Previous close | 98.13 |
Open | 97.53 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 96.07 - 97.80 |
52-week range | 96.07 - 172.31 |
Volume | |
Avg. volume | 304 |
Market cap | 110.347M |
Beta (5Y monthly) | 0.96 |
PE ratio (TTM) | 0.36 |
EPS (TTM) | 2.66 |
Earnings date | 23 Oct 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
The recent reaffirmation of Alexandria's (ARE) credit rating, with a positive outlook, underscores its financial strength and stability.
The three here are Alexandria Real Estate Equities (NYSE: ARE), American Tower (NYSE: AMT), and Realty Income (NYSE: O). That cash flow makes them ideal for the real estate and income portion of a balanced portfolio. But that same cash flow can make them especially vulnerable to rising interest rates, since REITs have to largely borrow instead of using retained cash to finance activities like acquisition and redevelopment.
The solid demand for high-quality life science and lab office properties in key markets and strategic buyouts bode well for Alexandria (ARE). However, a high interest rate is a key concern.