Intrinsic value of Alexandria Real Estate Equities - ARE

Previous Close

$120.60

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$120.60

 
Intrinsic value premium content
 
Up/down potential premium content
 
Rating premium content
 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying
Our model is not good at valuating stocks of financial companies, such as ARE.

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of ARE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 10.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  9.37
  11.20
  10.58
  10.02
  9.52
  9.07
  8.66
  8.29
  7.97
  7.67
  7.40
  7.16
  6.95
  6.75
  6.58
  6.42
  6.28
  6.15
  6.03
  5.93
  5.84
  5.75
  5.68
  5.61
  5.55
  5.49
  5.45
  5.40
  5.36
  5.32
  5.29
Revenue, $m
  922
  1,025
  1,134
  1,247
  1,366
  1,490
  1,619
  1,753
  1,893
  2,038
  2,189
  2,346
  2,509
  2,678
  2,854
  3,037
  3,228
  3,427
  3,633
  3,849
  4,073
  4,308
  4,552
  4,808
  5,075
  5,353
  5,645
  5,950
  6,269
  6,603
  6,952
Variable operating expenses, $m
 
  737
  815
  897
  982
  1,071
  1,164
  1,261
  1,361
  1,465
  1,574
  1,687
  1,804
  1,926
  2,052
  2,184
  2,321
  2,464
  2,612
  2,767
  2,929
  3,097
  3,273
  3,457
  3,649
  3,849
  4,059
  4,278
  4,507
  4,747
  4,998
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  868
  737
  815
  897
  982
  1,071
  1,164
  1,261
  1,361
  1,465
  1,574
  1,687
  1,804
  1,926
  2,052
  2,184
  2,321
  2,464
  2,612
  2,767
  2,929
  3,097
  3,273
  3,457
  3,649
  3,849
  4,059
  4,278
  4,507
  4,747
  4,998
Operating income, $m
  54
  288
  319
  351
  384
  419
  455
  493
  532
  573
  615
  659
  705
  753
  802
  854
  907
  963
  1,021
  1,082
  1,145
  1,210
  1,279
  1,351
  1,426
  1,504
  1,586
  1,672
  1,762
  1,855
  1,954
EBITDA, $m
  367
  636
  703
  774
  848
  924
  1,005
  1,088
  1,174
  1,265
  1,358
  1,455
  1,557
  1,662
  1,771
  1,885
  2,003
  2,126
  2,254
  2,388
  2,527
  2,673
  2,824
  2,983
  3,148
  3,321
  3,502
  3,691
  3,889
  4,096
  4,313
Interest expense (income), $m
  85
  146
  168
  190
  214
  238
  264
  291
  319
  348
  378
  409
  442
  476
  511
  547
  585
  625
  666
  709
  754
  801
  849
  900
  953
  1,009
  1,066
  1,127
  1,190
  1,256
  1,326
Earnings before tax, $m
  -50
  142
  151
  160
  170
  180
  191
  202
  213
  225
  237
  250
  263
  277
  291
  306
  322
  338
  355
  372
  391
  410
  430
  451
  473
  496
  520
  545
  571
  599
  628
Tax expense, $m
  0
  38
  41
  43
  46
  49
  52
  54
  58
  61
  64
  67
  71
  75
  79
  83
  87
  91
  96
  101
  105
  111
  116
  122
  128
  134
  140
  147
  154
  162
  169
Net income, $m
  -66
  104
  110
  117
  124
  132
  139
  147
  156
  164
  173
  182
  192
  202
  213
  223
  235
  247
  259
  272
  285
  299
  314
  329
  345
  362
  379
  398
  417
  437
  458

