NYSE$ARE

Alexandria Real Estate Equities Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Alexandria reported strong Q2 2020 results, driven by revenue growth and operational excellence.

Alexandria Real Estate Equities, Inc. announced strong financial and operating results for the second quarter ended June 30, 2020, including revenues of $437.0 million, up 16.9% over 2Q19, and net income per share of $1.82.

  • Reported 2Q20 revenues of $437.0 million, up 16.9% over 2Q19.
  • Net income per share was $1.82 for 2Q20.
  • FFO per share, as adjusted, was $1.81 for 2Q20.
  • The company has $4.2 billion of liquidity as of June 30, 2020.

Headline financials

Total Revenue

$437M

Previous: $374M+16.9%
EPS (adj)

$1.81

Previous: $1.73+4.6%
Capital Expenditures

-$1.43B

Previous: -$1.29B-10.3%
Free Cash Flow

-$1.2B

Previous: -$1.21B+1.4%
Net Income

$230M

Previous: $78.8M+191.6%
Operating Income

$106M

Previous: $102M+4.0%
Gross Profit

$319M

Previous: $263M+21.4%
Cash & Equivalents

$207M

Previous: $199M+4.0%
Total Assets

$20.1B

Previous: $16B+25.1%
Stock-Based Comp

$9.19M

Previous: $11.4M-19.7%

Revenue & EPS history

Alexandria · Revenue · Quarterly

$437M

Q2 2020+16.9%vs Q2 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

The company increased the midpoint for 2020 construction spending guidance range from $960.0 million to $1.35 billion and expects an additional $900 million to $1.3 billion of real estate acquisitions in 2H20.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.7%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-0.2%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+6.2%

Q3 2022

Best reaction

-19.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+3.3%+1.8%+23.1%
Q1 2026-10.2%-9.2%+8.1%
Q3 2025-19.2%-25.2%-31.2%
Q1 2025-5.7%-3.3%-7.4%
Q4 2024-4.8%-4.7%-1.1%
Q3 2024-3.1%-7.2%-14.4%
Q2 2024-3.0%-5.0%-7.5%
Q1 2024+3.3%+0.5%+6.1%
Q4 2023-2.5%-2.3%-2.4%
Q3 2023+0.5%-3.6%+10.0%
Q2 2023+0.4%+2.7%-4.8%
Q1 2023-3.1%-0.2%-8.1%
Q4 2022+0.0%+4.4%-11.1%
Q3 2022+6.2%+10.4%+15.0%
Q2 2022+4.2%+10.4%+6.1%
Q1 2022-2.6%-7.0%-18.1%
Q4 2021+3.0%+0.6%+0.0%
Q3 2021+0.4%-2.0%+1.0%
Q2 2021+1.9%+2.2%+3.5%
Q1 2021-0.7%+1.0%-1.1%
Q4 2020-0.4%+2.7%-4.6%
Q3 2020-2.7%-5.6%+1.3%
Q2 2020+3.1%+5.3%+1.1%
Q1 2020+1.8%+1.0%+1.3%
Q4 2019+2.8%+2.7%+0.1%
Q3 2019-1.2%+0.1%+2.6%
Q2 2019+3.2%+1.0%+2.8%
Q1 2019-0.6%-0.7%+0.6%
Q4 2018-0.7%+1.3%+5.3%
Q3 2018+2.4%-0.8%+2.6%
Q2 2018+4.0%+4.0%+4.5%
Q1 2018+3.6%+3.0%+0.4%
Q4 2017-0.6%-1.9%-4.1%
Q3 2017+1.5%+2.6%+3.9%
Q2 2017+0.5%+0.2%-0.8%
Q1 2017+1.8%+2.1%+3.7%
Q4 2016-1.7%-1.9%+4.8%
Q3 2016+2.3%-1.8%+4.5%
Q2 2016-2.5%-0.8%-2.0%
Q1 2016+0.8%
Q4 2015-3.7%
Q3 2015+1.7%
Q2 2015+0.1%
Q1 2015-0.3%
Q4 2014-0.5%
Q3 2014-0.8%
Q2 2014+0.1%
Q1 2014+0.3%
Q4 2013+2.3%
Q3 2013-2.2%
Q2 2013-1.4%
Q1 2013+3.1%
Q4 2012-0.2%
Q3 2012+0.5%
Q2 2012+1.4%
Q1 2012+0.9%
Q4 2010-3.4%
Q4 2011-3.4%
Q3 2011-4.2%
Q2 2011-5.2%
Q1 2010-5.5%
Q1 2011+1.5%
Q4 2008-4.5%
Q3 2010-2.4%
Q3 2009-2.4%
Q2 2010-0.5%
Q2 2009-0.5%
Q4 2009-0.5%

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