ARE - Alexandria Real Estate Equities, Inc.

NYSE - NYSE Delayed Price. Currency in USD
143.04
-2.29 (-1.58%)
At close: 4:02PM EDT

143.04 0.00 (0.00%)
After hours: 4:59PM EDT

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Previous Close145.33
Open145.09
Bid142.00 x 800
Ask143.08 x 800
Day's Range142.95 - 145.09
52 Week Range109.04 - 153.51
Volume479,837
Avg. Volume894,390
Market Cap16.874B
Beta (3Y Monthly)0.59
PE Ratio (TTM)42.76
EPS (TTM)3.35
Earnings DateJul 29, 2019
Forward Dividend & Yield4.00 (2.75%)
Ex-Dividend Date2019-06-27
1y Target Est151.10
Trade prices are not sourced from all markets
  • Doctor Who Sold $12 Billion Drug Firm Eyes Biotech Property
    Bloomberg10 hours ago

    Doctor Who Sold $12 Billion Drug Firm Eyes Biotech Property

    (Bloomberg) -- A deal-making cancer doctor who sold his pharmaceutical company for almost $12 billion is launching a real estate venture to bolster the growth of the biotechnology industry.Arie Belldegrun’s family office, Bellco Capital, has entered into a joint venture with New York-based real estate developer Tishman Speyer to start Breakthrough Properties, the companies said Tuesday in a statement. The venture said it bought its first property, a 1-acre (0.4 hectare) development site in Boston’s Seaport District, for $80 million, and is exploring other acquisitions in the area as well as in San Francisco.“This came out of necessity,” Belldegrun said in a telephone interview. “I realized that there’s a significant need for an ecosystem in life sciences where scientists can work and interact.”Belldegrun, 69, is a UCLA-based cancer researcher and surgeon who’s emerged as a serial entrepreneur and venture capitalist. He sold Kite Pharma, which develops genetically engineered cancer treatments, in 2017 to Gilead Sciences Inc. for $11.9 billion and since then has helped launch Vida Ventures to start more pharma companies.Boston SiteBreakthrough Properties will provide various business development services to help tenants grow, Belldegrun said. Vida Ventures, his venture capital arm, may also take stakes in the biotech firms. The Seaport District site comes with 250,000 square feet (23,200 square meters) of development rights and is expected to be finished by 2021, according to the statement.Breakthrough’s chief executive officer is Belldegrun’s son Dan, who worked for Tishman Speyer for several years. Belldegrun’s wife, Rebecka, who is also a doctor, manages Bellco Capital, the family office formed in 2003.The venture -- a foray into life-sciences development for Tishman Speyer -- will face competition from companies such as Alexandria Real Estate Equities Inc., which built its business around catering to biotech tenants. About a quarter of Alexandria’s 250 properties are in the Boston area, while the remainder are spread across U.S. cities including San Francisco, New York and San Diego.Breakthrough has its sights set on some of those cities and ultimately has plans to expand globally, according to Tishman Speyer CEO Rob Speyer.“The last thing a life-sciences company should be worrying about is real estate, and we can take that concern off the table for them,” Speyer said in an interview. “We’re going to focus on strategic cities that have biotech companies, leading universities and quality housing options.”Tishman Speyer, whose properties include New York’s Rockefeller Center, last year sold a 13-story building in Boston’s burgeoning Seaport District for $450 million, setting a record for an office transaction in the city.(Adds potential for competition with Alexandria in seventh paragraph.)To contact the reporters on this story: Michael McDonald in Boston at mmcdonald10@bloomberg.net;Lily Katz in New York at lkatz31@bloomberg.netTo contact the editors responsible for this story: Alan Mirabella at amirabella@bloomberg.net, Josh Friedman, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • Tishman Speyer launches life sciences division, starts with South Boston project
    American City Business Journals14 hours ago

    Tishman Speyer launches life sciences division, starts with South Boston project

    At a time when vacancy for lab and life sciences properties in Greater Boston is near zero, real-estate development firm Tishman Speyer has partnered with private equity firm Bellco Capital LLC to launch a life sciences real estate division whose first project will be in South Boston. Name Breakthrough Properties, it plans a global expansion.

