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Alexandria Real Estate Equities (ARE)
NYSE:ARE
Holding ARE?
Track your performance easily
Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
$0.92Last Year’s EPS
-$0.54Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 21, 2024
|% Change Since: -17.03%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Alexandria's strong financial and operational performance, with significant revenue and leasing growth. However, it also acknowledged the challenging economic environment and pressures from competitive supply and lease expirations. The balance sheet remains strong, and the company is actively managing its asset portfolio.Company Guidance
During the Alexandria Real Estate Equities (ARE) Q3 2024 earnings call, the company provided robust guidance on various financial and operational metrics. For Q3, ARE reported a 10.9% increase in total revenues and a 12.5% increase in NOI compared to Q3 2023, with FFO per share diluted up 4.9% year-over-year at $2.37. The company highlighted a strong leasing volume, with 1.5 million square feet leased in the third quarter alone, marking a 48% increase over the trailing four-quarter average. ARE continues to maintain high occupancy rates at 94.7% and impressive rental collections at 99.9%. The life science industry remains a focal point, with 257 FDA-approved medicines developed or commercialized by ARE tenants since 2013, reflecting the company's strategic positioning in the sector. The company has $1.5 billion in completed and pending dispositions aimed at reinforcing its mega campus strategy, which currently contributes to 76% of its annual rental revenue. Moving forward, ARE anticipates strong rental rate growth for the full year of 2024, expecting increases of 11% to 19% on a GAAP basis and 5% to 13% on a cash basis.Strong Financial Performance
Total revenues and NOI for Q3 2024 were up 10.9% and 12.5%, respectively, over Q3 2023. FFO per share diluted was $2.37, up 4.9% over Q3 2023.
Leasing and Occupancy Success
Leasing volume for Q3 2024 was 1.5 million square feet, up 48% over the trailing 4-quarter average. Occupancy was solid at 94.7%, up 10 basis points over the prior quarter.
Robust Life Science Industry Impact
Since 2013, there have been 519 novel medicines approved by the FDA, with 257 developed or commercialized by Alexandria tenants.
Balance Sheet Strength
Strong balance sheet with $5.4 billion in liquidity and a weighted average remaining term of debt of 12.6 years.
Successful Asset Sales
Completed over $390 million in asset sales in Q3 2024. Expecting to complete $1.2 billion in pending dispositions.
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ARE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $119.52 | $117.97 | -1.30% |
| Jul 22, 2024 | $124.49 | $120.10 | -3.53% |
| Apr 22, 2024 | $115.99 | $116.89 | +0.78% |
| Jan 29, 2024 | $122.42 | $117.35 | -4.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alexandria Real Estate Equities (ARE) report earnings?
Alexandria Real Estate Equities (ARE) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Alexandria Real Estate Equities (ARE) earnings time?
Alexandria Real Estate Equities (ARE) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARE EPS forecast?
ARE EPS forecast for the fiscal quarter 2025 (Q4) is $0.92.
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