Alexandria Real Estate Eq Inc Stock Price, News & Analysis

Alexandria Real Estate Equities (NYSE: ARE) has disclosed its tax treatment for 2024 distributions. The company distributed a total of $5.14 per share across four quarterly payments. The distributions comprised:

- 65.65% ($3.374410) as taxable ordinary dividends
- 32.75% ($1.683350) as capital gains
- 1.60% ($0.082240) as return of capital

The quarterly distributions were $1.27 per share for Q1 and Q2, increasing to $1.30 per share for Q3 and Q4. Of the capital gains portion, 13.95% ($0.717030) was categorized as Unrecaptured Section 1250 gains. The company noted that stockholders should consult their tax advisors regarding their specific tax treatment of these distributions.

Bit Digital (NASDAQ: BTBT) has acquired a property in Montreal, Canada for CAD $33.5 million (USD $23.3MM) to develop a 5MW Tier-3 data center. The 160,000 square feet site, known as MTL2, is located in Pointe-Claire, QC, and was previously an encapsulation manufacturing facility. The company plans to invest approximately CAD $27.6 million (USD $19.3MM) in development costs.

The facility will be powered by 100% renewable hydroelectricity and feature advanced cooling technology, including direct-to-chip liquid cooling supporting AI workloads with 150kW rack density. Expected to be operational by May 2025, this acquisition is part of Bit Digital's strategy to expand its HPC data center footprint to 32MW during 2025 and its 288MW proprietary pipeline.

Alexandria Real Estate Equities (NYSE: ARE) has scheduled its fourth quarter and year end 2024 operating and financial results conference call and webcast for January 28, 2025, at 3:00 p.m. ET. The company will release its results after market close on January 27, 2025. Investors can participate by dialing (833) 366-1125 (U.S.) or (412) 902-6738 and accessing the webcast through the company's website. A replay will be available until February 4, 2025, accessible by dialing (877) 344-7529 (U.S.) or (412) 317-0088 with access code 1012884.

Alexandria Real Estate Equities (NYSE: ARE) has declared a quarterly cash dividend of $1.32 per common share for Q4 2024, representing a $0.02 increase from Q3 2024. The dividend will be paid on January 15, 2025, to stockholders of record on December 31, 2024.

The total dividend for 2024 amounts to $5.19 per common share, marking a 5% increase ($0.23) over 2023. The company maintains a favorable dividend payout ratio of 55% and expects to generate $2.1 billion in net cash for reinvestment from operating activities after dividends for the five-year period ending December 31, 2024.

Alexandria Real Estate Equities (NYSE: ARE) has announced a $500 million common stock repurchase program authorized by its Board of Directors. The program, running until December 31, 2025, allows the company to purchase its outstanding common stock through various methods including open market transactions, accelerated share repurchase, and negotiated transactions.

The timing, price, and size of purchases will be determined by market conditions and other factors. The program is not mandatory and can be suspended at any time. Any stock repurchases are expected to be funded on a leverage neutral basis through operating activities cash flow after dividends and asset sale proceeds.

Alexandria Real Estate Equities (NYSE: ARE) has secured a 10-year lease with Vaxcyte for 258,581 RSF at the Alexandria Center for Life Science – San Carlos mega campus. The agreement includes new space and extends the existing lease for Vaxcyte, an anchor tenant since 2021. The campus features 739,157 RSF currently 97.4% occupied and approximately 1.4 million RSF of future development opportunities. The facility offers state-of-the-art Labspace infrastructure, amenities including conference spaces, fitness center, and dining options, with convenient access to transportation and local attractions.

Alexandria Real Estate Equities (NYSE: ARE), a leading owner and developer of life science campuses, continues to support the development of new therapies in the $5 trillion life science industry. The company's tenants are responsible for five out of six innovative medicines approved by the FDA in 2024, and over 80% of FDA approvals for innovative medicines this year. Since 2013, Alexandria tenants have developed half of all FDA-approved novel therapies.

The company highlights the significant growth in innovative medicine approvals, with a 286% increase between 2017-2020 and 2021-YTD 2024 periods. The immunology market is expected to grow from $103 billion in 2024 to $257 billion by 2032, becoming the second-largest biopharmaceutical spending area by 2028.

Alexandria Real Estate Equities (NYSE: ARE) reported its 3Q24 and YTD 3Q24 financial results. Key highlights include a 10.9% increase in total revenues for 3Q24 to $791.6 million and a 9.3% increase YTD to $2.33 billion. Net income per diluted share was $0.96 for 3Q24 and $2.18 YTD. Adjusted FFO per diluted share was $2.37 for 3Q24 and $7.08 YTD. The company maintained a high occupancy rate of 94.7% and collected 99.9% of 3Q24 tenant rents and receivables.

ARE declared a 3Q24 dividend of $1.30 per share, yielding 4.4%. The company has significant liquidity of $5.4 billion and expects to fund capital requirements through property sales. Recent transactions include the sale of a property for $150 million and lease renewals worth 117,479 RSF with Fred Hutchinson Cancer Center. ARE's development pipeline is expected to deliver incremental annual net operating income of $510 million by 1Q28.

Alexandria Real Estate Equities, Inc. (NYSE: ARE) has been named one of the World's Most Trustworthy Companies in 2024 by Newsweek. This recognition follows its listing as one of America's Most Trustworthy Companies in 2023 and 2024. The selection was based on an extensive independent survey analyzing investor, customer, and employee trust.

Alexandria, a pioneer in developing collaborative mega campuses for life science innovation, has generated a total shareholder return of 1,420% since its IPO in May 1997. The company's success is attributed to its strategic relationships with leading life science companies and its focus on creating vibrant, well-amenitized mega campuses.

The company prioritizes employee well-being through comprehensive benefits and career development opportunities, resulting in a low five-year average voluntary turnover rate of 4.1%. Alexandria also demonstrates commitment to corporate responsibility, addressing challenges such as disease, hunger, and mental health through various initiatives and partnerships.