  • Alexandria mum on plan for newly acquired Pioneer Square property
    American City Business Journals20 hours ago

    Alexandria mum on plan for newly acquired Pioneer Square property

    The new owner of an old building in Seattle's Pioneer Square isn't saying what he'll do with the property at a prominent corner in Seattle's Pioneer Square. Public records show that Alexandria Real Estate Equities (NYSE: ARE) on Friday paid $12.3 million for the property at South Washington Street and Second Avenue South. The building, which houses Impact Hub Seattle coworking company, previously housed Masins Furniture.

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  • Tishman Speyer makes another big Southie buy
    American City Business Journals6 days ago

    Tishman Speyer makes another big Southie buy

    If Tishman pursues development on the site, it would add to a hub of activity along the Fort Point Channel near the MBTA Broadway Red Line station.

  • PR Newswire7 days ago

    Alexandria Real Estate Equities, Inc. Announces Amendment and Extension of Tender Offer for Any and All of Its Outstanding 2.750% Senior Notes Due 2020 and 4.600% Senior Notes Due 2022

    In addition, in order to provide holders of the Notes with sufficient additional time to evaluate the Offer Amendment, the Company is extending the expiration time and date of the Offer from 5:00 p.m., New York City time, on July 12, 2019, to 5:00 p.m., New York City time, on July 16, 2019 (such time and date, as it may be extended, the "Expiration Time"), unless the Offer is further extended. The Offer is being conducted on the terms and subject to the conditions set forth in the Amended and Restated Offer to Purchase, dated the date hereof (the "Amended and Restated Offer to Purchase") and the related Notice of Guaranteed Delivery attached to the Amended and Restated Offer to Purchase (the "Notice of Guaranteed Delivery"), each as may be further amended.

  • How Does Alexandria Real Estate Equities, Inc. (NYSE:ARE) Fare As A Dividend Stock?
    Simply Wall St.7 days ago

    How Does Alexandria Real Estate Equities, Inc. (NYSE:ARE) Fare As A Dividend Stock?

    Dividend paying stocks like Alexandria Real Estate Equities, Inc. (NYSE:ARE) tend to be popular with investors, and...

  • PR Newswire9 days ago

    Alexandria Real Estate Equities, Inc. Announces Pricing of Public Offering of $750,000,000 of Senior Notes due 2031 $500,000,000 of Senior Notes due 2050

    PASADENA, Calif. , July 8, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (" Alexandria " or the "Company") (NYSE: ARE) today announced that it has priced a public offering ...

  • Why Alexandria Real Estate Equities (ARE) is a Great Dividend Stock Right Now
    Zacks9 days ago

    Why Alexandria Real Estate Equities (ARE) is a Great Dividend Stock Right Now

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Alexandria Real Estate Equities (ARE) have what it takes? Let's find out.

  • PR Newswire9 days ago

    Alexandria Real Estate Equities, Inc. Announces Tender Offer for Any and All of Its Outstanding 2.750% Senior Notes Due 2020 and 4.600% Senior Notes Due 2022

    PASADENA, Calif., July 8, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (ARE) announced today that it has commenced a cash tender offer for any and all of its outstanding (i) 2.750% Senior Notes due 2020 (CUSIP No. 015271 AF6) (the "2020 Notes") and (ii) 4.600% Senior Notes due 2022 (CUSIP No. 015271 AC3) (the "2022 Notes, and together with the 2020 Notes, the "Notes"), on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (the "Offer to Purchase") and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the "Notice of Guaranteed Delivery"). The Notes are fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P. As of July 5, 2019, there were $400,000,000 aggregate principal amount of the 2020 Notes outstanding and $550,000,000 aggregate principal amount of the 2022 Notes outstanding.

  • PR Newswire9 days ago

    Alexandria Real Estate Equities, Inc. Announces Public Offering of Senior Notes

    PASADENA, Calif. , July 8, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (" Alexandria " or the "Company") (NYSE: ARE) today announced that it is commencing an underwritten ...

