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Alexandria Real Estate Equities, Inc. Announces Pricing of Public Offering of $550,000,000 of Senior Notes due 2035
Prnewswire· 2025-01-30 23:15
Core Viewpoint - Alexandria Real Estate Equities, Inc. has announced a public offering of $550 million in senior notes with a 5.50% interest rate, maturing in 2035, to refinance existing debt and for general corporate purposes [1][2][3] Group 1: Offering Details - The notes are priced at 99.733% of the principal amount, yielding 5.532% to maturity [2] - The offering is managed by a consortium of financial institutions including Goldman Sachs, BofA Securities, and Citigroup [1] - The closing of the sale is expected around February 13, 2025, subject to customary conditions [2] Group 2: Use of Proceeds - Net proceeds will be used to redeem or repay the Company's 3.45% Senior Notes due April 30, 2025 [3] - Any excess proceeds will be allocated for general working capital and corporate purposes, including debt repayment and property development [3] Group 3: Company Background - Alexandria is a leading life science REIT, established in 1994, focusing on collaborative ecosystems in major life science innovation clusters [6] - The company is recognized as a best-in-class operator and developer in the life science real estate sector [6]
Alexandria Real Estate: Debunking The Bear Thesis
Seeking Alpha· 2025-01-29 12:05
Group 1 - The leader of the investing group High Yield Landlord shares a real-money REIT portfolio and transactions in real-time, featuring three portfolios: core, retirement, and international [1] - Jussi Askola, President of Leonberg Capital, is a value-oriented investment expert with a focus on consulting hedge funds, family offices, and private equity firms on REIT investing [1] - Askola has authored award-winning academic papers on REIT investing and has established relationships with many top REIT executives [1] Group 2 - The article does not provide any specific financial data or performance metrics related to the companies or the industry [2][3]
Aecon consortium reaches commercial close on target price transit project
GlobeNewswire· 2025-01-28 21:50
Group 1 - Aecon Group Inc. has completed the collaborative development phase and reached commercial close on a progressive design-build transit project [1] - The implementation phase will commence under a target price contract, with Aecon's share of the contract valued at over $2.8 billion [1] - This contract will be added to Aecon's Construction segment backlog in the first quarter of 2025 [1] Group 2 - Aecon Group Inc. is a North American construction and infrastructure development company with global experience [2] - The company provides integrated solutions to private and public-sector clients through its Construction segment in various sectors including Civil, Urban Transportation, Nuclear, Utility, and Industrial [2] - Aecon also offers project development, financing, investment, management, and operations and maintenance services through its Concessions segment [2]
Alexandria Q4 AFFO Meets Estimates, Revenues Increase Y/Y
ZACKS· 2025-01-28 15:41
Alexandria Real Estate Equities, Inc. (ARE) reported fourth-quarter 2024 adjusted funds from operations (AFFO) per share of $2.39, meeting the Zacks Consensus Estimate. The reported figure outpaced the year-ago quarter’s AFFO per share of $2.28 by 4.8%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflected a rise in revenues, aided by decent leasing activity and rental rate growth. However, higher interest expenses year over year undermined the results to some extent. Ale ...
Compared to Estimates, Alexandria Real Estate Equities (ARE) Q4 Earnings: A Look at Key Metrics
ZACKS· 2025-01-28 00:01
For the quarter ended December 2024, Alexandria Real Estate Equities (ARE) reported revenue of $788.95 million, up 4.2% over the same period last year. EPS came in at $2.39, compared to -$0.54 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $789.14 million, representing a surprise of -0.03%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.39.While investors scrutinize revenue and earnings changes year-over-year and how they compar ...
Alexandria Real Estate Equities (ARE) Q4 FFO Match Estimates
ZACKS· 2025-01-27 23:26
Alexandria Real Estate Equities (ARE) came out with quarterly funds from operations (FFO) of $2.39 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $2.28 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this life science real estate company would post FFO of $2.38 per share when it actually produced FFO of $2.37, delivering a surprise of -0.42%.Over the last four quarters, the company has surpassed consensus FFO estimat ...
Alexandria Real Estate Equities, Inc. Reports: 4Q24 and 2024 Net (Loss) Income per Share - Diluted of $(0.38) and $1.80, respectively; 4Q24 and 2024 FFO per Share - Diluted, as Adjusted, of $2.39 and $9.47, respectively
Prnewswire· 2025-01-27 21:10
Accessibility Statement Skip Navigation Alexandria Real Estate Equities, Inc. All rights reserved. ©2025 (PRNewsfoto/Alexandria Real Estate Equities, Inc.) Alexandria Real Estate Equities, Inc. All rights reserved. ©2025 (PRNewsfoto/Alexandria Real Estate Equities, Inc.) Alexandria Real Estate Equities, Inc. All rights reserved. ©2025 (PRNewsfoto/Alexandria Real Estate Equities, Inc.) Alexandria Real Estate Equities, Inc. All rights reserved. ©2025 (PRNewsfoto/Alexandria Real Estate Equities, Inc.) ...
Alexandria Real Estate(ARE) - 2024 Q4 - Annual Results
2025-01-27 21:08
Alexandria Real Estate Equities, Inc. All Rights Reserved. © 2025 Table of Contents December 31, 2024 | COMPANY HIGHLIGHTS | Page | | Page | | --- | --- | --- | --- | | Mission and Cluster Model | iii | Industry and Corporate Responsibility Leadership | xxv | | EARNINGS PRESS RELEASE | Page | | Page | | Fourth Quarter and Year Ended December 31, 2024 Financial and | | | | | Operating Results | 1 | Earnings Call Information and About the Company | 8 | | Guidance | 4 | Consolidated Statements of Operations | ...
Alexandria Real Estate(ARE) - 2024 Q4 - Annual Report
2025-01-27 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission file number 1-12993 ALEXANDRIA REAL ESTATE EQUITIES, INC. (Exact name of registrant as specified in its charter) Maryland 95-4502084 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 26 North Euclid Avenue, Pasadena, Califor ...
Alexandria Real Estate Equities, Inc. Announces Tax Treatment of Year 2024 Distributions
Prnewswire· 2025-01-24 13:30
PASADENA, Calif., Jan. 24, 2025 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced the tax treatment of its year 2024 distributions as described in the chart below. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of Alexandria Real Estate Equities, Inc. distributions. Common StockCUSIP # 015271109Ticker Symbol: ARE Dividends Capital Gains Section 897(4) Ordinary Dividends(Box 2e) Section 897(4) Capital Gainso ...