(VIANEWS) – The NYSE opens in less than two hours and Alexandria Real Estate Equities‘s pre-market value is already 4.99% up.
Alexandria Real Estate Equities’s last close was $161.58, 21.89% below its 52-week high of $206.85.
The last session, NYSE finished with Alexandria Real Estate Equities (ARE) falling 0.27% to $161.58. NYSE dropped 0.21% to $15,840.16, after four successive sessions in a row of losses, on what was a somewhat bearish trend trading session.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc. (NYSE:ARE) is an S&P 500 urban office real estate investment trust ("REIT"). The firm is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF"). The asset base in North America includes 31.9 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction, 7.1 million RSF of near-term and intermediate-term development and redevelopment projects, and 7.4 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, technology, and agtech campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, technology, and agtech companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.
Earnings Per Share
As for profitability, Alexandria Real Estate Equities has a trailing twelve months EPS of $5.74.
PE Ratio
Alexandria Real Estate Equities has a trailing twelve months price to earnings ratio of 28.16. Meaning, the purchaser of the share is investing $28.16 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 3.53%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 19.8%, now sitting on 2.5B for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 59.6% and 186.5%, respectively.
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