Alexandria Real Estate Eq Inc Stock Price, News & Analysis

Alexandria Real Estate Equities (ARE) reported strong financial performance for Q1 2021, with total revenues reaching $479.8 million, a 9.1% increase from Q1 2020. However, net income attributable to common stockholders fell to $6.1 million from $16.8 million year-over-year. Funds from operations rose to $263.0 million, up from $221.4 million. The company maintains a robust balance sheet with $4.3 billion in liquidity and no debt maturities until 2024. The strong leasing activity continued with 1.68 million RSF leased in Q1 2021 and significant growth in net operating income.

Alexandria Real Estate Equities, Inc. (NYSE: ARE) declared a quarterly cash dividend of $1.09 per share for Q1 2021, payable on April 15, 2021. The annual dividend for the year ending March 31, 2021, totals $4.30 per share, a 6% increase from the previous year. The company emphasizes a favorable funds from operations payout ratio of 60% for the last quarter of 2020, indicating strong cash flow and the potential for future dividend increases while maintaining significant reinvestment in its development pipeline.

Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced a conference call and audio webcast on April 27, 2021, at 3:00 p.m. ET to discuss its financial results for Q1 2021. The company will release its earnings on April 26, 2021, after market close. Participants can join the call by dialing (833) 366-1125 or accessing the live webcast via the company’s website. A replay will be available from 5:00 p.m. ET April 27 to 5:00 p.m. ET May 4, 2021.

Alexandria Real Estate Equities (NYSE: ARE) announced its plan to redeem all outstanding 4.000% Senior Notes due 2024, with $64,603,000 principal amount remaining. The redemption date is set for March 12, 2021. The price will be at par plus a make-whole premium and accrued interest. Alexandria focuses on life science, technology, and agtech campuses in major innovation clusters. The company highlights potential risks in its forward-looking statements concerning market conditions and other factors. Investors are encouraged to review Alexandria's SEC filings for more details.

On February 10, 2021, Alexandria Real Estate Equities announced the expiration of its tender offer for all outstanding 4.000% Senior Notes due 2024. As of the expiration, approximately $585.4 million, or 90.06%, of the $650 million total principal was tendered. The Tender Offer Consideration is set at $1,102.42 per $1,000 face value of the Notes, plus accrued interest. Financing for the tender offer will come from proceeds from previously issued 2.000% and 3.000% Senior Notes. The payment for the Notes will be made on the settlement date of February 10, 2021.

On February 9, 2021, Alexandria Real Estate Equities announced the pricing of its cash tender offer for outstanding 4.000% Senior Notes due 2024, totaling $650 million. The Offer, subject to certain conditions, allows holders to submit their Notes by 5:00 PM New York City time on the same day, with settlement expected on February 10, 2021. The tender offer consideration is set at $1,102.42 per $1,000 principal amount. Holders will receive accrued interest from the last payment date up to the settlement date. The Offer is not deemed a solicitation to buy or sell any Notes.

Alexandria Real Estate Equities has announced a public offering of $900M in 2.000% senior notes due 2032 and $850M in 3.000% senior notes due 2051. The notes are priced at 99.691% and 99.588% of their principal amounts, respectively, with yields to maturity of 2.031% and 3.021%. Proceeds from the offering will be used to redeem existing senior notes, reduce debt, and finance green projects. The offering is expected to close on February 18, 2021, subject to customary conditions.

Alexandria Real Estate Equities (NYSE: ARE) announced a public offering of senior notes underwritten by Goldman Sachs, BofA Securities, Citigroup, and J.P. Morgan. The first tranche's proceeds will primarily fund the repurchase of 4.000% senior notes due 2024 and support eligible green projects with LEED certification. The second tranche will address general corporate needs, including debt repayment and property acquisition. The offering is aligned with the company’s strategic focus on collaborative life science and technology campuses across key U.S. markets.

On February 3, 2021, Alexandria Real Estate Equities announced a cash tender offer for its outstanding 4.000% Senior Notes due 2024, totaling $650 million. The tender offer will expire on February 9, 2021, at 5:00 p.m. New York City time. Holders must tender their notes by the expiration to receive a Tender Offer Consideration, including accrued interest up to the settlement date, expected on February 10, 2021. The offer is contingent upon the company receiving sufficient proceeds from a new senior unsecured notes offering and other conditions outlined in the Offer Documents.