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  125
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  10,355
  11,392
  12,597
  13,860
  15,179
  16,555
  17,989
  19,481
  21,033
  22,646
  24,322
  26,064
  27,875
  29,757
  31,713
  33,749
  35,867
  38,073
  40,370
  42,764
  45,260
  47,865
  50,582
  53,420
  56,385
  59,483
  62,722
  66,109
  69,653
  73,362
  77,244
Adjusted assets (=assets-cash), $m
  10,230
  11,392
  12,597
  13,860
  15,179
  16,555
  17,989
  19,481
  21,033
  22,646
  24,322
  26,064
  27,875
  29,757
  31,713
  33,749
  35,867
  38,073
  40,370
  42,764
  45,260
  47,865
  50,582
  53,420
  56,385
  59,483
  62,722
  66,109
  69,653
  73,362
  77,244
Revenue / Adjusted assets
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
Average production assets, $m
  8,294
  9,222
  10,198
  11,220
  12,288
  13,402
  14,563
  15,771
  17,027
  18,333
  19,690
  21,100
  22,566
  24,089
  25,674
  27,321
  29,036
  30,822
  32,681
  34,620
  36,641
  38,749
  40,949
  43,247
  45,646
  48,155
  50,777
  53,519
  56,388
  59,390
  62,533
Working capital, $m
  0
  -139
  -154
  -170
  -186
  -203
  -220
  -238
  -257
  -277
  -298
  -319
  -341
  -364
  -388
  -413
  -439
  -466
  -494
  -523
  -554
  -586
  -619
  -654
  -690
  -728
  -768
  -809
  -853
  -898
  -945
Total debt, $m
  4,164
  4,788
  5,432
  6,106
  6,811
  7,546
  8,311
  9,108
  9,937
  10,798
  11,693
  12,623
  13,590
  14,595
  15,640
  16,727
  17,858
  19,036
  20,262
  21,541
  22,874
  24,265
  25,716
  27,232
  28,815
  30,469
  32,199
  34,007
  35,900
  37,880
  39,953
Total liabilities, $m
  5,459
  6,083
  6,727
  7,401
  8,106
  8,841
  9,606
  10,403
  11,232
  12,093
  12,988
  13,918
  14,885
  15,890
  16,935
  18,022
  19,153
  20,331
  21,557
  22,836
  24,169
  25,560
  27,011
  28,527
  30,110
  31,764
  33,494
  35,302
  37,195
  39,175
  41,248
Total equity, $m
  4,896
  5,309
  5,870
  6,459
  7,073
  7,715
  8,383
  9,078
  9,801
  10,553
  11,334
  12,146
  12,990
  13,867
  14,778
  15,727
  16,714
  17,742
  18,812
  19,928
  21,091
  22,305
  23,571
  24,894
  26,275
  27,719
  29,228
  30,807
  32,458
  34,187
  35,996
Total liabilities and equity, $m
  10,355
  11,392
  12,597
  13,860
  15,179
  16,556
  17,989
  19,481
  21,033
  22,646
  24,322
  26,064
  27,875
  29,757
  31,713
  33,749
  35,867
  38,073
  40,369
  42,764
  45,260
  47,865
  50,582
  53,421
  56,385
  59,483
  62,722
  66,109
  69,653
  73,362
  77,244
Debt-to-equity ratio
  0.850
  0.900
  0.930
  0.950
  0.960
  0.980
  0.990
  1.000
  1.010
  1.020
  1.030
  1.040
  1.050
  1.050
  1.060
  1.060
  1.070
  1.070
  1.080
  1.080
  1.080
  1.090
  1.090
  1.090
  1.100
  1.100
  1.100
  1.100
  1.110
  1.110
  1.110
Adjusted equity ratio
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -66
  104
  110
  117
  124
  132
  139
  147
  156
  164
  173
  182
  192
  202
  213
  223
  235
  247
  259
  272
  285
  299
  314
  329
  345
  362
  379
  398
  417
  437
  458
Depreciation, amort., depletion, $m
  313
  348
  385
  423
  464
  506
  550
  595
  643
  692
  743
  796
  852
  909
  969
  1,031
  1,096
  1,163
  1,233
  1,306
  1,383
  1,462
  1,545
  1,632
  1,723
  1,817
  1,916
  2,020
  2,128
  2,241
  2,360
Funds from operations, $m
  299
  452
  495
  540
  588
  637
  689
  742
  798
  856
  916
  979
  1,044
  1,111
  1,181
  1,254
  1,331
  1,410
  1,492
  1,578
  1,668
  1,761
  1,859
  1,961
  2,068
  2,179
  2,296
  2,417
  2,545
  2,678
  2,818
Change in working capital, $m
  -94
  -14
  -15
  -15
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -31
  -32
  -33
  -35
  -36
  -38
  -40
  -41
  -43
  -45
  -48
Cash from operations, $m
  393
  1,310
  510
  556
  604
  654
  706
  761
  817
  876
  937
  1,000
  1,066
  1,134
  1,205
  1,279
  1,356
  1,437
  1,520
  1,607
  1,698
  1,793
  1,892
  1,996
  2,104
  2,217
  2,335
  2,459
  2,588
  2,724
  2,865
Maintenance CAPEX, $m
  0
  -313
  -348
  -385
  -423
  -464
  -506
  -550
  -595
  -643
  -692
  -743
  -796
  -852
  -909
  -969
  -1,031
  -1,096
  -1,163
  -1,233
  -1,306
  -1,383
  -1,462
  -1,545
  -1,632
  -1,723
  -1,817
  -1,916
  -2,020
  -2,128
  -2,241
New CAPEX, $m
  -1,560
  -929
  -976
  -1,022
  -1,068
  -1,114
  -1,161
  -1,208
  -1,256
  -1,306
  -1,357
  -1,410
  -1,466
  -1,523
  -1,584
  -1,648
  -1,715
  -1,785
  -1,860
  -1,938
  -2,021
  -2,108
  -2,200
  -2,297
  -2,400
  -2,508
  -2,622
  -2,742
  -2,869
  -3,002
  -3,143
Cash from investing activities, $m
  -1,497
  -1,242
  -1,324
  -1,407
  -1,491
  -1,578
  -1,667
  -1,758
  -1,851
  -1,949
  -2,049
  -2,153
  -2,262
  -2,375
  -2,493
  -2,617
  -2,746
  -2,881
  -3,023
  -3,171
  -3,327
  -3,491
  -3,662
  -3,842
  -4,032
  -4,231
  -4,439
  -4,658
  -4,889
  -5,130
  -5,384
Free cash flow, $m
  -1,104
  69
  -814
  -851
  -887
  -924
  -960
  -997
  -1,034
  -1,073
  -1,112
  -1,153
  -1,196
  -1,241
  -1,288
  -1,337
  -1,389
  -1,444
  -1,503
  -1,564
  -1,629
  -1,698
  -1,770
  -1,847
  -1,928
  -2,014
  -2,104
  -2,199
  -2,300
  -2,407
  -2,519
Issuance/(repayment) of debt, $m
  6
  624
  644
  674
  705
  735
  766
  797
  829
  861
  895
  930
  967
  1,005
  1,045
  1,087
  1,131
  1,178
  1,227
  1,278
  1,333
  1,391
  1,451
  1,515
  1,583
  1,654
  1,730
  1,809
  1,892
  1,980
  2,073
Issuance/(repurchase) of shares, $m
  1,225
  0
  732
  765
  798
  830
  863
  895
  929
  963
  998
  1,035
  1,073
  1,113
  1,155
  1,199
  1,245
  1,294
  1,346
  1,401
  1,459
  1,520
  1,585
  1,654
  1,726
  1,803
  1,884
  1,969
  2,059
  2,154
  2,255
Cash from financing (excl. dividends), $m  
  1,369
  624
  1,376
  1,439
  1,503
  1,565
  1,629
  1,692
  1,758
  1,824
  1,893
  1,965
  2,040
  2,118
  2,200
  2,286
  2,376
  2,472
  2,573
  2,679
  2,792
  2,911
  3,036
  3,169
  3,309
  3,457
  3,614
  3,778
  3,951
  4,134
  4,328
Total cash flow (excl. dividends), $m
  263
  693
  -170
  -177
  -183
  -189
  -194
  -200
  -206
  -211
  -217
  -223
  -229
  -236
  -243
  -250
  -258
  -267
  -276
  -285
  -296
  -307
  -319
  -331
  -345
  -359
  -374
  -391
  -408
  -426
  -445
Retained Cash Flow (-), $m
  -921
  -538
  -562
  -588
  -615
  -641
  -668
  -695
  -723
  -752
  -781
  -812
  -844
  -877
  -912
  -949
  -987
  -1,028
  -1,071
  -1,116
  -1,163
  -1,214
  -1,267
  -1,322
  -1,381
  -1,444
  -1,509
  -1,579
  -1,651
  -1,728
  -1,809
Prev. year cash balance distribution, $m
 
