27.73
-163.79
61.73
98.71
-12.32
19.48
58.82
367.02
125.15
153.05
134.66
4.62%-12.02%Income/Loss (Continuing Operations) (+)
$136.24
101.45
134.53
99.14
146.16
-49.89
194.09
402.79
404.05
827.17
654.28
670.70
280.99
121.69
219.18
6.22%80.11%Income/Loss (Discontinued Operations) (+)
$-0.89
2.22
0.90
1.23
-0.04
Profit/Loss (+)
$135.39
105.53
140.25
106.78
146.11
-49.80
194.20
402.79
404.05
827.17
654.28
670.70
280.99
121.69
219.18
6.27%80.11%Net Income/Loss (NCI) (-)
$3.98
3.40
4.03
5.20
1.90
16.10
25.11
23.48
40.88
56.21
83.03
149.04
177.35
43.83
48.63
37.23%10.95%Net Income/Loss (+)
$131.42
102.13
136.22
72.11
144.22
-65.90
169.09
379.31
363.17
770.96
571.25
521.66
103.64
77.86
170.54
-1.96%119.03%Preferred & Other Distributions (-)
$28.36
27.33
25.89
25.70
24.99
20.22
7.67
5.06
3.20
Net Income/Loss (Common) (+)
$103.06
74.80
110.33
72.11
116.87
-151.14
145.40
363.98
351.00
760.79
563.40
513.27
92.44
75.26
166.89
-0.90%121.76%EPS (Basic)
$
1.01
1.63
-1.99
1.59
3.53
3.13
6.03
3.83
3.18
0.54
0.44
0.97
120.45%EPS (Diluted)
$1.73
1.09
1.58
3.52
3.12
6.01
3.82
3.18
0.54
0.44
0.97
-9.25%120.45%Weighted Avg Shares (Basic)
72.03
73.38
88.88
101.24
112.73
122.70
136.69
159.94
173.09
174.97
173.01
174.88
1.08%Cash
$101.87
180.92
85.41
112.89
153.97
141.37
277.19
272.13
242.69
597.71
415.23
857.98
660.77
1298.38
731.70
16.86%-43.65%Receivables
$149.58
178.84
200.34
244.67
291.06
345.72
444.99
540.03
652.54
730.08
846.71
950.26
1058.53
983.06
1146.40
17.71%16.62%Securities & Long-term Investments
$6008.44
6424.58
6776.91
7462.40
7983.39
9420.45
10821.27
11913.69
14844.04
18092.37
24980.67
29945.44
31633.51
30889.40
32323.14
14.85%4.64%Other Assets
$314.24
365.77
467.10
316.06
482.71
447.35
560.50
1739.10
2651.24
3407.72
3976.76
3769.72
3418.59
3741.62
3497.81
22.01%-6.52%Assets (Total)
$6574.13
7150.12
7529.76
8136.04
8911.12
10354.89
12103.95
14464.96
18390.50
22827.88
30219.37
35523.40
36771.40
36912.46
37699.05
15.43%2.13%Accounts Payable
$36.58
41.40
54.42
547.90
651.36
808.59
855.98
1091.99
1446.55
1820.81
2394.26
2680.39
2832.77
2688.39
2725.97
43.69%1.40%Debt (Non-current)
$2779.26
1282.14
912.83
3678.58
3965.80
4164.02
4764.81
5478.26
6777.48
7563.29
8791.87
10159.76
11315.64
11537.31
12217.16
12.41%5.89%Other Liabilities
$325.39
2323.51
2583.57
0.00
Liabilities (Total)
$3141.24
3647.06
3550.82
4226.48
4617.16
4972.61
5620.78
6570.24
8224.02
9384.10
11186.12
12840.15
14148.41
14225.70
14943.13
13.36%5.04%AOCI
$-34.51
-24.83
-36.20
-0.63
49.19
5.36
50.02
-10.44
-9.75
-6.63
-7.29
-20.81
-15.90
-20.54
-23.82
-15.97%Shareholder's Equity
$3416.86
3488.49
3964.50
3895.24
4279.75
5370.97
6471.66
7883.93
10154.18
13432.44
19023.64
22673.63
22606.51
22641.90
22739.30
17.05%0.43%Liabilities & Equity
$6574.13
7150.12
7529.76
8136.04
8911.12
10354.89
12103.95
14464.96
18390.50
22827.88
30219.37
35523.40
36771.40
36912.46
37699.05
15.43%2.13%Net Income/Loss
$135.39
105.53
140.25
106.78
146.11
-49.80
194.20
402.79
404.05
827.17
654.28
670.70
280.99
121.69
219.18
6.27%80.11%Depreciation & Amortization
$13.12
10.34
10.46
11.03
10.63
324.76
425.42
485.53
549.94
705.04
830.46
1016.08
1110.17
269.23
292.01
44.75%8.46%Increase/Decrease in Working Capital
$39.59
-15.29
4.79
15.63
40.70
-34.21
67.38
-25.58
37.19
70.38
95.27
122.71
-2.03
92.21
65.62
-28.84%Share-based Compensation