  • Here’s What Hedge Funds Think About Alexandria Real Estate Equities Inc (ARE)
    Insider Monkey12 days ago

    Here’s What Hedge Funds Think About Alexandria Real Estate Equities Inc (ARE)

    The elite funds run by legendary investors such as David Tepper and Dan Loeb make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don't follow. Because of their pay structures, they have strong incentives to do the research necessary […]

  • Two newcomers dive into Central SoMa with hundreds of units
    American City Business Journals19 days ago

    Two newcomers dive into Central SoMa with hundreds of units

    Despite the lawsuits ongoing in the Central SoMa neighborhood, new developers are still flocking to the upzoned neighborhood.

  • PR Newswire20 days ago

    Alexandria Real Estate Equities, Inc. Releases 2018 Corporate Responsibility Report Highlighting Its Leadership Across ESG

    PASADENA, Calif., June 27, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (ARE), an urban office REIT uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, today announced that it has released its 2018 Corporate Responsibility Report. The report highlights Alexandria's continued execution of its environmental, social and governance (ESG) initiatives, programs and policies. The report also includes an overview of the company's proactive approach to addressing impacts of climate change as well as progress toward its 2025 sustainability goals.

  • PR Newswire22 days ago

    Alexandria Real Estate Equities, Inc. Announces Closing Of Public Offering Of 4,427,500 Shares Of Common Stock, Including Exercise In Full Of Underwriters' Option To Purchase Additional Shares

    PASADENA, Calif., June 25, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (ARE) announced today the closing of its previously announced underwritten public offering of 4,427,500 shares of the Company's common stock at a public offering price of $145.00 per share, including the 577,500 shares sold pursuant to the exercise in full of the underwriters' option to purchase additional shares of the Company's common stock. In connection with the offering, the Company entered into forward sale agreements, between the Company and each of Bank of America, N.A., Citibank, N.A., and JPMorgan Chase Bank, N.A., London Branch (together, the "forward purchasers").

  • Alexandria Prices Upsized Public Offering of 3,850,000 Shares
    Zacks26 days ago

    Alexandria Prices Upsized Public Offering of 3,850,000 Shares

    Alexandria's (ARE) upsizes public offering of 3,850,000 common shares boosts the company's financial flexibility and helps meet its financial obligations efficiently.

  • Why Alexandria Real Estate Equities (ARE) is a Top Dividend Stock for Your Portfolio
    Zacks26 days ago

    Why Alexandria Real Estate Equities (ARE) is a Top Dividend Stock for Your Portfolio

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Alexandria Real Estate Equities (ARE) have what it takes? Let's find out.

  • Alexandria Real Estate Equities (ARE) Moves to Buy: Rationale Behind the Upgrade
    Zacks26 days ago

    Alexandria Real Estate Equities (ARE) Moves to Buy: Rationale Behind the Upgrade

    Alexandria Real Estate Equities (ARE) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • PR Newswire26 days ago

    Alexandria Real Estate Equities, Inc. Announces Pricing Of Upsized Public Offering Of 3,850,000 Shares Of Common Stock

    PASADENA, Calif., June 20, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (ARE) announced today the pricing of its upsized public offering of 3,850,000 shares of common stock at a price of $145.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a 30-day option to purchase up to 577,500 additional shares. The offering is expected to close on or about June 25, 2019, subject to customary closing conditions.

  • PR Newswire27 days ago

    Alexandria Real Estate Equities, Inc. Announces Public Offering Of 3,500,000 Shares Of Common Stock

    PASADENA, Calif., June 20, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (ARE) announced today that it is commencing an underwritten public offering of 3,500,000 shares of common stock in connection with the forward sale agreements described below. The Company expects to grant the underwriters a 30-day option to purchase up to 525,000 additional shares. BofA Merrill Lynch, Citigroup, and J.P. Morgan are acting as joint book-running managers for the offering. The Company expects to enter into forward sale agreements with Bank of America, N.A., Citibank, N.A., and JPMorgan Chase Bank, N.A., London Branch (the "forward purchasers") with respect to 3,500,000 shares of its common stock (and expects to enter into forward sale agreements with respect to an aggregate of 4,025,000 shares if the underwriters exercise their option to purchase additional shares in full).

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    American City Business Journalslast month

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