Alexandria Real Estate Equities, Inc. (ARE) announced a 2.4% sequential hike in its second-quarter 2024 cash dividend payment. Delighting its shareholders, the company will now pay out a dividend of $1.30 per share, up from the $1.27 paid out in the prior quarter. The increased dividend will be paid out on Jul 15 to shareholders on record as of Jun 28, 2024.Based on the increased rate, the annual dividend comes to $5.20 per share. This results in an annualized yield of about 4.42%, considering Alexandria’s ...

gorodenkoff Higher interest rates have significantly reduced investor interest in utilities (XLU) and real estate (VNQ), with these two sectors currently representing only 2.3% and 2.2% of the S&P 500 index (SPY) respectively. This is one of the lowest weightings real estate has had in the index, while technology companies (XLK) are close to a record high. During the dot-com era, tech stocks reached over 35% of the S&P 500's value, while information technology is currently listed with a 29.2% weighting. ...

A view of researchers working in a lab. sanjeri/E+ via Getty Images To me, investing is all about analyzing trends and discerning where the economy and the world is heading. It's compatible with my calculating temperament and personality, so that's probably why I enjoy it so much. One trend that I still believe is showing no signs of slowing down is the need for breakthrough treatments and advances in existing treatments. As many advances have been made in recent years, more than 90% of rare diseases stil ...

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 (41 ...

MarsBars Berkshire Hathaway's (BRK.A)(BRK.B) annual meeting in Omaha this month made headlines in many ways, and one key takeaway is how its cash balance continues to swell to the tune of a staggering $189 billion. One of the drawbacks to growing a company to the size of BRK is that opportunities to deploy sizable chunks of capital are limited to only the largest of equity market caps out there, namely stocks like Apple (AAPL), Bank of America (BAC), and Chevron (CVX), which are among BRK's top 5 holdings. ...

blackredDear readers, Alexandria Real Estate Equities (NYSE:ARE) has been one of my favorite REITs and represents one of my largest REIT holdings today at nearly 5% of my portfolio. Therefore, it should not come as a surprise that I have spent a lot of time researching the stock. I started coverage on the stock in March 2023 and have published a number of bullish articles since, outlining my reasons for investing in the stock. In September 2023, I dove deep into Alexandria's business model and tried to ...

Altayb Introduction The other day, I came across the chart below. While I usually don't use old charts - let alone charts that turned five years old earlier this year - there are two interesting findings. The average investor is horrible at managing his/her investments. In the 1999-2018 period, the average investor has returned just 1.9% per year. That's below the average annual inflation rate of 2.2%. During this period, the S&P 500 has returned 5.6% per year. REITs have been a great place to put money, ...

EschCollection Summer last year, I wrote a bullish article on Alexandria Real Estate Equities, Inc. (NYSE:ARE), where I upgraded the stock to buy due to the combination of the following aspects: Historically depressed P/FFO multiple. Strong like-for-like performance with no signs of deterioration going forward. Robust balance sheet, where the embedded structure of borrowings shields ARE from materially rising interest expense. In a nutshell, it seemed that ARE had suffered a meaningful multiple contr ...

Financial Data and Key Metrics Changes - The company reported a 9.7% increase in total revenues and an 11.5% increase in NOI for Q1 2024 compared to Q1 2023, driven by solid same-property performance and execution of development strategies [27][28] - FFO per share diluted as adjusted was $2.35, up 7.3% year-over-year, exceeding consensus estimates [27][28] - Collections remained high at 99.9%, with adjusted EBITDA margins at 72% [28][29] Business Line Data and Key Metrics Changes - The company achieved 7.6% year-over-year NOI growth and 7.3% year-over-year FFO growth, alongside a 5% increase in dividends [8] - Leasing volume for the quarter was strong at 1.1 million square feet, consistent with pre-pandemic levels, with GAAP and cash rental rate increases of 33% and 19% respectively [29][30] - Same property NOI growth for Q1 2024 was solid at 1% and 4.2% on a cash basis [28][30] Market Data and Key Metrics Changes - In Greater Boston, unleased competitive supply decreased significantly from 7% to 1.6% of market inventory due to new deliveries [22][24] - Direct vacancy in Greater Boston increased to 12.98%, while San Francisco and San Diego also saw increases in direct vacancy rates [24] - The company expects 2024 to be the peak year for new deliveries, with a subsequent decrease in 2025 [22][24] Company Strategy and Development Direction - The company is focused on leasing for the 2025 pipeline and redevelopment space, with a strong emphasis on maintaining high occupancy rates [9][20] - The company plans to recycle approximately $1.4 billion of capital in 2024, with $275 million of noncore assets sold or pending [9][26] - The company aims to grow its operating base by 78% over time through significant construction and pre-construction activities [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the life sciences sector's recovery, citing strong venture capital activity and a robust pipeline of new therapies [12][60] - The management noted that the current macroeconomic environment remains challenging, with high interest rates and inflation impacting operations [6][60] - The company anticipates a strong demand recovery in 2025, driven by ongoing investments in the life sciences sector [60][64] Other Important Information - The company has a strong balance sheet with low leverage at 5.2 times net debt to adjusted EBITDA and significant liquidity of $6 billion [35][36] - The company reiterated its full-year 2024 guidance for FFO per share diluted as adjusted at $9.47, representing a 5.6% growth over 2023 [28][39] Q&A Session Summary Question: Follow-up on asset recycling - Management clarified that there is no pause in asset recycling activity, with ongoing brisk sales expected in the latter half of the year [41][43] Question: Competitive supply and leasing environment - Management indicated that new supply is not competing effectively with their offerings, as their brand and operational excellence attract tenants [75][76] Question: Development yields and interest rates - Management discussed the importance of considering long-term internal rates of return when evaluating development opportunities, despite current high interest rates [80]

marrio31 Alexandria Real Estate Equities, Inc. (NYSE:ARE) investors have struggled to replicate the market-beating performance in late 2023, as ARE met with stiff selling resistance after it topped out in December 2023. Interestingly, ARE's relative underperformance over the past few months coincided with the resurgence in long-term bond yields, as seen in the recovery of the United States 10-Year Bond Yield (US10Y). Observant real estate investors should have assessed the 10Y bottomed out in December at th ...