NYSE$ARE

Alexandria Real Estate Equities Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Alexandria's financial and operating results for Q2 2022 were announced, featuring solid revenue growth and strategic capital deployment.

Alexandria Real Estate Equities reported a strong second quarter with total revenues increasing by 26.3% to $643.8 million. The company highlighted record rental rate increases and high leasing volume, alongside strategic dispositions and acquisitions. Alexandria also maintained a strong balance sheet with significant liquidity.

  • Total revenues increased by 26.3% compared to Q2 2021, reaching $643.8 million.
  • Rental rate increases were 45.4% and 33.9% (cash basis), representing the second-highest and highest quarterly increases in company history.
  • Executed 2,279,758 RSF of leasing activity, the third-highest quarter of leasing volume in company history.
  • Completed dispositions and sales of partial interest aggregating $548.7 million, demonstrating strong valuations.

Headline financials

Total Revenue

$644M

Previous: $510M+26.3%
EPS (adj)

$2.10

Previous: $1.93+8.8%
Operating Margin

70.0%

Previous: 72.0%-2.8%
Adjusted EBITDA Margin

70.0%

Previous: 69.0%+1.4%
Capital Expenditures

-$3.56B

Previous: -$3.95B+9.9%
Free Cash Flow

-$3.29B

Previous: -$3.56B+7.8%
Net Income

$272M

Previous: $385M-29.3%
Operating Income

$176M

Previous: $186M-5.3%
Gross Profit

$462M

Previous: $419M+10.2%
Cash & Equivalents

$420M

Previous: $324M+29.8%
Total Assets

$33.2B

Previous: $27B+23.0%
Stock-Based Comp

$14.3M

Previous: $12.2M+17.1%

Revenue & EPS history

Alexandria · Revenue · Quarterly

$644M

Q2 2022+26.3%vs Q2 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

Alexandria Real Estate Equities provided updated guidance for the year ending December 31, 2022, based on current market conditions. Key changes include a reduction in capital uses offset by construction spending and an increase in the midpoint of funds from operations per share, as adjusted.

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 2022

Historical avgQ2 2022

-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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