  125
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  280
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Discount rate, %
 
  8.20
  8.61
  9.04
  9.49
  9.97
  10.47
  10.99
  11.54
  12.12
  12.72
  13.36
  14.02
  14.73
  15.46
  16.24
  17.05
  17.90
  18.79
  19.73
  20.72
  21.76
  22.84
  23.99
  25.19
  26.45
  27.77
  29.16
  30.61
  32.15
  33.75
PV of cash for distribution, $m
 
  259
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  94.0
  88.7
  83.9
  79.6
  75.7
  72.1
  68.9
  65.9
  63.1
  60.6
  58.2
  56.0
  53.9
  52.0
  50.2
  48.4
  46.8
  45.2
  43.8
  42.3
  41.0
  39.7
  38.5
  37.3
  36.2
  35.1
  34.0
  33.0
  32.0

Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. Its properties consist of buildings containing scientific research and development laboratories, and other improvements. The company offers its properties for lease primarily to universities and independent not-for-profit institutions; and pharmaceutical, biotechnology, medical device, life science product, service, biodefense, and translational research entities, as well as governmental agencies. As of December 31, 2006, it had 159 properties, including 156 properties located in 9 states in the United States and 3 properties located in Canada. As a REIT, the company is not subject to federal income tax to the extent that it distributes 100% of its taxable income to its stockholders. The company was founded in 1993 and is based in Pasadena, California.

