Alexandria Real Estate Equities, Inc. Reports: 1Q23 Net Income per Share - Diluted of $0.44; and 1Q23 FFO per Share - Diluted, As Adjusted, of $2.19

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Alexandria Real Estate 119,65 $ 0,00%

An operationally excellent, industry-leading REIT with a high-quality and diverse client base of over 850 tenants supporting high-quality revenues, stable cash flows, and strong margins

Continued strong leasing volume and rental rate increases

• For 1Q23, rental rate increase of 48.3% represents the highest quarterly rental rate growth in Company history.
• Strong leasing activity continued in 1Q23 with leasing volume aggregating 1.2 million RSF, exceeding the 1.1 million RSF average in quarterly leasing for the five-year period prior to 2021, with 85% generated from our client base of over 850 tenants.

Continued strong net operating income and internal growth

• Net operating income (cash basis) of $1.8 billion for 1Q23 annualized, up $245.0 million, or 16.2%, compared to 1Q22 annualized.
• Same property net operating income growth:
• 3.7% and 9.0% (cash basis) for 1Q23 over 1Q22.
• Our 1Q23 same property growth outperformed our 10-year averages of 3.6% and 6.6% (cash basis).
• 95% of our leases contain contractual annual rent escalations approximating 3%.

Key updates to our 2023 sources and uses of capital guidance

• $325 million reduction in total uses of capital to $2.95 billion.
• $325 million reduction in sources of capital to $2.95 billion.
• $950 million in net incremental debt for 2023 ($1.0 billion of unsecured senior notes payable issued in February 2023).
• $375 million in net cash provided by operating activities after dividends.
• $1.625 billion in dispositions, sales of partial interests, and future settlement of forward equity sales agreements that were outstanding as of December 31, 2022.
• $965.4 million, or 59%, completed or subject to executed letters of intent or purchase and sale agreements, including $865.4 million from dispositions and sales of partial interests and approximately $100 million from forward equity sales agreements that were outstanding as of December 31, 2022.
• $659.6 million of targeted dispositions and sales of partial interests.
• $275 million of excess bond offering proceeds to reduce debt capital for 2024.

Continued strong and flexible balance sheet with 13.4 years of remaining term of debt

• Investment-grade credit ratings ranked in the top 10% among all publicly traded U.S. REITs.
• $5.3 billion of liquidity.
• No debt maturities prior to 2025.
• 13.4 years weighted-average remaining term of debt.
• 96.1% of our debt has a fixed rate.
• Net debt and preferred stock to Adjusted EBITDA of 5.3x and fixed-charge coverage ratio of 5.0x for 1Q23 annualized.
• Total debt and preferred stock to gross assets of 28%.
• In February 2023, we issued unsecured senior notes payable aggregating $1.0 billion at 4.95% for average term of 21.2 years.
• $1.4 billion of expected capital contributions from existing real estate joint venture partners from 2Q23 through 2026 to fund construction.

Continued strong and increasing dividends with a focus on retaining significant net cash flows from operating activities after dividends for reinvestment

• Common stock dividend declared for 1Q23 of $1.21 per common share, aggregating $4.78 per common share for the twelve months ended March 31, 2023, up 24 cents, or 5%, over the twelve months ended March 31, 2022.
• Dividend yield of 3.9% as of March 31, 2023.
• Dividend payout ratio of 55% for the three months ended March 31, 2023.
• Average annual dividend per-share growth of 5.4% from 2019 to 1Q23 annualized.

Strong balance sheet management

Key metrics as of March 31, 2023

• $33.0 billion in total market capitalization.
• $21.5 billion in total equity capitalization, which ranks in the top 10% among all publicly traded U.S. REITs.

		1Q23					Goal
		Quarter Annualized			Trailing 12 Months		4Q23 Annualized
Net debt and preferred stock to     Adjusted EBITDA		5.3x			5.6x		Less than or equal to 5.1x
Fixed-charge coverage ratio		5.0x			5.0x		4.5x to 5.0x Werbung Mehr Nachrichten zur Alexandria Real Estate Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 24.04.24 - PR Newswire Capital Gearing Trust Plc - Transaction in Own Shares 24.04.24 - PR Newswire Oxford Instruments Plc - Holding(s) in Company 24.04.24 - PR Newswire Boeing Company - First Quarter Financial Results Solarboom 2024:    5 Gründe die für diese Aktie sprechen… weiterlesen» Anzeige wo-site-teaser-box-16746_site-teaser-box_2024-04-24_08%253A00%253A00_2024-04-25_09%253A00%253A59