ARE Alexandria Real Estate Equities Inc.

$ARE Crazy that this trades almost at the same price as KRC considering the FFO difference, book value difference, occupancy difference. So undervalued, the more undervalued REIT I know in the market

$ARE Bought more at $40.1 as the dividend is 200 bps higher than the ten year treasury yield

$ARE John Kim called this a buy at $80 last year when the bay area vacancies were at 32.8%. Now one year later John Kim is telling you to sell at $42 when the bay area vacancies have decreased to 30.7%. Ill let you be the judge on if this guy seems like a reliable analyst or not

$ARE Analysts should have already known about the declining growth of biotech in the sense that that it couldn't continue infinitely expanding at the rate it did in 2021. and they were kind of idiots to think otherwise. The 10-year historical average of price to FFO is 18.4x, in 2021 it was 24.2x, in 2024, it was 12.4x which was already about 30% lower than average. Right now we're sitting at about 6.4x which is half of what it was in 2024. I think to any reasonable analyst, which is quite hard to find nowadays, they would honestly I can continuously project a fair price to FFO range even with the current headwinds at around 9 to 12x.

$ARE if you asked me 1 month ago I would’ve have bet my left nut that this would not have gone back to $43 range especially not in the span of a couple weeks. Pretty insane.

$ARE Hats off to buyers for printing little bit of an excess tail after the minor low range look down. Bullish IF buyers can step it up with some buying tomorrow.

$ARE Modeling for a catastrophic additional 25% rent decline across all of the properties but at a 93% occupancy rate still means this should be at around $50-55 depending on how you estimate P/FFO. Seems we're at a very low point of a cycle. I'm assuming 93% occupancy rate as that is a sustainable level for a REIT to be at if it is going to survive and grow long term. It's also the level thats close to a full recovery of previous occupancy levels. Question is if you think we will ever reach 93% occupancy again, which I feel the answer to that is very obviously yes even if it take 1-2 years. The next question is if you think in 1-2 years when the occupancy recovers where the rent will be relative to now (not relative to it's peak but at it's current point where it's already declined so much) - With -10% rent spread it would be valued around $64 - 0% change in rent spread would be $72 - +10% change in rent spread would be $80

$ARE Three reasons to buy: 1-The dividend is well covered, even if FFO decreases 2-The stock is getting very oversold 3-The stock is near a strong one year support level

$ARE XLRE and VNQ up 2-3% on the week and ARE down almost 8%. SEC time to check for whom are those "analysts" working for. If you downgrade a stock and then your employer is buying you should be in jail.

$ARE What’s amazing is that there are like 5 or 6 people on this board that give a shit about this company. Probably the best value for a quality REIT out there right now. Not complaining, thrilled to be able to continually add at these prices

$ARE I doubt that they’re gonna do buybacks but they really should… $500 million that is set aside. Especially after dispositions they should have a ton of capital. Right now they’re buying it like probably a 30 to 40% discount, they can then sell that stock again later to raise funds if needed. Just don’t know if they’re willing to make that kind of pragmatic decision right now in order to trade-off some of their flexibility

$ARE Is there an inverse ETF for John Kim, the analyst downgrading? Seems like inversing his calls yields some money

$ARE I honestly beg anyone to present an argument as to why the price to FFO ratio right now should not at least 9x. 6.4x is basically assuming the company is completely done for. $DEI is trading at a 6.6x P/FFO ratio, and their portfolio is struggling conventional office REITs with a 75% occupancy rate. Is the market really that retarded or as I've seen described REIT-arded

$ARE we were here 6 months ago, didn’t think we’d be back at these levels any time soon 😭

$ARE Pretty sure Fed Williams just doesnt want my position to fill now i have to lower it again. maybe I'll just set my midpoint as my first fill and not look again until after elections

$ARE this stock is brutal to watch sometimes. You can literally watch the day traders fomo in actual investors and know with 90% certainty they are about to rug pull and destroy their accounts. Just brutal

$ARE I'm taking a 4% profit. An angry bird in the hand is worth two happy birds in the bush 😉

$ARE I think a big market change from ai tech to other plays is coming. Looks like this doubled bottomed for a reversal. Worst case it bottoms at $35 $36 support

$ARE lowered my entry to 39.28 when i didnt fill at open at 39.46...hopefully i get my starter again. REITS traditionally drop around 8% post elections so expecting some more pain to fill out. Maybe I'll get a good enough average I can long term this.

$ARE Same guidance, same trajectory with more leasing volume and the market still dumps it? Lolz