FINANCIAL RATIOS  of  Alexandria Real Estate Equities (ARE)

Valuation Ratios
P/E Ratio -160.2
Price to Sales 11.5
Price to Book 2.2
Price to Tangible Book
Price to Cash Flow 26.9
Price to Free Cash Flow -9.1
Growth Rates
Sales Growth Rate 9.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 91.9%
Cap. Spend. - 3 Yr. Gr. Rate 16.9%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 85%
Total Debt to Equity 85%
Interest Coverage 0
Management Effectiveness
Return On Assets 0.2%
Ret/ On Assets - 3 Yr. Avg. 1.6%
Return On Total Capital -0.8%
Ret/ On T. Cap. - 3 Yr. Avg. 0.8%
Return On Equity -1.5%
Return On Equity - 3 Yr. Avg. 1.6%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 69.7%
Gross Margin - 3 Yr. Avg. 69.6%
EBITDA Margin 37.7%
EBITDA Margin - 3 Yr. Avg. 49.9%
Operating Margin 5.9%
Oper. Margin - 3 Yr. Avg. 19.5%
Pre-Tax Margin -5.4%
Pre-Tax Margin - 3 Yr. Avg. 8.5%
Net Profit Margin -7.2%
Net Profit Margin - 3 Yr. Avg. 7.7%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio -398.5%

ARE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ARE stock intrinsic value calculation we used $922 million for the last fiscal year's total revenue generated by Alexandria Real Estate Equities. The default revenue input number comes from 2016 income statement of Alexandria Real Estate Equities. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ARE stock valuation model: a) initial revenue growth rate of 11.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.2%, whose default value for ARE is calculated based on our internal credit rating of Alexandria Real Estate Equities, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Alexandria Real Estate Equities.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ARE stock the variable cost ratio is equal to 71.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ARE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Alexandria Real Estate Equities.

Corporate tax rate of 27% is the nominal tax rate for Alexandria Real Estate Equities. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ARE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ARE are equal to 899.5%.

Life of production assets of 26.5 years is the average useful life of capital assets used in Alexandria Real Estate Equities operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ARE is equal to -13.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4896 million for Alexandria Real Estate Equities - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 88.001 million for Alexandria Real Estate Equities is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Alexandria Real Estate Equities at the current share price and the inputted number of shares is $10.6 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
ALNY Alnylam Pharma 85.21 prem.  prem.
LLY Eli Lilly 83.89 prem.  prem.
ILMN Illumina 185.28 prem.  prem.
CELG Celgene 134.31 prem.  prem.
BMY Bristol-Myers 56.64 prem.  prem.
AMGN Amgen 172.50 prem.  prem.
FGEN FibroGen 32.25 prem.  prem.
HCP HCP 33.39 prem.  prem.

COMPANY NEWS

▶ These 3 Stocks Just Raised Their Dividends   [Jun-15-17 09:40AM  Motley Fool]
▶ Today's Bell Ringer, May 22, 2017   [May-22-17 09:16AM  CNBC Videos]
▶ Alexandria Real Estate Equities reports 1Q results   [May-01-17 04:34PM  Associated Press]
▶ Hearing loss biotech Frequency Therapeutics dials up $32M round   [Apr-11-17 06:15AM  American City Business Journals]
▶ Google life sciences spinoff soaks up huge space (video)   [Mar-24-17 03:11PM  at bizjournals.com]
▶ Google life sciences spinoff soaks up huge space (video)   [03:11PM  American City Business Journals]
▶ Alexandria Real Estate joining S&P 500 Index   [01:25PM  at bizjournals.com]
▶ Alexandria Real Estate joining S&P 500 Index   [01:25PM  American City Business Journals]
▶ Not Big Enough: Three Stocks Will Be Booted From S&P 500   [Mar-13-17 11:37AM  The Wall Street Journal]
▶ Not Big Enough: Three Stocks Will Be Booted From S&P 500   [11:37AM  at The Wall Street Journal]
▶ [$$] Alexandria Real Estate Equities Picks Startups for Manhattan Complex   [Feb-28-17 05:16PM  at The Wall Street Journal]
▶ Applied Therapeutics Closes Series A Financing   [Feb-14-17 07:00AM  Accesswire]
▶ Alexandria closes the biggest real-estate sale so far this year   [Nov-13-16 08:35PM  at bizjournals.com]
▶ Is enough biotech space or too much coming online?   [Nov-11-16 08:25PM  at bizjournals.com]
Stock chart of ARE Financial statements of ARE Annual reports of ARE
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.