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Alexandria Real Estate Equities, Inc. - ARE STOCK NEWS

Welcome to our dedicated page for Alexandria Real Estate Equities news (Ticker: ARE), a resource for investors and traders seeking the latest updates and insights on Alexandria Real Estate Equities stock.

Alexandria Real Estate Equities, Inc. (NYSE: ARE) is the largest office REIT specializing in collaborative science and technology campuses situated in urban innovation clusters. Established in 1994, Alexandria has pioneered this niche market, growing a formidable presence in top-tier locations like Greater Boston, San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle Park. The company is renowned for its top-quality, diverse tenant base, which includes life science, agtech, and technology firms.

With a track record of developing Class A properties, Alexandria offers dynamic, collaborative environments that bolster tenant recruitment and retention, creativity, and productivity. Its urban campuses provide tenants with state-of-the-art facilities, including robust lab spaces and strategic amenities designed to enhance innovation and efficiency.

Recent achievements include a public offering of senior notes, with proceeds intended for general corporate purposes and strategic acquisitions, and notable investments from tenants like AstraZeneca for advanced cell therapy manufacturing. Additionally, Alexandria's partnerships extend to major biopharmaceutical companies like Takeda, underscoring its crucial role in supporting groundbreaking research and development.

Financially strong, Alexandria continues to generate substantial net cash from operations, allowing for regular dividend payouts and significant reinvestment into new projects. The company's ability to attract strategic capital through its venture platform underscores its influence in nurturing transformative life sciences and technology ventures.

Alexandria's significance in the REIT sector is further exemplified by its market capitalization of $33.1 billion and an asset base of 73.5 million SF across North America. The company's commitment to sustainability, innovation, and tenant success underscores its status as a leading, mission-driven life science REIT making a lasting positive impact on the world. For more details, visit www.are.com.

News

Alexandria Real Estate Equities, Inc. Announces Long-Term 99,557 RSF Lease With CARGO Therapeutics for Its New Headquarters and R&D Center at the Alexandria Center for Life Science - San Carlos Mega Campus in the San Francisco Bay Area

Rhea-AI Summary
Alexandria Real Estate Equities, Inc. (NYSE: ARE) has executed a long-term lease with CARGO Therapeutics for 99,557 RSF at 835 Industrial Road on the Alexandria Center for Life Science – San Carlos mega campus. CARGO, a clinical-stage biotechnology company, raised approximately $291 million in its IPO in November 2023 and is focused on advancing its platform technologies and a pipeline of potentially curative, next-generation cell therapies. The move to the Alexandria Center demonstrates the desirability of Alexandria's mega campus platform and the essential, reusable and re-leasable nature of its best-in-class Labspace infrastructure.
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Alexandria Real Estate Equities, Inc. Elects Sheila McGrath to Board of Directors

Rhea-AI Summary
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced the election of Sheila K. McGrath as an independent director. McGrath brings extensive experience in commercial real estate and equity research, adding significant value to the company and its stockholders.
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Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.27 per Common Share for 4Q23, an Increase of 3 Cents Over 3Q23, and an Aggregate of $4.96 per Common Share for 2023, an Increase of 24 Cents, or 5 Percent, Over 2022

Rhea-AI Summary
Alexandria Real Estate Equities, Inc. (NYSE: ARE) declared a quarterly cash dividend of $1.27 per common share for Q4 2023, representing a 5% increase over the previous year. The company expects to generate $1.8 billion of net cash provided by operating activities after dividends for the five-year period ending December 31, 2023. The dividend payout ratio remains favorably low at 55% for the three months ended September 30, 2023.
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Alexandria Real Estate Equities, Inc. to Hold Its Fourth Quarter and Year End 2023 Operating and Financial Results Conference Call and Webcast on January 30, 2024

Rhea-AI Summary
Alexandria Real Estate Equities, Inc. (NYSE: ARE) will hold a conference call and audio webcast on January 30, 2024, to discuss its fourth quarter and year-end 2023 operating and financial results. The company will release the results after the market closes on January 29, 2024. Participants can join the call by dialing (833) 366-1125 (U.S.) or (412) 902-6738 and accessing the webcast on the company's website. A replay will be available from January 30 to February 6, 2024.
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Alexandria Real Estate Equities, Inc. Announces Exclusive Partnership With Lilly to Expand Lilly Gateway Labs to San Diego

