Alexandria Real Estate Equities (ARE) has had several strategic transactions and developments. For instance, it closed a strategic value-harvesting disposition of a property in the Lake Union submarket of Seattle. The company's stock has consistently outperformed competitors on strong trading days. However, its shares were downgraded to neutral at Citigroup. ARE was also recognized for sustainable design in Nareit's inaugural sustainability impact awards. The firm's cash dividend for 3Q24 was increased to $1.30 per common share while its executive chairman, Joel S. Marcus, was honored with the inaugural Bisnow Life Sciences Icon & Influencer Award. The company sold a significant amount of stock to BlackRock Inc and Commonwealth Equity Services. The firm also announced a long-term lease with a top 20 pharmaceutical company for a new R&D Life Science Center in San Diego. ARE continues to impress with its financial performance, reporting 2Q24 and 1H24 Net Income per share of $0.25 and $1.22 respectively, as well as a FFO per share, as adjusted, of $2.36 and $4.71, consecutively.
Alexandria Real Estate Equities ARE News Analytics from Mon, 23 Oct 2023 07:00:00 GMT to Sat, 14 Sep 2024 08:10:18 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor 4
