NYSE$ARE

Alexandria Real Estate Equities Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Announced financial and operating results.

Alexandria Real Estate Equities, Inc. reported financial results for Q4 2024. FFO per Share – Diluted, as Adjusted, was $2.39 and net loss income per share was $(0.38).

  • Occupancy of operating properties in North America was 94.6%.
  • Rental rate increases on lease renewals and re-leasing of space were 18.1% and 3.3% (cash basis).
  • Common stock dividend declared for 4Q24 of $1.32 per common share.
  • Our 2024 capital plan included $1.4 billion in funding from strategic dispositions, of which $1.1 billion was completed during 4Q24.

Headline financials

Total Revenue

$789M

Previous: $757M+4.2%
EPS (adj)

$2.39

Previous: $2.28+4.8%
Capital Expenditures

$0.00

Previous: $0.00
Net Income

-$16.1M

Previous: -$42.7M+62.3%
Operating Income

-$56.5M

Previous: -$114M+50.3%
Gross Profit

$76.9M

Previous: -$223M+134.5%
Stock-Based Comp

$12.5M

Previous: $34.6M-63.9%

Revenue & EPS history

Alexandria · Revenue · Quarterly

$789M

Q4 2024+4.2%vs Q4 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

The following guidance for 2025 has been updated to reflect our current view of existing market conditions and assumptions for the year ending December 31, 2025.

Tailwinds

  • Earnings per share(2) $2.57 to $2.77
  • Depreciation and amortization of real estate assets 6.70
  • Allocation to unvested restricted stock awards (0.04)
  • Funds from operations per share and funds from operations per share, as adjusted(1) $9.23 to $9.43
  • Midpoint $9.33

Headwinds

  • Occupancy percentage in North America as of December 31, 2025 91.6% to 93.2%
  • Lease renewals and re-leasing of space: Rental rate changes 9.0% to 17.0%
  • Rental rate changes (cash basis) 0.5% to 8.5%
  • Net operating income (3.0)% to (1.0)%
  • Net operating income (cash basis) (1.0)% to 1.0%

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 Q4 2024

Historical avgQ4 2024

-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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