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Alexandria Real Estate Equities, Inc. (NYSE: ARE) and Eli Lilly and Company (NYSE: LLY) are collaborating to expand Lilly's innovative Gateway Labs model to the San Diego life science cluster, providing emerging biotechnology companies with mission-critical, flexible laboratories and essential, integrated nontechnical space, opportunities to collaborate with Lilly, and access to capital through Lilly and its venture network. The new Gateway Labs site will be located in Alexandria's University Town Center (UTC) submarket, aiming to accelerate the growth of the San Diego cluster's next generation of leading life science companies.
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Alexandria Real Estate Equities, Inc. Reports: 3Q23 and YTD 3Q23 Net Income per Share - Diluted of $0.13 and $1.08, respectively; and 3Q23 and YTD 3Q23 FFO per Share - Diluted, As Adjusted, of $2.26 and $6.69, respectively

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Alexandria Real Estate Equities announces financial and operating results for Q3 2023
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Alexandria Real Estate Equities, Inc. Launches Creation of a First-of-Its-Kind Commercial Life Science Ecosystem in The Woodlands, Greater Houston With the Grand Opening of the Alexandria Center for Advanced Technologies, a Highly Amenitized, Transit-Friendly, Cost-Effective Class A Laboratory Campus

Rhea-AI Summary
Alexandria Real Estate Equities celebrates the grand opening of the Alexandria Center for Advanced Technologies at The Woodlands, a multi-tenant campus in the Greater Houston life science cluster. The campus features purpose-built laboratory infrastructure and amenities to support scientific innovation and collaboration.
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Alexandria Real Estate Equities, Inc. to Present Mission-Critical Panel on "A National Imperative to Combat Mental Illness and Addiction" at the 2023 Galien Forum USA

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Alexandria Real Estate Equities to present panel on combating mental illness and addiction at Galien Forum USA
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Alexandria Real Estate Equities, Inc. Awarded GRESB 4 Star Ratings and Seventh Consecutive Green Star Designation in the 2023 GRESB Real Estate Assessment, Reinforcing Its Sustained ESG Leadership and Performance

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Alexandria Real Estate Equities earns top ranking in GRESB Real Estate Assessment for ESG practices
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Alexandria Real Estate Equities, Inc.'s Solid Baa1 Credit Rating With Stable Outlook Affirmed by Moody's

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Alexandria Real Estate Equities' credit ratings affirmed by Moody's Investors Service
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FAQ

What is the current stock price of Alexandria Real Estate Equities (ARE)?

The current stock price of Alexandria Real Estate Equities (ARE) is $99.17 as of December 20, 2024.

What is the market cap of Alexandria Real Estate Equities (ARE)?

The market cap of Alexandria Real Estate Equities (ARE) is approximately 17.3B.

What does Alexandria Real Estate Equities, Inc. do?

Alexandria Real Estate Equities, Inc. specializes in developing and operating collaborative science and technology campuses in urban innovation clusters.

Where are Alexandria Real Estate properties located?

Alexandria has properties in major innovation clusters, including Greater Boston, San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.

Who are Alexandria's primary tenants?

Alexandria's tenants include leading companies in life sciences, agtech, and technology sectors.

What recent achievements has Alexandria Real Estate Equities accomplished?

Recent achievements include a public offering of senior notes and significant investments from biopharmaceutical companies like AstraZeneca for advanced manufacturing facilities.

What is Alexandria's financial condition?

Alexandria is financially robust, generating substantial net cash from operations, which supports regular dividends and strategic reinvestment.

How does Alexandria support innovation?

Alexandria provides dynamic, collaborative environments with state-of-the-art facilities and strategic amenities designed to enhance innovation and tenant success.

What is the market capitalization of Alexandria Real Estate Equities?

As of the latest data, Alexandria has a market capitalization of $33.1 billion.

How does Alexandria contribute to sustainability?

Alexandria is committed to sustainability through strategic efforts to enhance the environmental performance and sustainability attributes of its properties.

What is Alexandria's venture platform?

Alexandria's venture platform provides strategic capital to transformative life sciences, agtech, and technology companies, supporting their growth and innovation.

Where can I find more information about Alexandria Real Estate Equities?

More information can be found on their website: www.are.com.

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Alexandria Real Estate Equities, Inc.

NYSE:ARE

ARE Rankings

#600 Ranked by Market Cap
#549 Ranked by Dividends

ARE Stock Data

17.28B
172.74M
0.9%
94.8%
1.73%
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