$11.76
14.16
15.55
14.00
17.51
25.43
25.61
35.02
43.64
43.50
48.67
57.74
82.86
16.49
17.13
17.67%3.88%Adjustments to Reconcile Net Income
$111.57
200.00
172.48
227.55
196.50
442.30
256.12
167.55
279.79
55.34
355.92
623.62
1349.56
183.88
121.98
23.09%-33.66%Net Cash (Operating)
$246.96
305.53
312.73
334.32
342.61
392.50
450.32
570.34
683.86
882.51
1010.20
1294.32
1630.55
305.57
341.16
17.03%11.65%Capital Expenditure
$740.32
561.72
579.48
614.84
641.27
1448.04
1571.71
2060.17
3579.78
3272.29
6952.64
5190.84
2488.30
1050.91
870.60
10.63%-17.16%Net Cash (Investing)
$-733.58
-558.10
-591.38
-634.83
-722.39
-1496.63
-1738.13
-2161.76
-3641.32
-3278.16
-7107.32
-5080.46
-2500.62
-1039.66
-894.85
13.93%Increase/Decrease in Debt
$-2122.10
809.47
-119.01
567.66
204.65
17.85
597.51
718.22
1290.97
829.55
1255.74
1572.10
1156.13
1385.63
909.02
-34.40%Increase/Decrease in Equity
$480.97
214.46
514.54
-22.51
67.88
1415.50
1247.44
1260.03
1180.02
2283.55
3481.06
2310.83
87.80
-9.99
-10.12
-13.21%-1.29%Interest Expenses
$52.32
52.56
59.86
57.97
93.86
84.91
112.11
127.09
146.16
161.35
139.47
63.19
46.58
21.52
34.90
-0.96%62.19%Dividends Paid
$135.25
154.32
194.96
228.27
243.09
262.76
321.75
385.84
451.17
532.98
655.97
757.74
847.48
209.13
221.82
16.52%6.07%Net Cash (Financing)
$479.16
314.86
197.57
331.31
419.13
1105.52
1415.43
1588.43
2927.48
2750.36
5916.36
4229.77
674.16
1174.81
624.43
2.89%-46.85%Effect of Exchange Rate
$-5.23
0.14
-2.20
-2.49
-0.26
-1.46
1.72
-2.07
0.54
0.31
-1.71
-0.89
-1.29
-0.31
0.19
162.75%Increase/Decrease in Cash
$-12.69
62.43
-83.28
28.32
39.09
-0.07
129.35
-5.06
-29.44
355.02
-182.48
442.75
-197.20
440.41
70.92
-83.90%Cash (Beginning)
$91.23
78.54
140.97
57.70
86.01
125.10
125.03
277.19
272.13
242.69
597.71
415.23
857.98
857.98
660.77
20.53%-22.98%Cash (Ending)
$78.54
140.97
57.70
86.01
125.10
125.03
254.38
272.13
242.69
597.71
415.23
857.98
660.77
1298.38
731.70
19.42%-43.65%NOPAT
$142.72
101.45
134.52
98.59
132.08
-53.42
178.40
213.35
198.79
243.61
255.98
463.90
198.37
166.61
175.34
2.78%5.24%Gross Margin %
70.59%
70.22%
70.05%
69.85%
69.03%
69.79%
71.14%
71.88%
70.51%
69.75%
70.23%
70.47%
71.61%
Operating Margin %
24.89%
17.31%
21.31%
13.56%
15.66%
-5.80%
15.81%
16.07%
12.98%
12.92%
12.11%
17.92%
6.87%
23.77%
22.80%
NOPAT Margin %
24.89%
17.31%
21.31%
13.56%
15.66%
-5.80%
15.81%
16.07%
12.98%
12.92%
12.11%
17.92%
6.87%
23.77%
22.80%
Net Margin %
22.92%
17.43%
21.58%
9.92%
17.10%
-7.15%
14.99%
28.57%
23.72%
40.89%
27.02%
20.15%
3.59%
11.11%
22.17%
ROA
2.17%
1.42%
1.79%
1.21%
1.48%
-0.52%
1.47%
1.47%
1.08%
1.07%
0.85%
1.31%
0.54%
0.45%
0.47%
ROE
4.18%
2.91%
3.39%
2.53%
3.09%
-0.99%
2.76%
2.71%
1.96%
1.81%
1.35%
2.05%
0.88%
0.74%
0.77%
Equity Multiplier
1.92
2.05
1.90
2.09
2.08
1.93
1.87
1.83
1.81
1.70
1.59
1.57
1.63
1.63
1.66
Debt/Equity Ratio
0.81
0.37
0.23
0.94
0.93
0.78
0.74
0.69
0.67
0.56
0.46
0.45
0.50
0.51
0.54
Dividend Payout Ratio %
94.76%
152.12%
144.93%
231.54%
184.05%
491.88%
180.36%
180.85%
226.96%
218.78%
256.26%
163.34%
427.21%
125.52%
126.51%
Total Payout
$1828.70
-817.05
-140.72
-258.91
64.41
-1085.67
-1411.09
-1465.32
-1873.66
-2418.77
-3941.37
-3062.00
-349.86
-1144.99
-642.18
43.91%Payout Ratio %
1281.32%
-805.40%
-104.60%
-262.62%
48.77%
-2032.34%
-790.99%
-686.83%
-942.53%
-992.87%
-1539.72%
-660.06%
-176.37%
-687.23%
-366.24%